Group 1 Automotive, Inc. reported fourth quarter net income of $48.1 million, diluted earnings per common share of $2.57, adjusted net income (a non-GAAP measure) of $56.3 million, and adjusted diluted earnings per common share (a non-GAAP measure) of $3.01.  The company’s fourth quarter total revenue, at $3.1 billion, was a record.

For the full year, net income increased 10.3 percent year-over-year to $174 million; diluted earnings per common share increased 19.3 percent, to $9.34. Full year adjusted net income (a non-GAAP measure) increased 13.4 percent, to $203.6 million; and adjusted diluted earnings per common share (a non-GAAP measure) increased 22.7 percent, to $10.93. Total revenue grew 3.8 percent to a record $12 billion.