Group 1 Automotive (GPI) Tops Q2 EPS by 6c

Group 1 Automotive (NYSE: GPI) reported Q2 EPS of $2.16, $0.06 better than the analyst estimate of $2.10. Revenue for the quarter came in at $2.1 billion versus the consensus estimate of $2.89 billion.

New vehicle revenues increased 0.4 percent (2.3 percent) despite a 2.5 percent decrease in unit sales. New vehicle gross profit increased 6.6 percent (8.9 percent) to $81.1 million.
Retail used vehicle revenues increased 4.9 percent (6.5 percent) on 4.8 percent higher unit sales. Retail used vehicle gross profit improved 4.8 percent (6.1 percent) to $48.3 million.

For earnings history and earnings-related data on Group 1 Automotive (GPI) click here.

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