UPDATE 2-Group 1 earnings rise 22 percent; shares up

Newswire

(Recasts, adds share price) DETROIT, Oct 31 (Reuters) - Car dealership chain Group 1 Automotive Inc. on Tuesday posted a 22 percent increase in third-quarter earnings on improved margins and raised its full-year outlook, sending its shares up nearly 10 percent. Earnings rose to $26.4 million, or $1.10 per share, from $21.6 million, or 88 cents per share, a year earlier. Analysts on average had expected $1.03 per share, according to Reuters Estimates. Revenue increased to $1.6 billion ...

Premium Content (PAID Subscription Required)

"UPDATE 2-Group 1 earnings rise 22 percent; shares up" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.
WardsAuto Blogs
Jul 11, 2014
blog

Tesla Salespeople Would Make Great Museum Curators

The automaker’s salespeople do a couple of things right but enough wrong to finish dead last in a mystery-shopping study....More
Jul 10, 2014
blog

Barra Driving Change at GM

Under CEO Mary Barra, GM is the only one stepping up to change the conversation and fix the long-broken mechanisms for protecting consumers from potentially dangerous vehicle defects and compensating victims....More
Jul 1, 2014
blog

June 2014 U.S. Sales Thread (FINAL): Luxury Vehicles, Large Trucks Boost SAAR to 95-Month High

U.S. automakers dramatically outpaced expectations in June, raising the SAAR to its highest level since July 2006....More

Sponsored Introduction Continue on to (or wait seconds) ×