Group 1 Automotive Q2 Adj $9.80 Beats $9.36 Estimate, Sales $4.70B Miss $4.71B Estimate
Portfolio Pulse from Benzinga Newsdesk
Group 1 Automotive (NYSE:GPI) reported Q2 earnings of $9.80 per share, beating the $9.36 estimate but down 16.45% from last year. Sales were $4.70B, slightly missing the $4.71B estimate but up 3.01% from last year.
July 24, 2024 | 9:11 am
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Group 1 Automotive reported Q2 earnings of $9.80 per share, beating estimates but down 16.45% YoY. Sales were $4.70B, slightly missing estimates but up 3.01% YoY.
While GPI's earnings per share beat estimates, the YoY decline of 16.45% and the slight miss in sales may create mixed sentiments among investors. The positive sales growth of 3.01% YoY could provide some support, but the overall impact is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100