Group 1 Automotive Reports Second Quarter 2016 Results

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Group 1 Automotive (GPI) Tops Q2 EPS by 6c

July 28, 2016 7:09 AM EDT

Group 1 Automotive (NYSE: GPI) reported Q2 EPS of $2.16, $0.06 better than the analyst estimate of $2.10. Revenue for the quarter came in at $2.1 billion versus the consensus estimate of $2.89 billion.

New vehicle revenues increased 0.4 percent (2.3 percent) despite a 2.5 percent decrease in unit sales. New vehicle gross profit... More