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In fact, it owns and operates 48 collision centers and 188 automotive dealerships across 242 franchises, offering 32 brands of automobiles altogether. One theme that I have noted in quite a few of my articles was the used car bubble. Due to the pandemic and a global chip shortage, there weren’t as many new cars for sale. That made used cars highly popular. It has also increased the need for parts and repair.
These are services that GPI offers. The company generates revenue from used and new vehicle sales, finance, insurance, automotive repair, and maintenance. The company reported a quarterly record for the second quarter. Adjusted diluted EPS of $10.31 beat the consensus estimate and more than tripled from second-quarter 2019’s $2.83.
