Earnings Preview: Group 1 Automotive (GPI) Q4 Earnings Expected to Decline
Group 1 Automotive (GPI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Group 1 Automotive Can Keep Driving Higher
Group 1 Automotive has delivered 126.6% returns since my 'strong buy' rating in December 2021, handily outperforming the S&P 500's 28.2% gain. Despite mixed financial performance and industry challenges, shares remain attractively priced, justifying the continued 'strong buy' rating. The company's revenue diversification, strong acquisition strategy, and effective share buybacks highlight its growth potential and resilience.
Why Is Group 1 Automotive (GPI) Up 17.4% Since Last Earnings Report?
Group 1 Automotive (GPI) reported earnings 30 days ago. What's next for the stock?
Group 1 Shares Rise 6% Since Q3 Earnings Miss Expectations
GPI's third-quarter earnings miss the Zacks Consensus Estimate, whereas, revenues beat the same.
Group 1 Automotive Inc. (GPI) Q3 2024 Earnings Call Transcript
Group 1 Automotive Inc. (NYSE:GPI ) Q3 2024 Results Conference Call October 30, 2024 10:00 AM ET Company Participants Pete DeLongchamps - Senior Vice President of Manufacturer Relations and Financial Services Daryl Kenningham - President and Chief Executive Officer Daniel McHenry - Senior Vice President and Chief Financial Officer Conference Call Participants Rajat Gupta - JP Morgan John Murphy - Bank of America Jeff Licht - Stephens Inc Michael Ward - Freedom Capital Glenn Chin - Seaport Research Partners Operator Good morning, ladies and gentlemen and welcome to Group 1 Automotive's Third Quarter 2024 Financial Results Conference Call. Please be advised that this call is being recorded.
Here's What Key Metrics Tell Us About Group 1 Automotive (GPI) Q3 Earnings
The headline numbers for Group 1 Automotive (GPI) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Group 1 Automotive (GPI) Q3 Earnings Miss Estimates
Group 1 Automotive (GPI) came out with quarterly earnings of $9.90 per share, missing the Zacks Consensus Estimate of $9.93 per share. This compares to earnings of $12.07 per share a year ago.
Analysts Estimate Group 1 Automotive (GPI) to Report a Decline in Earnings: What to Look Out for
Group 1 Automotive (GPI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Group 1 Automotive: Still Great, Still On Sale
I prefer a concentrated portfolio with 6 to 10 holdings, accepting more company-specific risk for potentially higher returns as a young, experienced investor. Despite selling Group 1 Automotive, I maintain a 'strong buy' rating due to its low multiples and rapid expansion, expecting further upside. Group 1 Automotive's revenue continues to grow, but profits and cash flows have weakened due to volatile pricing and reduced profit margins in vehicle sales.
Why Is Group 1 Automotive (GPI) Up 5.7% Since Last Earnings Report?
Group 1 Automotive (GPI) reported earnings 30 days ago. What's next for the stock?
Group 1 (GPI) Q2 Earnings Beat Expectations, Decline Y/Y
Group 1's (GPI) second-quarter 2024 earnings top the Zacks Consensus Estimate but decline year over year.
Group 1 Automotive (GPI) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Group 1 Automotive (GPI) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
