Group 1 Automotive Announces Second Quarter 2019 Financial Results
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Group 1 Automotive (GPI) Tops Q2 EPS by 7c, Revenues Beat
July 25, 2019 6:12 AM EDTGroup 1 Automotive (NYSE: GPI) reported Q2 EPS of $2.83, $0.07 better than the analyst estimate of $2.76. Revenue for the quarter came in at $3 billion versus the consensus estimate of $2.92 billion.
Consolidated Results for Second Quarter 2019 (year-over-year comparable basis)
For ease of comparison, we have included constant currency metrics (a non-GAAP measure) both below (shown in parenthesis) and in the financial tables that follow:
Total revenue grew 2.1 percent (3.7 percent), to $3.0 billion.Total gross profit grew 3.7 percent (4.8 percent), to $454.3 million.New vehicle revenues increased 0.6 percent (2.2 percent), despite a slight decrease in unit sales. New vehicle... More