Group 1 Executes Well to Finish 2017 Despite the U.S. Industry's Heavy Discounting
Group 1 reported good fourth-quarter 2017 results that showed the company’s pricing and brand mix are helping it withstand incentive pressure from new vehicle discounting in the U.S. We are not changing our fair value estimate, but as always, we will update our modeling assumptions when we incorporate the 10-K filing. Excluding a $73 million tax benefit from remeasuring deferred tax asset and liabilities for the U.S. tax rate change and other special items, adjusted diluted EPS of $2.11 easily b...
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.
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