Group 1 Automotive, Inc. (NYSE:GPI) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Thursday.

Several other analysts have also recently issued reports on the company. ValuEngine cut Group 1 Automotive from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research cut Group 1 Automotive from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Group 1 Automotive has an average rating of “Hold” and a consensus target price of $69.33.

Analyst Recommendations for Group 1 Automotive (NYSE:GPI)

Shares of Group 1 Automotive (NYSE:GPI) traded up 1.06% during midday trading on Thursday, hitting $58.38. The stock had a trading volume of 189,088 shares. The stock has a 50 day moving average of $62.27 and a 200-day moving average of $72.85. The company has a market cap of $1.21 billion, a P/E ratio of 8.59 and a beta of 1.53. Group 1 Automotive has a one year low of $47.31 and a one year high of $83.18.

Group 1 Automotive (NYSE:GPI) last announced its quarterly earnings data on Friday, April 28th. The company reported $1.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.71 by $0.18. Group 1 Automotive had a net margin of 1.32% and a return on equity of 17.16%. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the previous year, the company earned $1.59 EPS. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. Analysts forecast that Group 1 Automotive will post $7.36 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Tuesday, May 30th. Group 1 Automotive’s payout ratio is currently 14.14%.

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Hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its stake in shares of Group 1 Automotive by 119.5% in the first quarter. Public Employees Retirement System of Ohio now owns 9,174 shares of the company’s stock valued at $680,000 after buying an additional 4,994 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Group 1 Automotive by 56.1% in the first quarter. Goldman Sachs Group Inc. now owns 176,378 shares of the company’s stock worth $13,067,000 after buying an additional 63,414 shares during the last quarter. Ironwood Investment Management LLC boosted its stake in shares of Group 1 Automotive by 0.5% in the first quarter. Ironwood Investment Management LLC now owns 21,920 shares of the company’s stock worth $1,624,000 after buying an additional 110 shares during the last quarter. Credit Suisse AG boosted its stake in shares of Group 1 Automotive by 19.4% in the first quarter. Credit Suisse AG now owns 40,702 shares of the company’s stock worth $3,015,000 after buying an additional 6,606 shares during the last quarter. Finally, Cambria Investment Management L.P. bought a new stake in shares of Group 1 Automotive during the first quarter worth $1,192,000. Hedge funds and other institutional investors own 97.19% of the company’s stock.

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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