Group 1 Automotive, Inc. (GPI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Group 1 Automotive, Inc. (NYSE:GPI) have earned an average rating of “Hold” from the eleven research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $86.00.

Several equities analysts recently commented on GPI shares. Buckingham Research lowered shares of Group 1 Automotive from a “buy” rating to a “neutral” rating and set a $86.00 price target for the company. in a research report on Monday, November 13th. Zacks Investment Research raised shares of Group 1 Automotive from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Wells Fargo & Co upped their price target on shares of Group 1 Automotive from $65.00 to $85.00 and gave the stock a “market perform” rating in a research report on Monday, October 30th. Finally, Bank of America upped their price target on shares of Group 1 Automotive from $103.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday.

In related news, CEO Earl J. Hesterberg sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $72.15, for a total transaction of $288,600.00. Following the completion of the transaction, the chief executive officer now owns 139,065 shares of the company’s stock, valued at $10,033,539.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John C. Rickel sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $81.00, for a total transaction of $810,000.00. Following the sale, the chief financial officer now owns 123,470 shares of the company’s stock, valued at $10,001,070. The disclosure for this sale can be found here. Insiders have sold 167,398 shares of company stock valued at $12,974,458 in the last ninety days. 6.08% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantitative Systematic Strategies LLC purchased a new stake in Group 1 Automotive during the third quarter worth approximately $215,000. First Trust Advisors LP grew its stake in Group 1 Automotive by 42.9% during the third quarter. First Trust Advisors LP now owns 32,158 shares of the company’s stock worth $2,330,000 after buying an additional 9,647 shares during the period. FCA Corp TX purchased a new stake in Group 1 Automotive during the third quarter worth approximately $290,000. Davidson Kempner Capital Management LP purchased a new stake in Group 1 Automotive during the third quarter worth approximately $13,115,000. Finally, Nordea Investment Management AB grew its stake in Group 1 Automotive by 2.8% during the third quarter. Nordea Investment Management AB now owns 73,800 shares of the company’s stock worth $5,348,000 after buying an additional 2,000 shares during the period. Institutional investors own 97.57% of the company’s stock.

Group 1 Automotive (NYSE:GPI) opened at $77.83 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.06 and a quick ratio of 0.26. The firm has a market cap of $1,608.86, a P/E ratio of 7.69, a PEG ratio of 1.34 and a beta of 1.70. Group 1 Automotive has a 52-week low of $51.62 and a 52-week high of $84.47.

Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings data on Thursday, February 8th. The company reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.24. Group 1 Automotive had a net margin of 1.89% and a return on equity of 15.85%. The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the previous year, the business posted $1.74 earnings per share. The company’s revenue was up 9.2% on a year-over-year basis. analysts forecast that Group 1 Automotive will post 8.21 EPS for the current year.

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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.

Analyst Recommendations for Group 1 Automotive (NYSE:GPI)

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