Group 1 Automotive, Inc. (NYSE:GPI) insider Daryl Kenningham sold 6,700 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $78.68, for a total transaction of $527,156.00. Following the transaction, the insider now owns 42,130 shares in the company, valued at $3,314,788.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of Group 1 Automotive, Inc. (NYSE:GPI) traded down 0.06% during mid-day trading on Tuesday, hitting $78.57. 311,522 shares of the company’s stock were exchanged. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 12.08 and a beta of 1.62. Group 1 Automotive, Inc. has a 52 week low of $51.62 and a 52 week high of $83.18. The firm has a 50 day moving average price of $70.42 and a 200-day moving average price of $63.95.

Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings results on Thursday, October 26th. The company reported $2.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.47. Group 1 Automotive had a net margin of 1.20% and a return on equity of 15.69%. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the previous year, the company earned $1.96 earnings per share. The business’s revenue was up 6.7% compared to the same quarter last year. On average, equities analysts anticipate that Group 1 Automotive, Inc. will post $7.28 EPS for the current year.

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A number of institutional investors and hedge funds have recently bought and sold shares of GPI. Victory Capital Management Inc. acquired a new stake in Group 1 Automotive during the first quarter worth $113,000. Riverhead Capital Management LLC boosted its stake in Group 1 Automotive by 93.2% during the second quarter. Riverhead Capital Management LLC now owns 1,932 shares of the company’s stock worth $122,000 after buying an additional 932 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Group 1 Automotive during the second quarter worth $177,000. Paloma Partners Management Co acquired a new stake in Group 1 Automotive during the first quarter worth $200,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Group 1 Automotive during the second quarter worth $211,000. Hedge funds and other institutional investors own 97.67% of the company’s stock.

A number of research firms have commented on GPI. Wells Fargo & Company increased their price objective on shares of Group 1 Automotive from $65.00 to $85.00 and gave the company a “market perform” rating in a research note on Monday. KeyCorp reiterated a “hold” rating on shares of Group 1 Automotive in a research note on Wednesday, October 4th. Berenberg Bank began coverage on shares of Group 1 Automotive in a research note on Wednesday, October 4th. They set a “hold” rating and a $77.00 price objective on the stock. Stephens reiterated an “equal weight” rating and set a $87.00 price objective (up from $83.00) on shares of Group 1 Automotive in a research note on Wednesday, October 4th. Finally, Zacks Investment Research downgraded shares of Group 1 Automotive from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Group 1 Automotive has a consensus rating of “Hold” and an average target price of $77.60.

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.

Insider Buying and Selling by Quarter for Group 1 Automotive (NYSE:GPI)

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