Group 1 Automotive
Softer sales, margins hit public retailersJuly 31
Publicly traded auto retailers had to balance gains in used-car sales, finance and insurance revenues and service and parts income against softer new-vehicle sales and margins in the second quarter. Results were mixed.
Group 1 Q2 net falls 16% on energy marketsJuly 27
Group 1 buys 12 London dealershipsJuly 10
Group 1 buys 12 U.K. dealershipsJuly 5
Group 1 names Quinn non-executive chairmanMay 12
Group 1's first-quarter profits slip on Oil Patch strugglesApril 28
CEO: Used sales at AutoNation show promiseFeb. 6
AutoNation sees used-vehicle sales at its soon-to-launch AutoNation USA used-vehicle stores as a major growth opportunity in 2017. The retailer has designed a strategy to fund the expansion which, CEO Mike Jackson said, won't be a drag on earnings.
AutoNews Now: Barra, Musk huddle with TrumpFeb. 3
Group 1 swings to black in Q4Feb. 2
Group 1 Automotive swung to a net profit of $30.8 million in the fourth quarter from a year-earlier loss, as new vehicle sales decreased but gross profit per unit grew, the Houston auto retailer said today.
Lithia, Group 1 return to the buy-sell arenaOct. 24, 2016
Group 1's Q3 net falls 22% on soft energy, UK marketsOct. 20, 2016
Group 1 Automotive's net income fell 22 percent in the third quarter to $35.4 million, hurt by sales weakness in energy-dependent markets and soft sales in the U.K. following the Brexit vote to leave the European Union.