Revenue Update on Group 1 Automotive(NYSE:GPI)

Group 1 Automotive(NYSE:GPI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $2.78B. Analysts estimated a revenue of $2.85B. Earnings per share were $2.16. Analysts had estimated an EPS of $2.09.

In a different note, On Jul 20, 2016, Buckingham Research said it Upgrades its rating on Group 1 Automotive. The shares have been rated ‘Buy’ by the firm.

Group 1 Automotive (GPI) made into the market gainers list on Thursdays trading session with the shares advancing 0.59% or 0.36 points. Due to strong positive momentum, the stock ended at $60.9, which is also near the day’s high of $61.57. The stock began the session at $60.56 and the volume stood at 2,21,359 shares. The 52-week high of the shares is $97.06 and the 52 week low is $47.305. The company has a current market capitalization of $1,346 M and it has 2,20,95,331 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 16, 2016, Frank Grese (Senior Vice President, HR) purchased 36 shares at $58.27 per share price.Also, On Sep 21, 2015, J. Brooks O’hara (VP, Human Resources) sold 2,500 shares at $89.18 per share price.On Aug 26, 2015, Doyle L Arnold (director) purchased 1,500 shares at $87.10 per share price, according to the Form-4 filing with the securities and exchange commission.

Group 1 Automotive Inc. is an operator in the automotive retail industry. The Company sells new and used cars and light trucks arranges related vehicle financing sells service and insurance contracts provides automotive maintenance and repair services and sells vehicle parts. The Company operates through three segments: the U.S. which includes the activities of its corporate office the U.K. and Brazil. As of September30 2015 the Company owned and operated approximately 162 automotive dealerships approximately 212 franchises and approximately 37 collision centers in the United States and the United Kingdom and Brazil offer approximately 34 brands of automobiles. In addition the Company operates in international regions including the United Kingdom and Brazil. As of February 4 2016 the Company had approximately 29 dealerships in the United Kingdom. As of September30 2015 the Company had approximately 19 dealerships in Brazil. .

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