Description
Group 1 Automotive: Initiation Of Coverage – Is The Favorable Shift Towards Hybrid Vehicles Truly Benefitting The Company?
Group 1 Automotive’s second quarter of 2024 financial results generally mirrored the broader challenges and
opportunities facing the automotive industry, marked by resilience amid disruptions and strategic expansions that
promise future growth. The company navigated significant obstacles, including extreme weather events and a
significant system outage from its dealership management service provider, CDK, which impacted its operations
from June 19 to June 26. Despite these challenges, Group 1 Automotive managed to minimize the financial
impact significantly, estimating a pretax income impact of the CDK incident at approximately $17 million or $0.97
in diluted earnings per share, along with one-time pretax compensation payments to employees amounting to
$5.9 million or approximately $0.34 per dilute share.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures
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