Group 1 Automotive: 2Q Earnings Snapshot
HOUSTON (AP) _ Group 1 Automotive Inc. (GPI) on Thursday reported second-quarter earnings of $49.2 million.
On a per-share basis, the Houston-based company said it had profit of $2.64. Earnings, adjusted for non-recurring costs, were $2.83 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.74 per share.
The auto dealer posted revenue of $3.01 billion in the period.
Group 1 Automotive shares have risen 67% since the beginning of the year. The stock has climbed 31% in the last 12 months.