Citi raised the firm’s price target on Group 1 Automotive (GPI) to $495 from $463 and keeps a Buy rating on the shares. The firm says auto dealers are less vulnerable to higher tariffs relative to the rest of the auto sector or other retailers. The firm expects another strong quarter in Q2 for Group 1, saying it will benefit from higher demand in the U.S., lower floorplan interest, gains in Parts & Services, cost improvement in the UK, a lower share count and an easy compare. Positive momentum will allow the stock’s valuation multiples to move towards normalized levels, contends Citi.
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Read More on GPI:
- Group 1 Automotive’s Earnings Call: Mixed Results with Strategic Growth
- Group 1 Automotive Reports Strong Revenue Growth in Q1 2025
- Strong Financial Performance and Strategic Initiatives Drive Buy Rating for Group 1 Automotive
- Group 1 Automotive reports Q1 EPS $10.17, consensus $9.67
- Group 1 Automotive initiated with a Buy at Citi
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