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Group 1 Automotive Inc V.GPI


Primary Symbol: GPI

Group 1 Automotive, Inc. is an international automotive retailer. The Company operates through two segments: the U.S. and the U.K. Through its dealerships and omnichannel platform, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services and sells vehicle parts. The Company owns and operates about 260 automotive dealerships, 338 franchises, and 44 collision centers in the United States and the United Kingdom that offer 35 brands of automobiles. It sells retail used vehicles directly to its customers at its dealerships and via AcceleRide and wholesale its used vehicles at third party auctions. Its operations are primarily located in areas, including Texas, Massachusetts, Oklahoma, California, Georgia, New Mexico, Maine, New Jersey, New Hampshire, Florida, South Carolina, Louisiana, Kansas, New York, Alabama, Maryland, and Mississippi.


NYSE:GPI - Post by User

Comment by str8cndianon Feb 28, 2011 11:13am
277 Views
Post# 18204829

RE: RE: price

RE: RE: priceyesss, unfortunately this guy is relentless in bringing share price down which is easy enough to do to a small company like this.  Probably cross trades to himself, after a small run to squash momentum, but this stock always pops on news because they have really good properties, good results, and never much of a resistance set up because of these artificially low set prices.  This is a good time to average down.  I always keep a core position and then use opportunities like this to get some on the cheap.  I may buy more or set my bid on top of this joker at 14.5 cents.
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