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Group 1 Automotive (GPI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Group 1 (GPI) agrees to buy U.K. Dealerships of Inchcape for nearly $439 million.
HOUSTON , April 12, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 300 automotive retailer with 202 dealerships located in the U.S. and U.K., today announced that it will release financial results for the first quarter ended March 31, 2024 on Wednesday, April 24, 2024, 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 (GPI) acquires Modern Classic Motors, which includes three franchises in Beaufort County.
Auto retailers like PAG, LAD and GPI are poised to navigate industry headwinds thanks to their strategic expansion initiatives and shareholder-friendly moves.
Group 1 (GPI) misses earnings estimates but beats on revenues. While the bottom line falls 12.5% year over year, revenues rise 10%.
Group 1 Automotive, Inc. (GPI) Q4 2023 Earnings Call Transcript
While the top- and bottom-line numbers for Group 1 Automotive (GPI) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Group 1 Automotive (GPI) came out with quarterly earnings of $9.50 per share, missing the Zacks Consensus Estimate of $10.49 per share. This compares to earnings of $10.86 per share a year ago.
Group 1 Automotive Inc. said Wednesday it will reduce its U.K. workforce by 10% or roughly 358 people as the latest company to cut jobs to reduce costs in the face of an uncertain economy.