GPI Stock Summary and Trading Ideas (Group 1 Automotive | NYSE:GPI)

As of year-end 2023, Group 1 owns and operates 41 collision centers and 199 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 about $3 billion of revenue. That deal will bring the UK store count to 109 and total stores to more than 250. The company was founded in 1995 and is based in Houston.

Group 1 Automotive trades on the NYSE stock market under the symbol GPI.

As of April 18, 2024, GPI stock price declined to $263.16 with 101,701 million shares trading.

GPI has a beta of 0.96, meaning it tends to be less sensitive to market movements. GPI has a correlation of 0.19 to the broad based SPY ETF.

GPI has a market cap of $3.60 billion. This is considered a Mid Cap stock.

Last quarter Group 1 Automotive reported $4 billion in Revenue and $9.50 earnings per share. This beat revenue expectation by $70 million and missed earnings estimates by -$.98.

In the last 3 years, GPI stock traded as high as $310.08 and as low as $136.16.

The top ETF exchange traded funds that GPI belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

GPI has underperformed the market in the last year with a price return of +17.9% while the SPY ETF gained +22.3%. GPI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.2% and -5.7%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

GPI support price is $259.82 and resistance is $271.66 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GPI stock will trade within this expected range on the day.