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Daryl Kenningham, Group 1 Automotive president and CEO, joins 'Squawk Box' to discuss the company's earnings results, with both earnings and sales topping expectations, impact of UAW strike, EV demand, and more.
Group 1 Automotive (GPI) came out with quarterly earnings of $12.07 per share, beating the Zacks Consensus Estimate of $11.32 per share. This compares to earnings of $12 per share a year ago.
HOUSTON , Oct. 9, 2023 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), an international, Fortune 300 automotive retailer with 200 dealerships located in the U.S. and U.K., today announced that it will release financial results for the third quarter ended September 30, 2023 on Wednesday, October 25, 2023, before the market opens. Daryl Kenningham, Group 1's president and chief executive officer, and the Company's senior management team will host a conference call to discuss the results later that morning at 9:00 a.m.
Group 1 Automotive (GPI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
GPI, INBK and KD made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 28, 2023.
GPI, GRNT and HRTG made it to the Zacks Rank #1 (Strong Buy) value stocks list on September 28, 2023.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Group 1 Automotive (GPI) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
Strong vehicle demand, M&A deals, digitization ramp-up and investor-friendly moves are buoying the prospects of auto retailers like PAG, GPI and RUSHA.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.