Group 1 Automotive Announces Third Quarter 2018 Financial Results
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Group 1 Automotive (GPI) Tops Q3 EPS by 3c, Revenues Miss
October 25, 2018 7:15 AM EDTGroup 1 Automotive (NYSE: GPI) reported Q3 EPS of $2.47, $0.03 better than the analyst estimate of $2.44. Revenue for the quarter came in at $2.89 billion versus the consensus estimate of $3.06 billion.
Total revenue decreased 4.1 percent (decreased 3.1 percent) to $2.9 billion.Total gross profit increased 0.9 percent (increased 1.8 percent), to $435.1 million.New vehicle revenues decreased 10.0 percent (decreased 8.9 percent) on a 9.8 percent decrease in unit sales, reflecting difficult year-over-year comparisons as a result of very strong replacement demand from... More