Group 1 (GPI) Q4 Earnings Miss Estimates, Surge 88% Y/Y

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By Hardik in Business
Updated 3 years ago

GPI - Free Report) reported adjusted earnings per share of $5.66 for fourth-quarter 2020, missing the Zacks Consensus Estimate of $5.84. This underperformance primarily stemmed from lower-than-anticipated gross profit from Used Vehicle Retail, Parts & Services and Finance & Insurance units. Nonetheless, the bottom line surged 88% year over year. The automotive retailer reported net sales of $2,990.2 million, lagging the Zacks Consensus Estimate of $3,022 million. The top-line figure also dipped 3.8% year over year.

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