Report
David Whiston, CFA, CPA, CFE
EUR 147.86 For Business Accounts Only

Group 1 Holds Firm on New Vehicle Pricing, but Brexit and Weak Oil States Weigh on Third Quarter

Group 1 reported third-quarter results that had some bright spots, especially in U.S. new vehicle price discipline, but a stronger dollar against the sterling since the June Brexit vote and headwinds in Texas and Oklahoma resulted in adjusted diluted EPS of $1.96 badly missing consensus of $2.10. EPS still grew by 2.6% year over year while record third-quarter revenue of $2.8 billion met consensus. Revenue increased 0.8% but grew 3.3% on a constant-currency basis, and excluding exchange, all are...
Underlying
Group 1 Automotive Inc.

Group 1 Automotive is an operator in the automotive retail industry. Through its dealerships, the company sells new and used cars and light trucks, arranges related vehicle financing, sells service and insurance contracts, provides automotive maintenance and repair services, and sells vehicle parts. The company sells retail used vehicles directly to its customers at its dealerships or via its internet sites and wholesale used vehicles at auctions. The company sells replacement parts and provides both warranty and non-warranty maintenance and repair services, as well as provides collision repair services at the collision centers that the company operates. The company also sells parts to wholesale customers.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
David Whiston, CFA, CPA, CFE

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