Group 1 expects Hennessy acquisition to close by year-end 2026, generating $1.7 bln annual revenue
Company expects two recently acquired Atlanta dealerships to generate $205 mln annual revenue
Company expects remaining new Geely locations in the U.K. to open later in 2026
Overview
US auto retailer's Q2 revenue declined and missed analyst expectations
Adjusted EPS for Q2 fell and missed analyst expectations
Company agreed to acquire 10 Atlanta dealerships, expanding cluster strategy
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy"
Wall Street's median 12-month price target for Group 1 Automotive Inc is $435.00, about 21.5% above its July 29 closing price of $357.97
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago
Result drivers and key details
- Co said Q2 results softened due to consumer affordability issues affecting demand
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