GPI Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Group 1 Automotive (GPI) has entered oversold territory with an RSI of 23.1, indicating potential buying opportunities. The stock recently fell to $383.205, suggesting a possible rebound.
News and Analyst Sentiment:
BofA has raised GPI's price target from $500 to $550, maintaining a Buy rating, citing solid growth expectations from dealers. This positive outlook suggests confidence in GPI's future performance.
Fibonacci Levels:
The Fibonacci pivot point is $409.17, with resistance levels at $432.15 and $446.35, and support levels at $386.19 and $371.99. The current price of $412.51 is above the pivot, indicating potential strength.
Recent Price Action:
GPI showed a bullish trend with a pre-market gain of 1.91% and a regular market increase of 3.04%, closing at $412.51.
Conclusion:
Based on oversold conditions, positive analyst sentiment, and Fibonacci levels, GPI is expected to rebound. The target price for the next trading week is $432 with a stop-loss at $386.
Recommendation: Buy GPI with a target price of $432 and a stop-loss at $386.
GPI Similar Chart Price Prediction
The price of GPI is predicted to go up 70.83%, based on the high correlation periods with NERV. The similarity of these two price pattern on the periods is 98.5%.
GPI
NERV
Up: 70.83%Similarity: 98.5%
GPI Revenue Forecast
GPI EPS Forecast
GPI FAQs
What is GPI revenue forecast for next quarter？
What is GPI eps forecast for next quarter？
GPI VS S&P500
Auto dealerships are profitable businesses with a diversified stream of earnings beyond selling new vehicles.
Parts and service revenue should continue to be lucrative over time because most manufacturers require warranty work to be done at the dealership, and large dealers can more easily afford the technology and training needed to service increasingly complex vehicles. Parts and service provide a large portion of gross profit, despite being a small part of overall revenue.
AcceleRide and Val-U-Line could prove good future sources of profit.
GPI Analyst's Forecast
Rajat Gupta
JP Morgan
Buy
2025-02-14
Price Target
$420 → $495
Upside
+2.84%
JPMorgan analyst Rajat Gupta raised the firm's price target on Group 1 Automotive to $495 from $420 and keeps an Overweight rating on the shares after meeting with management. The firm came away with increased conviction in its Overweight thesis. Given "consistent strong execution" on all aspects of the business coupled with disciplined capital allocation over the last three years, Group 1 has "earned the right to invest and grow the business further," the analyst tells investors in a research note. JPMorgan believes there is room for estimate revisions and further multiple expansion to support the stock.
Jeff Lick
Stephens & Co.
Hold
2025-01-30
Price Target
$460
Downside
-0.42%
Rajat Gupta
JP Morgan
Buy
2025-01-17
Price Target
$425 → $420
Downside
-6.18%
