Earl J. Hesterberg Sells 28,519 Shares of Group 1 Automotive, Inc. (GPI) Stock

Group 1 Automotive, Inc. (NYSE:GPI) CEO Earl J. Hesterberg sold 28,519 shares of Group 1 Automotive stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $80.06, for a total value of $2,283,231.14. Following the completion of the transaction, the chief executive officer now directly owns 108,440 shares of the company’s stock, valued at $8,681,706.40. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of Group 1 Automotive, Inc. (NYSE GPI) traded down $1.02 during trading on Wednesday, reaching $78.66. The company had a trading volume of 143,036 shares, compared to its average volume of 212,169. Group 1 Automotive, Inc. has a twelve month low of $51.62 and a twelve month high of $84.47. The company has a market cap of $1,640.00, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 1.44 and a beta of 1.69. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.05 and a quick ratio of 0.27.

Group 1 Automotive (NYSE:GPI) last issued its earnings results on Thursday, October 26th. The company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.47. Group 1 Automotive had a return on equity of 15.69% and a net margin of 1.20%. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period in the previous year, the company posted $1.96 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year. sell-side analysts predict that Group 1 Automotive, Inc. will post 7.53 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. increased its position in Group 1 Automotive by 17.8% in the 2nd quarter. Victory Capital Management Inc. now owns 1,797 shares of the company’s stock valued at $114,000 after buying an additional 271 shares in the last quarter. Teachers Advisors LLC increased its position in Group 1 Automotive by 1.3% in the 2nd quarter. Teachers Advisors LLC now owns 37,238 shares of the company’s stock valued at $2,358,000 after buying an additional 489 shares in the last quarter. California Public Employees Retirement System increased its position in Group 1 Automotive by 0.9% in the 2nd quarter. California Public Employees Retirement System now owns 56,300 shares of the company’s stock valued at $3,565,000 after buying an additional 500 shares in the last quarter. Nordea Investment Management AB increased its position in Group 1 Automotive by 0.8% in the 2nd quarter. Nordea Investment Management AB now owns 71,800 shares of the company’s stock valued at $4,546,000 after buying an additional 600 shares in the last quarter. Finally, Chicago Equity Partners LLC increased its position in Group 1 Automotive by 8.5% in the 3rd quarter. Chicago Equity Partners LLC now owns 8,340 shares of the company’s stock valued at $604,000 after buying an additional 650 shares in the last quarter.

GPI has been the subject of several research analyst reports. Buckingham Research raised Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $89.00 price objective for the company in a research report on Friday, January 5th. Stephens reissued an “equal weight” rating and issued a $87.00 price objective (up from $83.00) on shares of Group 1 Automotive in a research report on Wednesday, October 4th. KeyCorp reissued a “hold” rating on shares of Group 1 Automotive in a research report on Wednesday, October 4th. Berenberg Bank initiated coverage on Group 1 Automotive in a research report on Wednesday, October 4th. They issued a “hold” rating and a $77.00 price objective for the company. Finally, Zacks Investment Research raised Group 1 Automotive from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. Group 1 Automotive has a consensus rating of “Hold” and a consensus 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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