Group 1 Automotive Inc. Reaches New 12-Month High at $82.40 (GPI)
Group 1 Automotive (NYSE:GPI) set a new 52-week high on Thursday, AnalystRatingsNetwork reports. The company traded as high as $82.40 and last traded at $80.64, with a volume of 176,539 shares. The stock had previously closed at $81.71.
A number of research firms have recently commented on GPI. Analysts at Buckingham Research downgraded shares of Group 1 Automotive (NYSE:GPI) from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, September 11th. Analysts at Stifel Nicolaus raised their price target on shares of Group 1 Automotive (NYSE:GPI) from $80.00 to $90.00 in a research note to investors on Monday, July 29th. They now have a “buy” rating on the stock.
Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Group 1 Automotive currently has a consensus rating of “Buy” and a consensus price target of $78.42.
Group 1 Automotive has a 52-week low of $54.91 and a 52-week high of $82.40. The stock’s 50-day moving average is $77.54 and its 200-day moving average is $66.62. The company has a market cap of $1.886 billion and a price-to-earnings ratio of 18.78.
Group 1 Automotive (NYSE:GPI) last announced its earnings results on Thursday, July 25th. The company reported $1.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.41 by $0.11. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. Analysts expect that Group 1 Automotive will post $5.42 EPS for the current fiscal year.
Group 1 Automotive, Inc is an operator in the automotive retailing industry. As of December 31, 2011, the Company owned and operated 131 franchises, representing 31 brands of automobiles, at 104 dealership locations and 25 collision service centers in the United States of America and 10 franchises at five dealerships and three collision centers in the United Kingdom.
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