HOUSTON (AP) _ Group 1 Automotive Inc. (GPI) on Thursday reported third-quarter net income of $126.4 million.
The Houston-based company said it had net income of $6.83 per share. Earnings, adjusted to extinguish debt, came to $6.97 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $6.56 per share.
The auto dealer posted revenue of $3.04 billion in the period.
Group 1 Automotive shares have climbed 9% since the beginning of the year. The stock has increased 5% in the last 12 months.
