Group 1 Automotive beats earnings and revenue estimates, shares rise

From Nasdaq: 2025-01-29 07:05:04

Group 1 Automotive (GPI) reported quarterly earnings of $10.02 per share, beating expectations and showing an 8.79% surprise. The company’s revenues of $5.55 billion also exceeded estimates. Shares have risen 8.9% this year. As for Asbury Automotive Group (ABG), earnings of $6.07 per share are expected, with revenues projected at $4.13 billion.

Investors are curious about Group 1 Automotive’s future performance. With a Zacks Rank #3 (Hold), the company’s earnings outlook will influence stock movement. As for ABG, upcoming results may impact its stock. It will be interesting to see how earnings estimates change in the upcoming quarters for both companies.



Read more at Nasdaq: Group 1 Automotive (GPI) Q4 Earnings and Revenues Surpass Estimates