Shares of Group 1 Automotive, Inc. (NYSE:GPI) have been assigned an average recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $65.67.

GPI has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Group 1 Automotive from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 12th. BidaskClub lowered shares of Group 1 Automotive from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. ValuEngine lowered shares of Group 1 Automotive from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $66.00 price objective (down previously from $75.00) on shares of Group 1 Automotive in a research report on Monday, July 17th.

A number of hedge funds and other institutional investors have recently bought and sold shares of GPI. Acrospire Investment Management LLC boosted its stake in shares of Group 1 Automotive by 1,300.0% in the first quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock valued at $104,000 after buying an additional 1,300 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Group 1 Automotive during the first quarter valued at $113,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Group 1 Automotive during the first quarter valued at $133,000. Russell Investments Group Ltd. purchased a new stake in shares of Group 1 Automotive during the fourth quarter valued at $145,000. Finally, State of Alaska Department of Revenue boosted its stake in shares of Group 1 Automotive by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 2,200 shares of the company’s stock valued at $162,000 after buying an additional 50 shares in the last quarter. 94.54% of the stock is owned by hedge funds and other institutional investors.

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Group 1 Automotive (GPI) traded down 1.66% during trading on Friday, reaching $59.96. The company had a trading volume of 42,499 shares. The stock has a market cap of $1.24 billion, a P/E ratio of 8.82 and a beta of 1.64. The firm has a 50-day moving average price of $61.50 and a 200 day moving average price of $69.74. Group 1 Automotive has a 12-month low of $55.06 and a 12-month high of $83.18.

Group 1 Automotive (NYSE:GPI) last announced its quarterly earnings data on Thursday, July 27th. The company reported $1.87 EPS for the quarter, missing the Zacks’ consensus estimate of $1.99 by $0.12. The company had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.70 billion. Group 1 Automotive had a net margin of 1.32% and a return on equity of 17.16%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.16 EPS. Equities research analysts predict that Group 1 Automotive will post $7.26 EPS for the current fiscal year.

Group 1 Automotive declared that its board has initiated a stock buyback program on Friday, May 12th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to buy up to 5.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

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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