Shares of Group 1 Automotive, Inc. (NYSE:GPI) have received an average rating of “Hold” from the eight research firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $68.33.

GPI has been the topic of a number of research analyst reports. Goldman Sachs Group, Inc. (The) upgraded shares of Group 1 Automotive from a “sell” rating to a “neutral” rating and boosted their target price for the company from $56.00 to $67.00 in a research note on Thursday, September 7th. ValuEngine cut shares of Group 1 Automotive from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. BidaskClub upgraded shares of Group 1 Automotive from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. 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. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $66.00 price target (down previously from $75.00) on shares of Group 1 Automotive in a research report on Monday, July 17th.

Group 1 Automotive (NYSE:GPI) traded up 0.82% on Friday, reaching $66.24. 378,873 shares of the company’s stock traded hands. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 10.18 and a beta of 1.61. Group 1 Automotive has a 52-week low of $51.62 and a 52-week high of $83.18. The company’s 50 day moving average is $58.88 and its 200-day moving average is $64.58.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Wednesday, August 30th. Group 1 Automotive’s dividend payout ratio (DPR) is currently 14.75%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Capstone Asset Management Co. raised its position in shares of Group 1 Automotive by 0.9% in the second quarter. Capstone Asset Management Co. now owns 7,051 shares of the company’s stock valued at $446,000 after purchasing an additional 60 shares during the period. Arizona State Retirement System raised its position in shares of Group 1 Automotive by 1.0% in the first quarter. Arizona State Retirement System now owns 10,331 shares of the company’s stock valued at $765,000 after purchasing an additional 100 shares during the period. Ironwood Investment Management LLC raised its position 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 valued at $1,624,000 after purchasing an additional 110 shares during the period. Texas Permanent School Fund raised its position in shares of Group 1 Automotive by 1.3% in the second quarter. Texas Permanent School Fund now owns 14,579 shares of the company’s stock valued at $923,000 after purchasing an additional 180 shares during the period. Finally, Moon Capital Management LLC raised its position in shares of Group 1 Automotive by 0.6% in the second quarter. Moon Capital Management LLC now owns 33,957 shares of the company’s stock valued at $2,150,000 after purchasing an additional 200 shares during the period. 97.67% of the stock is currently owned by institutional investors.

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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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