This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.
|Zacks Rank||Definition||Annualized Return|
Zacks Rank Education - Learn more about the Zacks Rank
Zacks Rank Home - All Zacks Rank resources in one place
Zacks Premium - The only way to get access to the Zacks Rank
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at firstname.lastname@example.org or call 800-767-3771 ext. 9339.
Group 1 Automotive is a leading operator and consolidator in the highly fragmented automotive retailing industry. The company owns dealership franchises from where it sells new and used cars and light trucks, while also providing maintenance and repair services, selling replacement parts and arranging vehicle financing, insurance and service contracts.
GPI is a representative of the retail/wholesale auto/truck industry on today's Zacks #1 Rank List, as are CarMax, Inc. (KMX - Analyst Report) and Penske Automotive Group, Inc. (PAG - Analyst Report). (In total, there are 224 stocks on today's List.)
Earnings Estimates for Group 1 Automotive
The Zacks Consensus Estimate for this year is at $1.75 per share, marking a more than 24% gain over the last 2 months from $1.41. There has also been a slight, 2-cent gain in this guidance over the last 30 days.
GPI revised its 2009 earnings guidance to between $1.66 and $1.76 during its third quarter report.
Meanwhile, the Zacks Consensus Estimate for next year is $2.36, which suggests that Group 1 Automotive could put together sharp year-over-year profit growth of 35%. This guidance has gained more than 23% in the past 2 months from $1.91, and has also advanced from $2.29 in 30 days.
In late October, Group 1 Automotive announced adjusted EPS from continuing operations of 71 cents for the third quarter. The result inched past the Zacks Consensus Estimate of 70 cents. It was the fourth straight quarter of better-than-expected results. In fact, the company has amassed an average surprise of more than 200% in those 4 quarters (mostly because of a 700% beat in last year's fourth quarter).
Total revenues declined to approximately $1.25 billion from $1.43 billion. The company sold 25,057 new vehicles during the quarter, and 4,874 were part of the CARS program.
"Our strong third-quarter performance validates that Group 1's business model is flexible enough to react quickly to changes in market conditions," said President and CEO of Group 1 Automotive Earl J. Hesterberg. "The cost reductions and inventory controls we implemented in the first half of the year have positioned Group 1 to benefit from any improvement in new vehicle volumes, as demonstrated this quarter."
Please login to Zacks.com or register to post a comment.