GROUP 1 AUTOMOTIVE INC - FORM 8-K - EX-99.1 - EXHIBIT 99.1 PRESS RELEASE DATED OCTOBER 25, 2018

Attached files

file	filename
8-K - 8-K - GROUP 1 AUTOMOTIVE INC	a2018q3earningsrelease.htm

FOR IMMEDIATE RELEASE

Group 1 Automotive Announces Third Quarter 2018 Financial Results

Increases Share Repurchase Authorization to $100 Million

HOUSTON, October 25, 2018 - Group 1 Automotive, Inc. (NYSE: GPI), (“Group 1” or the “Company”), an international, Fortune 500 automotive retailer, today reported 2018 third quarter net income of $34.8 million, diluted earnings per common share of $1.74, adjusted net income (a non-GAAP measure) of $49.2 million, and adjusted diluted earnings per common share (a non-GAAP measure) of $2.47.

Third quarter 2018 adjusted net income and diluted earnings per share exclude approximately $14.4 million of net after-tax adjustments, or $0.73 per common share. These adjustments are more than explained by non-cash asset impairments of $17.7 million and legal settlement reserve adjustments of $1.6 million, which were partially offset by gains on real estate and dealership transactions of $4.2 million and reduced tax liabilities of $0.7 million due to the corporate income tax rate enacted by the U.S. Tax Reform Bill.

“Although our results were impacted by some unusual factors, especially in the U.K., we are pleased with our quarterly results, which established a new all-time quarterly record of $2.47 per share on an adjusted basis,” said Earl J. Hesterberg, Group 1’s president and chief executive officer. “Strong used vehicle results and good cost control contributed positively to the quarter. However, the severe lack of 2019 model vehicles to sell in the U.K. during a major plate change sales month was unexpected and very damaging to our business. We expect manufacturer supply to improve across the U.K. by year end.”

Consolidated Results for Third Quarter 2018 (year-over-year comparable basis)

For ease of comparison, we have included constant currency metrics (a non-GAAP measure) both below (shown in parenthesis) and in the financial tables that follow:


▪	Total revenue decreased 4.1 percent (decreased 3.1 percent) to $2.9 billion.


▪	Total gross profit increased 0.9 percent (increased 1.8 percent), to $435.1 million.

▪

New vehicle revenues decreased 10.0 percent (decreased 8.9 percent) on a 9.8 percent decrease in unit sales, reflecting difficult year-over-year comparisons as a result of very strong replacement demand from Hurricane Harvey in the third quarter 2017 and emission testing-related supply constraints in the UK in September 2018. New vehicle gross profit decreased 12.1 percent (decreased 10.5 percent), to $77.6 million.


▪	Retail used vehicle revenues increased 6.6 percent (7.5 percent) on 9.7 percent higher unit sales. Retail used vehicle gross profit increased 6.4 percent (7.2 percent), to $50.2 million. Total used vehicle gross profit was up 6.2 percent (7.1 percent), to $49.8 million.


▪	Parts and service gross profit increased 3.5 percent (4.2 percent) on revenue growth of 3.3 percent (4.2 percent). Same Store parts and service gross profit increased 1.8 percent (2.5 percent) on Same Store parts and service revenue growth of 2.0 percent (2.9 percent).


▪	Finance and Insurance (F&I) gross profit per retail unit (PRU) increased 6.4 percent (7.0 percent), to $1,429.


▪	Selling, General and Administrative (SG&A) expenses as a percent of gross profit decreased 330 basis points, to 72.8 percent. Adjusted Same Store SG&A as a percent of gross profit increased 110 basis points, to 73.3 percent.

Segment Results for Third Quarter 2018 (year-over-year comparable basis)


▪	United States:

The Company’s U.S. operations accounted for 76.1 percent of total revenues and 81.0 percent of total gross profit. Total U.S. revenues were $2.2 billion, a decrease of 4.4 percent, reflecting the aforementioned challenging year-over-year comparisons from Hurricane Harvey in 3Q17. New vehicle revenues decreased 7.7 percent. F&I revenues increased 5.4 percent, parts and service revenue increased 1.9 percent, and retail used vehicle revenue increased 1.8 percent.

F&I gross profit PRU increased $122, or 7.8 percent per unit, to $1,688; and total gross profit was about flat at $352.5 million. New vehicle retail gross profit PRU decreased $104, to $1,787. Total used vehicle gross profit PRU increased $18, to $1,068.

SG&A expenses as a percent of gross profit improved 530 basis points, to 68.7 percent; and operating margin expanded 30 basis points, to 3.3 percent. Adjusted SG&A expenses as a percent of gross profit increased 60 basis points, to 70.6 percent. Adjusted operating margin was flat at 4.1 percent.


▪	United Kingdom:

The Company’s U.K. operations accounted for 20.3 percent of total revenues and 15.8 percent of total gross profit. As of September 1, 2018, all light vehicles sold in the EU are subject to mandatory emissions standards testing known as the Worldwide Harmonised Light Vehicle Test Procedure (“WLTP”). This testing procedure created a serious inventory supply delay in the release of many 2019 model year vehicles for sale, which resulted in a 10.2 percent industry sales decrease for the third quarter 2018 and a 20.5 percent industry decrease in the important sales month of September. Various brands were more impacted than others. The Company’s most significantly impacted brand was Audi, which experienced an industry sales decrease of 28.6 percent for the third quarter 2018. This manufacturer supply issue resulted in a Same Store new vehicle revenues decrease of 26.2 percent (decreased 25.3 percent) and Same Store new vehicle units sold decrease of 21.5 percent. On a constant currency basis, strong Same Store used sales (up 14.3 percent) and after sales growth (up 5.9 percent) were partial offsets. The Company’s total U.K. revenues decreased 0.8 percent (no change), to $585.9 million. Consistent with the quarterly industry decrease, Same Store U.K. revenues decreased 11.0 percent (decreased 10.1 percent), to $496.4 million.

Total gross profit increased 8.1 percent (9.0 percent), to $68.7 million, while Same Store gross profit decreased 4.3 percent (decreased 3.4 percent), to $58.0 million.

SG&A expenses as a percent of gross profit increased 290 basis points, to 86.9 percent; and operating margin decreased 30 basis points, to 1.0 percent. Same Store SG&A expenses as a percent of gross profit increased 580 basis points, to 87.7 percent; and Same Store operating margin decreased 70 basis points, to 0.9 percent, reflecting the deleveraging impact of the reduced new vehicle volumes.


•	Brazil:

The Company’s Brazilian operations accounted for 3.6 percent of total revenues and 3.2 percent of total gross profit. The Company’s Same Store new vehicle revenue decreased 24.3 percent (decreased 5.5 percent), with units down 8.9 percent. Same store total revenues decreased 19.4 percent (increased 0.5 percent), with the constant currency increase driven by revenue growth of 17.2 percent in F&I, 14.3 percent in total used vehicles, and 7.6 percent in parts & service. SG&A expenses as a percent of gross profit increased 14.6 percentage points, to 106.8 percent. Adjusted Same Store SG&A expenses as a percent of gross profit improved 460 basis points, to 85.1 percent

Share Repurchase Authorization

During the third quarter of 2018, the Company repurchased 789,509 shares at an average price per common share of $69.77, for a total of $55.1 million. Under SEC Rule 10b5-1, from October 1, 2018 to October 25, 2018, the Company repurchased an additional 399,872 shares at an average price per common share of $62.52, for a total of $25.0 million. Year-to-date through October 25, 2018, the Company has repurchased 1,935,738 shares at an average price per common share of $67.86, for a total of $131.4 million. These repurchases represented approximately 9.5 percent of the Company’s share float at the beginning of the year and reduced the total outstanding share count to approximately 18.6 million common shares as of October 25, 2018.

On October 25, 2018, the Company’s board of directors increased Group 1’s common stock share repurchase authorization to $100.0 million.

Future repurchases may be made from time to time, based on market conditions, legal requirements and other corporate considerations, in the open market or in privately negotiated transactions, and subject to Board approval and covenant restrictions.

Corporate Development

In August 2018, the Company disposed of Ford Escondido, which generated approximately $60 million in trailing-twelve-month revenues.

Year-to-date 2018, the Company has acquired a total of 14 franchises, which are expected to generate an estimated $530 million in annual revenues; and the Company has disposed of 4 franchises that generated approximately $175 million in trailing-twelve-month revenues.

Third Quarter 2018 Earnings Conference Call Details

Group 1’s senior management will host a conference call today at 10 a.m. ET to discuss the third quarter financial results and the Company’s outlook and strategy.

The conference call will be simulcast live on the Internet at www.group1auto.com, then click on ‘Investor Relations’ and then ‘Events’ or through this link: http://www.group1corp.com/events. A webcast replay will be available for 30 days.

The conference call will also be available live by dialing in 15 minutes prior to the start of the call at:

Domestic: 1-888-317-6003

International: 1-412-317-6061

Conference ID: 4290144

A telephonic replay will be available following the call through November 1, 2018 by dialing:

Domestic: 1-877-344-7529

International: 1-412-317-0088

Replay ID: 10125481

About Group 1 Automotive, Inc.

Group 1 owns and operates 181 automotive dealerships, 237 franchises, and 47 collision centers in the United States, the United Kingdom and Brazil that offer 32 brands of automobiles. Through its dealerships, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service contracts; provides automotive maintenance and repair services; and sells vehicle parts.

Investors please visit www.group1corp.com, www.group1auto.com, www.group1collision.com, www.facebook.com/group1auto, and www.twitter.com/group1auto, where Group 1 discloses additional information about the Company, its business, and its results of operations.

FORWARD-LOOKING STATEMENTS

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which are statements related to future, not past, events and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. In this context, the forward-looking statements often include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential future acquisitions and business strategy, and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should,” “foresee,” “may” or “will” and similar expressions. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause actual results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, (a) general economic and business conditions, (b) the level of manufacturer incentives, (c) the future regulatory environment, (d) our ability to obtain an inventory of desirable new and used vehicles, (e) our relationship with our automobile manufacturers and the

willingness of manufacturers to approve future acquisitions, (f) our cost of financing and the availability of credit for consumers, (g) our ability to complete acquisitions and dispositions and the risks associated therewith, (h) foreign exchange controls and currency fluctuations, and (i) our ability to retain key personnel. For additional information regarding known material factors that could cause our actual results to differ from our projected results, please see our filings with the SEC, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.

NON-GAAP FINANCIAL MEASURES

In addition to evaluating the financial condition and results of our operations in accordance with GAAP, from time to time our management evaluates and analyzes results and any impact on the Company of strategic decisions and actions relating to, among other things, cost reduction, growth, and profitability improvement initiatives, and other events outside of normal, or "core," business and operations, by considering alternative financial measures not prepared in accordance with GAAP. This includes evaluating measures such as adjusted selling, general and administrative expenses, adjusted net income and adjusted diluted earnings per share. These adjusted measures are not measures of financial performance under U.S. GAAP, but are instead considered non-GAAP financial performance measures. Non-GAAP measures do not have definitions under GAAP and may be defined differently by and not be comparable to similarly titled measures used by other companies. As a result, any non-GAAP financial measures considered and evaluated by management are reviewed in conjunction with a review of the most directly comparable measures calculated in accordance with GAAP. We caution investors not to place undue reliance on such non-GAAP measures, but also to consider them with the most directly comparable GAAP measures. In our evaluation of results from time to time, we exclude items that do not arise directly from core operations, such as non-cash asset impairment charges, gains and losses on dealership franchise or real estate transactions, and catastrophic weather events such as hail storms, hurricanes, and snow storms. Because these non-core charges and gains materially affect the Company's financial condition or results in the specific period in which they are recognized, management also evaluates, and makes resource allocation and performance evaluation decisions based on, the related non-GAAP measures excluding such items.

In addition to using such non-GAAP measures to evaluate results in a specific period, management believes that such measures may provide more complete and consistent comparisons of operational performance on a period-over-period historical basis and a better indication of expected future trends. Our management also uses these adjusted measures in conjunction with U.S. GAAP financial measures to assess our business, including communication with our Board of Directors, investors and industry analysts concerning financial performance. We disclose these non-GAAP measures, and the related reconciliations, because we believe investors use these metrics in evaluating longer-term period-over-period performance, and to allow investors to better understand and evaluate the information used by management to assess operating performance. The exclusion of certain expenses in the calculation of non-GAAP financial measures should not be construed as an inference that these costs are unusual or infrequent. We anticipate excluding these expenses in the future presentation of our non-GAAP financial measures.

In addition, we evaluate our results of operations on both an as reported and a constant currency basis. The constant currency presentation, which is a non-GAAP measure, excludes the impact of fluctuations in foreign currency exchange rates. We believe providing constant currency information provides valuable supplemental information regarding our underlying business and results of operations, consistent with how we evaluate our performance. We calculate constant currency percentages by converting our current period reported results for entities reporting in currencies other than United States dollars using comparative period exchange rates rather than the actual exchange rates in effect during the respective periods. The constant currency performance measures should not be considered a substitute for, or superior to, the measures of financial performance prepared in accordance with U.S. GAAP.

SOURCE: Group 1 Automotive, Inc.

Investor contacts:

Sheila Roth

Manager, Investor Relations

Group 1 Automotive, Inc.

713-647-5741 | sroth@group1auto.com

Media contacts:

Pete DeLongchamps

Senior Vice President, Manufacturer Relations, Financial Services and Public Affairs

Group 1 Automotive, Inc.

713-647-5770 | pdelongchamps@group1auto.com

Clint Woods

Pierpont Communications, Inc.

713-627-2223 | cwoods@piercom.com

Exhibit 99.1



Group 1 Automotive, Inc.
Consolidated Statements of Operations
(Unaudited)
(In thousands, except per share amounts)

	Three Months Ended September 30,
	2018			2017			% Increase/(Decrease)
REVENUES:
New vehicle retail sales	$	1,539,498		$	1,710,241		(10.0	)
Used vehicle retail sales	792,405			743,038			6.6
Used vehicle wholesale sales	86,570			104,827			(17.4	)
Parts and service	354,501			343,193			3.3
Finance, insurance and other, net	116,084			110,993			4.6
Total revenues	2,889,058			3,012,292			(4.1	)
COST OF SALES:
New vehicle retail sales	1,461,896			1,621,909			(9.9	)
Used vehicle retail sales	742,250			695,915			6.7
Used vehicle wholesale sales	86,884			105,012			(17.3	)
Parts and service	162,927			158,036			3.1
Total cost of sales	2,453,957			2,580,872			(4.9	)
GROSS PROFIT	435,101			431,420			0.9
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	316,771			328,327			(3.5	)
DEPRECIATION AND AMORTIZATION EXPENSE	16,981			15,059			12.8
ASSET IMPAIRMENTS	23,159			9,526			143.1
OPERATING INCOME	78,190			78,508			(0.4	)
OTHER EXPENSE:
Floorplan interest expense	(14,685		)	(13,491		)	8.9
Other interest expense, net	(19,140		)	(17,874		)	7.1
INCOME BEFORE INCOME TAXES	44,365			47,143			(5.9	)
PROVISION FOR INCOME TAXES	(9,587		)	(17,262		)	(44.5	)
NET INCOME	$	34,778		$	29,881		16.4
Less: Earnings allocated to participating securities	$	1,181		$	1,023		15.4
Earnings available to diluted common shares	$	33,597		$	28,858		16.4
DILUTED EARNINGS PER SHARE	$	1.74		$	1.43		21.7
Weighted average dilutive common shares outstanding	19,261			20,225			(4.8	)
Weighted average participating securities	684			724			(5.5	)
Total weighted average shares outstanding	19,945			20,949			(4.8	)

Exhibit 99.1



Group 1 Automotive, Inc.
Consolidated Statements of Operations
(Unaudited)
(In thousands, except per share amounts)

	Nine Months Ended September 30,
	2018			2017			% Increase/(Decrease)
REVENUES:
New vehicle retail sales	$	4,608,658		$	4,496,222		2.5
Used vehicle retail sales	2,394,828			2,089,914			14.6
Used vehicle wholesale sales	283,453			308,361			(8.1	)
Parts and service	1,062,145			994,522			6.8
Finance, insurance and other, net	343,462			314,297			9.3
Total revenues	8,692,546			8,203,316			6.0
COST OF SALES:
New vehicle retail sales	4,379,047			4,263,752			2.7
Used vehicle retail sales	2,249,964			1,952,873			15.2
Used vehicle wholesale sales	281,871			308,713			(8.7	)
Parts and service	488,637			458,144			6.7
Total cost of sales	7,399,519			6,983,482			6.0
GROSS PROFIT	1,293,027			1,219,834			6.0
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	949,210			916,674			3.5
DEPRECIATION AND AMORTIZATION EXPENSE	49,961			42,758			16.8
ASSET IMPAIRMENTS	27,427			9,526			187.9
OPERATING INCOME	266,429			250,876			6.2
OTHER EXPENSE:
Floorplan interest expense	(43,335		)	(38,659		)	12.1
Other interest expense, net	(57,374		)	(52,188		)	9.9
INCOME BEFORE INCOME TAXES	165,720			160,029			3.6
PROVISION FOR INCOME TAXES	(38,666		)	(57,076		)	(32.3	)
NET INCOME	$	127,054		$	102,953		23.4
Less: Earnings allocated to participating securities	$	4,306		$	3,659		17.7
Earnings available to diluted common shares	$	122,748		$	99,294		23.6
DILUTED EARNINGS PER SHARE	$	6.18		$	4.85		27.4
Weighted average dilutive common shares outstanding	19,868			20,480			(3.0	)
Weighted average participating securities	702			767			(8.5	)
Total weighted average shares outstanding	20,570			21,247			(3.2	)

Exhibit 99.1



Group 1 Automotive, Inc.
Consolidated Balance Sheets
(Unaudited)
(Dollars in thousands)

	September 30, 2018			December 31, 2017			% Increase/(Decrease)
ASSETS:
CURRENT ASSETS:
Cash and cash equivalents	$	32,027		$	28,787		11.3
Contracts in transit and vehicle receivables, net	235,609			306,433			(23.1	)
Accounts and notes receivable, net	169,318			188,611			(10.2	)
Inventories, net	1,733,756			1,763,293			(1.7	)
Prepaid expenses and other current assets	77,996			42,062			85.4
Total current assets	2,248,706			2,329,186			(3.5	)
PROPERTY AND EQUIPMENT, net	1,350,929			1,318,959			2.4
GOODWILL AND INTANGIBLE FRANCHISE RIGHTS	1,245,056			1,198,666			3.9
OTHER ASSETS	36,175			24,254			49.2
Total assets	$	4,880,866		$	4,871,065		0.2

LIABILITIES AND STOCKHOLDERS' EQUITY:
CURRENT LIABILITIES:
Floorplan notes payable - credit facility and other	$	1,155,034		$	1,240,695		(6.9	)
Offset account related to floorplan notes payable - credit facility	(71,397		)	(86,547		)	(17.5	)
Floorplan notes payable - manufacturer affiliates	415,615			397,183			4.6
Offset account related to floorplan notes payable - manufacturer affiliates	(20,500		)	(22,500		)	(8.9	)
Current maturities of long-term debt and short-term financing	76,080			77,609			(2.0	)
Current liabilities from interest rate risk management activities	311			1,996			(84.4	)
Accounts payable	428,441			412,981			3.7
Accrued expenses	207,082			177,070			16.9
Total current liabilities	2,190,666			2,198,487			(0.4	)
5.00% SENIOR NOTES (principal of $550,000 at September 30, 2018 and December 31, 2017, respectively)	543,306			542,063			0.2
5.25% SENIOR NOTES (principal of $300,000 at September 30, 2018 and December 31, 2017, respectively)	296,587			296,151			0.1
ACQUISITION LINE	32,584			26,988			20.7
REAL ESTATE RELATED AND OTHER LONG-TERM DEBT, net of current maturities	384,541			405,950			(5.3	)
CAPITAL LEASE OBLIGATIONS RELATED TO REAL ESTATE, net of current maturities	47,109			47,032			0.2
DEFERRED INCOME TAXES	137,826			124,404			10.8
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES	444			8,583			(94.8	)
OTHER LIABILITIES	99,457			97,125			2.4
STOCKHOLDERS' EQUITY:
Common stock	255			255			—
Additional paid-in capital	290,668			291,461			(0.3	)
Retained earnings	1,368,946			1,246,323			9.8
Accumulated other comprehensive loss	(128,894		)	(123,226		)	4.6
Treasury stock	(382,629		)	(290,531		)	31.7
Total stockholders' equity	1,148,346			1,124,282			2.1
Total liabilities and stockholders' equity	$	4,880,866		$	4,871,065		0.2

Exhibit 99.1



Group 1 Automotive, Inc.
Additional Information - Consolidated
(Unaudited)

		Three Months Ended		Nine Months Ended
		September 30,		September 30,
		2018 (%)	2017 (%)	2018 (%)	2017 (%)
NEW VEHICLE UNIT SALES GEOGRAPHIC MIX:
Region	Geographic Market
United States	Texas	37.2	37.8	35.8	36.5
	Oklahoma	6.7	5.7	6.2	6.2
	California	5.8	7.0	6.2	7.6
	Massachusetts	5.2	4.8	4.9	4.7
	Georgia	4.7	4.4	4.5	4.6
	Florida	2.9	2.4	2.6	2.5
	Louisiana	2.2	1.9	2.0	2.0
	New Hampshire	2.0	1.9	1.9	2.0
	South Carolina	1.6	1.3	1.6	1.3
	New Jersey	1.5	1.7	1.6	1.7
	Kansas	1.4	1.5	1.4	1.6
	Mississippi	1.2	1.2	1.2	1.3
	Alabama	0.7	0.9	0.7	1.0
	Maryland	0.4	0.3	0.4	0.4
	New Mexico	0.1	0.1	0.1	—
		73.6	72.9	71.1	73.4

International	United Kingdom	21.4	22.6	23.9	21.8
	Brazil	5.0	4.5	5.0	4.8
		100.0	100.0	100.0	100.0

NEW VEHICLE UNIT SALES BRAND MIX:
Toyota/Lexus		27.1	26.7	25.0	25.3
Volkswagen/Audi/Porsche		11.8	13.9	13.0	13.0
BMW/MINI		11.5	11.5	12.1	12.8
Ford/Lincoln		11.0	10.6	11.1	11.5
Honda/Acura		9.5	9.0	9.3	9.2
Nissan		6.8	7.0	6.5	7.5
Chevrolet/GMC/Buick/Cadillac		5.6	6.1	5.7	6.2
Mercedes-Benz/smart/Sprinter		4.2	3.4	4.7	3.8
Chrysler/Dodge/Jeep/RAM		3.9	3.9	4.0	3.9
Hyundai/Kia		4.0	4.2	3.9	4.0
Jaguar/Land Rover		1.7	1.6	1.8	0.8
Other		2.9	2.1	2.9	2.0
		100.0	100.0	100.0	100.0

Exhibit 99.1



Group 1 Automotive, Inc.
Additional Information - U.S.
(Unaudited)
(Dollars in thousands, except per unit amounts)

	Three Months Ended September 30,
	2018		2017			% Increase/(Decrease)
REVENUES:
New vehicle retail sales	$	1,196,551	$	1,296,267		(7.7	)
Used vehicle retail sales	572,011		562,031			1.8
Used vehicle wholesale sales	40,724		63,363			(35.7	)
Total used	612,735		625,394			(2.0	)
Parts and service	289,334		283,915			1.9
Finance, insurance and other, net	101,610		96,383			5.4
Total	$	2,200,230	$	2,301,959		(4.4	)
GROSS MARGIN %:
New vehicle retail sales	4.8		5.1
Used vehicle retail sales	6.5		6.8
Used vehicle wholesale sales	1.0		(0.1		)
Total used	6.1		6.1
Parts and service	53.9		53.8
Finance, insurance and other, net	100.0		100.0
Total	16.0		15.4
GROSS PROFIT:
New vehicle retail sales	$	57,278	$	66,622		(14.0	)
Used vehicle retail sales	37,241		37,962			(1.9	)
Used vehicle wholesale sales	400		(54		)	840.7
Total used	37,641		37,908			(0.7	)
Parts and service	155,942		152,654			2.2
Finance, insurance and other, net	101,610		96,383			5.4
Total	$	352,471	$	353,567		(0.3	)
UNITS SOLD:
Retail new vehicles sold	32,058		35,233			(9.0	)
Retail used vehicles sold	28,125		26,304			6.9
Wholesale used vehicles sold	7,118		9,786			(27.3	)
Total used	35,243		36,090			(2.3	)
AVERAGE RETAIL SALES PRICE:
New vehicle retail	$	37,325	$	36,791		1.5
Used vehicle retail	$	20,338	$	21,367		(4.8	)
GROSS PROFIT PER UNIT SOLD:
New vehicle retail sales	$	1,787	$	1,891		(5.5	)
Used vehicle retail sales	1,324		1,443			(8.2	)
Used vehicle wholesale sales	56		(6		)	1,033.3
Total used	1,068		1,050			1.7
Finance, insurance and other, net (per retail unit)	$	1,688	$	1,566		7.8
OTHER:
Adjusted Finance, insurance and other revenue, net ^{(1), (2)}	$	101,610	$	102,933		(1.3	)
Adjusted Total Revenue ⁽¹⁾	$	2,200,230	$	2,308,509		(4.7	)
Adjusted Total Gross Profit ⁽¹⁾	$	352,471	$	360,117		(2.1	)
Adjusted Total Gross Margin ⁽¹⁾	16.0		15.6
Adjusted Finance, insurance and other, net (per retail unit) ⁽¹⁾	$	1,688	$	1,673		0.9
SG&A expenses	$	242,210	$	261,787		(7.5	)
Adjusted SG&A expenses⁽¹⁾	$	249,000	$	252,120		(1.2	)
SG&A as % revenues	11.0		11.4
Adjusted SG&A as % revenues ⁽¹⁾	11.3		11.0
SG&A as % gross profit	68.7		74.0
Adjusted SG&A as % gross profit ⁽¹⁾	70.6		70.0
Operating margin %	3.3		3.0
Adjusted operating margin % ⁽¹⁾	4.1		4.1
Pretax margin %	2.0		1.8
Adjusted pretax margin % ⁽¹⁾	2.7		2.9

Exhibit 99.1



INTEREST EXPENSE:
Floorplan interest expense	$	(12,904	)	$	(12,014	)	7.4
Floorplan assistance	11,736			13,295			(11.7	)
Net floorplan (expense) income	$	(1,168	)	$	1,281		(191.2	)
Other interest expense, net	$	(17,273	)	$	(16,727	)	3.3

⁽¹⁾ See the section of this release entitled "Non-GAAP Financial Measures" and the tables attached hereto for information regarding certain selected items that the Company believes impact comparability of financial results between reporting periods, as well as for information regarding non-GAAP financial measures and their reconciliation to the most directly comparable measures as reported in accordance with U.S. GAAP.

⁽²⁾ Finance, insurance and other revenue represents fees earned for the financing of vehicle sales transactions and from the sale of insurance and vehicle service contracts. Such amounts are reported net of estimated amounts to be charged back in the future. As a result, finance, insurance and other revenue and gross profit are the same.

Exhibit 99.1



Group 1 Automotive, Inc.
Additional Information - U.S.
(Unaudited)
(Dollars in thousands, except per unit amounts)
	Nine Months Ended September 30,
	2018		2017			% Increase/(Decrease)
REVENUES:
New vehicle retail sales	$	3,433,386	$	3,458,287		(0.7	)
Used vehicle retail sales	1,727,848		1,620,171			6.6
Used vehicle wholesale sales	137,507		200,384			(31.4	)
Total used	1,865,355		1,820,555			2.5
Parts and service	862,737		837,772			3.0
Finance, insurance and other, net	295,239		276,754			6.7
Total	$	6,456,717	$	6,393,368		1.0
GROSS MARGIN %:
New vehicle retail sales	4.9		5.1
Used vehicle retail sales	6.3		6.9
Used vehicle wholesale sales	2.5		(0.1		)
Total used	6.1		6.2
Parts and service	53.8		53.8
Finance, insurance and other, net	100.0		100.0
Total	16.1		15.9
GROSS PROFIT:
New vehicle retail sales	$	166,771	$	174,831		(4.6	)
Used vehicle retail sales	109,535		112,598			(2.7	)
Used vehicle wholesale sales	3,387		(170		)	2,092.4
Total used	112,922		112,428			0.4
Parts and service	463,894		450,623			2.9
Finance, insurance and other, net	295,239		276,754			6.7
Total	$	1,038,826	$	1,014,636		2.4
UNITS SOLD:
Retail new vehicles sold	91,119		93,533			(2.6	)
Retail used vehicles sold	83,919		76,435			9.8
Wholesale used vehicles sold	23,793		29,468			(19.3	)
Total used	107,712		105,903			1.7
AVERAGE RETAIL SALES PRICE:
New vehicle retail	$	37,680	$	36,974		1.9
Used vehicle retail	$	20,589	$	21,197		(2.9	)
GROSS PROFIT PER UNIT SOLD:
New vehicle retail sales	$	1,830	$	1,869		(2.1	)
Used vehicle retail sales	1,305		1,473			(11.4	)
Used vehicle wholesale sales	142		(6		)	2,466.7
Total used	1,048		1,062			(1.3	)
Finance, insurance and other, net (per retail unit)	$	1,687	$	1,628		3.6
OTHER:
Adjusted Finance, insurance and other revenue, net ^{(1), (2)}	$	295,239	$	283,304		4.2
Adjusted Total revenue ⁽¹⁾	$	6,456,717	$	6,399,918		0.9
Adjusted Total gross profit ⁽¹⁾	$	1,038,826	$	1,021,186		1.7
Adjusted Total gross margin ⁽¹⁾	16.1		16.0
Adjusted Finance, insurance and other, net (per retail unit) ⁽¹⁾	$	1,687	$	1,667		1.2
SG&A expenses	$	729,430	$	741,904		(1.7	)
Adjusted SG&A expenses ⁽¹⁾	$	748,527	$	733,427		2.1
SG&A as % revenues	11.3		11.6
Adjusted SG&A as % revenues⁽¹⁾	11.6		11.5
SG&A as % gross profit	70.2		73.1
Adjusted SG&A as % gross profit ⁽¹⁾	72.1		71.8
Operating margin %	3.8		3.6
Adjusted operating margin % ⁽¹⁾	3.9		3.9
Pretax margin %	2.4		2.2
Adjusted pretax margin % ⁽¹⁾	2.5		2.6

Exhibit 99.1



INTEREST EXPENSE:
Floorplan interest expense	$	(38,050	)	$	(34,954	)	8.9
Floorplan assistance	33,692			35,031			(3.8	)
Net floorplan (expense) income	$	(4,358	)	$	77		(5,759.7	)
Other interest expense, net	$	(51,621	)	$	(49,571	)	4.1

Exhibit 99.1



Group 1 Automotive, Inc.
Additional Information - U.K.
(Unaudited)
(Dollars in thousands, except per unit amounts)
(Dollars in thousands, except per unit amounts)
	Three Months Ended September 30,
	2018			2017			% Increase/(Decrease)		Constant Currency⁽¹⁾% Increase/(Decrease)
REVENUES:
New vehicle retail sales	$	278,046		$	334,772		(16.9	)	(16.1	)
Used vehicle retail sales	200,058			158,076			26.6		27.2
Used vehicle wholesale sales	41,696			38,647			7.9		8.5
Total used	241,754			196,723			22.9		23.6
Parts and service	53,817			46,783			15.0		15.6
Finance, insurance and other, net	12,319			12,448			(1.0	)	(0.2	)
Total	$	585,936		$	590,726		(0.8	)	—
GROSS MARGIN %:
New vehicle retail sales	5.4			5.1
Used vehicle retail sales	5.8			4.7
Used vehicle wholesale sales	(2.1		)	(0.9		)
Total used	4.4			3.6
Parts and service	56.7			57.3
Finance, insurance and other, net	100.0			100.0
Total	11.7			10.8
GROSS PROFIT:
New vehicle retail sales	$	15,128		$	17,205		(12.1	)	(10.8	)
Used vehicle retail sales	11,625			7,471			55.6		56.6
Used vehicle wholesale sales	(880		)	(347		)	(153.6	)	(148.1	)
Total used	10,745			7,124			50.8		52.1
Parts and service	30,530			26,823			13.8		14.4
Finance, insurance and other, net	12,319			12,448			(1.0	)	(0.2	)
Total	$	68,722		$	63,600		8.1		9.0
UNITS SOLD:
Retail new vehicles sold	9,333			10,909			(14.4	)
Retail used vehicles sold	8,482			7,011			21.0
Wholesale used vehicles sold	5,382			4,939			9.0
Total used	13,864			11,950			16.0
AVERAGE RETAIL SALES PRICE:
New vehicle retail	$	29,792		$	30,688		(2.9	)	(1.9	)
Used vehicle retail	$	23,586		$	22,547		4.6		5.2
GROSS PROFIT PER UNIT SOLD:
New vehicle retail sales	$	1,621		$	1,577		2.8		4.2
Used vehicle retail sales	1,371			1,066			28.6		29.4
Used vehicle wholesale sales	(164		)	(70		)	(134.3	)	(127.7	)
Total used	775			596			30.0		31.1
Finance, insurance and other, net (per retail unit)	$	691		$	695		(0.6	)	0.4
OTHER:
SG&A expenses	$	59,704		$	53,395		11.8		12.4
SG&A as % revenues	10.2			9.0
SG&A as % gross profit	86.9			84.0
Operating margin %	1.0			1.3
Pretax margin %	0.5			0.9
INTEREST EXPENSE:
Floorplan interest expense	$	(1,556	)	$	(1,336	)	16.5		17.3
Floorplan assistance	299			265			12.8		13.6
Net floorplan expense	$	(1,257	)	$	(1,071	)	17.4		18.3
Other interest expense, net	$	(1,693	)	$	(1,121	)	51.0		52.0

Exhibit 99.1



Group 1 Automotive, Inc.
Additional Information - U.K.
(Unaudited)
(Dollars in thousands, except per unit amounts)
	Nine Months Ended September 30,
	2018			2017			% Increase/(Decrease)		Constant Currency ⁽¹⁾ % Increase/(Decrease)
REVENUES:
New vehicle retail sales	$	971,085		$	824,827		17.7		11.3
Used vehicle retail sales	600,715			401,851			49.5		41.6
Used vehicle wholesale sales	134,408			99,604			34.9		27.5
Total used	735,123			501,455			46.6		38.8
Parts and service	164,954			120,614			36.8		29.4
Finance, insurance and other, net	42,199			31,260			35.0		27.9
Total	$	1,913,361		$	1,478,156		29.4		22.4
GROSS MARGIN %:
New vehicle retail sales	5.1			5.5
Used vehicle retail sales	5.2			4.9
Used vehicle wholesale sales	(1.6		)	(0.9		)
Total used	4.0			3.7
Parts and service	57.1			57.6
Finance, insurance and other, net	100.0			100.0
Total	11.2			11.2
GROSS PROFIT:
New vehicle retail sales	$	49,546		$	45,350		9.3		3.5
Used vehicle retail sales	31,288			19,579			59.8		51.4
Used vehicle wholesale sales	(2,188		)	(851		)	(157.1	)	(149.7	)
Total used	29,100			18,728			55.4		47.0
Parts and service	94,132			69,488			35.5		28.2
Finance, insurance and other, net	42,199			31,260			35.0		27.9
Total	$	214,977		$	164,826		30.4		23.5
UNITS SOLD:
Retail new vehicles sold	30,697			27,821			10.3
Retail used vehicles sold	24,818			18,435			34.6
Wholesale used vehicles sold	16,924			13,245			27.8
Total used	41,742			31,680			31.8
AVERAGE RETAIL SALES PRICE:
New vehicle retail	$	31,635		$	29,648		6.7		0.8
Used vehicle retail	$	24,205		$	21,798		11.0		5.2
GROSS PROFIT PER UNIT SOLD:
New vehicle retail sales	$	1,614		$	1,630		(1.0	)	(6.2	)
Used vehicle retail sales	1,261			1,062			18.7		12.5
Used vehicle wholesale sales	(129		)	(64		)	(101.6	)	(95.4	)
Total used	697			591			17.9		11.5
Finance, insurance and other, net (per retail unit)	$	760		$	676		12.4		6.5
OTHER:
SG&A expenses	$	181,558		$	137,475		32.1		24.9
Adjusted SG&A expenses ⁽¹⁾	$	181,558		$	137,187		32.3		25.2
SG&A as % revenues	9.5			9.3
Adjusted SG&A as % revenues⁽¹⁾	9.5			9.3
SG&A as % gross profit	84.5			83.4
Adjusted SG&A as % gross profit ⁽¹⁾	84.5			83.2
Operating margin %	1.3			1.5
Adjusted operating margin % ⁽¹⁾	1.3			1.5
Pretax margin %	0.8			1.1
Adjusted pretax margin % ⁽¹⁾	0.8			1.1

Exhibit 99.1



INTEREST EXPENSE:
Floorplan interest expense	$	(4,687	)	$	(3,423	)	36.9	29.7
Floorplan assistance	824			714			15.4	9.3
Net floorplan expense	$	(3,863	)	$	(2,709	)	42.6	35.1
Other interest expense, net	$	(5,015	)	$	(2,386	)	110.2	99.7

Exhibit 99.1



Group 1 Automotive, Inc.
Additional Information - Brazil
(Unaudited)
(Dollars in thousands, except per unit amounts)

	Three Months Ended September 30,
	2018			2017		% Increase/(Decrease)		Constant Currency ⁽¹⁾ % Increase/(Decrease)
REVENUES:
New vehicle retail sales	$	64,901		$	79,202	(18.1	)	2.3
Used vehicle retail sales	20,336			22,931		(11.3	)	10.3
Used vehicle wholesale sales	4,150			2,817		47.3		84.7
Total used	24,486			25,748		(4.9	)	18.4
Parts and service	11,350			12,495		(9.2	)	13.1
Finance, insurance and other, net	2,155			2,162		(0.3	)	24.5
Total	$	102,892		$	119,607	(14.0	)	7.3
GROSS MARGIN %:
New vehicle retail sales	8.0			5.7
Used vehicle retail sales	6.3			7.4
Used vehicle wholesale sales	4.0			7.7
Total used	5.9			7.4
Parts and service	45.0			45.5
Finance, insurance and other, net	100.0			100.0
Total	13.5			11.9
GROSS PROFIT:
New vehicle retail sales	$	5,196		$	4,505	15.3		43.8
Used vehicle retail sales	1,289			1,690		(23.7	)	(5.5	)
Used vehicle wholesale sales	166			216		(23.1	)	(3.6	)
Total used	1,455			1,906		(23.7	)	(5.2	)
Parts and service	5,102			5,680		(10.2	)	11.9
Finance, insurance and other, net	2,155			2,162		(0.3	)	24.5
Total	$	13,908		$	14,253	(2.4	)	21.6
UNITS SOLD:
Retail new vehicles sold	2,193			2,179		0.6
Retail used vehicles sold	1,069			1,034		3.4
Wholesale used vehicles sold	402			242		66.1
Total used	1,471			1,276		15.3
AVERAGE RETAIL SALES PRICE:
New vehicle retail	$	29,595		$	36,348	(18.6	)	1.6
Used vehicle retail	$	19,023		$	22,177	(14.2	)	6.7
GROSS PROFIT PER UNIT SOLD:
New vehicle retail sales	$	2,369		$	2,067	14.6		42.8
Used vehicle retail sales	1,206			1,634		(26.2	)	(8.5	)
Used vehicle wholesale sales	413			893		(53.8	)	(42.0	)
Total used	989			1,494		(33.8	)	(17.8	)
Finance, insurance and other, net (per retail unit)	$	661		$	673	(1.8	)	22.6
OTHER:
SG&A expenses	$	14,857		$	13,145	13.0		42.2
Adjusted SG&A expenses ⁽¹⁾	$	11,737		$	13,145	(10.7	)	11.4
SG&A as % revenues	14.4			11.0
Adjusted SG&A as % revenues⁽¹⁾	11.4			11.0
SG&A as % gross profit	106.8			92.2
Adjusted SG&A as % gross profit ⁽¹⁾	84.4			92.2
Operating margin %	(1.3		)	0.6
Adjusted operating margin % ⁽¹⁾	1.8			0.6
Pretax margin %	(1.7		)	0.5
Adjusted pretax margin % ⁽¹⁾	1.4			0.5

Exhibit 99.1



INTEREST EXPENSE:
Floorplan interest expense	$	(225	)	$	(141	)	59.6	99.7
Floorplan assistance	—			—			—	—
Net floorplan expense	$	(225	)	$	(141	)	59.6	99.7
Other interest expense, net	$	(174	)	$	(26	)	569.2	697.6

Exhibit 99.1



Group 1 Automotive, Inc.
Additional Information - Brazil
(Unaudited)
(Dollars in thousands, except per unit amounts)
	Nine Months Ended September 30,
	2018			2017			% Increase/(Decrease)		Constant Currency ⁽¹⁾ % Increase/(Decrease)
REVENUES:
New vehicle retail sales	$	204,187		$	213,108		(4.2	)	8.3
Used vehicle retail sales	66,265			67,892			(2.4	)	9.8
Used vehicle wholesale sales	11,538			8,373			37.8		57.8
Total used	77,803			76,265			2.0		15.1
Parts and service	34,454			36,136			(4.7	)	7.8
Finance, insurance and other, net	6,024			6,283			(4.1	)	9.2
Total	$	322,468		$	331,792		(2.8	)	9.8
GROSS MARGIN %:
New vehicle retail sales	6.5			5.8
Used vehicle retail sales	6.1			7.2
Used vehicle wholesale sales	3.3			8.0
Total used	5.7			7.3
Parts and service	44.9			45.0
Finance, insurance and other, net	100.0			100.0
Total	12.2			12.2
GROSS PROFIT:
New vehicle retail sales	$	13,294		$	12,289		8.2		23.7
Used vehicle retail sales	4,041			4,864			(16.9	)	(6.4	)
Used vehicle wholesale sales	383			669			(42.8	)	(35.5	)
Total used	4,424			5,533			(20.0	)	(10.0	)
Parts and service	15,482			16,267			(4.8	)	7.5
Finance, insurance and other, net	6,024			6,283			(4.1	)	9.2
Total	$	39,224		$	40,372		(2.8	)	10.3
UNITS SOLD:
Retail new vehicles sold	6,429			6,133			4.8
Retail used vehicles sold	3,163			3,048			3.8
Wholesale used vehicles sold	1,081			858			26.0
Total used	4,244			3,906			8.7
AVERAGE RETAIL SALES PRICE:
New vehicle retail	$	31,760		$	34,748		(8.6	)	3.3
Used vehicle retail	$	20,950		$	22,274		(5.9	)	5.8
GROSS PROFIT PER UNIT SOLD:
New vehicle retail sales	$	2,068		$	2,004		3.2		18.0
Used vehicle retail sales	1,278			1,596			(19.9	)	(9.8	)
Used vehicle wholesale sales	354			780			(54.6	)	(48.8	)
Total used	1,042			1,417			(26.5	)	(17.1	)
Finance, insurance and other, net (per retail unit)	$	628		$	684		(8.2	)	4.5
OTHER:
SG&A expenses	$	38,222		$	37,295		2.5		17.4
Adjusted SG&A expenses ⁽¹⁾	$	34,552		$	37,295		(7.4	)	4.9
SG&A as % revenues	11.9			11.2
Adjusted SG&A as % revenues⁽¹⁾	10.7			11.2
SG&A as % gross profit	97.4			92.4
Adjusted SG&A as % gross profit ⁽¹⁾	88.1			92.4
Operating margin %	(0.1		)	0.6
Adjusted operating margin % ⁽¹⁾	1.1			0.6
Pretax margin %	(0.5		)	0.4
Adjusted pretax margin % ⁽¹⁾	0.7			0.4
INTEREST EXPENSE:
Floorplan interest expense	$	(598	)	$	(282	)	112.1		139.1
Floorplan assistance	—			—			—		—
Net floorplan expense	$	(598	)	$	(282	)	112.1		139.1
Other interest expense, net	$	(738	)	$	(231	)	219.5		252.3

⁽¹⁾ See the section of this release entitled "Non-GAAP Financial Measures " and the tables attached hereto for information regarding certain selected items that the Company believes impact comparability of financial results between reporting periods, as well as for information regarding non-GAAP financial measures and their reconciliation to the most directly comparable measures as reported in accordance with U.S. GAAP.

Exhibit 99.1



Group 1 Automotive, Inc.
Additional Information - Consolidated
(Unaudited)
(Dollars in thousands, except per unit amounts)
(Dollars in thousands, except per unit amounts)
	Three Months Ended September 30,
	2018			2017			% Increase/(Decrease)		Constant Currency ⁽¹⁾ % Increase/(Decrease)
REVENUES:
New vehicle retail sales	$	1,539,498		$	1,710,241		(10.0	)	(8.9	)
Used vehicle retail sales	792,405			743,038			6.6		7.5
Used vehicle wholesale sales	86,570			104,827			(17.4	)	(16.2	)
Total used	878,975			847,865			3.7		4.5
Parts and service	354,501			343,193			3.3		4.2
Finance, insurance and other, net	116,084			110,993			4.6		5.2
Total	$	2,889,058		$	3,012,292		(4.1	)	(3.1	)
GROSS MARGIN %:
New vehicle retail sales	5.0			5.2
Used vehicle retail sales	6.3			6.3
Used vehicle wholesale sales	(0.4		)	(0.2		)
Total used	5.7			5.5
Parts and service	54.0			54.0
Finance, insurance and other, net	100.0			100.0
Total	15.1			14.3
GROSS PROFIT:
New vehicle retail sales	$	77,602		$	88,332		(12.1	)	(10.5	)
Used vehicle retail sales	50,155			47,123			6.4		7.2
Used vehicle wholesale sales	(314		)	(185		)	(69.7	)	(36.3	)
Total used	49,841			46,938			6.2		7.1
Parts and service	191,574			185,157			3.5		4.2
Finance, insurance and other, net	116,084			110,993			4.6		5.2
Total	$	435,101		$	431,420		0.9		1.8
UNITS SOLD:
Retail new vehicles sold	43,584			48,321			(9.8	)
Retail used vehicles sold	37,676			34,349			9.7
Wholesale used vehicles sold	12,902			14,967			(13.8	)
Total used	50,578			49,316			2.6
AVERAGE RETAIL SALES PRICE:
New vehicle retail	$	35,323		$	35,393		(0.2	)	1.0
Used vehicle retail	$	21,032		$	21,632		(2.8	)	(2.0	)
GROSS PROFIT PER UNIT SOLD:
New vehicle retail sales	$	1,781		$	1,828		(2.6	)	(0.7	)
Used vehicle retail sales	1,331			1,372			(3.0	)	(2.2	)
Used vehicle wholesale sales	(24		)	(12		)	(100.0	)	(58.2	)
Total used	985			952			3.5		4.5
Finance, insurance and other, net (per retail unit)	$	1,429		$	1,343		6.4		7.0
OTHER:
Adjusted Finance, insurance and other revenue, net ^{(1), (2)}	$	116,084		$	117,543		(1.2	)	(0.7	)
Adjusted Total revenue ⁽¹⁾	$	2,889,058		$	3,018,842		(4.3	)	(3.3	)
Adjusted Total gross profit ⁽¹⁾	$	435,101		$	437,970		(0.7	)	0.3
Adjusted Total gross margin ⁽¹⁾	15.1			14.5
Adjusted Finance, insurance and other, net (per retail unit) ⁽¹⁾	$	1,429		$	1,422		0.5		1.0
SG&A expenses	$	316,771		$	328,327		(3.5	)	(2.3	)
Adjusted SG&A expenses ⁽¹⁾	$	320,441		$	318,660		0.6		1.6
SG&A as % revenues	11.0			10.9
Adjusted SG&A as % revenues⁽¹⁾	11.1			10.6
SG&A as % gross profit	72.8			76.1
Adjusted SG&A as % gross profit ⁽¹⁾	73.6			72.8
Operating margin %	2.7			2.6
Adjusted operating margin % ⁽¹⁾	3.4			3.5
Pretax margin %	1.5			1.6
Adjusted pretax margin % ⁽¹⁾	2.2			2.4

Exhibit 99.1



INTEREST EXPENSE:
Floorplan interest expense	$	(14,685	)	$	(13,491	)	8.9		9.4
Floorplan assistance	12,034			13,561			(11.3	)	(11.2	)
Net floorplan (expense) income	$	(2,651	)	$	70		(3,887.1	)	(4,015.3	)
Other interest expense, net	$	(19,140	)	$	(17,874	)	7.1		7.4

Exhibit 99.1



Group 1 Automotive, Inc.
Additional Information - Consolidated
(Unaudited)
(Dollars in thousands, except per unit amounts)
	Nine Months Ended September 30,
	2018		2017			% Increase/(Decrease)		Constant Currency ⁽¹⁾ % Increase/(Decrease)
REVENUES:
New vehicle retail sales	$	4,608,658	$	4,496,222		2.5		1.9
Used vehicle retail sales	2,394,828		2,089,914			14.6		13.5
Used vehicle wholesale sales	283,453		308,361			(8.1	)	(9.9	)
Total used	2,678,281		2,398,275			11.7		10.5
Parts and service	1,062,145		994,522			6.8		6.4
Finance, insurance and other, net	343,462		314,297			9.3		8.8
Total	$	8,692,546	$	8,203,316		6.0		5.2
GROSS MARGIN %:
New vehicle retail sales	5.0		5.2
Used vehicle retail sales	6.0		6.6
Used vehicle wholesale sales	0.6		(0.1		)
Total used	5.5		5.7
Parts and service	54.0		53.9
Finance, insurance and other, net	100.0		100.0
Total	14.9		14.9
GROSS PROFIT:
New vehicle retail sales	$	229,611	$	232,470		(1.2	)	(1.5	)
Used vehicle retail sales	144,864		137,041			5.7		4.9
Used vehicle wholesale sales	1,582		(352		)	549.4		581.5
Total used	146,446		136,689			7.1		6.4
Parts and service	573,508		536,378			6.9		6.4
Finance, insurance and other, net	343,462		314,297			9.3		8.8
Total	$	1,293,027	$	1,219,834		6.0		5.5
UNITS SOLD:
Retail new vehicles sold	128,245		127,487			0.6
Retail used vehicles sold	111,900		97,918			14.3
Wholesale used vehicles sold	41,798		43,571			(4.1	)
Total used	153,698		141,489			8.6
AVERAGE RETAIL SALES PRICE:
New vehicle retail	$	35,936	$	35,268		1.9		1.3
Used vehicle retail	$	21,402	$	21,344		0.3		(0.7	)
GROSS PROFIT PER UNIT SOLD:
New vehicle retail sales	$	1,790	$	1,823		(1.8	)	(2.1	)
Used vehicle retail sales	1,295		1,400			(7.5	)	(8.2	)
Used vehicle wholesale sales	38		(8		)	575.0		601.9
Total used	953		966			(1.3	)	(2.1	)
Finance, insurance and other, net (per retail unit)	$	1,430	$	1,394		2.6		2.2
OTHER:
Adjusted Finance, insurance and other revenue, net ^{(1), (2)}	$	343,462	$	320,847		7.0		6.6
Adjusted Total revenue ⁽¹⁾	$	8,692,546	$	8,209,866		5.9		5.1
Adjusted Total gross profit ⁽¹⁾	$	1,293,027	$	1,226,384		5.4		4.9
Adjusted Total gross margin ⁽¹⁾	14.9		14.9
Adjusted Finance, insurance and other, net (per retail unit) ⁽¹⁾	$	1,430	$	1,423		0.5		0.1
SG&A expenses	$	949,210	$	916,674		3.5		3.1
Adjusted SG&A expenses ⁽¹⁾	$	964,637	$	907,909		6.2		5.7
SG&A as % revenues	10.9		11.2
Adjusted SG&A as % revenues⁽¹⁾	11.1		11.1
SG&A as % gross profit	73.4		75.1
Adjusted SG&A as % gross profit ⁽¹⁾	74.6		74.0
Operating margin %	3.1		3.1
Adjusted operating margin % ⁽¹⁾	3.2		3.4
Pretax margin %	1.9		2.0
Adjusted pretax margin % ⁽¹⁾	2.0		2.3

Exhibit 99.1



INTEREST EXPENSE:
Floorplan interest expense	$	(43,335	)	$	(38,659	)	12.1		11.7
Floorplan assistance	34,516			35,745			(3.4	)	(3.6	)
Net floorplan expense	$	(8,819	)	$	(2,914	)	202.6		198.3
Other interest expense, net	$	(57,374	)	$	(52,188	)	9.9		9.6

Exhibit 99.1



Group 1 Automotive, Inc.
Additional Information - Same Store U.S. ⁽¹⁾
(Unaudited)
(Dollars in thousands, except per unit amounts)

	Three Months Ended September 30,
	2018		2017			% Increase/(Decrease)
REVENUES:
New vehicle retail sales	$	1,168,356	$	1,277,933		(8.6	)
Used vehicle retail sales	556,910		552,925			0.7
Used vehicle wholesale sales	39,451		61,896			(36.3	)
Total used	596,361		614,821			(3.0	)
Parts and service	285,334		279,191			2.2
Finance, insurance and other, net	98,868		95,016			4.1
Total	$	2,148,919	$	2,266,961		(5.2	)
GROSS MARGIN %:
New vehicle retail sales	4.8		5.1
Used vehicle retail sales	6.6		6.7
Used vehicle wholesale sales	1.0		(0.2		)
Total used	6.2		6.0
Parts and service	53.9		53.8
Finance, insurance and other, net	100.0		100.0
Total	16.1		15.3
GROSS PROFIT:
New vehicle retail sales	$	55,745	$	65,518		(14.9	)
Used vehicle retail sales	36,505		37,316			(2.2	)
Used vehicle wholesale sales	409		(130		)	414.6
Total used	36,914		37,186			(0.7	)
Parts and service	153,657		150,073			2.4
Finance, insurance and other, net	98,868		95,016			4.1
Total	$	345,184	$	347,793		(0.8	)
UNITS SOLD:
Retail new vehicles sold	31,275		34,860			(10.3	)
Retail used vehicles sold	27,406		25,980			5.5
Wholesale used vehicles sold	6,932		9,638			(28.1	)
Total used	34,338		35,618			(3.6	)
AVERAGE RETAIL SALES PRICE:
New vehicle retail	$	37,358	$	36,659		1.9
Used vehicle retail	$	20,321	$	21,283		(4.5	)
GROSS PROFIT PER UNIT SOLD:
New vehicle retail sales	$	1,782	$	1,879		(5.2	)
Used vehicle retail sales	1,332		1,436			(7.2	)
Used vehicle wholesale sales	59		(13		)	553.8
Total used	1,075		1,044			3.0
Finance, insurance and other, net (per retail unit)	$	1,685	$	1,562		7.9

Exhibit 99.1



OTHER:
Adjusted Finance, insurance and other revenue, net ^{(2), (3)}	$	98,868	$	101,566	(2.7	)
Adjusted Total revenue ⁽²⁾	$	2,148,919	$	2,273,511	(5.5	)
Adjusted Total gross profit ⁽²⁾	$	345,184	$	354,343	(2.6	)
Adjusted Total gross margin ⁽²⁾	16.1		15.6		—
Adjusted Finance, insurance and other, net (per retail unit) ⁽²⁾	$	1,685	$	1,669	1.0
SG&A expenses	$	239,268	$	257,330	(7.0	)
Adjusted SG&A expenses ⁽²⁾	$	243,036	$	247,663	(1.9	)
SG&A as % revenues	11.1		11.4
Adjusted SG&A as % revenues ⁽²⁾	11.3		10.9
SG&A as % gross profit	69.3		74.0
Adjusted SG&A as % gross profit ⁽²⁾	70.4		69.9
Operating margin %	3.3		3.0
Adjusted operating margin % ⁽²⁾	4.1		4.2

⁽¹⁾ Same Store amounts include the results for the identical months in each period presented in the comparison, commencing with the first full month we owned the dealership and, in the case of dispositions, ending with the last full month we owned it. Same Store results also include the activities of our corporate office.

⁽²⁾ See the section of this release entitled "Non-GAAP Financial Measures" and the tables attached hereto for information regarding certain selected items that the Company believes impact comparability of financial results between reporting periods, as well as for information regarding non-GAAP financial measures and their reconciliation to the most directly comparable measures as reported in accordance with U.S. GAAP.

⁽³⁾ Finance, insurance and other revenue represents fees earned for the financing of vehicle sales transactions and from the sale of insurance and vehicle service contracts. Such amounts are reported net of estimated amounts to be charged back in the future. As a result, finance, insurance and other revenue and gross profit are the same.

Exhibit 99.1



Group 1 Automotive, Inc.
Additional Information - Same Store U.S. ⁽¹⁾
(Unaudited)
(Dollars in thousands, except per unit amounts)

	Nine Months Ended September 30,
	2018		2017			% Increase/(Decrease)
REVENUES:
New vehicle retail sales	$	3,357,715	$	3,435,980		(2.3	)
Used vehicle retail sales	1,690,460		1,609,804			5.0
Used vehicle wholesale sales	133,389		198,628			(32.8	)
Total used	1,823,849		1,808,432			0.9
Parts and service	850,231		831,905			2.2
Finance, insurance and other, net	288,317		274,338			5.1
Total	$	6,320,112	$	6,350,655		(0.5	)
GROSS MARGIN %:
New vehicle retail sales	4.8		5.0
Used vehicle retail sales	6.3		7.0
Used vehicle wholesale sales	2.5		(0.1		)
Total used	6.1		6.2
Parts and service	53.7		53.8
Finance, insurance and other, net	100.0		100.0
Total	16.1		15.9
GROSS PROFIT:
New vehicle retail sales	$	162,465	$	173,509		(6.4	)
Used vehicle retail sales	107,251		111,896			(4.2	)
Used vehicle wholesale sales	3,395		(220		)	1,643.2
Total used	110,646		111,676			(0.9	)
Parts and service	456,654		447,420			2.1
Finance, insurance and other, net	288,317		274,338			5.1
Total	$	1,018,082	$	1,006,943		1.1
UNITS SOLD:
Retail new vehicles sold	89,255		93,088			(4.1	)
Retail used vehicles sold	82,235		76,078			8.1
Wholesale used vehicles sold	23,288		29,300			(20.5	)
Total used	105,523		105,378			0.1
AVERAGE RETAIL SALES PRICE:
New vehicle retail	$	37,619	$	36,911		1.9
Used vehicle retail	$	20,556	$	21,160		(2.9	)
GROSS PROFIT PER UNIT SOLD:
New vehicle retail sales	$	1,820	$	1,864		(2.4	)
Used vehicle retail sales	1,304		1,471			(11.4	)
Used vehicle wholesale sales	146		(8		)	1,925.0
Total used	1,049		1,060			(1.0	)

Finance, insurance and other, net (per retail unit)	$	1,681	$	1,622		3.6

Exhibit 99.1



OTHER:
Adjusted Finance, insurance and other revenue, net ^{(2), (3)}	$	288,317	$	280,888	2.6
Adjusted Total revenue ⁽²⁾	$	6,320,112	$	6,357,205	(0.6	)
Adjusted Total gross profit ⁽²⁾	$	1,018,082	$	1,013,493	0.5
Adjusted Total gross margin ⁽²⁾	16.1		15.9
Adjusted Finance, insurance and other, net (per retail unit) ⁽²⁾	$	1,681	$	1,660	1.3
SG&A expenses	$	735,914	$	735,942	—
Adjusted SG&A expenses ⁽²⁾	$	731,870	$	727,465	0.6
SG&A as % revenues	11.6		11.6
Adjusted SG&A as % revenues ⁽²⁾	11.6		11.4
SG&A as % gross profit	72.3		73.1
Adjusted SG&A as % gross profit ⁽²⁾	71.9		71.8
Operating margin %	3.4		3.6
Adjusted operating margin % ⁽²⁾	3.9		3.9

Exhibit 99.1



Group 1 Automotive, Inc.
Additional Information - Same Store U.K. ⁽¹⁾
(Unaudited)
(Dollars in thousands, except per unit amounts)

	Three Months Ended September 30,
	2018			2017			% Increase/(Decrease)		Constant Currency ⁽²⁾ % Increase/(Decrease)
REVENUES:
New vehicle retail sales	$	236,127		$	319,782		(26.2	)	(25.3	)
Used vehicle retail sales	166,503			146,611			13.6		14.3
Used vehicle wholesale sales	36,763			35,808			2.7		3.4
Total used	203,266			182,419			11.4		12.2
Parts and service	46,187			43,851			5.3		5.9
Finance, insurance and other, net	10,809			11,706			(7.7	)	(6.7	)
Total	$	496,389		$	557,758		(11.0	)	(10.1	)
GROSS MARGIN %:
New vehicle retail sales	5.6			5.2
Used vehicle retail sales	5.4			5.0
Used vehicle wholesale sales	(1.7		)	(0.8		)
Total used	4.1			3.9
Parts and service	55.6			57.5
Finance, insurance and other, net	100.0			100.0
Total	11.7			10.9
GROSS PROFIT:
New vehicle retail sales	$	13,224		$	16,625		(20.5	)	(19.3	)
Used vehicle retail sales	8,918			7,384			20.8		21.5
Used vehicle wholesale sales	(623		)	(280		)	(122.5	)	(117.2	)
Total used	8,295			7,104			16.8		17.7
Parts and service	25,701			25,208			2.0		2.6
Finance, insurance and other, net	10,809			11,706			(7.7	)	(6.7	)
Total	$	58,029		$	60,643		(4.3	)	(3.4	)
UNITS SOLD:
Retail new vehicles sold	8,121			10,341			(21.5	)
Retail used vehicles sold	6,982			6,483			7.7
Wholesale used vehicles sold	4,697			4,594			2.2
Total used	11,679			11,077			5.4
AVERAGE RETAIL SALES PRICE:
New vehicle retail	$	29,076		$	30,924		(6.0	)	(4.9	)
Used vehicle retail	$	23,847		$	22,615		5.4		6.1
GROSS PROFIT PER UNIT SOLD:
New vehicle retail sales	$	1,628		$	1,608		1.2		2.8
Used vehicle retail sales	1,277			1,139			12.1		12.8
Used vehicle wholesale sales	(133		)	(61		)	(118.0	)	(112.4	)
Total used	710			641			10.8		11.7
Finance, insurance and other, net (per retail unit)	$	716		$	696		2.9		3.9
OTHER:
SG&A expenses	$	50,901		$	49,651		2.5		3.2
SG&A as % revenues	10.3			8.9
SG&A as % gross profit	87.7			81.9
Operating margin %	0.9			1.6

Exhibit 99.1



Group 1 Automotive, Inc.
Additional Information - Same Store U.K. ⁽¹⁾
(Unaudited)
(Dollars in thousands, except per unit amounts)

	Nine Months Ended September 30,
	2018			2017			% Increase/(Decrease)		Constant Currency ⁽²⁾ % Increase/(Decrease)
REVENUES:
New vehicle retail sales	$	760,304		$	806,364		(5.7	)	(10.8	)
Used vehicle retail sales	462,087			388,892			18.8		12.7
Used vehicle wholesale sales	107,775			96,470			11.7		5.7
Total used	569,862			485,362			17.4		11.3
Parts and service	130,198			117,105			11.2		5.3
Finance, insurance and other, net	33,339			30,413			9.6		4.0
Total	$	1,493,703		$	1,439,244		3.8		(1.7	)
GROSS MARGIN %:
New vehicle retail sales	5.4			5.5
Used vehicle retail sales	5.1			5.0
Used vehicle wholesale sales	(1.5		)	(0.8		)
Total used	3.9			3.8
Parts and service	56.9			57.7
Finance, insurance and other, net	100.0			100.0
Total	11.4			11.2
GROSS PROFIT:
New vehicle retail sales	$	41,058		$	44,623		(8.0	)	(12.7	)
Used vehicle retail sales	23,563			19,404			21.4		15.1
Used vehicle wholesale sales	(1,601		)	(764		)	(109.6	)	(102.7	)
Total used	21,962			18,640			17.8		11.5
Parts and service	74,110			67,596			9.6		3.9
Finance, insurance and other, net	33,339			30,413			9.6		4.0
Total	$	170,469		$	161,272		5.7		0.2
UNITS SOLD:
Retail new vehicles sold	24,507			27,057			(9.4	)
Retail used vehicles sold	18,844			17,819			5.8
Wholesale used vehicles sold	13,517			12,840			5.3
Total used	32,361			30,659			5.6
AVERAGE RETAIL SALES PRICE:
New vehicle retail	$	31,024		$	29,802		4.1		(1.5	)
Used vehicle retail	$	24,522		$	21,825		12.4		6.5
GROSS PROFIT PER UNIT SOLD:
New vehicle retail sales	$	1,675		$	1,649		1.6		(3.7	)
Used vehicle retail sales	1,250			1,089			14.8		8.9
Used vehicle wholesale sales	(118		)	(60		)	(96.7	)	(92.5	)
Total used	679			608			11.7		5.7
Finance, insurance and other, net (per retail unit)	$	769		$	678		13.4		7.7
OTHER:
SG&A expenses	$	144,035		$	132,667		8.6		2.8
Adjusted SG&A expenses ⁽²⁾	$	144,035		$	132,379		8.8		3.0
SG&A as % revenues	9.6			9.2
Adjusted SG&A as % revenues ⁽²⁾	9.6			9.2
SG&A as % gross profit	84.5			82.3
Adjusted SG&A as % gross profit ⁽²⁾	84.5			82.1
Operating margin %	1.3			1.6
Adjusted operating margin % ⁽²⁾	1.3			1.6

⁽²⁾ See the section of this release entitled "Non-GAAP Financial Measures " and the tables attached hereto for information regarding certain selected items that the Company believes impact comparability of financial results between reporting periods, as well as for information regarding non-GAAP financial measures and their reconciliation to the most directly comparable measures as reported in accordance with U.S. GAAP.

Exhibit 99.1



Group 1 Automotive, Inc.
Additional Information - Same Store Brazil ⁽¹⁾
(Unaudited)
(Dollars in thousands, except per unit amounts)

	Three Months Ended September 30,
	2018			2017		% Increase/(Decrease)		Constant Currency ⁽²⁾ % Increase/(Decrease)
REVENUES:
New vehicle retail sales	$	59,951		$	79,203	(24.3	)	(5.5	)
Used vehicle retail sales	19,679			22,930		(14.2	)	6.7
Used vehicle wholesale sales	3,957			2,818		40.4		76.1
Total used	23,636			25,748		(8.2	)	14.3
Parts and service	10,802			12,495		(13.5	)	7.6
Finance, insurance and other, net	2,029			2,162		(6.2	)	17.2
Total	$	96,418		$	119,608	(19.4	)	0.5
GROSS MARGIN %:
New vehicle retail sales	8.2			5.7
Used vehicle retail sales	6.5			7.4
Used vehicle wholesale sales	3.9			7.7
Total used	6.1			7.4
Parts and service	44.3			45.5
Finance, insurance and other, net	100.0			100.0
Total	13.7			11.9
GROSS PROFIT:
New vehicle retail sales	$	4,930		$	4,505	9.4		36.4
Used vehicle retail sales	1,283			1,693		(24.2	)	(6.1	)
Used vehicle wholesale sales	155			216		(28.2	)	(10.2	)
Total used	1,438			1,909		(24.7	)	(6.6	)
Parts and service	4,787			5,681		(15.7	)	4.9
Finance, insurance and other, net	2,029			2,162		(6.2	)	17.2
Total	$	13,184		$	14,257	(7.5	)	15.2
UNITS SOLD:
Retail new vehicles sold	1,986			2,179		(8.9	)
Retail used vehicles sold	1,027			1,034		(0.7	)
Wholesale used vehicles sold	359			242		48.3
Total used	1,386			1,276		8.6
AVERAGE RETAIL SALES PRICE:
New vehicle retail	$	30,187		$	36,348	(17.0	)	3.6
Used vehicle retail	$	19,162		$	22,176	(13.6	)	7.4
GROSS PROFIT PER UNIT SOLD:
New vehicle retail sales	$	2,482		$	2,067	20.1		49.7
Used vehicle retail sales	1,249			1,637		(23.7	)	(5.5	)
Used vehicle wholesale sales	432			893		(51.6	)	(39.4	)
Total used	1,038			1,496		(30.6	)	(14.0	)
Finance, insurance and other, net (per retail unit)	$	673		$	673	—		25.0
OTHER:
SG&A expenses	$	13,725		$	12,794	7.3		34.8
Adjusted SG&A expenses ⁽²⁾	$	11,218		$	12,794	(12.3	)	9.4
SG&A as % revenues	14.2			10.7
Adjusted SG&A as % revenues⁽²⁾	11.6			10.7
SG&A as % gross profit	104.1			89.7
Adjusted SG&A as % gross profit ⁽²⁾	85.1			89.7
Operating margin %	(0.9		)	0.9
Adjusted operating margin % ⁽²⁾	1.7			0.9

Exhibit 99.1



Group 1 Automotive, Inc.
Additional Information - Same Store Brazil ⁽¹⁾
(Unaudited)
(Dollars in thousands, except per unit amounts)

	Nine Months Ended September 30,
	2018		2017		% Increase/(Decrease)		Constant Currency⁽²⁾ % Increase/(Decrease)
REVENUES:
New vehicle retail sales	$	196,338	$	210,873	(6.9	)	4.9
Used vehicle retail sales	65,139		66,081		(1.4	)	10.8
Used vehicle wholesale sales	11,345		8,357		35.8		55.2
Total used	76,484		74,438		2.7		15.8
Parts and service	33,593		35,480		(5.3	)	6.8
Finance, insurance and other, net	5,868		6,043		(2.9	)	10.4
Total	$	312,283	$	326,834	(4.5	)	7.7
GROSS MARGIN %:
New vehicle retail sales	6.6		5.8
Used vehicle retail sales	6.2		7.3
Used vehicle wholesale sales	3.3		8.0
Total used	5.7		7.4
Parts and service	44.6		45.6
Finance, insurance and other, net	100.0		100.0
Total	12.2		12.2
GROSS PROFIT:
New vehicle retail sales	$	12,879	$	12,193	5.6		20.6
Used vehicle retail sales	4,011		4,821		(16.8	)	(6.3	)
Used vehicle wholesale sales	372		669		(44.4	)	(37.7	)
Total used	4,383		5,490		(20.2	)	(10.1	)
Parts and service	14,990		16,180		(7.4	)	4.4
Finance, insurance and other, net	5,868		6,043		(2.9	)	10.4
Total	$	38,120	$	39,906	(4.5	)	8.3
UNITS SOLD:
Retail new vehicles sold	6,116		6,035		1.3
Retail used vehicles sold	3,094		3,003		3.0
Wholesale used vehicles sold	1,030		748		37.7
Total used	4,124		3,751		9.9
AVERAGE RETAIL SALES PRICE:
New vehicle retail	$	32,102	$	34,942	(8.1	)	3.5
Used vehicle retail	$	21,053	$	22,005	(4.3	)	7.6
GROSS PROFIT PER UNIT SOLD:
New vehicle retail sales	$	2,106	$	2,020	4.3		19.0
Used vehicle retail sales	1,296		1,605		(19.3	)	(9.1	)
Used vehicle wholesale sales	361		894		(59.6	)	(54.7	)
Total used	1,063		1,464		(27.4	)	(18.3	)
Finance, insurance and other, net (per retail unit)	$	637	$	669	(4.8	)	8.4
OTHER:
SG&A expenses	$	36,578	$	36,139	1.2		15.7
Adjusted SG&A expenses ⁽²⁾	$	33,644	$	36,139	(6.9	)	5.3
SG&A as % revenues	11.7		11.1
Adjusted SG&A as % revenues ⁽²⁾	10.8		11.1
SG&A as % gross profit	96.0		90.6
Adjusted SG&A as % gross profit ⁽²⁾	88.3		90.6
Operating margin %	0.1		0.8
Adjusted operating margin % ⁽²⁾	1.0		0.8

Exhibit 99.1



Group 1 Automotive, Inc.
Additional Information - Same Store Consolidated ⁽¹⁾
(Unaudited)
(Dollars in thousands, except per unit amounts)

	Three Months Ended September 30,
	2018			2017			% Increase/(Decrease)		Constant Currency ⁽²⁾% Increase/(Decrease)
REVENUES:
New vehicle retail sales	$	1,464,434		$	1,676,918		(12.7	)	(11.6	)
Used vehicle retail sales	743,092			722,466			2.9		3.7
Used vehicle wholesale sales	80,171			100,522			(20.2	)	(19.0	)
Total used	823,263			822,988			—		0.9
Parts and service	342,323			335,537			2.0		2.9
Finance, insurance and other, net	111,706			108,884			2.6		3.2
Total	$	2,741,726		$	2,944,327		(6.9	)	(5.9	)
GROSS MARGIN %:
New vehicle retail sales	5.0			5.2
Used vehicle retail sales	6.3			6.4
Used vehicle wholesale sales	(0.1		)	(0.2		)
Total used	5.7			5.6
Parts and service	53.8			53.9
Finance, insurance and other, net	100.0			100.0
Total	15.2			14.4
GROSS PROFIT:
New vehicle retail sales	$	73,899		$	86,648		(14.7	)	(13.1	)
Used vehicle retail sales	46,706			46,393			0.7		1.5
Used vehicle wholesale sales	(59		)	(194		)	69.6		97.7
Total used	46,647			46,199			1.0		1.9
Parts and service	184,145			180,962			1.8		2.5
Finance, insurance and other, net	111,706			108,884			2.6		3.2
Total	$	416,397		$	422,693		(1.5	)	(0.6	)
UNITS SOLD:
Retail new vehicles sold	41,382			47,380			(12.7	)
Retail used vehicles sold	35,415			33,497			5.7
Wholesale used vehicles sold	11,988			14,474			(17.2	)
Total used	47,403			47,971			(1.2	)
AVERAGE RETAIL SALES PRICE:
New vehicle retail	$	35,388		$	35,393		—		1.2
Used vehicle retail	$	20,982		$	21,568		(2.7	)	(1.9	)
GROSS PROFIT PER UNIT SOLD:
New vehicle retail sales	$	1,786		$	1,829		(2.4	)	(0.5	)
Used vehicle retail sales	1,319			1,385			(4.8	)	(4.0	)
Used vehicle wholesale sales	(5		)	(13		)	61.5		97.3
Total used	984			963			2.2		3.1
Finance, insurance and other, net (per retail unit)	$	1,455		$	1,346		8.1		8.6

Exhibit 99.1



OTHER:
Adjusted Finance, insurance and other revenue, net^{(2), (3)}	$	111,706	$	115,434	(3.2	)	(2.7	)
Adjusted Total revenue ⁽²⁾	$	2,741,726	$	2,950,877	(7.1	)	(6.1	)
Adjusted Total gross profit ⁽²⁾	$	416,397	$	429,243	(3.0	)	(2.1	)
Adjusted Total gross margin ⁽²⁾	15.2		14.5
Adjusted Finance, insurance and other, net (per retail unit)⁽²⁾	$	1,455	$	1,427	2.0		2.5
SG&A expenses	$	303,894	$	319,775	(5.0	)	(3.8	)
Adjusted SG&A expenses ⁽²⁾	$	305,155	$	310,108	(1.6	)	(0.6	)
SG&A as % revenues	11.1		10.9
Adjusted SG&A as % revenues ⁽²⁾	11.1		10.5
SG&A as % gross profit	73.0		75.7
Adjusted SG&A as % gross profit ⁽²⁾	73.3		72.2
Operating margin %	2.7		2.7
Adjusted operating margin % ⁽²⁾	3.5		3.5

⁽²⁾ See the section of this release entitled "Non-GAAP Financial Measures " and the tables attached hereto for information regarding certain selected items that the Company believes impact comparability of financial results between reporting periods, as well as for information regarding non-GAAP financial measures and their reconciliation to the most directly comparable measures as reported in accordance with U.S. GAAP.

Exhibit 99.1



Group 1 Automotive, Inc.
Additional Information - Same Store Consolidated ⁽¹⁾
(Unaudited)
(Dollars in thousands, except per unit amounts)

	Nine Months Ended September 30,
	2018		2017			% Increase/ (Decrease)		Constant Currency⁽²⁾ % Increase/(Decrease)
REVENUES:
New vehicle retail sales	$	4,314,357	$	4,453,217		(3.1	)	(3.5	)
Used vehicle retail sales	2,217,686		2,064,777			7.4		6.6
Used vehicle wholesale sales	252,509		303,455			(16.8	)	(18.2	)
Total used	2,470,195		2,368,232			4.3		3.5
Parts and service	1,014,022		984,490			3.0		2.7
Finance, insurance and other, net	327,524		310,794			5.4		5.1
Total	$	8,126,098	$	8,116,733		0.1		(0.4	)
GROSS MARGIN %:
New vehicle retail sales	5.0		5.2
Used vehicle retail sales	6.1		6.6
Used vehicle wholesale sales	0.9		(0.1		)
Total used	5.5		5.7
Parts and service	53.8		54.0
Finance, insurance and other, net	100.0		100.0
Total	15.1		14.9
GROSS PROFIT:
New vehicle retail sales	$	216,402	$	230,325		(6.0	)	(6.2	)
Used vehicle retail sales	134,825		136,121			(1.0	)	(1.5	)
Used vehicle wholesale sales	2,166		(315		)	787.6		819.3
Total used	136,991		135,806			0.9		0.4
Parts and service	545,754		531,196			2.7		2.4
Finance, insurance and other, net	327,524		310,794			5.4		5.1
Total	$	1,226,671	$	1,208,121		1.5		1.2
UNITS SOLD:
Retail new vehicles sold	119,878		126,180			(5.0	)
Retail used vehicles sold	104,173		96,900			7.5
Wholesale used vehicles sold	37,835		42,888			(11.8	)
Total used	142,008		139,788			1.6
AVERAGE RETAIL SALES PRICE:
New vehicle retail	$	35,990	$	35,293		2.0		1.6
Used vehicle retail	$	21,288	$	21,308		(0.1	)	(0.8	)
GROSS PROFIT PER UNIT SOLD:
New vehicle retail sales	$	1,805	$	1,825		(1.1	)	(1.2	)
Used vehicle retail sales	1,294		1,405			(7.9	)	(8.4	)
Used vehicle wholesale sales	57		(7		)	914.3		915.3
Total used	965		972			(0.7	)	(1.2	)
Finance, insurance and other, net (per retail unit)	$	1,462	$	1,393		5.0		4.6

Exhibit 99.1



OTHER:
Adjusted Finance, insurance and other revenue, net ^{(2), (3)}	$	327,524	$	317,344	3.2	2.9
Adjusted Total revenue ⁽²⁾	$	8,126,098	$	8,123,283	—	(0.4	)
Adjusted Total gross profit ⁽²⁾	$	1,226,671	$	1,214,671	1.0	0.7
Adjusted Total gross margin ⁽²⁾	15.1		15.0
Adjusted Finance, insurance and other, net (per retail unit) ⁽²⁾	$	1,462	$	1,423	2.7	2.5
SG&A expenses	$	916,527	$	904,748	1.3	1.0
Adjusted SG&A expenses⁽²⁾	$	909,549	$	895,983	1.5	1.2
SG&A as % revenues	11.3		11.1
Adjusted SG&A as % revenues⁽²⁾	11.2		11.0
SG&A as % gross profit	74.7		74.9
Adjusted SG&A as % gross profit ⁽²⁾	74.1		73.8
Operating margin %	2.9		3.1
Adjusted operating margin % ⁽²⁾	3.3		3.4

⁽²⁾ See the section of this release entitled "Non-GAAP Financial Measures " and the tables attached hereto for information regarding certain selected items that the Company believes impact comparability of financial results between reporting periods, as well as for information regarding non-GAAP financial measures and their reconciliation to the most directly comparable measures as reported in accordance with U.S. GAAP.

Exhibit 99.1



Group 1 Automotive, Inc.
Reconciliation of Certain Non-GAAP Financial Measures - U.S.
(Unaudited)
(Dollars in thousands)

		Three Months Ended September 30,
		2018		2017			% Increase/ (Decrease)
FINANCE, INSURANCE AND OTHER REVENUE, NET RECONCILIATION:
	As reported	$	101,610	$	96,383		5.4
	Pre-tax adjustments:
	Catastrophic events	—		6,550
	Adjusted Finance, insurance and other revenue, net ⁽¹⁾	$	101,610	$	102,933		(1.3	)
TOTAL REVENUES RECONCILIATION:
	As reported	$	2,200,230	$	2,301,959		(4.4	)
	Pre-tax adjustments:
	Catastrophic events	—		6,550
	Adjusted Total Revenues ⁽¹⁾	$	2,200,230	$	2,308,509		(4.7	)
TOTAL GROSS PROFIT RECONCILIATION:
	As reported	$	352,471	$	353,567		(0.3	)
	Pre-tax adjustments:
	Catastrophic events	—		6,550
	Adjusted Total Gross Profit ⁽¹⁾	$	352,471	$	360,117		(2.1	)
SG&A RECONCILIATION:
	As reported	$	242,210	$	261,787		(7.5	)
	Pre-tax adjustments:
	Catastrophic events	—		(8,149		)
	Gain (loss) on real estate and dealership transactions	5,394		(798		)
	Legal settlements	1,396		(720		)
	Adjusted SG&A ⁽¹⁾	$	249,000	$	252,120		(1.2	)
TOTAL GROSS MARGIN %:
	Unadjusted	16.0		15.4
	Adjusted ⁽¹⁾	16.0		15.6
FINANCE, INSURANCE AND OTHER, NET (PER RETAIL UNIT):
	Unadjusted	$	1,688	$	1,566		7.8
	Adjusted ⁽¹⁾	$	1,688	$	1,673		0.9
SG&A AS % REVENUES:
	Unadjusted	11.0		11.4
	Adjusted ⁽¹⁾	11.3		11.0
SG&A AS % GROSS PROFIT:
	Unadjusted	68.7		74.0
	Adjusted ⁽¹⁾	70.6		70.0
OPERATING MARGIN %:
	Unadjusted	3.3		3.0
	Adjusted ^{(1), (2)}	4.1		4.1
PRETAX MARGIN %:
	Unadjusted	2.0		1.8
	Adjusted ^{(1), (2)}	2.7		2.9

Exhibit 99.1



SAME STORE FINANCE, INSURANCE AND OTHER REVENUE, NET RECONCILIATION:
	As reported	$	98,868	$	95,016		4.1
	Pre-tax adjustments:
	Catastrophic events	—		6,550
	Adjusted Finance, insurance and other revenue, net ⁽¹⁾	$	98,868	$	101,566		(2.7	)
SAME STORE TOTAL REVENUES RECONCILIATION:
	As reported	$	2,148,919	$	2,266,961		(5.2	)
	Pre-tax adjustments:
	Catastrophic events	—		6,550
	Adjusted Total Revenues ⁽¹⁾	$	2,148,919	$	2,273,511		(5.5	)
SAME STORE TOTAL GROSS PROFIT RECONCILIATION:
	As reported	$	345,184	$	347,793		(0.8	)
	Pre-tax adjustments:
	Catastrophic events	—		6,550
	Adjusted Total Gross Profit ⁽¹⁾	$	345,184	$	354,343		(2.6	)
SAME STORE SG&A RECONCILIATION:
	As reported	$	239,268	$	257,330		(7.0	)
	Pre-tax adjustments:
	Catastrophic events	—		(8,149		)
	Gain (loss) on real estate and dealership transactions	2,372		(798		)
	Legal settlements	1,396		(720		)
	Adjusted Same Store SG&A ⁽¹⁾	$	243,036	$	247,663		(1.9	)
SAME STORE TOTAL GROSS MARGIN %:
	Unadjusted	16.1		15.3
	Adjusted ⁽¹⁾	16.1		15.6
SAME STORE FINANCE, INSURANCE AND OTHER, NET (PER RETAIL UNIT):
	Unadjusted	$	1,685	$	1,562		7.9
	Adjusted ⁽¹⁾	$	1,685	$	1,669		1.0
SAME STORE SG&A AS % REVENUES:
	Unadjusted	11.1		11.4
	Adjusted ⁽¹⁾	11.3		10.9
SAME STORE SG&A AS % GROSS PROFIT:
	Unadjusted	69.3		74.0
	Adjusted ⁽¹⁾	70.4		69.9
SAME STORE OPERATING MARGIN %:
	Unadjusted	3.3		3.0
	Adjusted^{(1), (3)}	4.1		4.2

⁽¹⁾See the section of this release entitled "Non-GAAP Financial Measures" for information regarding non-GAAP financial measures and certain selected items that the Company believes impact comparability of financial results between reporting periods.

⁽²⁾ Excludes the impact of SG&A reconciling items above, as well as non-cash asset impairment charges of $23,159 for the three months ended September 30, 2018 and $9,526 for the three months ended September 30, 2017.

⁽³⁾Excludes the impact of Same Store SG&A reconciling items above, as well as non-cash asset impairment charges of $22,161 for the three months ended September 30, 2018 and $9,526 for the three months ended September 30, 2017.

Exhibit 99.1



Group 1 Automotive, Inc.
Reconciliation of Certain Non-GAAP Financial Measures - U.S.
(Unaudited)
(Dollars in thousands)
		Nine Months Ended September 30,
		2018			2017			% Increase/ (Decrease)
FINANCE, INSURANCE AND OTHER REVENUE, NET RECONCILIATION:
	As reported	$	295,239		$	276,754		6.7
	Pre-tax adjustments:
	Catastrophic events	—			6,550
	Adjusted Finance, insurance and other revenue, net ⁽¹⁾	$	295,239		$	283,304		4.2
TOTAL REVENUES RECONCILIATION:
	As reported	$	6,456,717		$	6,393,368		1.0
	Pre-tax adjustments:
	Catastrophic events	—			6,550
	Adjusted Total Revenues ⁽¹⁾	$	6,456,717		$	6,399,918		0.9
TOTAL GROSS PROFIT RECONCILIATION:
	As reported	$	1,038,826		$	1,014,636		2.4
	Pre-tax adjustments:
	Catastrophic events	—			6,550
	Adjusted Total Gross Profit ⁽¹⁾	$	1,038,826		$	1,021,186		1.7
SG&A RECONCILIATION:
	As reported	$	729,430		$	741,904		(1.7	)
	Pre-tax adjustments:
	Catastrophic events	(5,812		)	(8,792		)
	Gain (loss) on real estate and dealership transactions	25,513			(798		)
	Legal settlements	(604		)	1,113
	Adjusted SG&A ⁽¹⁾	$	748,527		$	733,427		2.1
TOTAL GROSS MARGIN %:
	Unadjusted	16.1			15.9
	Adjusted ⁽¹⁾	16.1			16.0
FINANCE, INSURANCE AND OTHER, NET (PER RETAIL UNIT):
	Unadjusted	$	1,687		$	1,628		3.6
	Adjusted ⁽¹⁾	$	1,687		$	1,667		1.2
SG&A AS % REVENUES:
	Unadjusted	11.3			11.6
	Adjusted ⁽¹⁾	11.6			11.5
SG&A AS % OF GROSS PROFIT:
	Unadjusted	70.2			73.1
	Adjusted ⁽¹⁾	72.1			71.8
OPERATING MARGIN %:
	Unadjusted	3.8			3.6
	Adjusted ^{(1), (2)}	3.9			3.9
PRETAX MARGIN %:
	Unadjusted	2.4			2.2
	Adjusted ^{(1), (2)}	2.5			2.6

Exhibit 99.1



SAME STORE FINANCE, INSURANCE AND OTHER REVENUE, NET RECONCILIATION:
	As reported	$	288,317		$	274,338		5.1
	Pre-tax adjustments:
	Catastrophic events	—			6,550
	Adjusted Finance, insurance and other revenue, net ⁽¹⁾	$	288,317		$	280,888		2.6
SAME STORE TOTAL REVENUES RECONCILIATION:
	As reported	$	6,320,112		$	6,350,655		(0.5	)
	Pre-tax adjustments:
	Catastrophic events	—			6,550
	Adjusted Total Revenues ⁽¹⁾	$	6,320,112		$	6,357,205		(0.6	)
SAME STORE TOTAL GROSS PROFIT RECONCILIATION:
	As reported	$	1,018,082		$	1,006,943		1.1
	Pre-tax adjustments:
	Catastrophic events	—			6,550
	Adjusted Total Gross Profit⁽¹⁾	$	1,018,082		$	1,013,493		0.5
SAME STORE SG&A RECONCILIATION:
	As reported	$	735,914		$	735,942		—
	Pre-tax adjustments:
	Catastrophic events	(5,812		)	(8,792		)
	Gain (loss) on real estate and dealership transactions	2,372			(798		)
	Legal settlements	(604		)	1,113
	Adjusted Same Store SG&A ⁽¹⁾	$	731,870		$	727,465		0.6
SAME STORE TOTAL GROSS MARGIN %:
	Unadjusted	16.1			15.9
	Adjusted ⁽¹⁾	16.1			15.9
SAME STORE FINANCE, INSURANCE AND OTHER, NET (PER RETAIL UNIT):
	Unadjusted	$	1,681		$	1,622		3.6
	Adjusted ⁽¹⁾	$	1,681		$	1,660		1.3
SAME STORE SG&A AS % REVENUES:
	Unadjusted	11.6			11.6
	Adjusted ⁽¹⁾	11.6			11.4
SAME STORE SG&A AS % GROSS PROFIT:
	Unadjusted	72.3			73.1
	Adjusted ⁽¹⁾	71.9			71.8
SAME STORE OPERATING MARGIN %:
	Unadjusted	3.4			3.6
	Adjusted ^{(1), (3)}	3.9			3.9

⁽²⁾ Excludes the impact of SG&A reconciling items above, as well as non-cash asset impairment charges of $27,427 for the nine months ended September 30, 2018 and $9,526 for the nine months ended September 30, 2017.

⁽³⁾Excludes the impact of Same Store SG&A reconciling items above, as well as non-cash asset impairment charges of $26,183 for the nine months ended September 30, 2018 and $9,526 for the nine months ended September 30, 2017.

Exhibit 99.1



Group 1 Automotive, Inc.
Reconciliation of Certain Non-GAAP Financial Measures - U.K.
(Unaudited)
(Dollars in thousands)
		Nine Months Ended September 30,
		2018		2017			% Increase/(Decrease)
SG&A RECONCILIATION:
	As reported	$	181,558	$	137,475		32.1
	Pre-tax adjustments:
	Acquisition costs	—		(288		)
	Adjusted SG&A ⁽¹⁾	$	181,558	$	137,187		32.3
SG&A AS % REVENUES:
	Unadjusted	9.5		9.3
	Adjusted ⁽¹⁾	9.5		9.3
SG&A AS % OF GROSS PROFIT:
	Unadjusted	84.5		83.4
	Adjusted ⁽¹⁾	84.5		83.2
OPERATING MARGIN %:
	Unadjusted	1.3		1.5
	Adjusted ⁽¹⁾	1.3		1.5
PRETAX MARGIN %:
	Unadjusted	0.8		1.1
	Adjusted ⁽¹⁾	0.8		1.1
SAME STORE SG&A RECONCILIATION:
	As reported	$	144,035	$	132,667		8.6
	Pre-tax adjustments:
	Acquisition costs	—		(288		)
	Adjusted Same Store SG&A ⁽¹⁾	$	144,035	$	132,379		8.8
SAME STORE SG&A AS % REVENUES:
	Unadjusted	9.6		9.2
	Adjusted ⁽¹⁾	9.6		9.2
SAME STORE SG&A AS % GROSS PROFIT:
	Unadjusted	84.5		82.3
	Adjusted ⁽¹⁾	84.5		82.1
SAME STORE OPERATING MARGIN %:
	Unadjusted	1.3		1.6
	Adjusted ⁽¹⁾	1.3		1.6

Exhibit 99.1



Group 1 Automotive, Inc.
Reconciliation of Certain Non-GAAP Financial Measures - Brazil
(Unaudited)
(Dollars in thousands)
		Three Months Ended September 30,
		2018			2017		% Increase/(Decrease)
SG&A RECONCILIATION:
	As reported	$	14,857		$	13,145	13.0
	Pre-tax adjustments:
	Legal settlements	(3,120		)	—
	Adjusted SG&A⁽¹⁾	$	11,737		$	13,145	(10.7	)
SG&A AS % REVENUES:
	Unadjusted	14.4			11.0
	Adjusted ⁽¹⁾	11.4			11.0
SG&A AS % GROSS PROFIT:
	Unadjusted	106.8			92.2
	Adjusted ⁽¹⁾	84.4			92.2
OPERATING MARGIN %:
	Unadjusted	(1.3		)	0.6
	Adjusted ⁽¹⁾	1.8			0.6
PRETAX MARGIN %:
	Unadjusted	(1.7		)	0.5
	Adjusted ⁽¹⁾	1.4			0.5
SAME STORE SG&A RECONCILIATION:
	As reported	$	13,725		$	12,794	7.3
	Pre-tax adjustments:
	Legal settlements	(2,507		)	—
	Adjusted Same Store SG&A ⁽¹⁾	$	11,218		$	12,794	(12.3	)
SAME STORE SG&A AS % REVENUES:
	Unadjusted	14.2			10.7
	Adjusted ⁽¹⁾	11.6			10.7
SAME STORE SG&A AS % GROSS PROFIT:
	Unadjusted	104.1			89.7
	Adjusted ⁽¹⁾	85.1			89.7
SAME STORE OPERATING MARGIN %:
	Unadjusted	(0.9		)	0.9
	Adjusted ⁽¹⁾	1.7			0.9

Exhibit 99.1



Group 1 Automotive, Inc.
Reconciliation of Certain Non-GAAP Financial Measures - Brazil
(Unaudited)
(Dollars in thousands)

		Nine Months Ended September 30,
		2018			2017		% Increase/ (Decrease)
SG&A RECONCILIATION:
	As reported	$	38,222		$	37,295	2.5
	Pre-tax adjustments:
	Legal settlements	(3,670		)	—
	Adjusted SG&A⁽¹⁾	$	34,552		$	37,295	(7.4	)
SG&A AS % REVENUES:
	Unadjusted	11.9			11.2
	Adjusted ⁽¹⁾	10.7			11.2
SG&A AS % OF GROSS PROFIT:
	Unadjusted	97.4			92.4
	Adjusted ⁽¹⁾	88.1			92.4
OPERATING MARGIN %:
	Unadjusted	(0.1		)	0.6
	Adjusted ⁽¹⁾	1.1			0.6
PRETAX MARGIN %:
	Unadjusted	(0.5		)	0.4
	Adjusted ⁽¹⁾	0.7			0.4
SAME STORE SG&A RECONCILIATION:
	As reported	$	36,578		$	36,139	1.2
	Pre-tax adjustments:
	Legal settlements	(2,934		)	—
	Adjusted Same Store SG&A ⁽¹⁾	$	33,644		$	36,139	(6.9	)
SAME STORE SG&A AS % REVENUES:
	Unadjusted	11.7			11.1
	Adjusted ⁽¹⁾	10.8			11.1
SAME STORE SG&A AS % GROSS PROFIT:
	Unadjusted	96.0			90.6
	Adjusted ⁽¹⁾	88.3			90.6
SAME STORE OPERATING MARGIN %:
	Unadjusted	0.1			0.8
	Adjusted ⁽¹⁾	1.0			0.8

Exhibit 99.1



Group 1 Automotive, Inc.
Reconciliation of Certain Non-GAAP Financial Measures - Consolidated
(Unaudited)
(Dollars in thousands, except per share amounts)
		Three Months Ended September 30,
		2018			2017			% Increase/(Decrease)
NET INCOME RECONCILIATION:
	As reported
	Pretax Net Income	$	44,365		$	47,143
	Income Tax Provision	(9,587		)	(17,262		)
	Net Income	$	34,778		$	29,881		16.4
	Effective Tax Rate	21.6		%	36.6		%
	Adjustments:
	Catastrophic events
	Pre-tax	—			14,699
	Tax impact	—			(5,677		)
	(Gain) loss on real estate and dealership transactions
	Pre-tax	(5,394		)	798
	Tax impact	1,249			(301		)
	Legal settlements
	Pre-tax	1,724			720
	Tax impact	(118		)	(270		)
	Non-cash asset impairment
	Pre-tax	23,159			9,526
	Tax impact	(5,504		)	(3,579		)
	Allowance for uncertain tax positions
	Pre-tax	—			—
	Tax impact	—			834
	Tax rate changes
	Pre-tax	—			—
	Tax impact	(705		)	—
	Adjusted
	Pretax Net Income	$	63,854		$	72,886
	Income Tax Provision	(14,665		)	(26,255		)
	Adjusted net income ⁽¹⁾	$	49,189		$	46,631		5.5
	Effective Tax Rate	23.0		%	36.0		%
ADJUSTED NET INCOME ATTRIBUTABLE TO DILUTED
	COMMON SHARES RECONCILIATION:
	Adjusted net income ⁽¹⁾	$	49,189		$	46,631		5.5
	Less: Adjusted earnings allocated to participating securities	1,676			1,603			4.6
	Adjusted net income available to diluted common shares ⁽¹⁾	$	47,513		$	45,028		5.5
DILUTED (LOSS) INCOME PER COMMON SHARE RECONCILIATION:
	As reported	$	1.74		$	1.43		21.7
	After-tax adjustments:
	Catastrophic events	—			0.44
	(Gain) loss on real estate and dealership transactions	(0.21		)	0.02
	Legal settlements	0.08			0.02
	Non-cash asset impairment	0.89			0.28
	Allowance for uncertain tax positions	—			0.04
	Tax rate changes	(0.03		)	—
	Adjusted diluted income per share ⁽¹⁾	$	2.47		$	2.23		10.8

Exhibit 99.1



FINANCE, INSURANCE AND OTHER REVENUE, NET RECONCILIATION:
	As reported	$	116,084		$	110,993		4.6
	Pre-tax adjustments:	—			—
	Catastrophic events	—			6,550
	Adjusted Finance, insurance and other revenue, net ⁽¹⁾	$	116,084		$	117,543		(1.2	)
TOTAL REVENUES RECONCILIATION:
	As reported	$	2,889,058		$	3,012,292		(4.1	)
	Pre-tax adjustments:	—			—
	Catastrophic events	—			6,550
	Adjusted Total Revenues ⁽¹⁾	$	2,889,058		$	3,018,842		(4.3	)
TOTAL GROSS PROFIT RECONCILIATION:
	As reported	$	435,101		$	431,420		0.9
	Pre-tax adjustments:	—			—
	Catastrophic events	—			6,550
	Adjusted Total Gross Profit ⁽¹⁾	$	435,101		$	437,970		(0.7	)
SG&A RECONCILIATION:
	As reported	$	316,771		$	328,327		(3.5	)
	Pre-tax adjustments:
	Catastrophic events	—			(8,149		)
	Gain (loss) on real estate and dealership transactions	5,394			(798		)
	Legal settlements	(1,724		)	(720		)
	Adjusted SG&A ⁽¹⁾	$	320,441		$	318,660		0.6
TOTAL GROSS MARGIN %:
	Unadjusted	15.1			14.3
	Adjusted ⁽¹⁾	15.1			14.5
FINANCE, INSURANCE AND OTHER, NET (PER RETAIL UNIT):
	Unadjusted	$	1,429		$	1,343		6.4
	Adjusted ⁽¹⁾	$	1,429		$	1,422		0.5
SG&A AS % REVENUES:
	Unadjusted	11.0			10.9
	Adjusted ⁽¹⁾	11.1			10.6
SG&A AS % GROSS PROFIT:
	Unadjusted	72.8			76.1
	Adjusted ⁽¹⁾	73.6			72.8
OPERATING MARGIN %:
	Unadjusted	2.7			2.6
	Adjusted ^{(1), (2)}	3.4			3.5
PRETAX MARGIN %:
	Unadjusted	1.5			1.6
	Adjusted ^{(1), (2)}	2.2			2.4
SAME STORE FINANCE, INSURANCE AND OTHER REVENUE, NET RECONCILIATION:
	As reported	$	111,706		$	108,884		2.6
	Pre-tax adjustments:
	Catastrophic events	—			6,550
	Adjusted Finance, insurance and other revenue, net ⁽¹⁾	$	111,706		$	115,434		(3.2	)
SAME STORE TOTAL REVENUES RECONCILIATION:
	As reported	$	2,741,726		$	2,944,327		(6.9	)
	Pre-tax adjustments:
	Catastrophic events	—			6,550
	Adjusted Total Revenues ⁽¹⁾	$	2,741,726		$	2,950,877		(7.1	)
SAME STORE TOTAL GROSS PROFIT RECONCILIATION:
	As reported	$	416,397		$	422,693		(1.5	)
	Pre-tax adjustments:	—			—
	Catastrophic events	—			6,550
	Adjusted Total Gross Profit ⁽¹⁾	$	416,397		$	429,243		(3.0	)

Exhibit 99.1



SAME STORE SG&A RECONCILIATION:
	As reported	$	303,894		$	319,775		(5.0	)
	Pre-tax adjustments:
	Catastrophic events	—			(8,149		)
	Gain (loss) on real estate and dealership transactions	2,372			(798		)
	Legal settlements	(1,111		)	(720		)
	Adjusted Same Store SG&A ⁽¹⁾	$	305,155		$	310,108		(1.6	)
SAME STORE TOTAL GROSS MARGIN %:
	Unadjusted	15.2			14.4
	Adjusted ⁽¹⁾	15.2			14.5
SAME STORE FINANCE, INSURANCE AND OTHER, NET (PER RETAIL UNIT):
	Unadjusted	$	1,455		$	1,346		8.1
	Adjusted ⁽¹⁾	$	1,455		$	1,427		2.0
SAME STORE SG&A AS % REVENUES:
	Unadjusted	11.1			10.9
	Adjusted ⁽¹⁾	11.1			10.5
SAME STORE SG&A AS % GROSS PROFIT:
	Unadjusted	73.0			75.7
	Adjusted ⁽¹⁾	73.3			72.2
SAME STORE OPERATING MARGIN %:
	Unadjusted	2.7			2.7
	Adjusted ^{(1), (3)}	3.5			3.5

Exhibit 99.1



Group 1 Automotive, Inc.
Reconciliation of Certain Non-GAAP Financial Measures - Consolidated
(Unaudited)
(Dollars in thousands, except per share amounts)
		Nine Months Ended September 30, 2018
		2018			2017			% Increase/(Decrease)
NET INCOME RECONCILIATION:
	As reported
	Pretax Net Income	$	165,720		$	160,029
	Income Tax Provision	(38,666		)	(57,076		)
	Net Income	$	127,054		$	102,953		23.4
	Effective Tax Rate	23.3		%	35.7		%
	Adjustments:
	Catastrophic events
	Pre-tax	5,812			15,341
	Tax impact	(1,444		)	(5,926		)
	(Gain) loss on real estate and dealership transactions
	Pre-tax	(25,513		)	798
	Tax impact	6,166			(301		)
	Acquisition costs
	Pre-tax	—			288
	Tax impact	—			—
	Legal settlements
	Pre-tax	4,274			(1,113		)
	Tax impact	(687		)	426
	Non-cash asset impairment
	Pre-tax	27,427			9,526
	Tax impact	(6,593		)	(3,579		)
	Allowance for uncertain tax positions
	Pre-tax	—			—
	Tax impact	—			834
	Tax rate changes
	Pre-tax
	Tax impact	(705		)	—
	Adjusted
	Pretax Net Income	$	177,720		$	184,869
	Income Tax Provision	(41,929		)	(65,622		)
	Adjusted net income ⁽¹⁾	$	135,791		$	119,247		13.9
	Effective Tax Rate	23.6		%	35.5		%
ADJUSTED NET INCOME ATTRIBUTABLE TO DILUTED
	COMMON SHARES RECONCILIATION:
	Adjusted net income ⁽¹⁾	$	135,791		$	119,247		13.9
	Less: Adjusted earnings allocated to participating securities	4,605			4,248			8.4
	Adjusted net income available to diluted common shares ⁽¹⁾	$	131,186		$	114,999		14.1
DILUTED INCOME PER COMMON SHARE RECONCILIATION:
	As reported	$	6.18		$	4.85		27.4
	After-tax adjustments:
	Catastrophic events	0.21			0.44
	(Gain) loss on real estate and dealership transactions	(0.94		)	0.03
	Acquisition costs including related tax impact	—			0.02
	Legal settlements	0.18			(0.03		)
	Non-cash asset impairment	1.00			0.27
	Allowance for uncertain tax positions	—			0.04
	Tax rate changes	(0.03		)	—
	Adjusted diluted income per share ⁽¹⁾	$	6.60		$	5.62		17.4

Exhibit 99.1



FINANCE, INSURANCE AND OTHER REVENUE, NET RECONCILIATION:
	As reported	$	343,462		$	314,297		9.3
	Pre-tax adjustments:
	Catastrophic events	—			6,550
	Adjusted Finance, insurance and other revenue, net ⁽¹⁾	$	343,462		$	320,847		7.0
TOTAL REVENUES RECONCILIATION:
	As reported	$	8,692,546		$	8,203,316		6.0
	Pre-tax adjustments:
	Catastrophic events	—			6,550
	Adjusted Total Revenues⁽¹⁾	$	8,692,546		$	8,209,866		5.9
TOTAL GROSS PROFIT RECONCILIATION:
	As reported	$	1,293,027		$	1,219,834		6.0
	Pre-tax adjustments:
	Catastrophic events	—			6,550
	Adjusted Total Gross Profit ⁽¹⁾	$	1,293,027		$	1,226,384		5.4
SG&A RECONCILIATION:
	As reported	$	949,210		$	916,674		3.5
	Pre-tax adjustments:
	Catastrophic events	(5,812		)	(8,792		)
	Gain (loss) on real estate and dealership transactions	25,513			(798		)
	Acquisition costs	—			(288		)
	Legal settlements	(4,274		)	1,113
	Adjusted SG&A ⁽¹⁾	$	964,637		$	907,909		6.2
TOTAL GROSS MARGIN %:
	Unadjusted	14.9			14.9
	Adjusted ⁽¹⁾	14.9			14.9
FINANCE, INSURANCE AND OTHER, NET (PER RETAIL UNIT):
	Unadjusted	$	1,430		$	1,394		2.6
	Adjusted ⁽¹⁾	$	1,430		$	1,423		0.5
SG&A AS % REVENUES:
	Unadjusted	10.9			11.2
	Adjusted ⁽¹⁾	11.1			11.1
SG&A AS % OF GROSS PROFIT:
	Unadjusted	73.4			75.1
	Adjusted ⁽¹⁾	74.6			74.0
OPERATING MARGIN %:
	Unadjusted	3.1			3.1
	Adjusted ^{(1), (2)}	3.2			3.4
PRETAX MARGIN %:
	Unadjusted	1.9			2.0
	Adjusted ^{(1), (2)}	2.0			2.3
SAME STORE FINANCE, INSURANCE AND OTHER REVENUE, NET RECONCILIATION:
	As reported	$	327,524		$	310,794		5.4
	Pre-tax adjustments:
	Catastrophic events	—			6,550
	Adjusted Finance, insurance and other revenue, net ⁽¹⁾	$	327,524		$	317,344		3.2
SAME STORE TOTAL REVENUES RECONCILIATION:
	As reported	$	8,126,098		$	8,116,733		0.1
	Pre-tax adjustments:
	Catastrophic events	—			6,550
	Adjusted Total Revenues⁽¹⁾	$	8,126,098		$	8,123,283		—
SAME STORE TOTAL GROSS PROFIT RECONCILIATION:
	As reported	$	1,226,671		$	1,208,121		1.5
	Pre-tax adjustments:
	Catastrophic events	—			6,550
	Adjusted Total Gross Profit⁽¹⁾	$	1,226,671		$	1,214,671		1.0

Exhibit 99.1



SAME STORE SG&A RECONCILIATION:
	As reported	$	916,527		$	904,748		1.3
	Pre-tax adjustments:
	Catastrophic events	(5,812		)	(8,792		)
	Gain (loss) on real estate and dealership transactions	2,372			(798		)
	Acquisition costs	—			(288		)
	Legal settlements	(3,538		)	1,113
	Adjusted Same Store SG&A⁽¹⁾	$	909,549		$	895,983		1.5
SAME STORE TOTAL GROSS MARGIN %:
	Unadjusted	15.1			14.9
	Adjusted ⁽¹⁾	15.1			15.0
SAME STORE FINANCE, INSURANCE AND OTHER, NET (PER RETAIL UNIT):
	Unadjusted	$	1,462		$	1,393		5.0
	Adjusted ⁽¹⁾	$	1,462		$	1,423		2.7
SAME STORE SG&A AS % REVENUES:
	Unadjusted	11.3			11.1
	Adjusted ⁽¹⁾	11.2			11.0
SAME STORE SG&A AS % GROSS PROFIT:
	Unadjusted	74.7			74.9
	Adjusted ⁽¹⁾	74.1			73.8
SAME STORE OPERATING MARGIN %:
	Unadjusted	2.9			3.1
	Adjusted ^{(1), (3)}	3.3			3.4

Attached files

Stock widget

Investing forum

GROUP 1 AUTOMOTIVE INC Reports