Insider Selling: Group 1 Automotive, Inc. (GPI) VP Sells $797,400.00 in Stock

Group 1 Automotive, Inc. (NYSE:GPI) VP Darryl M. Burman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $79.74, for a total transaction of $797,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Group 1 Automotive (NYSE:GPI) last released its quarterly earnings data on Thursday, October 26th. The company reported $2.23 EPS for the quarter, topping 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 firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the company posted $1.96 earnings per share. The firm’s revenue was up 6.7% on a year-over-year basis.

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A number of large investors have recently added to or reduced their stakes in the stock. Capstone Asset Management Co. increased its holdings in Group 1 Automotive by 0.9% in the second quarter. Capstone Asset Management Co. now owns 7,051 shares of the company’s stock worth $446,000 after buying an additional 60 shares during the last quarter. Arizona State Retirement System increased its holdings in Group 1 Automotive by 1.0% in the second quarter. Arizona State Retirement System now owns 10,431 shares of the company’s stock worth $660,000 after buying an additional 100 shares during the last quarter. Texas Permanent School Fund increased its holdings in Group 1 Automotive by 1.3% in the second quarter. Texas Permanent School Fund now owns 14,579 shares of the company’s stock worth $923,000 after buying an additional 180 shares during the last quarter. Moon Capital Management LLC increased its holdings in Group 1 Automotive by 0.6% in the second quarter. Moon Capital Management LLC now owns 33,957 shares of the company’s stock worth $2,150,000 after buying an additional 200 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Group 1 Automotive by 17.8% in the second quarter. Victory Capital Management Inc. now owns 1,797 shares of the company’s stock worth $114,000 after buying an additional 271 shares during the last quarter. Hedge funds and other institutional investors own 97.67% of the company’s stock.

GPI has been the subject of a number of recent analyst reports. ValuEngine downgraded shares of Group 1 Automotive from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. TheStreet downgraded shares of Group 1 Automotive from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. Stephens restated an “equal weight” rating and issued a $87.00 target price (up from $83.00) on shares of Group 1 Automotive in a report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Group 1 Automotive from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Finally, BidaskClub upgraded shares of Group 1 Automotive from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $77.60.

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.

Insider Buying and Selling by Quarter for Group 1 Automotive (NYSE:GPI)

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