Group 1 Automotive reports Q2 adjusted EPS $11.57, consensus $10.45

Reports Q2 revenue $5.7B, consensus $5.67B. Same store revenues increased 7.1% in Q2. “We were pleased with our growth in the second quarter. Same store revenues increased 7.1%. Parts and service was a bright spot in both markets, driven by double digit same store growth in customer pay and a tailwind from warranty. F&I was also a good story, especially in the U.K. where same store gross profit per unit rose over 26%, and we closed on three outstanding dealerships in the U.S.,” said Daryl Kenningham, Group 1’s president and CEO.