Group 1 Automotive (GPI) Releases Earnings Results, Beats Expectations By $0.07 EPS

Group 1 Automotive (GPI) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $2.16 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $2.09. The company posted revenue of $2782.40 million in the period, compared to analysts expectations of $2896.14 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.98 EPS.

Many Wall Street Analysts have commented on Group 1 Automotive. Group 1 Automotive was Upgraded by Buckingham Research to ” Buy” on Jul 20, 2016.

Group 1 Automotive opened for trading at $58.3 and hit $59.25 on the upside on Thursday, eventually ending the session at $59.15, with a gain of 0.24% or 0.14 points. The heightened volatility saw the trading volume jump to 5,31,606 shares. Company has a market cap of $1,307 M.

In a different news, on Mar 16, 2016, Frank Grese (Senior Vice President, HR) purchased 36 shares at $58.27 per share price. According to the SEC, on Sep 21, 2015, J. Brooks O’hara (VP, Human Resources) sold 2,500 shares at $89.18 per share price. On Aug 26, 2015, Doyle L Arnold (director) purchased 1,500 shares at $87.10 per share price, according to the Form-4 filing with the securities and exchange commission.

Group 1 Automotive Inc. is an operator in the automotive retail industry. The Company sells new and used cars and light trucks arranges related vehicle financing sells service and insurance contracts provides automotive maintenance and repair services and sells vehicle parts. The Company operates through three segments: the U.S. which includes the activities of its corporate office the U.K. and Brazil. As of September30 2015 the Company owned and operated approximately 162 automotive dealerships approximately 212 franchises and approximately 37 collision centers in the United States and the United Kingdom and Brazil offer approximately 34 brands of automobiles. In addition the Company operates in international regions including the United Kingdom and Brazil. As of February 4 2016 the Company had approximately 29 dealerships in the United Kingdom. As of September30 2015 the Company had approximately 19 dealerships in Brazil. .

Group 1 Automotive

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