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The headline numbers for Group 1 Automotive (GPI) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Group 1 Automotive (GPI) came out with quarterly earnings of $11.73 per share, beating the Zacks Consensus Estimate of $11 per share. This compares to earnings of $12 per share a year ago.
While we expect year-over-year revenue growth in Group 1's (GPI) new vehicle retail segment, high cost of sales is likely to have clipped margins to some extent.
Group 1 (GPI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
The Zacks Consensus Estimate for Group 1's (GPI) Q2 earnings and revenues is pegged at $11 per share and $4.43 billion, respectively.
Does Group 1 Automotive (GPI) have what it takes to be a top stock pick for momentum investors? Let's find out.
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.
Group 1 Automotive's (GPI) diversified portfolio, strong backlog, omnichannel efforts and acquisition of dealerships and franchises are set to fuel sales growth.
HOUSTON , July 11, 2023 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), an international, Fortune 300 automotive retailer with 205 dealerships located in the U.S. and U.K., today announced that it will release financial results for the second quarter ended June 30, 2023 on Wednesday, July 26, 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.
Daryl Kenningham, Group 1 Automotive CEO, joins 'Squawk on the Street' to discuss the balance in demand and supply for electric vehicles, the current market for used cars, and the scarcity of service technicians.