Group 1 Automotive (GPI) Tops Q1 EPS by 10c

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Go back to Group 1 Automotive (GPI) Tops Q1 EPS by 10c

Group 1 Automotive Reports Record Adjusted 2016 First Quarter Earnings

April 27, 2016 7:07 AM EDT

HOUSTON, April 27, 2016 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI), an international, Fortune 500 automotive retailer, today reported record 2016 first quarter adjusted net income of $37.1 million, a 3.5 percent increase, and record first quarter adjusted diluted earnings per common share of $1.59, an 8.2 percent increase, on a year-over-year comparable basis for the period ended March 31, 2016.

Adjusted net income and diluted earnings per share primarily exclude $1.7 million of net after-tax adjustments for insurance deductibles associated with vehicle... More