On Sep 11, we issued an updated research report on Group 1 Automotive, Inc. (GPI - Free Report) .
In second-quarter fiscal 2017 (ended Jun 30, 2017), Group 1 Automotive reported adjusted earnings per share of $1.87, missing the Zacks Consensus Estimate of $1.99. However, the top line was almost in line with the Zacks Consensus Estimate.
Earnings estimates for Group 1 Automotive have been going down of late. In the last seven days, estimates for fiscal third quarter have slid 0.5% to $1.92.
Group 1 Automotive, Inc. Price and Consensus
In order to expand business, the company engages in frequent acquisition and divestments of dealerships and franchises. In August, Group 1 Automotive acquired Audi dealership in Forth Worth, TX. The dealership’s expected annualized revenue is $55 million.
Previously in June, the company acquired Beadles Group Ltd., a U.K.-based automotive retailer, enabling it to expand operations in the United Kingdom.
However, the company has been witnessing a decline in new vehicle unit sales, which dropped by 6.3% in the second quarter from the year-ago level. It also has been observing weak volume sales across the oil-dependent markets of United States and Brazil.
Price Performance
Group 1 Automotive’s stock has plunged 15.5% year to date, substantially outperforming the 4.4% fall of the industry it belongs to.
Zacks Rank & Key Picks
Group 1 Automotive currently carries a Zacks Rank #3 (Hold).
A few better-ranked automobile stocks are Toyota Motor Corporation (TM - Free Report) , Allison Transmission Holdings, Inc. (ALSN - Free Report) and Ferrari N.V. (RACE - Free Report) , all currently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Toyota has a long-term growth rate of 7%.
Allison Transmission has a long-term growth rate of 10%.
Ferrari has an expected long-term earnings growth rate of 14.1%.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
On Sep 11, we issued an updated research report on Group 1 Automotive, Inc. (GPI - Free Report) .
In second-quarter fiscal 2017 (ended Jun 30, 2017), Group 1 Automotive reported adjusted earnings per share of $1.87, missing the Zacks Consensus Estimate of $1.99. However, the top line was almost in line with the Zacks Consensus Estimate.
Earnings estimates for Group 1 Automotive have been going down of late. In the last seven days, estimates for fiscal third quarter have slid 0.5% to $1.92.
Group 1 Automotive, Inc. Price and Consensus
In order to expand business, the company engages in frequent acquisition and divestments of dealerships and franchises. In August, Group 1 Automotive acquired Audi dealership in Forth Worth, TX. The dealership’s expected annualized revenue is $55 million.
Previously in June, the company acquired Beadles Group Ltd., a U.K.-based automotive retailer, enabling it to expand operations in the United Kingdom.
However, the company has been witnessing a decline in new vehicle unit sales, which dropped by 6.3% in the second quarter from the year-ago level. It also has been observing weak volume sales across the oil-dependent markets of United States and Brazil.
Price Performance
Group 1 Automotive’s stock has plunged 15.5% year to date, substantially outperforming the 4.4% fall of the industry it belongs to.
Zacks Rank & Key Picks
Group 1 Automotive currently carries a Zacks Rank #3 (Hold).
A few better-ranked automobile stocks are Toyota Motor Corporation (TM - Free Report) , Allison Transmission Holdings, Inc. (ALSN - Free Report) and Ferrari N.V. (RACE - Free Report) , all currently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Toyota has a long-term growth rate of 7%.
Allison Transmission has a long-term growth rate of 10%.
Ferrari has an expected long-term earnings growth rate of 14.1%.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on TM - FREE
Get the latest research report on GPI - FREE
Get the latest research report on ALSN - FREE
Get the latest research report on RACE - FREE