Is Group 1 Automotive (GPI) a Great Long-Term Investment Choice?

Linda D. Klein

ClearBridge Investments, an investment administration company, published its “Small Cap Worth Strategy” initial quarter 2022 trader letter – a copy of which can be downloaded right here. The ClearBridge Modest Cap Worth Approach outperformed its Russell 2000 Value Index benchmark in the course of the very first quarter. On an absolute foundation, the Tactic had losses throughout 7 of the 11 sectors in which it was invested throughout the quarter. The leading detractors had been the purchaser discretionary, IT, and wellbeing care sectors, though the leading contributor was the energy sector. Try out to expend some time having a look at the fund’s top 5 holdings to be knowledgeable about their greatest picks for 2022.

In its Q1 2022 trader letter, ClearBridge Investments Little Cap Worth Technique mentioned Team 1 Automotive, Inc. (NYSE:GPI) and explained its insights for the organization. Founded in 1997, Group 1 Automotive, Inc. (NYSE:GPI) is a Houston, Texas-based mostly car dealership enterprise with a $3.1 billion industry capitalization. Group 1 Automotive, Inc. (NYSE:GPI) delivered a -3.18% return considering that the beginning of the calendar year, when its 12-month returns are up by 10.96%. The stock shut at $189.01 for every share on May well 04, 2022.

Here is what ClearBridge Investments Smaller Cap Benefit Tactic has to say about Group 1 Automotive, Inc. (NYSE:GPI) in its Q1 2022 trader letter:

“We also initiated a new position in Group 1 Automotive (NYSE:GPI), in the client discretionary sector. Group 1 Automotive is just one of the major vehicle dealership groups in the U.S. and the U.K. As a result of our examination, we believe the current inventory price tag already savings a significant drop in profits and revenue because of to considerations about elevated made use of vehicle selling prices and large gross margins for every device. Having said that, we believe that this does not mirror the fundamental power of the company’s diversified organization line and adaptable value composition. Ultimately, we believe the enterprise will prove a lot more sturdy than the sector expects and be a extended-term worth creator for the portfolio.”

Car Dealer, Car

Auto Seller, Motor vehicle

Photo by Dieny Portinanni on Unsplash

Our calculations display that Team 1 Automotive, Inc. (NYSE:GPI) fell shorter and didn’t make it on our checklist of the 30 Most Common Stocks Amid Hedge Money. Group 1 Automotive, Inc. (NYSE:GPI) was in 19 hedge fund portfolios at the conclude of the fourth quarter of 2021, compared to 24 funds in the past quarter. Group 1 Automotive, Inc. (NYSE:GPI) delivered a 10.43% return in the past 3 months.

In February 2022, we revealed an report that consists of Group 1 Automotive, Inc. (NYSE:GPI) in 10 Shares to Make investments in Now In accordance to Anthony Bozza’s Lakewood Capital. You can locate other trader letters from hedge money and notable investors on our hedge fund trader letters 2022 Q1 site.

Disclosure: None. This report is at first published at Insider Monkey.

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