Earl Hesterberg

Group 1 operating income rises on higher new-vehicle sales

10:40 am U.S. ET | May 2, 2013
Higher new-vehicle sales and increased gross profits in all business segments drove Group 1 Automotive's operating income higher during the first quarter of 2012, but net income dropped 4 percent.... Read More »

 

Group 1 to revise pay plans after Q4 net income drops 18%

1:16 pm U.S. ET | Feb. 19, 2013
Group 1 Automotive will tweak its pay plan for dealership sales staffers after the retailer's fourth-quarter variable compensation expenses came in $2 million higher than expected -- contributing to an 18 percent drop in fourth-quarter net income.... Read More »

 

Group 1's East Coast dealers expect $2 million in inventory losses

4:21 pm U.S. ET | Nov. 1, 2012
Group 1 Automotive's 24 East Coast dealerships are facing $2 million in inventory losses after Superstorm Sandy. Group 1, the nation's fourth-largest dealership group, estimates it will incur a $250,000 pre-tax deductible charge for facilities damages in the fourth quarter and $2 million in inventory losses.... Read More »

 

Group 1 eager for more acquisitions as profits rise

11:33 am U.S. ET | Oct. 25, 2012
Store acquisitions slowed during the third quarter for Group 1 Automotive Inc., but CEO Earl Hesterberg is still working to put deals together. “It's still our intention and desire to grow the company, and that's still our preferred use of our cash,” Hesterberg said today after the retailer announced record third-quarter earnings.... Read More »

 

Group 1 reports minor damage to its Gulf Coast dealerships

4:12 pm U.S. ET | Sept. 4, 2012
Group 1 Automotive said today that its Gulf Coast dealerships were spared major damage last week from Hurricane Isaac, but they expect light customer traffic while the region recovers from the storm.... Read More »

 

Group 1 posts 16% gain in Q2 net income with all segments rising

9:21 am U.S. ET | July 26, 2012
Higher vehicle volume and record finance-and-insurance income drove Group 1 Automotive to a 16 percent gain in second-quarter net income. The nation's fourth-largest dealership group today reported net income of $28.6 million, up from $24.7 million a year ago. Revenues jumped 29 percent to $1.9 billion, a record high for any quarter for the company.... Read More »

 

Public dealer groups seen posting higher Q2 sales, profits

5:40 pm U.S. ET | July 10, 2012
The outlook is good for strong sales and earnings for the publicly traded dealership groups when they report second-quarter results later this month, a Wells Fargo analyst said Tuesday.... Read More »