Group 1 Automotive, Inc. (NYSE:GPI) CEO Earl J. Hesterberg sold 40,000 shares of the company’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $79.39, for a total value of $3,175,600.00. Following the completion of the transaction, the chief executive officer now directly owns 108,440 shares in the company, valued at $8,609,051.60. The sale was disclosed in a filing with the SEC, which is available through this link.

Group 1 Automotive, Inc. (GPI) traded up $1.87 during trading hours on Friday, hitting $82.47. The stock had a trading volume of 152,958 shares, compared to its average volume of 240,362. The company has a market cap of $1,720.00, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 1.42 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, Inc. has a 1 year low of $51.62 and a 1 year high of $84.47.

Group 1 Automotive (NYSE:GPI) last released its earnings results on Thursday, October 26th. The company reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.47. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.80 billion. Group 1 Automotive had a return on equity of 15.69% and a net margin of 1.20%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.96 EPS. analysts expect that Group 1 Automotive, Inc. will post 7.44 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.21%. This is an increase from Group 1 Automotive’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, November 30th. Group 1 Automotive’s dividend payout ratio is presently 15.80%.

Large investors have recently added to or reduced their stakes in the company. Quantitative Systematic Strategies LLC bought a new stake in shares of Group 1 Automotive during the 3rd quarter valued at $215,000. First Trust Advisors LP lifted 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 valued at $2,330,000 after acquiring an additional 9,647 shares during the period. Capital Fund Management S.A. bought a new stake in shares of Group 1 Automotive during the 2nd quarter valued at $1,322,000. FCA Corp TX bought a new stake in shares of Group 1 Automotive during the 3rd quarter worth $290,000. Finally, Nordea Investment Management AB lifted 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 buying an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 97.57% of the company’s stock.

A number of brokerages have commented on GPI. Buckingham Research raised Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $89.00 price objective on the stock in a report on Friday, January 5th. Zacks Investment Research raised Group 1 Automotive from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Stephens reaffirmed an “equal weight” rating and issued a $87.00 price objective (up from $83.00) on shares of Group 1 Automotive in a report on Wednesday, October 4th. KeyCorp reaffirmed a “hold” rating on shares of Group 1 Automotive in a report on Wednesday, October 4th. Finally, Wells Fargo & Co upped their price objective on Group 1 Automotive from $65.00 to $85.00 and gave the company a “market perform” rating in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Group 1 Automotive presently has a consensus rating of “Hold” and a consensus price target of $79.50.

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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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