BofA lowered the firm's price target on Group 1 Automotive to $390 from $430 and keeps a Buy rating on the shares. Ahead of Q1 earnings for the publicly traded auto dealership groups, the firm revised its EPS estimates down by 13% on average, mostly to reflect weather related disruption in late January and February that impacted both retail units sales as well as parts and service, the analyst tells investors in a preview for the group.
