Group 1 Automotive: Q4 Earnings Snapshot

HOUSTON (AP) _ Group 1 Automotive Inc. (GPI) on Wednesday reported fourth-quarter profit of $152.4 million.

On a per-share basis, the Houston-based company said it had profit of $10.76. Earnings, adjusted for one-time gains and costs, were $10.86 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $10.51 per share.

The auto dealer posted revenue of $4.07 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $3.87 billion.

For the year, the company reported profit of $730.3 million, or $47.14 per share. Revenue was reported as $16.22 billion.


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