Group 1 Automotive, Inc. (GPI) Insider Sells $527,156.00 in Stock
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.
WARNING: “Group 1 Automotive, Inc. (GPI) Insider Sells $527,156.00 in Stock” was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/10/31/group-1-automotive-inc-gpi-insider-sells-527156-00-in-stock.html.
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.
Receive News & Ratings for Group 1 Automotive Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Group 1 Automotive Inc. and related companies with MarketBeat.com's FREE daily email newsletter.