Several other equities analysts also recently issued reports on GPI. JPMorgan Chase & Co. downgraded Group 1 Automotive from an “overweight” rating to a “neutral” rating and cut their target price for the company from $240.00 to $200.00 in a research report on Thursday, April 7th. Morgan Stanley reduced 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.
Group 1 Automotive Trading Up 3.1 %
Shares of NYSE:GPI opened at $165.07 on Thursday. The business’s 50-day moving average is $175.53 and its 200 day moving average is $177.66. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.02 and a quick ratio of 0.34. Group 1 Automotive has a 1 year low of $145.72 and a 1 year high of $212.23. The firm has a market capitalization of $2.74 billion, a P/E ratio of 4.53, a P/E/G ratio of 0.28 and a beta of 1.48.
Group 1 Automotive (NYSE:GPI – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The company reported $10.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.45 by $1.36. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.77 billion. Group 1 Automotive had a net margin of 4.45% and a return on equity of 38.47%. The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.57 earnings per share. On average, research analysts predict that Group 1 Automotive will post 41.89 earnings per share for the current fiscal year.
In related news, SVP Frank Grese sold 910 shares of the stock in a transaction on Friday, May 13th. The shares were sold at an average price of $185.86, for a total transaction of $169,132.60. Following the sale, the senior vice president now directly owns 21,714 shares of the company’s stock, valued at $4,035,764.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Group 1 Automotive news, VP Michael David Jones sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $181.49, for a total value of $181,490.00. Following the sale, the vice president now directly owns 12,972 shares of the company’s stock, valued at $2,354,288.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Frank Grese sold 910 shares of Group 1 Automotive stock in a transaction on Friday, May 13th. The shares were sold at an average price of $185.86, for a total transaction of $169,132.60. Following the completion of the sale, the senior vice president now directly owns 21,714 shares in the company, valued at approximately $4,035,764.04. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.
Institutional Investors Weigh In On Group 1 Automotive
Several institutional investors have recently bought and sold shares of GPI. Mutual of America Capital Management LLC lifted its position in shares of Group 1 Automotive by 2.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 2,473 shares of the company’s stock valued at $483,000 after acquiring an additional 63 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in Group 1 Automotive by 0.8% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 9,028 shares of the company’s stock valued at $1,762,000 after purchasing an additional 69 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Group 1 Automotive by 1.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,002 shares of the company’s stock valued at $1,367,000 after purchasing an additional 75 shares in the last quarter. Claraphi Advisory Network LLC boosted its stake in Group 1 Automotive by 4.8% during the 4th quarter. Claraphi Advisory Network LLC now owns 1,741 shares of the company’s stock worth $340,000 after purchasing an additional 79 shares during the last quarter. Finally, Profund Advisors LLC boosted its stake in Group 1 Automotive by 4.3% during the 4th quarter. Profund Advisors LLC now owns 2,005 shares of the company’s stock worth $391,000 after purchasing an additional 83 shares during the last quarter. 99.57% of the stock is currently owned by institutional investors and hedge funds.
Group 1 Automotive Company Profile
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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