Group 1 Automotive Announces Second Quarter 2018 Financial Results

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Go back to Group 1 Automotive Announces Second Quarter 2018 Financial Results

Group 1 Automotive (GPI) Tops Q2 EPS by 31c, Revenues Beat

July 26, 2018 7:30 AM EDT

Group 1 Automotive (NYSE: GPI) reported Q2 EPS of $2.45, $0.31 better than the analyst estimate of $2.14. Revenue for the quarter came in at $2.94 billion versus the consensus estimate of $2.92 billion.

"We delivered a solid quarter, reflecting a relatively strong U.S. vehicle market in June, favorable overall performance in the U.K., a corporate-wide focus on our used vehicle business, and a major cost reduction initiative in both the U.S. and the U.K. early this year that began to pay dividends this quarter," said Earl J. Hesterberg, Group 1's president and chief executive... More