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Group 1 Automotive (GPI) Rides on Dealership Expansions
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On Aug 10, we issued an updated research report on Group 1 Automotive, Inc. (GPI - Free Report) .
Headquartered in Houston, TX, Group 1 Automotive is a leading automotive retailer in the world.
Group 1 Automotive regularly acquires and divests dealerships, and franchises to expand its business. In August 2018, the company made the announcement of acquiring Honda dealerships in Louisiana and Texas. In the first half of 2018, the company acquired 12 franchises, with expected annual revenues of $405 million. In June 2018, the company disposed of three franchises, including BMW franchise in the United Kingdom as well as Mercedes-Benz and Sprinter franchises in Canada, generating revenues of approximately $115 million in the trailing 12-month period.
However, new vehicle sales environment in the U.K. remains weak due to Brexit issues. In the second half of 2018, new-vehicle registration for the industry in the U.K. decreased 6.3% year over year. Sales for the industry are likely to remain volatile in the near future and potentially down for 2018.
Price Performance
In the past year, shares of Group 1 Automotive have outperformed industry it belongs to. Over this time frame, shares of the company have grown 35.1%, whereas the industry increased 13.3%.
Zacks Rank & Key Picks
Group 1 Automotive currently carries a Zacks Rank #3 (Hold).
Fox Factory has an expected long-term growth rate of 16.8%. Shares of the company have risen 70.2% over the past year.
PACCAR has an expected long-term growth rate of 10.8%. Over the past month, shares of the company have moved up 1.6%.
AB Volvo has an expected long-term growth rate of 15%. Over the past year, shares of the company have gained 3.9%.
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.
Image: Bigstock
Group 1 Automotive (GPI) Rides on Dealership Expansions
On Aug 10, we issued an updated research report on Group 1 Automotive, Inc. (GPI - Free Report) .
Headquartered in Houston, TX, Group 1 Automotive is a leading automotive retailer in the world.
Group 1 Automotive regularly acquires and divests dealerships, and franchises to expand its business. In August 2018, the company made the announcement of acquiring Honda dealerships in Louisiana and Texas. In the first half of 2018, the company acquired 12 franchises, with expected annual revenues of $405 million. In June 2018, the company disposed of three franchises, including BMW franchise in the United Kingdom as well as Mercedes-Benz and Sprinter franchises in Canada, generating revenues of approximately $115 million in the trailing 12-month period.
However, new vehicle sales environment in the U.K. remains weak due to Brexit issues. In the second half of 2018, new-vehicle registration for the industry in the U.K. decreased 6.3% year over year. Sales for the industry are likely to remain volatile in the near future and potentially down for 2018.
Price Performance
In the past year, shares of Group 1 Automotive have outperformed industry it belongs to. Over this time frame, shares of the company have grown 35.1%, whereas the industry increased 13.3%.
Zacks Rank & Key Picks
Group 1 Automotive currently carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the auto space are Fox Factory Holding Corp. (FOXF - Free Report) , PACCAR Inc. (PCAR - Free Report) and AB Volvo (VLVLY - Free Report) . While Fox Factory Holding sports a Zacks Rank #1 (Strong Buy), both PACCAR and Volvo carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Fox Factory has an expected long-term growth rate of 16.8%. Shares of the company have risen 70.2% over the past year.
PACCAR has an expected long-term growth rate of 10.8%. Over the past month, shares of the company have moved up 1.6%.
AB Volvo has an expected long-term growth rate of 15%. Over the past year, shares of the company have gained 3.9%.
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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