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J.P. Morgan Sticks to Its Buy Rating for Group 1 Automotive (GPI)

Tipranks - Tipranks - Sat Mar 21, 7:02AM CDT

In a report released today, Rajat Gupta CFA from J.P. Morgan maintained a Buy rating on Group 1 Automotive, with a price target of $370.00.

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Gupta CFA covers the Consumer Cyclical sector, focusing on stocks such as Carvana Co, Group 1 Automotive, and CarMax. According to TipRanks, Gupta CFA has an average return of 10.4% and a 53.92% success rate on recommended stocks.

In addition to J.P. Morgan, Group 1 Automotive also received a Buy from Bank of America Securities’s Alexander Perry in a report issued on March 4. However, on March 18, TipRanks – OpenAI 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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