Group 1 Automotive, Inc. (NYSE:GPI) was downgraded by research analysts at Buckingham Research from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, The Fly reports.

A number of other research firms have also recently weighed in on GPI. Zacks Investment Research raised Group 1 Automotive from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Wells Fargo & Company boosted their price target on Group 1 Automotive from $65.00 to $85.00 and gave the stock a “market perform” rating in a report on Monday, October 30th. TheStreet cut Group 1 Automotive from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. Stephens reissued an “equal weight” rating and issued a $87.00 price target (up from $83.00) on shares of Group 1 Automotive in a report on Wednesday, October 4th. Finally, Goldman Sachs Group, Inc. (The) raised Group 1 Automotive from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $56.00 to $67.00 in a report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $77.60.

Shares of Group 1 Automotive (NYSE:GPI) opened at $79.63 on Monday. Group 1 Automotive has a 12-month low of $51.62 and a 12-month high of $83.18. The company has a market capitalization of $1,661.00, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 1.55 and a beta of 1.69. The company has a current ratio of 1.05, a quick ratio of 0.27 and a debt-to-equity ratio of 1.28.

Group 1 Automotive (NYSE:GPI) last released 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 return on equity of 15.69% and a net margin of 1.20%. The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the previous year, the firm posted $1.96 earnings per share. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. equities analysts predict that Group 1 Automotive will post 7.32 EPS for the current year.

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In related news, CFO John C. Rickel sold 10,000 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $66.99, for a total value of $669,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Peter C. Delongchamps sold 884 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $81.10, for a total value of $71,692.40. Following the completion of the transaction, the vice president now owns 40,812 shares of the company’s stock, valued at $3,309,853.20. The disclosure for this sale can be found here. Insiders sold 66,694 shares of company stock valued at $5,189,106 over the last quarter. Insiders own 6.08% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Group 1 Automotive by 47,561.6% in the first quarter. BlackRock Inc. now owns 2,537,979 shares of the company’s stock valued at $188,015,000 after purchasing an additional 2,532,654 shares during the last quarter. Vanguard Group Inc. increased its stake in Group 1 Automotive by 5.7% during the second quarter. Vanguard Group Inc. now owns 2,275,649 shares of the company’s stock worth $144,095,000 after acquiring an additional 122,130 shares during the last quarter. Eminence Capital LP increased its stake in Group 1 Automotive by 36.0% during the fourth quarter. Eminence Capital LP now owns 2,189,523 shares of the company’s stock worth $165,747,000 after acquiring an additional 579,918 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Group 1 Automotive by 19.6% during the second quarter. The Manufacturers Life Insurance Company now owns 1,802,293 shares of the company’s stock worth $114,122,000 after acquiring an additional 295,967 shares during the last quarter. Finally, BlackRock Fund Advisors increased its stake in Group 1 Automotive by 4.4% during the third quarter. BlackRock Fund Advisors now owns 1,444,951 shares of the company’s stock worth $92,303,000 after acquiring an additional 60,385 shares during the last quarter. Hedge funds and other institutional investors own 98.93% 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.

The Fly

Analyst Recommendations for Group 1 Automotive (NYSE:GPI)

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