Group 1 Automotive Reports Record Quarterly Earnings
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Moody's Upgrades Group 1 Automotive (GPI) to 'Ba1'; Outlook Stable
July 23, 2015 3:45 PM EDTMoody's Investors Service today upgraded all ratings of Group 1 Automotive, Inc. ("Group 1"), including the Corporate Family rating, which was upgraded to Ba1 from Ba2. A stable outlook was assigned. This concludes the review for upgrade that was initiated on June 16, 2015.
Issuer: Group 1 Automotive, Inc
Ratings Upgraded
Corporate Family Rating to Ba1 from Ba2
Probability of Default Rating to Ba1-PD from Ba2-PD
$550 million senior unsecured notes to Ba2, LGD 6 From Rating Under Review B1, LGD 6
Outlook, Changed To Stable From Rating Under Review
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Group 1 Automotive (GPI) Tops Q2 EPS by 17c
July 23, 2015 7:08 AM EDTGroup 1 Automotive (NYSE: GPI) reported Q2 EPS of $1.98, $0.17 better than the analyst estimate of $1.81. Revenue for the quarter came in at $2.73 billion versus the consensus estimate of $2.71 billion.
For earnings history and earnings-related data on Group 1 Automotive (GPI) click here.
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