Group 1 Automotive, Inc. (GPI) CEO Earl J. Hesterberg Sells 27,739 Shares

Group 1 Automotive, Inc. (NYSE:GPI) CEO Earl J. Hesterberg sold 27,739 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $74.56, for a total value of $2,068,219.84. Following the completion of the sale, the chief executive officer now owns 134,065 shares in the company, valued at approximately $9,995,886.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Group 1 Automotive, Inc. (GPI) traded up $3.16 during trading hours on Friday, hitting $76.40. The company’s stock had a trading volume of 285,775 shares, compared to its average volume of 282,394. The firm has a market cap of $1,550.00, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 1.35 and a beta of 1.69. Group 1 Automotive, Inc. has a 52-week low of $51.62 and a 52-week high of $84.47. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.05 and a quick ratio of 0.27.

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 Thomson Reuters’ consensus estimate of $1.76 by $0.47. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.80 billion. Group 1 Automotive had a return on equity of 15.69% and a net margin of 1.20%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.96 EPS. equities research analysts forecast that Group 1 Automotive, Inc. will post 7.44 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a dividend of $0.25 per share. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.00 annualized dividend and a dividend yield of 1.31%. Group 1 Automotive’s payout ratio is 15.80%.

Several equities research analysts have commented on the company. Buckingham Research upgraded Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $89.00 target price on the stock in a research note on Friday. Wells Fargo & Co boosted their target price on Group 1 Automotive from $65.00 to $85.00 and gave the company a “market perform” rating in a research note on Monday, October 30th. Zacks Investment Research upgraded Group 1 Automotive from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Stephens restated an “equal weight” rating and issued a $87.00 target price (up previously from $83.00) on shares of Group 1 Automotive in a research note on Wednesday, October 4th. Finally, KeyCorp restated a “hold” rating on shares of Group 1 Automotive in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $79.50.

Large investors have recently bought and sold shares of the business. Quantitative Systematic Strategies LLC acquired a new position in shares of Group 1 Automotive during the 3rd quarter worth approximately $215,000. First Trust Advisors LP increased its position in shares of Group 1 Automotive by 42.9% during the 3rd quarter. First Trust Advisors LP now owns 32,158 shares of the company’s stock worth $2,330,000 after purchasing an additional 9,647 shares during the last quarter. Capital Fund Management S.A. acquired a new position in shares of Group 1 Automotive during the 2nd quarter worth approximately $1,322,000. FCA Corp TX acquired a new position in shares of Group 1 Automotive during the 3rd quarter worth approximately $290,000. Finally, Nordea Investment Management AB increased its position in shares of Group 1 Automotive by 2.8% during the 3rd quarter. Nordea Investment Management AB now owns 73,800 shares of the company’s stock worth $5,348,000 after purchasing an additional 2,000 shares during the last quarter. 97.57% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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

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