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

Priya Nigam

June 24, 2025

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.

The Automotive Thesis: Both companies witnessed increased buying by OEMs (original equipment manufacturers) over the past few months, ahead of tariffs being imposed, Gupta said in the note.

Check out other analyst stock ratings.

While there was a "sharp uptick' in sales during late March, the trend began to normalize into mid-April and a "new normalized run-rate" was established by mid- to late-May and into June, he added.

"Consumer health remains resilient and in-store traffic is strong as well," the analyst wrote.

Both Group 1 Automotive and Penske Automotive indicated that the used car market continues to be challenging, he further stated.

GPI, PAG Price Action: Shares of Group 1 Automotive had declined by 0.48% to $446.20, while Penske Automotive's stock was up 1.25% to $177.56 at market close on Tuesday.

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Photo: K-FK via Shutterstock

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