Group 1 AutomotiveGPI
Market Cap: $4.81B
About: As of July, Group 1 owns and operates 42 collision centers and 206 automotive dealerships in the us and the UK, offering 35 brands of automobiles altogether. About 150 of the stores are in the us with locations mostly in metropolitan areas in 17 states in the Northeast, Southeast, Midwest, and California. Texas alone contributed 38% of new-vehicle unit volume in 2023 and the UK about 19%. Texas, Oklahoma, and Massachusetts combined was 53%. Revenue in 2023 totaled $17.9 billion. The Inchcape UK deal should close in third-quarter 2024 and add nearly $3 billion of annual revenue. That deal will bring the UK store count to over 110. The company was founded in 1995 and is based in Houston.
Employees: 16,011
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
1% more call options, than puts
Call options by funds: $113M | Put options by funds: $112M
0% more capital invested
Capital invested by funds: $4.08B [Q1] → $4.08B (+$1.05M) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 7 [Q1] → 7 (+0) [Q2]
0.51% less ownership
Funds ownership: 102.08% [Q1] → 101.57% (-0.51%) [Q2]
4% less funds holding
Funds holding: 368 [Q1] → 353 (-15) [Q2]
21% less repeat investments, than reductions
Existing positions increased: 116 | Existing positions reduced: 147
29% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 52
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Morgan Stanley Adam Jonas 49% 1-year accuracy 30 / 61 met price target | 21%downside $285 | Equal-Weight Maintained | 14 Aug 2024 |
JP Morgan Rajat Gupta 69% 1-year accuracy 18 / 26 met price target | 0%upside $360 | Overweight Maintained | 6 Aug 2024 |
B of A Securities John Murphy 49% 1-year accuracy 17 / 35 met price target | 21%upside $435 | Buy Maintained | 22 Jul 2024 |