Group 1 Automotive, Inc. Common Stock (GPI)

Group 1 Automotive Inc (NYSE:GPI) reported fourth-quarter financial results before the market open on Wednesday. Here's a rundown of the report.

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GPI stock results show that Group 1 Automotive beat analyst estimates for earnings per share but missed on revenue for the second quarter of 2024.

Group 1 Automotive reported Q2 FY24 sales growth of 3% YoY to $4.696 billion, missing the $4.71 billion estimate. New vehicle sales increased by 5.4%, while used vehicle sales grew by 0.2%. Despite these gains, gross profit fell 1.2% to $766.5 million.

The online used-car seller continues to make used EV shopping easier.

Group 1 Automotive surpasses Q1 earnings estimates withsolid performance in UK operations, despite a slight net income decrease.

GPI stock results show that Group 1 Automotive beat analyst estimates for earnings per share and beat on revenue for the first quarter of 2024.

Group 1 Automotive to acquire Inchcape's U.K. dealerships for $439M in all-cash deal. Deal expected to close in Q3 2024.

Shares of Advanced Micro Devices, Inc. (NASDAQ: AMD) shares declined 3.8% to $165.49 following fourth-quarter results. AMD reported fourth-quarter non-GAAP earnings per share of 77 cents per share on revenue of $6.17 billion. AMD shares dipped 3.8% to $165.49 on Wednesday.

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