Group 1 Automotive
CEO: Used sales at AutoNation show promiseMon, 06, Feb 2017
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.
Group 1 swings to black in Q4Thu, 02, Feb 2017
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 arenaMon, 24, Oct 2016
Group 1's Q3 net falls 22% on soft energy, UK marketsThu, 20, Oct 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.
Stop-sales punish publics' profitsMon, 01, Aug 2016
Group 1's Q2 profits flat, hit by storm expensesThu, 28, Jul 2016
Group 1 Automotive's net income rose 0.6 percent in the second quarter to $46.6 million, largely buoyed by its parts and service and finance and insurance operations. Its new-vehicle retail sales in the U.S. declined, but profits per unit retailed rose.
Penske, Group 1 assess the damageMon, 27, Jun 2016
Penske Automotive and Group 1 Automotive took an immediate stock-price hit in the wake of Britain's vote to exit the European Union. Earnings will suffer from a collapsing British pound. But the longer-term impact remains unclear.
Penske Automotive, Group 1 shares plunge after Brexit voteFri, 24, Jun 2016
Shares of Penske Automotive Group and Group 1 Automotive, two of the three largest U.S. dealership groups, fell Friday to their lowest levels since February on concerns over the U.K.'s decision to leave the European Union.
Group 1 CEO says automakers need to cut productionWed, 27, Apr 2016
Dealers nationwide are getting ready for a plateau in new-vehicle salesMon, 28, Mar 2016
If new-vehicle sales stall, will F&I step up?Mon, 28, Mar 2016
Dealerships have long relied on F&I departments for profit. If new-vehicle sales decrease or plateau, F&I departments could be part of the solution to securing healthy dealership profits -- but not on their own, industry insiders say.
Group 1 adjusted earnings fall in Q4; Brazil hurts bottom lineThu, 11, Feb 2016
Group 1's revenue increased in the fourth quarter, thanks to higher sales volumes in the U.S. and the United Kingdom, but its profit in the final three months of the year declined because of tighter margins on new cars, especially luxury vehicles.