Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 300 automotive retailer with 203 dealerships located in the U.S. and U.K., today announced its board of directors approved a new share repurchase authorization of $250 million, and also declared a quarterly dividend.
Asbury's (ABG) first-quarter earnings miss estimates due to lower-than-expected gross profit from new vehicle, parts and service, and finance and insurance businesses.
Carvana (CVNA) puts up a solid first-quarter show, registering a record adjusted EBITDA margin of 7.7%. It expects a year-over-year increase in its retail sales units and adjusted EBITDA in 2024.