Group 1 Automotive Announces Second Quarter 2020 Financial Results
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Group 1 Automotive (GPI) Tops Q2 EPS by $3.09
July 30, 2020 7:27 AM EDTGroup 1 Automotive (NYSE: GPI) reported Q2 EPS of $3.77, $3.09 better than the analyst estimate of $0.68. Revenue for the quarter came in at $2.13 billion versus the consensus estimate of $2.15 billion.
Consolidated Results for Second Quarter 2020 (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 decreased 29.1 percent (-28.4 percent), to $2.1 billion.Total gross profit decreased 21.0 percent (-20.4 percent), to $358.8 million.New vehicle revenues decreased 32.1 percent (-31.4 percent) on a 37.1 percent... More