Stephens analyst Daniel Imbro raised the firm’s price target on Group 1 Automotive to $290 from $275 and keeps an Overweight rating on the shares after the company reported "another" EPS beat along with top-line growth and share repurchases that were stronger than expected. Earnings call commentary suggests that new unit profitability should remain relatively resilient through 2023, the firm tells investors.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on GPI:
- Group 1 Automotive reports Q4 EPS $10.75, consensus $10.66
- Group 1 Automotive Announces Record Fourth Quarter and Full Year 2022 Financial Results
- Group 1 Automotive names Gillian Hobso as CLO, Kimberly Barta as CMO
- Used car prices still have room to decrease ‘significantly,’ says Morgan Stanley
- Group 1 Automotive management to meet with Seaport Global
