Group 1 Automotive (GPI) Loses 7.7% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Group 1 - Group 1 Automotive (GPI) has experienced a downtrend with a 7.7% decline in stock price over the past four weeks, but it is now in oversold territory, indicating a potential for a turnaround [1] - The Relative Strength Index (RSI) for GPI is currently at 27.3, suggesting that the heavy selling pressure may be exhausting itself and a price reversal could occur soon [5] - Analysts have raised earnings estimates for GPI by 0.6% over the last 30 days, indicating a consensus that the company may report better earnings than previously predicted, which typically leads to price appreciation [7] Group 2 - GPI holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a near-term turnaround [8]