Group 1 Auto (NYSE:GPI) has been downgraded from Neutral to Sell in a report by Goldman Sachs today.
- Updated: November 27, 2016
Goldman Sachs has downgraded Group 1 Auto (NYSE:GPI) from Neutral to Sell in a report released on 11/22/2016.
Yesterday Group 1 Auto (NYSE:GPI) traded 0.75% higher at $70.51. The company’s 50-day moving average is $63.10 and its 200-day moving average is $59.91. The last stock close price is up 21.62% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 124,073 shares of the stock were exchanged, down from an average trading volume of 312,800
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Group 1 Auto has a PE ratio of 19.91 with a one year low of $47.31 and a one year high of $82.84 Group 1 Auto’s market capitalization is presently $0.
A total of 8 brokerages have issued a ratings update on Group 1 Auto. Three brokerages rating the company a strong buy, two brokerages rating the company a buy, six brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $85.63.
General Company Details For Group 1 Auto (NYSE:GPI)
Group 1 Automotive, Inc. is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts. It operates through three segments: the U.S., which includes the activities of its corporate office, the U.K. and Brazil. The Company owns and operates approximately 200 franchises, representing over 32 brands of automobiles, at over 152 dealership locations and over 35 collision centers around the world. It sells replacement parts, and provides maintenance and repair services at each of its franchised dealerships and provides collision restoration services. The Company performs both warranty and non-warranty service works at its dealerships, for the vehicle brand(s) sold at a particular location. It offers a range of third-party finance, vehicle service and insurance products.
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