Group 1 Automotive, Inc. (NYSE:GPI) CEO Earl J. Hesterberg sold 10,640 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $74.44, for a total transaction of $792,041.60. Following the sale, the chief executive officer now owns 165,010 shares of the company’s stock, valued at approximately $12,283,344.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Group 1 Automotive, Inc. (NYSE:GPI) opened at $82.47 on Friday. Group 1 Automotive, Inc. has a 1 year low of $51.62 and a 1 year high of $84.47. The stock has a market cap of $1,720.24, a price-to-earnings ratio of 11.19, a PEG ratio of 1.44 and a beta of 1.69. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.27 and a current ratio of 1.05.
Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings data on Thursday, October 26th. The company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.47. The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.80 billion. Group 1 Automotive had a net margin of 1.20% and a return on equity of 15.69%. Group 1 Automotive’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.96 earnings per share. research analysts anticipate that Group 1 Automotive, Inc. will post 7.53 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. Group 1 Automotive’s payout ratio is currently 15.90%.
A number of hedge funds have recently added to or reduced their stakes in GPI. Victory Capital Management Inc. boosted its holdings in Group 1 Automotive by 17.8% during the second quarter. Victory Capital Management Inc. now owns 1,797 shares of the company’s stock worth $114,000 after buying an additional 271 shares in the last quarter. Riverhead Capital Management LLC boosted its holdings in Group 1 Automotive by 93.2% during the second quarter. Riverhead Capital Management LLC now owns 1,932 shares of the company’s stock worth $122,000 after buying an additional 932 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Group 1 Automotive during the second quarter worth about $177,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Group 1 Automotive in the third quarter valued at about $215,000. Finally, Eqis Capital Management Inc. purchased a new stake in shares of Group 1 Automotive in the third quarter valued at about $232,000. 97.57% of the stock is currently owned by hedge funds and other institutional investors.
GPI has been the subject of several research reports. Berenberg Bank initiated coverage on shares of Group 1 Automotive in a report on Wednesday, October 4th. They issued a “hold” rating and a $77.00 target price for the company. Wells Fargo & Co lifted their target price on shares of Group 1 Automotive from $65.00 to $85.00 and gave the company a “market perform” rating in a report on Monday, October 30th. Buckingham Research upgraded shares of Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $89.00 target price for the company in a report on Friday, January 5th. Stephens reissued an “equal weight” rating and issued a $87.00 price target (up previously from $83.00) on shares of Group 1 Automotive in a research report on Wednesday, October 4th. Finally, KeyCorp reissued a “hold” rating on shares of Group 1 Automotive in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $79.50.
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About Group 1 Automotive
Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company, through its dealerships, 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.
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