Group 1 Automotive (GPI) Reports In-Line Q3 EPS

Group 1 Automotive (NYSE: GPI) reported Q3 EPS of $1.88, in-line with the analyst estimate of $1.88. Revenue for the quarter came in at $2.8 billion versus the consensus estimate of $2.82 billion.

New vehicle revenue increased 5.3 percent, reflecting 5.9 percent higher unit sales. On a Same Store basis, new unit sales increased 19.1 percent in the U.K., 4.4 percent in the U.S., and 1.3 percent in Brazil.
Used vehicle retail revenue increased 11.6 percent, primarily reflecting 12.9 percent higher used retail unit sales. On a Same Store basis, used retail unit sales increased 10.3 percent in the U.S., 19.0 percent in the U.K., and 15.3 percent in Brazil.

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

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