Group 1 Shares Rise 6% Since Q3 Earnings Miss Expectations

Shares of Group 1 Automotive (GPI) gained 6% since it reported third-quarter 2024 results. It reported adjusted earnings per share (EPS) of $9.90, which missed the Zacks Consensus Estimate of $9.93 and fell 18% year over year. The automotive retailer registered net sales of $5.22 billion, beating the Zacks Consensus Estimate of $5.14 billion. The top line also rose from the year-ago quarter’s $4.71 billion.Stay up-to-date with the quarterly releases: See Zacks Earnings Calendar.Quarter HighlightsNew vehicle ...