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Stock Market & Financial Investment News

News Breaks
May 19, 2014
07:18 EDTGPIGroup 1 Automotive acquires Kia dealership in Texas
Group 1 Automotive announced the acquisition of South Point Kia in Austin, Texas. The dealership, which will operate as Kia of South Austin, is expected to generate $55M in estimated annual revenues. Thus far in 2014, Group 1 has acquired 6 franchises with estimated annual revenues of $295M and disposed of one franchise with trailing-twelve-month revenues of $20M.
News For GPI From The Last 14 Days
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July 23, 2015
07:17 EDTGPIGroup 1 Automotive reports Q2 adjusted EPS $1.98, consensus $1.81
Reports Q2 revenue $2.73B, consensus $2.71B. New vehicle revenue increased 4.7%, reflecting 5.4% higher unit sales, as U.S. Same Store new vehicle revenue increased 5.2%, reflecting unit sales growth of 4.5%. Used vehicle retail revenue increased 18.2%, primarily reflecting 17.7% higher used retail unit sales. U.S. Same Store used vehicle revenue increased 16.1%, reflecting 14.2% growth in unit sales

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