Stephens set a $110.00 price objective on Group 1 Automotive (NYSE:GPI) in a research note published on Friday morning, TipRanks reports. The firm currently has a buy rating on the stock.
Other analysts have also recently issued reports about the stock. Buckingham Research set a $102.00 target price on shares of Group 1 Automotive and gave the stock a hold rating in a report on Friday. JPMorgan Chase & Co. set a $107.00 target price on shares of Group 1 Automotive and gave the stock a buy rating in a report on Friday. Morgan Stanley raised their target price on shares of Group 1 Automotive from $104.00 to $105.00 and gave the stock an overweight rating in a report on Tuesday, October 15th. ValuEngine cut shares of Group 1 Automotive from a hold rating to a sell rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded shares of Group 1 Automotive from a hold rating to a buy rating and set a $108.00 target price for the company in a report on Monday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $101.50.
Shares of NYSE GPI traded up $1.70 during mid-day trading on Friday, reaching $103.67. 260,400 shares of the company traded hands, compared to its average volume of 174,108. Group 1 Automotive has a fifty-two week low of $48.69 and a fifty-two week high of $108.99. 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 firm has a market cap of $1.95 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 1.72 and a beta of 1.79. The stock has a fifty day simple moving average of $87.90 and a 200-day simple moving average of $80.38.
Group 1 Automotive (NYSE:GPI) last issued its earnings results on Thursday, October 24th. The company reported $3.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.72 by $0.30. The firm had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $2.95 billion. Group 1 Automotive had a net margin of 1.31% and a return on equity of 16.48%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $2.47 earnings per share. As a group, analysts predict that Group 1 Automotive will post 10.4 EPS for the current fiscal year.
In related news, VP Darryl M. Burman sold 10,051 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $87.58, for a total value of $880,266.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John L. Adams sold 9,308 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $88.54, for a total transaction of $824,130.32. Following the completion of the transaction, the director now directly owns 64,627 shares of the company’s stock, valued at approximately $5,722,074.58. The disclosure for this sale can be found here. Insiders have sold 29,359 shares of company stock valued at $2,586,597 over the last 90 days. 6.00% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of GPI. Robeco Institutional Asset Management B.V. acquired a new position in Group 1 Automotive in the 3rd quarter worth approximately $8,407,000. Invesco Ltd. boosted its stake in Group 1 Automotive by 78.6% in the 2nd quarter. Invesco Ltd. now owns 163,449 shares of the company’s stock worth $13,385,000 after purchasing an additional 71,908 shares during the period. Nuveen Asset Management LLC acquired a new position in Group 1 Automotive in the 2nd quarter worth approximately $5,485,000. Grantham Mayo Van Otterloo & Co. LLC boosted its stake 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 during the period. Finally, Victory Capital Management Inc. boosted its stake 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 during the period.
About Group 1 Automotive
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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