Group 1 Automotive (GPI) Tops Q1 EPS by 8c

Group 1 Automotive (NYSE: GPI) reported Q1 EPS of $1.47, $0.08 better than the analyst estimate of $1.39. Revenue for the quarter came in at $2.43 billion versus the consensus estimate of $2.45 billion.

• New vehicle revenues increased 5.0 percent (7.8 percent) on 3.9 percent higher unit sales. New vehicle gross profit increased 4.2 percent (7.7 percent) to $69.7 million.
• Retail used vehicle revenues increased 13.3 percent (15.6 percent) on 11.6 percent higher unit sales. Retail used vehicle gross profit improved 7.8 percent (9.2 percent) to $46.1 million as lower margins, down $54 per unit, partially offset the revenue growth.
• Parts and service gross profit increased 6.4 percent (8.2 percent) on revenue growth of 4.8 percent (6.7 percent). Same Store parts and service gross profit increased 4.4 percent (6.1 percent) on revenue growth of 3.4 percent (5.2 percent).

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

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