Group 1 (GPI) Q1 Earnings Miss Expectations, Decline Y/Y
Group 1 Automotive(GPI) Zacks Investment Research·2024-04-27 00:40
Group 1 Automotive (GPI) reported first-quarter 2024 adjusted earnings per share (EPS) of $9.49, missing the Zacks Consensus Estimate of $9.52 and falling 13.2% year over year. The automotive retailer registered net sales of $4.5 billion, beating the Zacks Consensus Estimate of $4.3 billion. Also, the top line rose from the year-ago quarter’s $4.13 billion.Quarter HighlightsNew vehicle retail sales increased 11.6% from the prior-year quarter to $2.18 billion and exceeded our projection of $1.98 billion on t ...