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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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April 30, 2015
10:36 EDTGPIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ARRIS (ARRS) upgraded to Strong Buy from Outperform at Raymond James... Acadia (ACHC) upgraded to Outperform from Market Perform at Wells Fargo... Alexandria Real Estate (ARE) upgraded to Buy from Neutral at Mizuho... Axiall (AXLL) upgraded to Buy from Neutral at Citigroup... British American Tobacco (BTI) upgraded to Buy from Hold at Societe Generale... Buffalo Wild Wings (BWLD) upgraded at Baird... CBIZ, Inc. (CBZ) upgraded to Overweight from Equal-Weight at First Analysis... Cameco (CCJ) upgraded to Outperform from Market Perform at Raymond James... Cinedigm (CIDM) upgraded to Outperform from Neutral at Macquarie... Commerzbank (CRZBY) upgraded to Neutral from Sell at Goldman... Equity One (EQY) upgraded to Neutral from Underperform at Credit Suisse... Garmin (GRMN) upgraded to Market Perform from Underperform at Raymond James... Genworth (GNW) upgraded to Buy from Neutral at Compass Point... Group 1 Automotive (GPI) upgraded to Neutral from Sell at Goldman... JetBlue (JBLU) upgraded to Outperform from Neutral at Credit Suisse... KBR (KBR) upgraded to Buy from Hold at Johnson Rice... Michelin (MGDDY) upgraded to Outperform from Neutral at Exane BNP Paribas... Mondelez (MDLZ) upgraded to Buy from Hold at Deutsche Bank... Nabors Industries (NBR) upgraded to Neutral from Reduce at Global Hunter... Office Depot (ODP) upgraded to Buy from Hold at Jefferies... PCTEL, Inc. (PCTI) upgraded to Buy from Neutral at B. Riley... Patterson-UTI (PTEN) upgraded to Buy from Accumulate at Global Hunter... Progressive (PGR) upgraded to Buy from Neutral at UBS... Santander Consumer (SC) upgraded to Outperform from Neutral at Macquarie... Spirit Airlines (SAVE) upgraded at Evercore ISI... Staples (SPLS) upgraded to Buy from Hold at Jefferies.
05:45 EDTGPIPenske Automotive downgraded to Sell from Neutral at Goldman
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05:43 EDTGPIGroup 1 Automotive upgraded to Neutral from Sell at Goldman
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April 28, 2015
07:10 EDTGPIGroup 1 Automotive reports Q1 US revenue up 8.9% to $2B
The revenue growth reflects unit sales increases of 5.0 percent in new vehicles and 10.6 percent in retail used vehicles, as well as increases of 5.5 percent in parts and service revenue and 13.3 percent in finance and insurance revenue. Reports Q1 UK operatoins up 20.9% to $299.5M. Reports Q1 Brazil same store revenue down 19.9% to $132.4M, with the decline primarily explained by weaker exchange rate, as Same Store revenues were down 3.5 percent on a local currency basis. Brazil industry new vehicle volumes declined 16 percent due to a weaker economy and the expiration of tax incentives at the end of 2014, while the Company's Same Store new vehicle unit sales were only down 9.5 percent.
07:09 EDTGPIGroup 1 Automotive reports Q1 new vehicle revenue up 5% to $1.33B
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07:08 EDTGPIGroup 1 Automotive reports Q1 EPS $1.47, consensus $1.39
Reports Q1 revenue $2.43B, consensus $2.45B

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