Group 1 Automotive price target lowered to $560 from $565 at BofA

BofA lowered the firm’s price target on Group 1 Automotive (GPI) to $560 from $565 and keeps a Buy rating on the shares, noting that its target change reflects trimmed 2026 EPS estimates. Entering earnings season for the autos group, industry data suggest that Q2 “shaped up much better than initial concerns,” says the analyst, who expects that robust sales in both the new and used vehicle market should benefit dealers in Q2.