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Evercore ISI Remains a Buy on Group 1 Automotive (GPI)

Tipranks - Tipranks - Wed Apr 1, 1:04PM CDT

Evercore ISI analyst Chris McNally maintained a Buy rating on Group 1 Automotive yesterday and set a price target of $500.00.

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McNally covers the Consumer Cyclical sector, focusing on stocks such as BorgWarner, Aptiv, and Magna International. According to TipRanks, McNally has an average return of 0.3% and a 47.01% success rate on recommended stocks.

In addition to Evercore ISI, Group 1 Automotive also received a Buy from Benchmark Co.’s Michael Albanese in a report issued yesterday. However, on March 18, TipRanks – Google reiterated a Hold rating on Group 1 Automotive (NYSE: GPI).

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Based on Group 1 Automotive’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.58 billion and a net profit of $43.1 million. In comparison, last year the company earned a revenue of $5.55 billion and had a net profit of $94.8 million

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