A number of other equities analysts have also issued reports on the company. Zacks Investment Research lowered Group 1 Automotive from a buy rating to a hold rating in a research note on Monday, October 8th. ValuEngine lowered Group 1 Automotive from a sell rating to a strong sell rating in a research note on Tuesday, October 2nd. Morgan Stanley raised their target price on Group 1 Automotive from $59.00 to $64.00 and gave the stock a sell rating in a research note on Wednesday, August 15th. Finally, Stephens upgraded Group 1 Automotive from an equal weight rating to an overweight rating and set a $95.00 target price for the company in a research note on Monday, August 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $84.33.
GPI stock traded up $0.07 during midday trading on Thursday, reaching $53.43. The stock had a trading volume of 223,761 shares, compared to its average volume of 367,760. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 6.91, a price-to-earnings-growth ratio of 3.67 and a beta of 1.95. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.07 and a quick ratio of 0.26. Group 1 Automotive has a 52-week low of $53.03 and a 52-week high of $84.47.
Group 1 Automotive (NYSE:GPI) last issued its earnings results on Thursday, July 26th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.14 by $0.31. The company had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.92 billion. Group 1 Automotive had a return on equity of 15.73% and a net margin of 1.97%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the business posted $1.87 EPS. As a group, equities research analysts expect that Group 1 Automotive will post 8.87 earnings per share for the current year.
In other news, Director Lincoln Pereira sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $79.45, for a total transaction of $1,986,250.00. Following the sale, the director now directly owns 67,425 shares in the company, valued at approximately $5,356,916.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Frank Grese sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $76.98, for a total value of $384,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 38,200 shares of company stock worth $3,012,805 over the last 90 days. Insiders own 4.95% of the company’s stock.
A number of hedge funds have recently bought and sold shares of GPI. Tyvor Capital LLC acquired a new stake in Group 1 Automotive in the 2nd quarter worth about $7,860,000. Canada Pension Plan Investment Board purchased a new stake in Group 1 Automotive in the second quarter valued at approximately $3,081,000. Foundry Partners LLC raised its position in Group 1 Automotive by 122.0% in the second quarter. Foundry Partners LLC now owns 78,971 shares of the company’s stock valued at $4,975,000 after purchasing an additional 43,395 shares during the period. BNP Paribas Arbitrage SA raised its position in Group 1 Automotive by 590.7% in the second quarter. BNP Paribas Arbitrage SA now owns 48,349 shares of the company’s stock valued at $3,046,000 after purchasing an additional 41,349 shares during the period. Finally, Towle & Co. raised its position in Group 1 Automotive by 9.1% in the second quarter. Towle & Co. now owns 387,099 shares of the company’s stock valued at $24,387,000 after purchasing an additional 32,330 shares during the period. Institutional investors own 99.86% of the company’s stock.
About Group 1 Automotive
Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. It sells new and used cars, light trucks, and vehicle parts; arranges vehicle financing; sells service and insurance contracts; and provides automotive maintenance and repair services. The company has operations primarily in the metropolitan areas of Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 28 towns in the United Kingdom; and in the metropolitan markets of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.
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