For the quarter ended June 2024, Group 1 Automotive (GPI) reported revenue of $4.7 billion, up 3% over the same period last year. EPS came in at $9.80, compared to $11.73 in the year-ago quarter. The reported revenue represents a surprise of -1.50% over the Zacks Consensus Estimate of $4.77 billion. With the consensus EPS estimate being $9.43, the EPS surprise was +3.92%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street e ...

This quarterly report represents an earnings surprise of 3.92%. A quarter ago, it was expected that this auto dealer would post earnings of $9.52 per share when it actually produced earnings of $9.49, delivering a surprise of -0.32%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While Group 1 Automotive has underperformed the market so far this year, the qu ...

(1) Retail new vehicle units sold include new vehicle agency units. The agency units and related revenues are excluded from the calculation of the average sales price per unit sold for new vehicles due to their net presentation within revenues. The agency units and related net revenues are included in the calculation of gross profit per unit sold. (2) See the section in this release titled "Reconciliation of Certain Non-GAAP Financial Measures" for the GAAP to non-GAAP reconciliation of these figures. (3) F ...

Group 1 Automotive (GPI) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on July 24, 2024, might help the stock move higher if these key numbers are better than ...

The conference call will be simulcast live on the Internet at http://www.group1corp.com/events. A webcast replay will be available for 30 days. A copy of the Company's presentation will also be made available at http://www.group1corp.com/company-presentations. A telephonic replay will be available following the call through July 31, 2024, by dialing: ABOUT GROUP 1 AUTOMOTIVE, INC. Group 1 owns and operates 206 automotive dealerships, 270 franchises, and 42 collision centers in the United States and the Unit ...

Group 1's Chief Executive Officer Daryl Kenningham stated, "We are delighted to expand our relationship with Mercedes-Benz while growing our operations in the U.K. This brand is outstanding and our ability to add these dealerships to our portfolio is a very positive growth action and presents an opportunity to further drive profitable growth for our shareholders." ABOUT GROUP 1 AUTOMOTIVE, INC. FORWARD-LOOKING STATEMENTS Investor contacts: Terry Bratton Manager, Investor Relations Group 1 Automotive, Inc. [ ...

In response, the Company immediately activated its cyber incident response procedures and proactively took measures to protect and isolate its systems from CDK's platform. Despite the CDK service outage, all Group 1 U.S. dealerships continue to conduct business using alternative processes until CDK's dealers' systems are available. The Company's dealerships in the U.K. do not use CDK's dealers' systems and are therefore not impacted by the CDK service outage. ABOUT GROUP 1 AUTOMOTIVE, INC. FORWARD-LOOKING S ...

Group 1 reported first-quarter 2024 adjusted earnings per share (EPS) of $9.49, missing the Zacks Consensus Estimate of $9.52 and falling 13.2% year over year. The automotive retailer registered net sales of $4.5 billion, beating the Zacks Consensus Estimate of $4.3 billion. Also, the top line rose from the year-ago quarter's $4.13 billion. Quarter Highlights New vehicle retail sales increased 11.6% from the prior-year quarter to $2.18 billion and exceeded our projection of $1.98 billion on the back of high ...

HOUSTON, May 9, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 300 automotive retailer with 203 dealerships located in the U.S. and U.K., today announced its board of directors approved a new share repurchase authorization of $250 million, and also declared a quarterly dividend.  Share Repurchase Authorization IncreaseThe Company announced that its board of directors increased the Company's common share repurchase authorization by $161 million to $250 mill ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth po ...