Market Overview

UPDATE: Stifel Nicolaus Raises PT to $80 on Group 1 Automotive on Car Sales Outlook

Related GPI
Top 4 NYSE Stocks In The Auto Dealerships Industry With The Highest EPS Growth Forecast For Next 5 Years
Top 4 Stocks In The Auto Dealerships Industry With The Highest Dividend Yield
This Week's Best Value Stocks: (GPI) (GMT) - Jan 27, 2015 - Video Blog (Zacks)

Stifel Nicolaus reiterated its Buy rating on Group 1 Automotive (NYSE: GPI) and increased its price target from $62 to $80.

Stifel Nicolaus noted, "[W]e believe the recent U.S. vehicle sales ramp has generally been driven by credit availability and improving housing sentiment, but not vehicle breakdowns. Vehicles remain substantially older than average, meaning we could potentially see more sensitivity to cold weather snaps this winter. Japanese brands are outperforming, and GPI has outsized exposure to the J-3 relative to most peers. Some of this is due to easier comparisons (lapping supply shortages), but as fuel inflation returns to the forefront of the U.S. consumers' mindset, we think consumers will continue to favor Japanese brands relative to domestic and European peers (though domestics rapidly improving)."

Group 1 Automotive closed at $63.22 on Friday.

Latest Ratings for GPI

Dec 2014Sidoti & Co.DowngradesBuyNeutral
Oct 2014Goldman SachsDowngradesNeutralSell
Jul 2014KeyBancMaintainsBuy

View More Analyst Ratings for GPI
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings


Related Articles (GPI)

Around the Web, We're Loving...

Get Benzinga's Newsletters