Group 1 Automotive (GPI) Sees Bullish Sentiment From Analysts

We precocious published 12 Best Consumer Cyclical Stocks to Buy According to Analysts.  Group 1 Automotive, Inc. (NYSE:GPI) is 1 of the champion user cyclical stocks

Group 1 Automotive, Inc. (NYSE:GPI) is an automotive retailer with a beingness successful the US and UK. The steadfast has 259 dealerships crossed the US and UK, retired of which 146 are successful the US.

As of November 28th, retired of the 10 expert recommendations covering Group 1 Automotive, Inc. (NYSE:GPI), 2 were a Strong Buy, portion 4 were a Buy and 4 were Hold. The mean stock terms people was $469.11. One specified standing for Group 1 Automotive, Inc. (NYSE:GPI) came connected November 12th from Barclays.

It acceptable an Overweight standing connected the banal and a $510 stock terms target. The sum came arsenic portion of the bank’s broader sum of automotive firms, which saw the slope acceptable Overweight ratings for firms including AutoNation and Lithia Motors. In its note, Barclays noted that Group 1 Automotive, Inc. (NYSE:GPI) was trading astatine a P/E ratio beneath its humanities mean and that of its peers successful the dealership industry.

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Group 1 Automotive, Inc. (NYSE:GPI)’s fiscal third-quarter net saw it study $10.45 successful EPS, which fell abbreviated of expert estimates of $10.81. During the net call, analysts questioned the steadfast astir the softening of US luxury car sales, its determination to exit its UK Jaguar Land Rover dealerships, and the imaginable of partnering up with Chinese brands successful the UK.

In response, absorption outlined that portion determination was immoderate inventory buildup for luxury US cars successful Q3, the concern volition go clearer successful Q4. As for moving with Chinese brands, Group 1 Automotive, Inc. (NYSE:GPI)’s absorption stressed that it was holding discussions and would determine based connected whether the retail exemplary suited shareholder interests.

While we admit the imaginable of GPI arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.