Group 1 Automotive (GPI) Q2 Earnings Top Estimates

Core Insights - Group 1 Automotive reported quarterly earnings of $9.80 per share, exceeding the Zacks Consensus Estimate of $9.43 per share, but down from $11.73 per share a year ago [5] - The company generated revenues of $4.7 billion for the quarter, missing the Zacks Consensus Estimate by 1.50%, but up from $4.56 billion year-over-year [6] - The stock has underperformed the market, with a year-to-date performance of approximately 0% compared to the S&P 500's gain of 16.5% [12] Earnings Performance - The earnings surprise for the latest quarter was 3.92%, following a previous quarter where the earnings were below expectations by -0.32% [1][2] - Over the last four quarters, Group 1 Automotive has surpassed consensus EPS estimates two times [11] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $10.14, with expected revenues of $5.23 billion, and for the current fiscal year, the estimates are $38.28 EPS on $19.65 billion in revenues [14] - The upcoming earnings report for AutoNation, a competitor, is expected to show revenues of $6.76 billion, down 1.9% from the previous year [10] Industry Context - Group 1 Automotive is part of the Automotive - Retail and Whole Sales industry, which is currently ranked in the bottom 6% of over 250 Zacks industries [9] - The mixed trend in estimate revisions for Group 1 Automotive has resulted in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [3]