Group 1 Automotive Inc. said its fourth-quarter normalized net income amounted to $1.77 per share, compared with the S&P Capital IQ consensus estimate of $1.78 per share.
EPS increased year over year from $1.71.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $40.2 million, compared with $40.0 million in the year-earlier period.
The normalized profit margin fell to 1.5% from 1.6% in the year-earlier period.
Total revenue increased 5.3% year over year to $2.67 billion from $2.54 billion, and total operating expenses rose 5.4% year over year to $2.58 billion from $2.45 billion.
Reported net income came to a loss of $32.2 million, or a loss of $1.42 per share, compared to income of $18.0 million, or 77 cents per share, in the prior-year period.
For the year, the company's normalized net income totaled $7.36 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $7.12.
EPS rose 14.2% from $6.44 in the prior year.
Normalized net income was $170.3 million, an increase of 6.2% from $160.3 million in the prior year.
Full-year total revenue grew 7.0% year over year to $10.63 billion from $9.94 billion, and total operating expenses increased 7.0% year over year to $10.26 billion from $9.59 billion.
The company said reported net income totaled $90.3 million, or $3.90 per share, in the full year, compared with $89.5 million, or $3.60 per share, the prior year.