Group 1 Automotive, Inc. GPI
NYSE · United States · Retail Trade
$240.44-0.49 (-0.20%)
Market closed· · USD · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Market closed· · USD · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Total return, dividends included.
Shares of CarMax rose Tuesday after the used-car retailer posted better-than-expected fiscal second-quarter earnings and said it plans to resume repurchasing shares. CarMax stock advanced 3.5% to $58.58 on Tuesday after ending Monday down 1.2%. CarMax posted adjusted earnings of $1.16 a share in the quarter ended Aug. 31, up from 64 cents a share a year ago and above Wall Street’s expectation of 73 cents.
Rivian Automotive (RIVN) shares trade at 3.5 times the company's revenue, above the S&P 500's 3.1. Investors pay that premium for a carmaker that lost $3.2 billion over the past twelve months. The price appears to assume the new R2 SUV ramps up on time and lets Rivian sell cars above their cost. If the R2 stalls, that valuation is what you have at risk. So what could stall the R2.
Where the price sits against its 50- and 200-day moving averages.
Makkler Fair Value, financial health score, analyst view, peers and MakklerAI.
Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 249 dealerships located in the U.S. and U.K., today announced the closing of its previously announced private placement of $625.0 million in aggregate principal amount of its 6.250% senior unsecured notes due 2032 (the "2032 Notes") and $625.0 million in aggregate principal amount of its 6.625% senior unsecured notes due 2035 (the "2035 Notes" and, together with the 2032 Notes, the "Notes").
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