What Does Wall Street Think About Group 1 Automotive (GPI)?

Group 1 Automotive, Inc. (NYSE:GPI) is one of the best automotive stocks to buy according to hedge funds. On August 14, Morgan Stanley analyst Daniela Haigian raised the firm’s price target on Group 1 Automotive, Inc. (NYSE:GPI) to $485 from $470, keeping an Overweight rating on the shares.

The firm is remaining selective with “best-in-class operators,” and recognizes that the year-to-date stock price appreciation shows an investor base that has “priced in this earnings resiliency.”

However, on August 5, JPMorgan analyst Rajat Gupta raised the firm’s price target on Group 1 Automotive, Inc. (NYSE:GPI) to $425 from $415 while keeping a Neutral rating on the shares.

The firm told investors that it adjusted targets in the auto dealership group after the Q2 report and adopted a less negative stance on the sector due to improving organic growth.

Group 1 Automotive, Inc. (NYSE:GPI) operates in the automotive retailing industry and sells used and new cars and light trucks. It also sells vehicle parts, provides automotive maintenance and repair services, and sells service contracts. The company’s operations are divided into the United States and the United Kingdom geographical segments.

While we acknowledge the potential of GPI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.