Group 1 Automotive (GPI) Tops Q1 EPS by 23c

Group 1 Automotive (NYSE: GPI) reported Q1 EPS of $2.06, $0.23 better than the analyst estimate of $1.83. Revenue for the quarter came in at $2.8 billion versus the consensus estimate of $2.85 billion.

"Our 21-percent growth in adjusted EPS versus last year reflects great performance by our U.S. and U.K. operating teams," said Earl J. Hesterberg, Group 1's president and chief executive officer. "The strategic emphasis we have placed on our used vehicle and aftersales business was obvious in our financial results this quarter. This performance clearly demonstrates our ability to grow earnings in a soft new vehicle sales market."

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

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