Group 1 Automotive, Inc. (GPI) Receives Consensus Rating of “Hold” from Brokerages

Group 1 Automotive, Inc. (NYSE:GPI) has earned a consensus recommendation of “Hold” from the eleven research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $79.50.

A number of equities research analysts have weighed in on the stock. Berenberg Bank assumed coverage on shares of Group 1 Automotive in a research note on Wednesday, October 4th. They set a “hold” rating and a $77.00 target price for the company. Wells Fargo & Co boosted their target price 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, October 30th. Buckingham Research upgraded shares of Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $89.00 target price for the company in a research note on Friday, January 5th. Stephens reiterated an “equal weight” rating and set a $87.00 target price (up from $83.00) on shares of Group 1 Automotive in a research note on Wednesday, October 4th. Finally, KeyCorp reiterated a “hold” rating on shares of Group 1 Automotive in a research note on Wednesday, October 4th.

Shares of Group 1 Automotive (NYSE GPI) opened at $78.06 on Friday. The firm has a market cap of $1,640.77, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 1.38 and a beta of 1.69. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.27 and a current ratio of 1.05. Group 1 Automotive has a 12 month low of $51.62 and a 12 month high of $84.47.

Group 1 Automotive (NYSE:GPI) last announced 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 business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.80 billion. Group 1 Automotive had a net margin of 1.20% and a return on equity of 15.69%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.96 EPS. equities research analysts predict that Group 1 Automotive will post 7.53 earnings per share for the current year.

In other news, CFO John C. Rickel sold 20,000 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $80.00, for a total transaction of $1,600,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Peter C. Delongchamps sold 884 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $81.10, for a total transaction of $71,692.40. Following the sale, the vice president now directly owns 40,812 shares of the company’s stock, valued at approximately $3,309,853.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 224,092 shares of company stock valued at $17,493,664. Insiders own 6.08% of the company’s stock.

Several hedge funds have recently modified their holdings of GPI. Victory Capital Management Inc. grew its position in shares of Group 1 Automotive by 17.8% during the 2nd quarter. Victory Capital Management Inc. now owns 1,797 shares of the company’s stock valued at $114,000 after acquiring an additional 271 shares during the period. Riverhead Capital Management LLC boosted its holdings in Group 1 Automotive by 93.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,932 shares of the company’s stock worth $122,000 after buying an additional 932 shares during the period. SG Americas Securities LLC bought a new position in Group 1 Automotive in the 2nd quarter worth $177,000. Quantitative Systematic Strategies LLC bought a new position in Group 1 Automotive in the 3rd quarter worth $215,000. Finally, Eqis Capital Management Inc. bought a new position in Group 1 Automotive in the 3rd quarter worth $232,000.

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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.

Analyst Recommendations for Group 1 Automotive (NYSE:GPI)

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