trending Market Intelligence /marketintelligence/en/news-insights/trending/DDqFlHro0w5rA0ipTaw96Q2 content esgSubNav
In This List

Group 1 Automotive Q2 profit climbs 17.0% YOY

Blog

Insight Weekly: Recession risk persists; Banks pull back from crypto; 2022 laggard stocks rally

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Insight Weekly: Inflation eases; bank M&A slows; top companies boost market share

Blog

Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet


Group 1 Automotive Q2 profit climbs 17.0% YOY

Group 1 Automotive Inc. said its normalized net income for the second quarter amounted to $2.06 per share, compared with the S&P Capital IQ consensus estimate of $1.81 per share.

EPS increased 31.7% year over year from $1.56.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $48.0 million, an increase of 17.0% from $41.0 million in the prior-year period.

The normalized profit margin climbed to 1.8% from 1.6% in the year-earlier period.

Total revenue rose 8.6% year over year to $2.73 billion from $2.51 billion, and total operating expenses rose 8.3% year over year to $2.63 billion from $2.42 billion.

Reported net income increased year over year to $44.5 million, or $1.91 per share, from $16.2 million, or 62 cents per share.