KeyBanc Downgrades Group 1 Automotive Inc. (GPI) to Sector Weight

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Go back to KeyBanc Downgrades Group 1 Automotive Inc. (GPI) to Sector Weight

Group 1 Automotive Reports Fourth Quarter and Full Year Financial Results

February 11, 2016 7:09 AM EST

HOUSTON, Feb. 11, 2016 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI), ("Group 1" or the "Company"), an international, Fortune 500 automotive retailer, today reported 2015 fourth quarter adjusted net income of $35.7 million, a 12.3 percent decrease from the comparable prior year period, and adjusted diluted earnings per common share of $1.51, a 9.6 percent decrease for the period ended December 31, 2015. Total revenue for the fourth quarter grew 5.3 percent, to $2.7 billion.

Adjusted net income and diluted earnings per share exclude after-tax non-cash impairment charges of $72.8 million... More