Group 1 Automotive falls after Guggenheim downgrades to 'neutral'
ReutersMay 14, 2025 2:10 PM
*Automotive retailer co Group 1 Automotive GPI.N falls marginally 0.4% to $447 in early-trade
Guggenheim downgrades co to "neutral" from "buy"; price target unchanged at $426
Says rating change due to mix of premium valuation, potential tariff risk on the business and expected slow sales
Adds price hike due to tariff will start impacting co's results sooner than the peer
"Softening U.S. new seasonally adjusted annualised rate (SAAR) environment and premium valuation pose risks in the near-term"- Guggenheim
Co's adj. EPS beat analysts' estimates for two consecutive quarters
Seven of 9 brokerages rate the stock "buy" or higher, 2 "hold"; their median PT is $480 - data compiled by LSEG
Including session moves shares are up 6.1% YTD
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