Group 1 Automotive: 2Q Earnings Snapshot

HOUSTON (AP) _ Group 1 Automotive Inc. (GPI) on Thursday reported second-quarter earnings of $56.5 million.

On a per-share basis, the Houston-based company said it had profit of $2.72. Earnings, adjusted for non-recurring gains, were $2.45 per share.

The auto dealer posted revenue of $2.94 billion in the period.

Group 1 Automotive shares have decreased slightly more than 8 percent since the beginning of the year. The stock has climbed nearly 8 percent in the last 12 months.