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Group 1 Q2 earnings: Record revenue, gross profit as US business prospers

Dealership giant Group 1 Automotive Inc. reported Wednesday that revenue and net income rose in the second quarter in part on higher new-vehicle profitability and gains from acquisitions. The Houston-based dealership group said net income rose 2.6 percent to $195.9 million and revenue rose 14 percent to a record $4.15 billion. Net income from continuing …

Group 1 Q2 earnings: Record revenue, gross profit as US business prospers Read More »

Group 1 Q2 earnings: Record revenue, gross profit as US business prospers

Dealership giant Group 1 Automotive Inc. reported Wednesday that revenue and net income rose in the second quarter in part on higher new-vehicle profitability and gains from acquisitions. The Houston-based dealership group said net income rose 2.6 percent to $195.9 million and revenue rose 14 percent to a record $4.15 billion. Net income from continuing …

Group 1 Q2 earnings: Record revenue, gross profit as US business prospers Read More »