all-time and Daryl, everyone.
In good diluted EPS lines operations operations. reported revenues highest delivering revenues of an continuing supported were morning, total of quarter our of quarter a parts Group and were revenue Automotive U.S. the you, first million Current $XXX million by all in adjusted billion business, and first XXXX in Thank net history, from quarterly high.
Starting service of of quarter with company X $XXX.X the $X.X $X.XX. income adjusted and
a and on units a vehicle basis XX% industry, up New sold outpaced X% on reported basis. the same-store
of and in volume. resiliency from on These down the half U.S. sales XXXX, glide discipline of unit testament continue speed path our our given their depth the as in new pleased up are strong technology. increased slow the ability quarter, to XX% vehicle inventories margins of and of return.
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Our on F&I gross profit quarter per of unit only a year-over-year. and sequential X% minimally same-store $X,XXX increased declined basis
higher We expect some some and continued requirements due penetration for to rates pressure on vehicle finance used existing buyers. lender
continued year expect of U.S. a comparable new service $XXX achieved record the revenues sales and on improvement penetration parts finance prior quarter approximately increasing OEM had we and due quarter vehicle However, revenues performed we gross basis, a profits first to incentives.
After on million. and same-store
XXX to to to XX% to invest profit believe continue of XX.X% from our an Group considerably that but points We differentiate to X will new SG&A. Adjusted as the around for year-over-year is of percentage area remains that pre-COVID up business.
Wrapping vehicle after U.S., SG&A increased we basis of gross shift part normalize. as and a levels in let's scenario sales continue margins to continue
Let's turn quarter to fourth the U.K. The U.K. improved of from XXXX.
and the the the X%, grew quarter and throughout as to delivered new vehicles market margins, fourth which declining record first and quarterly used difficult parts service U.K. quarter Our the quarter. work driven cost improved continuation by we of We vehicle initial the respectively. remove experienced control experienced at and a revenues XX% costs of new of XXXX, in onset team
believe constrained, down basis.
We While the a improvement unit Used on wholesale we in gross unit versus vehicle XX% losses remains and were pricing vehicles an February experienced keeping is or March. XX% still quarter profit sequential even elevated. resilient and quarter, per new vehicle $XXX, per sequential availability and GPUs steeper vehicle new improved demand
As XX, XX,XXX approximately bank our of new was March order vehicle units.
more those during luxury, times mix of economic is a are As U.K. resilient our consumers reminder, business predominantly and uncertainty.
began the This loss of per in used and the of $XXX operations first inventory improvement vehicle the rebalancing rebalancing U.K. wholesale through $X,XXX quarter, vehicle an in XXXX. in fourth during loss first the Our per resulted from into the sold quarter XXXX an the continued quarter. continued vehicle its channels fourth quarter of
days of XXX the the vehicle points began impact reflecting and in XX XX adjusted profit inventory place improved by a SG&A, by XXXX, our XX gross quarter the was to X,XXX which throughout efforts our basis We agency basis quarter XX used days.
U.K. have sequentially, as of SG&A days that vehicle percent year-over-year. elevated used our decreased from reduced cutting of first took the Cost higher entirety points fourth XXXX. in of resulting adjusted cost-cutting in an December
of to lines experienced margins decline all as year prepared quarter. the of in our across the We business also impact the gross prior
balance and Turning our to liquidity. sheet
had to bringing XX, cash As million $XXX floorplan total million. we offset another $XX invested liquidity our of million and hand on $XXX of accounts immediately, accessible in cash March
CapEx. repurchases of through total $XXX spent in of the bringing of $XXX had XXXX, first adjusted price $XXX over million, $XX repurchasing share our XXXX, a borrow at quarter first million to available combination immediate million.
In liquidity out dividends.
In generated an of to was XXX,XXX million cash share $XXX.XX, capital approximately we line and million acquisitions, the a average count quarter. $XXX deployed backing This of cash operating also available acquisition quarter in flow, $XX of after and the million flow resulting we on X.X% shares of reduction free We
Our to million. of approximately down XX.X share as today is count
to serious allocation to sheet, growth external pursuing position generation including opportunities. will balance cash addition continue flow consideration share Our capital and in of leverage support repurchases flexible approach
Our by U.S. the our rent-adjusted of leverage as at end March. syndicated credit X.XXx was ratio defined facility
allow sheet balance for meaningful deployment. continue capital balanced to strong Our will and
as higher us We expense effectively million in excess $XX.X the our Our swaps, from offset quarterly of $X which on to rate year expense and year was of comparable $X.X exposed increase the mortgage-related cash million interest borrowings interest floorplan of year well portfolio prior versus million quarter year in swap interest our related of floorplan holdings. prior interest increased to an to primarily of manage inventory accounts, as interest balance reducing borrowings. increased of higher prior million by the from expense our saved borrowings holding benefit our the due acquisition de-designated increased floorplan the million through existing on quarter.
Quarterly $XX.X from interest higher the non-floorplan the interest prior line, $X.X interest
in our us comparable the $X.X Our the floorplan current period. interest swap quarter versus rate portfolio swaps similar, mortgage million saved
annual EPS of benchmark secured overnight and every XX, the our mortgage funding of $X.XX is referenced other or March floorplan As XXX-basis-point debt impact in only which in Therefore, our for and fixed. the the SOFR, rate increase $X.X instruments. debt rate, approximately was is billion floorplan XX% in
dividends capital Let's our form allocation. management of shareholders buybacks. the return-focused allocation return of to in share turn We portfolio quarterly strategy opportunistic and capital that balances a and capital deploy to
During of shares, X.X% million. $XX and outstanding million to we $X dividends spent the quarter, We common billion. acquired our annual revenues of paid repurchase expected of $X
profitable, highly the capital clusters. in dealerships holdings our integrate acquisitions the best dealership of to consolidate use and believe to our business dealership ability ways demonstrated quickly. scalable have very is explore to continue We We successfully our and
opportunities immediate explore through to growth to continue We acquisitions. capture
smaller We well. underperforming performance leverages which also to of stores capabilities, and and our our believe We in company is rooftop and integration a brands as story, divesting a approach believe optimizes this scale the strategy proven meaningful our and critical is manner. growth critical our grows part incremental
financial please our attached schedules begin turn regarding the session. investor now the presentation question-and-answer our our of as to will to detail condition, operator in additional well to call additional over as information posted the news the on our Operator? refer website.
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