Group 1 Automotive, Inc. (GPI) Receives Average Recommendation of “Hold” from Analysts

Shares of Group 1 Automotive, Inc. (NYSE:GPI) have earned an average rating of “Hold” from the eleven analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $86.00.

Several analysts have recently weighed in on the stock. Bank of America lifted their target price on shares of Group 1 Automotive from $103.00 to $105.00 and gave the company a “buy” rating in a report on Friday. Zacks Investment Research raised shares of Group 1 Automotive from a “hold” rating to a “strong-buy” rating and set a $92.00 price objective on the stock in a report on Wednesday, January 31st. Buckingham Research raised shares of 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. Finally, Wells Fargo & Co boosted their price objective on shares of Group 1 Automotive from $65.00 to $85.00 and gave the stock a “market perform” rating in a report on Monday, October 30th.

In related news, CFO John C. Rickel sold 10,000 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $81.00, for a total transaction of $810,000.00. Following the sale, the chief financial officer now owns 123,470 shares of the company’s stock, valued at $10,001,070. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Earl J. Hesterberg sold 40,000 shares of the business’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $79.39, for a total transaction of $3,175,600.00. Following the sale, the chief executive officer now directly owns 108,440 shares in the company, valued at approximately $8,609,051.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 167,398 shares of company stock worth $12,974,458. 6.08% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in GPI. Davidson Kempner Capital Management LP purchased a new stake in shares of Group 1 Automotive in the third quarter valued at about $13,115,000. BlackRock Inc. lifted its holdings in shares of Group 1 Automotive by 5.5% in the fourth quarter. BlackRock Inc. now owns 2,606,030 shares of the company’s stock valued at $184,949,000 after purchasing an additional 135,710 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Group 1 Automotive by 5.7% in the second quarter. Vanguard Group Inc. now owns 2,275,649 shares of the company’s stock valued at $144,095,000 after purchasing an additional 122,130 shares in the last quarter. SG Capital Management LLC purchased a new stake in shares of Group 1 Automotive in the fourth quarter valued at about $4,320,000. Finally, James Investment Research Inc. purchased a new stake in shares of Group 1 Automotive in the fourth quarter valued at about $2,437,000. 97.57% of the stock is currently owned by institutional investors.

Shares of Group 1 Automotive (NYSE GPI) opened at $77.83 on Tuesday. The firm has a market cap of $1,608.86, a PE ratio of 7.69, a PEG ratio of 1.34 and a beta of 1.70. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 0.79. Group 1 Automotive has a fifty-two week low of $51.62 and a fifty-two week high of $84.47.

Group 1 Automotive (NYSE:GPI) last issued its earnings results on Thursday, February 8th. The company reported $2.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.24. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.85 billion. Group 1 Automotive had a net margin of 1.89% and a return on equity of 15.85%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.74 earnings per share. sell-side analysts expect that Group 1 Automotive will post 8.21 EPS for the current year.

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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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