February 6, 2023

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FY2023 EPS Estimates for Group 1 Automotive, Inc. (NYSE:GPI) Boosted by Analyst

Group 1 Automotive, Inc. (NYSE:GPIGet Rating) – Equities researchers at Seaport Res Ptn lifted their FY2023 earnings per share (EPS) estimates for shares of Group 1 Automotive in a research note issued on Monday, August 1st. Seaport Res Ptn analyst G. Chin now anticipates that the company will post earnings per share of $38.58 for the year, up from their previous forecast of $37.40. The consensus estimate for Group 1 Automotive’s current full-year earnings is $41.96 per share.

Several other equities analysts also recently weighed in on GPI. JPMorgan Chase & Co. raised their price objective on Group 1 Automotive from $200.00 to $210.00 and gave the company a “maintains” rating in a research note on Monday. Morgan Stanley dropped their price objective on Group 1 Automotive from $160.00 to $142.00 and set an “underweight” rating for the company in a research note on Thursday, July 14th. Finally, StockNews.com downgraded Group 1 Automotive from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 30th.

Group 1 Automotive Stock Up 1.4 %

GPI opened at $177.28 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.00 and a quick ratio of 0.34. The business has a 50 day simple moving average of $174.05 and a 200-day simple moving average of $175.95. The stock has a market capitalization of $2.94 billion, a P/E ratio of 4.67, a P/E/G ratio of 0.31 and a beta of 1.43. Group 1 Automotive has a 12 month low of $145.72 and a 12 month high of $212.23.

Group 1 Automotive (NYSE:GPIGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $12.00 EPS for the quarter, beating the consensus estimate of $10.56 by $1.44. The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Group 1 Automotive had a return on equity of 37.65% and a net margin of 4.35%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the firm earned $10.31 EPS.

Institutional Investors Weigh In On Group 1 Automotive

Hedge funds and other institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC purchased a new stake in shares of Group 1 Automotive in the fourth quarter valued at $27,000. First Quadrant LLC CA acquired a new position in Group 1 Automotive in the first quarter valued at $33,000. UMB Bank N A MO acquired a new position in Group 1 Automotive in the fourth quarter valued at $46,000. National Bank of Canada FI acquired a new position in Group 1 Automotive in the fourth quarter valued at $67,000. Finally, Point72 Hong Kong Ltd acquired a new position in Group 1 Automotive in the fourth quarter valued at $135,000. Hedge funds and other institutional investors own 99.57% of the company’s stock.

Insiders Place Their Bets

In other Group 1 Automotive news, VP Michael David Jones sold 1,000 shares of the firm’s stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $181.49, for a total transaction of $181,490.00. Following the completion of the transaction, the vice president now owns 12,972 shares of the company’s stock, valued at $2,354,288.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Group 1 Automotive news, SVP Frank Grese sold 910 shares of the firm’s stock in a transaction on Friday, May 13th. The stock was sold at an average price of $185.86, for a total transaction of $169,132.60. Following the completion of the transaction, the senior vice president now owns 21,714 shares of the company’s stock, valued at $4,035,764.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael David Jones sold 1,000 shares of Group 1 Automotive stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $181.49, for a total value of $181,490.00. Following the completion of the sale, the vice president now directly owns 12,972 shares of the company’s stock, valued at approximately $2,354,288.28. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by company insiders.

Group 1 Automotive Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st were given a dividend of $0.37 per share. This is an increase from Group 1 Automotive’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, May 31st. This represents a $1.48 annualized dividend and a yield of 0.83%. Group 1 Automotive’s dividend payout ratio (DPR) is presently 3.90%.

About Group 1 Automotive

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Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. It operates primarily in 17 states in the United States; and 35 towns in the United Kingdom.

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