In yesterday’s note, I walked you through the potential impact the acquisition of Chandlers (in the United Kingdom) by Group 1 would work out to ~$3 million, which divided by 24 million shares would be a little more than a penny a share.  I clearly had the decimal in the wrong place, because $3 million divided by 24 million shares works out to nearly $0.13 a share. 

Now keep in mind, management did not revise their guidance (like I started out saying.)  And management said the top quartile of BMW dealers generate 3% pre-tax profit margins (which is how you work down to the $0.13.)  They did not say Chandlers is in the top quartile.  But if they look to make improvements (like they ...

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Related Companies: Group 1 Automotive