Group 1 Automotive, Inc. (NYSE:GPI) had its target price upped by research analysts at Wells Fargo & Company from $65.00 to $85.00 in a note issued to investors on Monday. The firm currently has a “market perform” rating on the stock. Wells Fargo & Company’s target price would indicate a potential upside of 8.11% from the company’s current price.

Other research analysts have also issued research reports about the company. ValuEngine lowered Group 1 Automotive from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. TheStreet lowered Group 1 Automotive from a “b-” rating to a “c+” rating in a research report on Thursday, August 17th. Stephens restated an “equal weight” rating and set a $87.00 price objective (up previously from $83.00) on shares of Group 1 Automotive in a research report on Wednesday, October 4th. KeyCorp restated a “hold” rating on shares of Group 1 Automotive in a research report on Wednesday, October 4th. Finally, Berenberg Bank initiated coverage on Group 1 Automotive in a research report on Wednesday, October 4th. They set a “hold” rating and a $77.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $77.60.

Group 1 Automotive (NYSE GPI) traded up 0.20% during midday trading on Monday, hitting $78.62. The stock had a trading volume of 319,402 shares. The stock has a 50-day moving average price of $70.42 and a 200 day moving average price of $63.95. Group 1 Automotive has a one year low of $51.62 and a one year high of $83.18. The firm has a market cap of $1.58 billion, a PE ratio of 12.08 and a beta of 1.62.

Group 1 Automotive (NYSE:GPI) last released its quarterly earnings data on Thursday, October 26th. The company reported $2.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.76 by $0.47. Group 1 Automotive had a return on equity of 15.69% and a net margin of 1.20%. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the firm posted $1.96 EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, analysts predict that Group 1 Automotive will post $7.21 earnings per share for the current year.

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In other Group 1 Automotive news, CFO John C. Rickel sold 10,000 shares of the business’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $66.99, for a total transaction of $669,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 40,000 shares of company stock valued at $3,067,300 in the last quarter. 6.08% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in GPI. BlackRock Inc. boosted its position in Group 1 Automotive by 47,561.6% during the 1st 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 during the period. Vanguard Group Inc. raised its stake in shares of Group 1 Automotive by 25.5% in the 1st quarter. Vanguard Group Inc. now owns 2,153,519 shares of the company’s stock worth $159,532,000 after buying an additional 437,387 shares in the last quarter. Crescent Grove Advisors LLC bought a new stake in shares of Group 1 Automotive in the 2nd quarter worth $21,536,000. The Manufacturers Life Insurance Company raised its stake in shares of Group 1 Automotive by 19.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,802,293 shares of the company’s stock worth $114,122,000 after buying an additional 295,967 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Group 1 Automotive by 25.9% in the 2nd quarter. Northern Trust Corp now owns 765,256 shares of the company’s stock worth $48,456,000 after buying an additional 157,223 shares in the last quarter. Institutional investors own 97.67% 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.

Analyst Recommendations for Group 1 Automotive (NYSE:GPI)

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