Several other equities analysts have also recently issued reports on GPI. ValuEngine cut Group 1 Automotive from a hold rating to a sell rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded Group 1 Automotive from a hold rating to a buy rating and set a $108.00 price target on the stock in a report on Monday. Morgan Stanley raised their price target on Group 1 Automotive from $104.00 to $105.00 and gave the company an overweight rating in a report on Tuesday, October 15th. Finally, Buckingham Research set a $102.00 price target on Group 1 Automotive and gave the company a hold rating in a report on Friday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of $101.50.
Shares of GPI stock traded up $1.70 during trading hours on Friday, hitting $103.67. 260,400 shares of the company's stock were exchanged, compared to its average volume of 174,108. The stock's 50-day moving average is $87.90 and its 200-day moving average is $80.38. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.00 and a quick ratio of 0.24. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 1.72 and a beta of 1.79. Group 1 Automotive has a 52 week low of $48.69 and a 52 week high of $108.99.
Group 1 Automotive (NYSE:GPI) last announced its earnings results on Thursday, October 24th. The company reported $3.02 EPS for the quarter, topping the consensus estimate of $2.72 by $0.30. The company had revenue of $3.12 billion for the quarter, compared to analysts' expectations of $2.95 billion. Group 1 Automotive had a return on equity of 16.48% and a net margin of 1.31%. The business's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.47 earnings per share. Equities research analysts forecast that Group 1 Automotive will post 10.4 earnings per share for the current fiscal year.
In other news, VP Darryl M. Burman sold 10,051 shares of Group 1 Automotive stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $87.58, for a total transaction of $880,266.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO John C. Rickel sold 10,000 shares of Group 1 Automotive stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $88.22, for a total value of $882,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 29,359 shares of company stock valued at $2,586,597 over the last quarter. 6.00% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GPI. Robeco Institutional Asset Management B.V. bought a new stake in Group 1 Automotive in the 3rd quarter valued at $8,407,000. Invesco Ltd. raised its holdings in Group 1 Automotive by 78.6% in the 2nd quarter. Invesco Ltd. now owns 163,449 shares of the company's stock valued at $13,385,000 after acquiring an additional 71,908 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in Group 1 Automotive in the 2nd quarter valued at $5,485,000. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in Group 1 Automotive by 65.9% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 156,889 shares of the company's stock worth $12,848,000 after purchasing an additional 62,300 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Group 1 Automotive by 899.0% in the 2nd quarter. Victory Capital Management Inc. now owns 66,822 shares of the company's stock worth $5,472,000 after purchasing an additional 60,133 shares in the last quarter.
Group 1 Automotive Company Profile
Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks, and vehicle parts, as well as service insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. It has operations primarily in the metropolitan areas in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 32 towns in the United Kingdom; and metropolitan markets in the states of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.
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