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Group 1 Automotive (GPI) Rides on Dealership Expansions
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On Mar 5, we issued an updated research report on Group 1 Automotive, Inc. (GPI - Free Report) .
The company regularly engages in the acquisition and divestment of dealerships and franchises so as to expand its business. This is expected to increase its annualized revenues. In January 2018, Group 1 Automotive acquired two dealerships in Texas in order to strengthen its footprint in the rapidly growing El Paso market.
In 2017, the company acquired 12 dealerships in the United Kingdom, representing 14 franchises. Also, the company acquired three U.S. dealerships, started representing four franchises and added motorcycles to a BMW dealership in Brazil. The company also disposed of two dealerships in Brazil, including two franchises and one dealership in the United Kingdom last year.
In fourth-quarter 2017, Group 1 Automotive reported adjusted earnings per share of $2.11, beating the Zacks Consensus Estimate of $1.87. Results were aided by solid cost-control measures. Revenues rose 9.2% year over year to $2.92 billion and surpassed the Zacks Consensus Estimate of $2.82 billion.
Over the past six months, shares of Group 1 Automotive have outperformed the industry it belongs to. Over this time, shares of the company grew 11%, whereas the industry rose 7.2%.
A few other top-ranked stocks in the auto space are Gentex Corporation (GNTX - Free Report) , Volkswagen AG and AB Volvo (VLVLY - Free Report) . Each of these stocks carries a Zacks Rank #2 (Buy).
Gentex Corporation has an expected long-term growth rate of 9.7%. In the past six months, shares of the company have gained 26.6%.
Volkswagen has an expected long-term growth rate of 18.7%. Shares of the company have risen 23.9% in the past six months.
AB Volvo has an expected long-term growth rate of 15%. In the past six months, shares of the company have inched up 0.5%.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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Group 1 Automotive (GPI) Rides on Dealership Expansions
On Mar 5, we issued an updated research report on Group 1 Automotive, Inc. (GPI - Free Report) .
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The company regularly engages in the acquisition and divestment of dealerships and franchises so as to expand its business. This is expected to increase its annualized revenues. In January 2018, Group 1 Automotive acquired two dealerships in Texas in order to strengthen its footprint in the rapidly growing El Paso market.
In 2017, the company acquired 12 dealerships in the United Kingdom, representing 14 franchises. Also, the company acquired three U.S. dealerships, started representing four franchises and added motorcycles to a BMW dealership in Brazil. The company also disposed of two dealerships in Brazil, including two franchises and one dealership in the United Kingdom last year.
In fourth-quarter 2017, Group 1 Automotive reported adjusted earnings per share of $2.11, beating the Zacks Consensus Estimate of $1.87. Results were aided by solid cost-control measures. Revenues rose 9.2% year over year to $2.92 billion and surpassed the Zacks Consensus Estimate of $2.82 billion.
Over the past six months, shares of Group 1 Automotive have outperformed the industry it belongs to. Over this time, shares of the company grew 11%, whereas the industry rose 7.2%.
Group 1 Automotive currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
A few other top-ranked stocks in the auto space are Gentex Corporation (GNTX - Free Report) , Volkswagen AG and AB Volvo (VLVLY - Free Report) . Each of these stocks carries a Zacks Rank #2 (Buy).
Gentex Corporation has an expected long-term growth rate of 9.7%. In the past six months, shares of the company have gained 26.6%.
Volkswagen has an expected long-term growth rate of 18.7%. Shares of the company have risen 23.9% in the past six months.
AB Volvo has an expected long-term growth rate of 15%. In the past six months, shares of the company have inched up 0.5%.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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