The price of GPI is predicted to go up 7.59%, based on the high correlation periods with GRFS. The similarity of these two price pattern on the periods is 98.43%.
GPI
GRFS
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.
JP Morgan
2025-01-17
Price Target
$425 → $420
Downside
-6.18%
Jefferies
2024-12-13
Price Target
$500
Upside
+17.07%
Seaport Global
2024-11-22
Price Target
$400 → $475
Upside
+12.79%