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Buckingham Research hikes its ratings to Buy on auto retailers Group 1 (GPI +4.4%), Asbury (ABG...

Apr. 03, 2012 12:32 PM ETGroup 1 Automotive, Inc. (GPI) StockPAG, ABG, GPIBy: Carl Surran, SA News Editor
Buckingham Research hikes its ratings to Buy on auto retailers Group 1 (GPI +4.4%), Asbury (ABG +3.7%) and Penske (PAG +4.3%) as the best way to play a recovery in U.S. light vehicle sales. "Auto retailers tend to experience strong stock performance during the second quarter, with auto retailer stocks increasing 20% on average during the 2002-2011 period."

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