Group 1 Automotive Inc (GPI) Q3 2024: Everything You Need To Know Ahead Of Earnings

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Oct 29, 2024
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Group 1 Automotive Inc (GPI, Financial) is set to release its Q3 2024 earnings on Oct 30, 2024. The consensus estimate for Q3 2024 revenue is $5,067.05 million, and the earnings are expected to come in at $10.26 per share. The full year 2024's revenue is expected to be $19.40 billion and the earnings are expected to be $40.22 per share. More detailed estimate data can be found on the Forecast page.

Group 1 Automotive Inc (GPI, Financial) Estimates Trends

Over the past 90 days, revenue estimates for Group 1 Automotive Inc (GPI) for the full year 2024 have increased from $19.34 billion to $19.40 billion, and for 2025, estimates have risen from $21.33 billion to $21.56 billion. Earnings estimates for the full year 2024 have also seen an increase from $40.09 per share to $40.22 per share, and for 2025, from $40.49 per share to $40.86 per share.

Group 1 Automotive Inc (GPI, Financial) Reported History

In the previous quarter of 2024-06-30, Group 1 Automotive Inc's (GPI) actual revenue was $4,696.40 million, which missed analysts' revenue expectations of $4,710.90 million by -0.31%. Group 1 Automotive Inc's (GPI) actual earnings were $10.17 per share, which beat analysts' earnings expectations of $9.895 per share by 2.78%. After releasing the results, Group 1 Automotive Inc (GPI) was up by 6.87% in one day.

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Group 1 Automotive Inc (GPI, Financial) 12 Month Price Targets

Based on the one-year price targets offered by 6 analysts, the average target price for Group 1 Automotive Inc (GPI) is $413.17 with a high estimate of $450 and a low estimate of $385. The average target implies an upside of 17.09% from the current price of $352.85.

Based on GuruFocus estimates, the estimated GF Value for Group 1 Automotive Inc (GPI, Financial) in one year is $352.08, suggesting a downside of -0.22% from the current price of $352.85.

Based on the consensus recommendation from 8 brokerage firms, Group 1 Automotive Inc's (GPI, Financial) average brokerage recommendation is currently 1.9, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

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This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.