Group 1 Automotive (NYSE:GPI) Sets New 1-Year High at $157.60


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Group 1 Automotive, Inc. (NYSE:GPI) hit a new 52-week high on Tuesday . The company traded as high as $157.60 and last traded at $156.85, with a volume of 2289 shares. The stock had previously closed at $147.25.

Several equities analysts have recently weighed in on GPI shares. ValuEngine cut Group 1 Automotive from a “sell” rating to a “strong sell” rating in a research report on Friday, October 23rd. TheStreet raised Group 1 Automotive from a “c+” rating to a “b-” rating in a report on Thursday, October 15th. Morgan Stanley upped their price target on Group 1 Automotive from $95.00 to $172.00 and gave the company an “overweight” rating in a report on Monday, December 7th. Seaport Global Securities assumed coverage on Group 1 Automotive in a report on Monday, October 19th. They issued a “buy” rating and a $165.00 price objective for the company. Finally, Bank of America raised their price target on shares of Group 1 Automotive from $185.00 to $187.00 and gave the company a “buy” rating in a report on Tuesday, November 17th. Two analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $130.25.

The company has a market cap of $2.73 billion, a PE ratio of 11.81, a PEG ratio of 0.84 and a beta of 2.13. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.30 and a current ratio of 1.06. The firm’s 50 day moving average is $127.40 and its 200-day moving average is $103.77.

Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $6.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.56 by $0.41. Group 1 Automotive had a return on equity of 22.60% and a net margin of 2.13%. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period in the prior year, the business earned $3.02 earnings per share. The business’s revenue was down 2.5% compared to the same quarter last year. On average, analysts predict that Group 1 Automotive, Inc. will post 18.34 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.80%. The ex-dividend date was Monday, November 30th. Group 1 Automotive’s payout ratio is currently 10.98%.

In related news, Director Lincoln Pereira sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 4th. The shares were sold at an average price of $126.88, for a total transaction of $1,268,800.00. Following the completion of the sale, the director now directly owns 34,745 shares in the company, valued at $4,408,445.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Michael David Jones sold 1,000 shares of Group 1 Automotive stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $120.44, for a total transaction of $120,440.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,051 shares of company stock worth $3,670,342. Insiders own 5.20% of the company’s stock.

A number of hedge funds have recently bought and sold shares of GPI. Bank of Montreal Can boosted its stake in Group 1 Automotive by 23.6% in the 2nd quarter. Bank of Montreal Can now owns 6,785 shares of the company’s stock worth $432,000 after purchasing an additional 1,294 shares in the last quarter. First Republic Investment Management Inc. acquired a new stake in Group 1 Automotive during the 2nd quarter worth approximately $405,000. Stifel Financial Corp raised its holdings in shares of Group 1 Automotive by 48.4% during the second quarter. Stifel Financial Corp now owns 15,135 shares of the company’s stock worth $999,000 after acquiring an additional 4,933 shares during the period. Verition Fund Management LLC acquired a new stake in shares of Group 1 Automotive in the 2nd quarter valued at about $200,000. Finally, Jane Street Group LLC acquired a new stake in Group 1 Automotive in the 2nd quarter valued at approximately $571,000. 95.35% of the stock is owned by institutional investors.

About Group 1 Automotive (NYSE:GPI)

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks, and vehicle parts, as well as service insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. It operates primarily in the metropolitan areas in 15 states in the United States; 33 towns in the United Kingdom; and 3 states in Brazil.

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