Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Goldman Sachs Upgrades Group 1 Automotive

Goldman Sachs upgraded Group 1 Automotive (GPI) to in-line from underperform.

Analyst Matthew Fassler says the appointment of a new CEO with an intensive automotive background provides a catalyst for improving results after several quarters of shortfalls. He notes Group 1 faces, on average, the easiest EBITDA margin comps in the auto retail group over the next four quarters.

He says the stock underperformed and trades at a discount to auto retail, not to mention the broader hardlines retail group. He notes inventory overages that constituted the biggest issue impeding auto retail EPS should subside, as promotions by domestic producers clear clogged channels. He says the company operates with a desirable brand mix.

blog comments powered by Disqus