Group 1 Automotive Q4 Profit Rises, Matches View - Quick Facts

(RTTNews) - Group 1 Automotive, Inc. (GPI), an automotive retailer, reported Wednesday that its fourth-quarter net income climbed 26.8 percent to $21.72 million from last year's $17.13 million. Earnings per share grew 15.7 percent to $0.81 from $0.70 a year ago.

Adjusted net income, which excluded items, was $28.9 million or $1.08 per share, compared to $24.01 million or $0.99 per share. On average, 12 analysts polled by Thomson Reuters expected earnings of $1.08 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter increased 17.6 percent to $2.28 billion from last year's $1.94 billion, while analysts expected revenues of $2.24 billion.

The company's U.S. revenues were $1.9 billion, an increase of 3.6 percent.

New vehicle revenues increased 16.9 percent on 17.4 percent more unit sales. New vehicle gross profit increased 14.6 percent.