Group 1 Automotive Reports First Quarter 2017 Financial Results quoting : "Seeking Alpha"

John Max

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Penske Automotive Group, Inc. (NYSE:PAG) – Equities research analysts at KeyCorp dropped their Q2 2017 earnings per share (EPS) estimates for facebook/" target="_blank">shares of Penske Automotive Group in a research report issued on Wednesday. KeyCorp also issued estimates for Penske Automotive Group's Q3 2017 earnings at $1.11 EPS and Q4 2017 earnings at $1.04 EPS. Penske Automotive Group (NYSE:PAG) last announced its quarterly earnings results on Wednesday, April 26th. Penske Automotive Group had a return on equity of 19.31% and a net margin of 1.70%. About Penske Automotive GroupPenske Automotive Group, Inc is an international transportation services company.

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Asbury Automotive Group's (ABG) CEO Craig Monaghan on Q1 2017 Results - Earnings Call Transcript

Asbury Automotive Group's (ABG) CEO Craig Monaghan on Q1 2017 Results - Earnings Call Transcript

We continue to believe that there is additional opportunity to grow our used vehicle sales. We target a range of 30 to 35 days which minimizes our risk of major movement in used vehicle valuations. Increased used vehicle sales, combined with a $91 increase in our F&I per vehicle retail, enabled us to increase F&I gross profit 9%. Our used vehicle retail gross profit was down 2% due to our decision to trade margin for volume. As you are well aware, incremental used vehicle sales provide profit opportunities in both F&I and parts and service.

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