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Benzinga

Business

Priya Nigam

Group 1 Automotive, Penske Automotive: Management Meetings Reveal Industry Trends

Group 1 Automotive Penske Automotive GPI Group 1 Automotive Inc JPMorgan PAG Penske Automotive Group Inc Rajat Gupta

Cars

Meetings with the top management of Group 1 Automotive Inc (NYSE:GPI) and Penske Automotive Group Inc (NYSE:PAG) highlighted industry trends in tariff responses by OEMs (original equipment manufacturers), new and used vehicle sales, as well as P&S (parts and service) trends, according to JPMorgan.

The Automotive Analyst: Analyst Rajat Gupta reiterated an Overweight rating and price target of $435 for Group 1 Automotive, while maintaining an Underweight rating and price target of $160 for Penske Automotive.

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