Shares of Group 1 Automotive, Inc. (NYSE:GPI) have been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $77.60.
Several brokerages recently commented on GPI. TheStreet cut shares of Group 1 Automotive from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. Wells Fargo & Company increased their target price on shares of Group 1 Automotive from $65.00 to $85.00 and gave the stock a “market perform” rating in a report on Monday, October 30th. Berenberg Bank began coverage on shares of Group 1 Automotive in a report on Wednesday, October 4th. They set a “hold” rating and a $77.00 target price for the company. Zacks Investment Research cut shares of Group 1 Automotive from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 12th. Finally, BidaskClub cut shares of Group 1 Automotive from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th.
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In other Group 1 Automotive news, VP Darryl M. Burman sold 10,000 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of $79.74, for a total value of $797,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO John C. Rickel sold 20,000 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of $80.00, for a total transaction of $1,600,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,700 shares of company stock valued at $4,387,156. Corporate insiders own 6.08% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. acquired a new stake in Group 1 Automotive in the first quarter valued at $113,000. Riverhead Capital Management LLC lifted its stake in Group 1 Automotive by 93.2% in the second quarter. Riverhead Capital Management LLC now owns 1,932 shares of the company’s stock valued at $122,000 after acquiring an additional 932 shares during the last quarter. Paloma Partners Management Co acquired a new stake in Group 1 Automotive in the first quarter valued at $200,000. SG Americas Securities LLC acquired a new stake in Group 1 Automotive in the second quarter valued at $177,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in Group 1 Automotive in the third quarter valued at $215,000. Hedge funds and other institutional investors own 97.67% of the company’s stock.
Shares of Group 1 Automotive (NYSE GPI) opened at $80.36 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.27 and a current ratio of 1.05. The stock has a market capitalization of $1,676.23, a PE ratio of 10.90, a price-to-earnings-growth ratio of 1.58 and a beta of 1.69.
Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings data on Thursday, October 26th. The company reported $2.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.76 by $0.47. Group 1 Automotive had a net margin of 1.20% and a return on equity of 15.69%. The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the firm earned $1.96 earnings per share. The firm’s revenue was up 6.7% compared to the same quarter last year. equities analysts anticipate that Group 1 Automotive will post 7.25 earnings per share for the current fiscal year.
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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