Group 1 Automotive (GPI) Sees Bullish Sentiment From Analysts

Core Insights - Group 1 Automotive, Inc. (NYSE:GPI) is recognized as one of the best consumer cyclical stocks, operating 259 dealerships in the US and UK, with 146 located in the US [1] Analyst Recommendations - As of November 28th, there are 10 analyst recommendations for Group 1 Automotive, with 2 Strong Buy, 4 Buy, and 4 Hold ratings, and an average share price target of $469.11 [2] - Barclays set an Overweight rating on GPI with a price target of $510, highlighting that GPI is trading at a P/E ratio below its historical average and that of its peers [3] Financial Performance - In the fiscal third quarter, Group 1 Automotive reported an EPS of $10.45, which was below analyst estimates of $10.81 [4] - Analysts raised concerns regarding the decline in US luxury car sales, the exit from UK Jaguar Land Rover dealerships, and potential partnerships with Chinese brands [4] Management Response - Management acknowledged an inventory buildup for luxury US cars in Q3 but expects clarity in Q4 [5] - Discussions are ongoing regarding partnerships with Chinese brands, with decisions to be made based on shareholder interests [5]