Group 1 Automotive, Inc. (NYSE:GPI) was downgraded by stock analysts at Buckingham Research from a “buy” rating to a “neutral” rating in a report issued on Monday. They currently have a $86.00 price objective on the stock. Buckingham Research’s price objective would suggest a potential upside of 11.11% from the stock’s previous close.
A number of other research analysts have also issued reports on GPI. TheStreet lowered shares of Group 1 Automotive from a “b-” rating to a “c+” rating in a research note on Thursday, August 17th. BidaskClub lowered shares of Group 1 Automotive from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Zacks Investment Research upgraded shares of Group 1 Automotive from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Goldman Sachs Group, Inc. (The) upgraded shares of Group 1 Automotive from a “sell” rating to a “neutral” rating and raised their target price for the company from $56.00 to $67.00 in a research note on Thursday, September 7th. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $66.00 target price (down from $75.00) on shares of Group 1 Automotive in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $79.00.
Group 1 Automotive (NYSE GPI) opened at $77.40 on Monday. Group 1 Automotive has a 12 month low of $51.62 and a 12 month high of $83.18. The company has a market cap of $1,616.99, a price-to-earnings ratio of 10.52, a PEG ratio of 1.51 and a beta of 1.69. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.27 and a current ratio of 1.05.
Group 1 Automotive (NYSE:GPI) last posted its earnings results on Thursday, October 26th. The company reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the business posted $1.96 EPS. Group 1 Automotive’s revenue was up 6.7% compared to the same quarter last year. research analysts forecast that Group 1 Automotive will post 7.32 earnings per share for the current year.
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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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Peter C. Delongchamps sold 9,110 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $80.16, for a total transaction of $730,257.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,694 shares of company stock valued at $5,189,106. Insiders own 6.08% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. boosted its holdings 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 purchasing an additional 271 shares during the period. Riverhead Capital Management LLC lifted its holdings in shares of Group 1 Automotive by 93.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,932 shares of the company’s stock worth $122,000 after acquiring an additional 932 shares during the period. SG Americas Securities LLC bought a new position in shares of Group 1 Automotive during the 2nd quarter worth about $177,000. Paloma Partners Management Co bought a new position in shares of Group 1 Automotive during the 1st quarter worth about $200,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Group 1 Automotive during the 2nd quarter worth about $211,000. 98.93% of the stock is owned by hedge funds and other institutional investors.
Group 1 Automotive Company Profile
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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