Group 1 Automotive’s (GPI) Equal Weight Rating Reaffirmed at Stephens
Group 1 Automotive, Inc. (NYSE:GPI)‘s stock had its “equal weight” rating reiterated by stock analysts at Stephens in a research note issued to investors on Wednesday. They currently have a $87.00 target price on the stock, up from their previous target price of $83.00. Stephens’ target price would suggest a potential upside of 18.19% from the stock’s previous close.
GPI has been the subject of a number of other reports. Goldman Sachs Group, Inc. (The) upgraded shares of Group 1 Automotive from a “sell” rating to a “neutral” rating and raised their price objective for the company from $56.00 to $67.00 in a research report on Thursday, September 7th. ValuEngine lowered shares of Group 1 Automotive from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. BidaskClub upgraded shares of Group 1 Automotive from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Zacks Investment Research lowered shares of Group 1 Automotive from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $66.00 price objective (down from $75.00) on shares of Group 1 Automotive in a research report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Group 1 Automotive has a consensus rating of “Hold” and an average target price of $74.33.
Shares of Group 1 Automotive (NYSE GPI) traded down 0.47% during trading on Wednesday, hitting $73.61. 207,902 shares of the stock traded hands. The stock has a 50-day moving average of $63.04 and a 200 day moving average of $63.77. Group 1 Automotive has a 1-year low of $51.62 and a 1-year high of $83.18. The company has a market cap of $1.48 billion, a P/E ratio of 11.31 and a beta of 1.63.
Group 1 Automotive (NYSE:GPI) last released its quarterly earnings data on Thursday, July 27th. The company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.12). Group 1 Automotive had a net margin of 1.26% and a return on equity of 15.73%. The firm had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the business posted $2.16 earnings per share. Group 1 Automotive’s revenue was down 4.0% compared to the same quarter last year. On average, equities research analysts predict that Group 1 Automotive will post $7.07 EPS for the current fiscal year.
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In other Group 1 Automotive news, CFO John C. Rickel sold 10,000 shares of Group 1 Automotive stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $66.99, for a total transaction of $669,900.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 7.00% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its stake in shares of Group 1 Automotive by 47,561.6% during the first quarter. BlackRock Inc. now owns 2,537,979 shares of the company’s stock worth $188,015,000 after acquiring an additional 2,532,654 shares in the last quarter. KCG Holdings Inc. raised its stake in shares of Group 1 Automotive by 32.6% during the first quarter. KCG Holdings Inc. now owns 4,570 shares of the company’s stock worth $339,000 after acquiring an additional 1,123 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Group 1 Automotive by 3.2% during the second quarter. Great West Life Assurance Co. Can now owns 29,006 shares of the company’s stock worth $1,836,000 after acquiring an additional 900 shares in the last quarter. Capital Fund Management S.A. purchased a new position in shares of Group 1 Automotive during the second quarter worth approximately $1,322,000. Finally, Morgan Stanley raised its stake in shares of Group 1 Automotive by 17.5% during the first quarter. Morgan Stanley now owns 206,874 shares of the company’s stock worth $15,325,000 after acquiring an additional 30,820 shares in the last quarter. 97.67% of the stock is currently owned by hedge funds and other institutional investors.
About Group 1 Automotive
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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