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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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October 23, 2014
07:17 EDTGPIGroup 1 Automotive: Brazil operation returned to profit in Q3 post restructuring
The return to profitability was driven by an organizational restructuring, which eliminated 150 positions, 10 percent of total headcount. Additional headcount reductions will occur with the disposal of 3 Renault dealerships in the fourth quarter. The Company's Brazil operations accounted for 7.6 percent of total revenues, 6.1 percent of total gross profit and 0.6 percent of the Company's adjusted pretax income.
07:17 EDTGPIGroup 1 Automotive reports Q3 new vehicle revenue pu 9.7%
Reports Q3 used vehicle revenue up 16.2%. Reports Q3 US revenue up 15.1% to $2.2B; Reports Q3 UK revenue up 7.4% to $252.2M;
07:16 EDTGPIGroup 1 Automotive reports Q3 adjusted EPS $1.57, consensus $1.44
Reports Q3 revenue $2.63B, consensus $2.58B
October 14, 2014
10:01 EDTGPIOn The Fly: Analyst Downgrade Summary
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06:20 EDTGPIGroup 1 Automotive downgraded to Sell from Neutral at Goldman
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October 13, 2014
11:55 EDTGPILithia Motors sinks after cutting profit forecasts
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