This week Pendragon, the largest franchised auto retail group in the United Kingdom, lowered its operating earnings expectations by 12 million pounds this year, and 18 million next year. 

The stock got crushed (down 30%.)

Management cited a very competitive new vehicle market causing margin pressure with their used vehicles.  They also have a number of dealerships in California, and cited a tough economic backdrop and the bush fires in Southern California. 

Group 1 has a handful of stores in the United Kingdom.  But right now I don't think the roughly $180 million in revenues being generated from Group 1's U.K. platform (out of $6+ billion company-wide) are enough to cause serious swings to the company's overall annual earnings trends.   < ...

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Related Companies: Group 1 Automotive
Penske Automotive Group (formerly UnitedAuto)