Group 1 Automotive, Inc. (NYSE:GPI) was downgraded by stock analysts at TheStreet from a “b-” rating to a “c+” rating in a research report issued on Thursday.

Other research analysts have also recently issued reports about the company. Zacks Investment Research raised Group 1 Automotive from a “strong sell” rating to a “hold” rating in a research report on Friday, June 30th. BidaskClub cut Group 1 Automotive from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Wells Fargo & Company reaffirmed a “market perform” rating and set a $66.00 price objective (down from $75.00) on shares of Group 1 Automotive in a research report on Monday, July 17th. Finally, ValuEngine cut Group 1 Automotive from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $68.50.

Shares of Group 1 Automotive (NYSE:GPI) opened at 53.92 on Thursday. The stock’s 50 day moving average price is $59.85 and its 200 day moving average price is $67.17. The company has a market capitalization of $1.08 billion, a PE ratio of 8.29 and a beta of 1.62. Group 1 Automotive has a 12 month low of $51.62 and a 12 month high of $83.18.

Group 1 Automotive (NYSE:GPI) last announced its earnings results on Thursday, July 27th. The company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by $0.12. The firm had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Group 1 Automotive had a return on equity of 15.73% and a net margin of 1.26%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.16 earnings per share. On average, analysts forecast that Group 1 Automotive will post $7.09 EPS for the current year.

Group 1 Automotive declared that its board has authorized a share buyback plan on Friday, May 12th that authorizes the company to buyback $75.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 5.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Capstone Asset Management Company boosted its position in Group 1 Automotive by 38.9% in the fourth quarter. Capstone Asset Management Company now owns 9,744 shares of the company’s stock worth $738,000 after buying an additional 2,730 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Group 1 Automotive by 5.9% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 476,100 shares of the company’s stock worth $36,040,000 after buying an additional 26,475 shares during the last quarter. TFS Capital LLC boosted its position in Group 1 Automotive by 143.5% in the fourth quarter. TFS Capital LLC now owns 48,483 shares of the company’s stock worth $3,670,000 after buying an additional 28,574 shares during the last quarter. California State Teachers Retirement System boosted its position in Group 1 Automotive by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 43,275 shares of the company’s stock worth $3,276,000 after buying an additional 753 shares during the last quarter. Finally, Jackson Wealth Management LLC boosted its position in Group 1 Automotive by 37.3% in the fourth quarter. Jackson Wealth Management LLC now owns 20,169 shares of the company’s stock worth $1,226,000 after buying an additional 5,477 shares during the last quarter. 97.52% of the stock is currently owned by hedge funds and other institutional investors.

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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