Group 1 Automotive revs up on Q3 profit beat

Group 1 Automotive

26/10/2022 16:21

** Shares of new and used car and truck dealer Group 1
Automotive Inc  GPI.N  gains 1.9% at $165.99 in morning trade as
co reports Q3 profit above estimates
    ** Co reports adj EPS of $11.91 vs estimates of $11.30;
revenue $4.2 bln vs consensus view of $4.02 bln, according to
IBES estimates from Refinitiv  urn:newsml:reuters.com:*:nPnfGpyMa
    ** Co has beaten EPS estimates for nine of ten quarters
    ** Six of eight brokerages rate the stock "buy" or higher,
one "hold" and one "sell"; their median PT is $287.5 -Refinitiv
data
    ** Stock had fallen 16% YTD
 (Reporting by Shristi  Achar A in Bengaluru)
 ((Shristi.AcharA@thomsonreuters.com;))