Group 1 Automotive (GPI) Gets a Buy from Bank of America Securities

Bank of America Securities analyst Federico Merendi reiterated a Buy rating on Group 1 Automotive today and set a price target of $545.00. The company’s shares closed yesterday at $474.78.

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Merendi covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Lucid Group, and PHINIA Inc.. According to TipRanks, Merendi has an average return of 6.9% and a 75.00% success rate on recommended stocks.

Group 1 Automotive has an analyst consensus of Moderate Buy, with a price target consensus of $489.25.

GPI market cap is currently $6.17B and has a P/E ratio of 13.22.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GPI in relation to earlier this year. Last month, Lincoln Pereira, a Director at GPI sold 7,000.00 shares for a total of $3,285,310.00.