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Group 1 Automotive Adds a New Land Rover Franchise in UK
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Group 1 Automotive, Inc. (GPI - Free Report) reported that it has added a new Land Rover franchise at Watford, United Kingdom, located in the northwestern part of greater London metropolitan market.
The franchise is projected to contribute an estimated $35 million to the company’s annual revenues. Also, it adds up to its total 56 franchises under the U.K. operations.
Per management, adding new franchises will enable the company to expand its activities in the United Kingdom as well as widen its brand portfolio in the country. Further, inclusion of this new franchise will help the company generate over $2 billion in yearly revenues from its U.K. business operations.
Moreover, this new franchise has been integrated into the company’s existing Beadles Jaguar Watford dealership.
In July 2017, Group 1 Automotive acquired Beadles Group Ltd, adding seven brands including Jaguar, Land Rover, Volkswagen, Skoda, Toyota, Vauxhall and Kia across 12 dealerships.
Price Performance
In the last three months, shares of Group 1 Automotive have gained 9%, underperforming the 9.5% rise of the industry it belongs to.
Oshkosh has an expected long-term growth rate of 16.5%. In the last three months, shares of the company have increased 7.1%.
Lear has an expected long-term growth rate of 7.1%. In the last three months, shares of the company have climbed 9.6%.
LKQ Corp has an expected long-term growth rate of 16%. In the last three months, shares of the company have jumped 13.9%.
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
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Group 1 Automotive Adds a New Land Rover Franchise in UK
Group 1 Automotive, Inc. (GPI - Free Report) reported that it has added a new Land Rover franchise at Watford, United Kingdom, located in the northwestern part of greater London metropolitan market.
The franchise is projected to contribute an estimated $35 million to the company’s annual revenues. Also, it adds up to its total 56 franchises under the U.K. operations.
Per management, adding new franchises will enable the company to expand its activities in the United Kingdom as well as widen its brand portfolio in the country. Further, inclusion of this new franchise will help the company generate over $2 billion in yearly revenues from its U.K. business operations.
Group 1 Automotive, Inc. Price and Consensus
Group 1 Automotive, Inc. Price and Consensus | Group 1 Automotive, Inc. Quote
Moreover, this new franchise has been integrated into the company’s existing Beadles Jaguar Watford dealership.
In July 2017, Group 1 Automotive acquired Beadles Group Ltd, adding seven brands including Jaguar, Land Rover, Volkswagen, Skoda, Toyota, Vauxhall and Kia across 12 dealerships.
Price Performance
In the last three months, shares of Group 1 Automotive have gained 9%, underperforming the 9.5% rise of the industry it belongs to.
Zacks Rank & Key Picks
Group 1 Automotive carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the auto space are Oshkosh Corporation (OSK - Free Report) , Lear Corporation (LEA - Free Report) and LKQ Corporation (LKQ - Free Report) , all carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Oshkosh has an expected long-term growth rate of 16.5%. In the last three months, shares of the company have increased 7.1%.
Lear has an expected long-term growth rate of 7.1%. In the last three months, shares of the company have climbed 9.6%.
LKQ Corp has an expected long-term growth rate of 16%. In the last three months, shares of the company have jumped 13.9%.
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Click here for Zacks' private trades >>