Group 1 Automotive GPI reported adjusted earnings per share of $3.77 in second-quarter 2020, beating the Zacks Consensus Estimate of 91 cents. The bottom line also rose from the prior-year quarter’s $2.83 per share. Higher-than-expected revenues from new vehicles led to the outperformance.
Revenues of $2.13 billion fell 29.1% year over year. The top line, however, beat the Zacks Consensus Estimate of $2.06 billion.
Group 1 Automotive, Inc. Price, Consensus and EPS Surprise
Group 1 Automotive, Inc. price-consensus-eps-surprise-chart | Group 1 Automotive, Inc. Quote
New-vehicle retail sales declined 32.1% from the prior-year quarter to $1.06 billion. However, the figure surpassed the Zacks Consensus Estimate of $1.04 billion. Used-vehicle sales fell 23.6% from the year-ago quarter to $641.2 million. The metric also missed the consensus mark of $794 million. For the Parts and Service business, the top line slumped