Why Group 1 Automotive is an Interesting Alternative to Carvana!
Group 1 Automotive is also involved in the sale of luxury vehicles. This allows the company to diversify and access an upscale clientele.
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Wall Street has high hopes for Carvana (NYSE: CVNA) , but the valuation is already astronomical. The stock is currently trading at nearly 60 times the expected earnings for 2025. For that, a lot needs to go right in a still very uncertain environment. Another car dealer, Group 1 Automotive (NYSE: GPI), may now be worth a look for investors. Based in Houston, Group 1 Automotive owns more than 330 automotive franchises in the USA and the UK. The company has been able to increase this number through steady acquisitions over the past few years. Wall...
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