BofA raised the firm’s price target on Group 1 Automotive (GPI) to $550 from $500 and keeps a Buy rating on the shares. The firm lowered its North American auto production estimate to 16.1M from 16.7M to reflect plant downtime and a material increase in Chinese imports to Mexico. Commentary from dealers for 2025 was encouraging and pointed to “another year of solid growth” highlighted by growing volumes, stable pricing, and continued execution, the firm adds.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GPI:
- Group 1 Automotive Announces Retirement of Senior VP
- Group 1 Automotive price target raised to $502 from $495 at Guggenheim
- Group 1 Automotive’s Operational Risks: Navigating Vendor Dependencies and Cybersecurity Threats
- Group 1 Automotive price target raised to $495 from $420 at JPMorgan
- Group 1 Automotive raises annual dividend 6% to $2.00 per share