Benchmark has started covering Group 1 Automotive (GPI, Financial) with a Hold rating, without specifying a price target. The firm acknowledges the company's robust operational capabilities, which could justify a premium valuation. However, after a strong performance thus far this year, Benchmark perceives limited potential for further gains in the stock. The current uncertain macroeconomic environment contributes to their cautious stance, as they wait for a more favorable opportunity to invest.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Group 1 Automotive Inc (GPI, Financial) is $479.43 with a high estimate of $565.00 and a low estimate of $385.00. The average target implies an upside of 6.93% from the current price of $448.37. More detailed estimate data can be found on the Group 1 Automotive Inc (GPI) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Group 1 Automotive Inc's (GPI, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Group 1 Automotive Inc (GPI, Financial) in one year is $384.72, suggesting a downside of 14.2% from the current price of $448.37. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Group 1 Automotive Inc (GPI) Summary page.
