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Group 1 Automotive (GPI) announced that it is evaluating the extent of damage at seven out of its eight import and domestic dealerships in Oklahoma City, OK caused by the hail storm on May 29. According to the assessment, some of the facilities and inventories consisting of new and used vehicles were damaged. The company has [...]

Wells Fargo says that it is moving to a more cautious stance on the public auto retailers and downgrading Group 1 Automotive from Outperform to Market Perform. “Group 1 Automotive, Inc. (NYSE: GPI) shares are up approximately 30% over the past year versus the other public dealer groups, up approximately 10%,” Wells Fargo writes. “The catalyst for this change is our more conservative modeling assumptions for unit sales, which takes our estimates closer to consensus in 2011.” Wells...

Below are the top auto dealership stocks on the NYSE and the NASDAQ in terms of earnings estimate for the next quarter. The earnings estimate for America's Car-Mart Inc (NASDAQ: CRMT) for the next quarter ending January, 2011 is $0.64 per share. CRMT's PEG ratio is 0.62. Group 1 Automotive Inc (NYSE: GPI) is expected to earn $0.57 per share over the next quarter ending December, 2010. GPI's quarterly earnings gained 26.70% y/y. AutoNation Inc (NYSE: AN) is likely to earn $0.36 per share...

Goldman Sachs is reiterating its Buy rating on shares of Group 1 Automotive, Inc. (NYSE: GPI), after it met with company management yesterday. In the research note, Goldman writes, "New vehicles: While long-term new vehicle gross margins should return to 6%-6.5% levels, the company believes they will remain below this in the near term while SAAR is at depressed levels. GPI has selectively traded in margin for volume in 1H and remains open to doing that opportunistically." Shares of GPI...

Group 1 Automotive Inc. (GPI) is up more than 200% in the last 8 months, but analysts see more upside, with the next-year estimate projecting 35% earnings growth. Company Description Group 1 Automotive, Inc., through its subsidiaries, operates in the automotive retail industry selling both new and used cars and providing various services. The company was founded [...]

Group 1 Automotive (GPI) revealed a profit of $16.8 million or 71 cents per share in the third quarter, an improvement from $8.2 million or 37 cents per share in the same quarter of the previous year. With this, the company marginally exceeded the Zacks Consensus Estimate of 70 cents per share. However, weakness in [...]