Other analysts have also issued research reports about the company. Morgan Stanley lifted their price objective on Group 1 Automotive from $53.00 to $62.00 and gave the stock an underweight rating in a report on Wednesday, March 14th. Bank of America lifted their price objective on Group 1 Automotive from $103.00 to $105.00 and gave the stock a buy rating in a report on Friday, February 9th. Finally, Zacks Investment Research raised Group 1 Automotive from a hold rating to a strong-buy rating and set a $92.00 price objective on the stock in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $83.00.
Group 1 Automotive (GPI) opened at $65.39 on Tuesday. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $1,526.12, a P/E ratio of 6.46, a price-to-earnings-growth ratio of 1.12 and a beta of 1.75. Group 1 Automotive has a 1 year low of $51.62 and a 1 year high of $84.47.
Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings results on Thursday, February 8th. The company reported $2.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.24. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.85 billion. Group 1 Automotive had a return on equity of 15.85% and a net margin of 1.89%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.74 EPS. equities analysts anticipate that Group 1 Automotive will post 9.28 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Wednesday, February 28th. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.25. Group 1 Automotive’s dividend payout ratio (DPR) is presently 10.28%.
In related news, CEO Earl J. Hesterberg sold 2,000 shares of the business’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $72.38, for a total value of $144,760.00. Following the sale, the chief executive officer now owns 139,065 shares of the company’s stock, valued at approximately $10,065,524.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Earl J. Hesterberg sold 4,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $72.15, for a total value of $288,600.00. Following the completion of the sale, the chief executive officer now directly owns 139,065 shares in the company, valued at approximately $10,033,539.75. The disclosure for this sale can be found here. Insiders have sold a total of 152,398 shares of company stock worth $11,763,108 in the last three months. 6.08% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP boosted its stake in Group 1 Automotive by 42.9% in the 3rd quarter. First Trust Advisors LP now owns 32,158 shares of the company’s stock valued at $2,330,000 after buying an additional 9,647 shares in the last quarter. FCA Corp TX acquired a new stake in Group 1 Automotive in the 3rd quarter valued at $290,000. Davidson Kempner Capital Management LP acquired a new stake in Group 1 Automotive in the 3rd quarter valued at $13,115,000. Nordea Investment Management AB boosted its stake in Group 1 Automotive by 2.8% in the 3rd quarter. Nordea Investment Management AB now owns 73,800 shares of the company’s stock valued at $5,348,000 after buying an additional 2,000 shares in the last quarter. Finally, OxFORD Asset Management LLP boosted its stake in Group 1 Automotive by 174.8% in the 3rd quarter. OxFORD Asset Management LLP now owns 18,334 shares of the company’s stock valued at $1,304,000 after buying an additional 11,663 shares in the last quarter. 97.57% of the stock is currently owned by institutional investors and hedge funds.
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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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