Group 1 Automotive, Inc. (NYSE:GPI) – Equities researchers at Seaport Global Securities lifted their FY2019 earnings per share estimates for shares of Group 1 Automotive in a report issued on Friday, October 25th. Seaport Global Securities analyst M. Ward now expects that the company will earn $10.70 per share for the year, up from their prior estimate of $10.30. Seaport Global Securities also issued estimates for Group 1 Automotive’s Q4 2019 earnings at $2.76 EPS, Q1 2020 earnings at $2.39 EPS, Q3 2020 earnings at $3.04 EPS, Q4 2020 earnings at $2.80 EPS, FY2020 earnings at $11.30 EPS, Q1 2021 earnings at $2.55 EPS, Q2 2021 earnings at $3.36 EPS and Q3 2021 earnings at $3.33 EPS.
Group 1 Automotive (NYSE:GPI) last announced its quarterly earnings data on Thursday, October 24th. The company reported $3.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.72 by $0.30. The company had revenue of $3.12 billion during the quarter, compared to analyst estimates 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 business earned $2.47 EPS.
Several other research analysts have also weighed in on the stock. JPMorgan Chase & Co. set a $107.00 price objective on shares of Group 1 Automotive and gave the stock a “buy” rating in a report on Friday. ValuEngine lowered shares of Group 1 Automotive from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Buckingham Research set a $102.00 price objective on shares of Group 1 Automotive and gave the stock a “hold” rating in a report on Friday. Zacks Investment Research raised shares of Group 1 Automotive from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a report on Monday. Finally, Morgan Stanley raised their price objective 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $101.50.
Shares of GPI stock opened at $103.67 on Monday. The firm has a market cap of $1.95 billion, a P/E ratio of 11.64, a P/E/G ratio of 1.72 and a beta of 1.79. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.00 and a quick ratio of 0.24. Group 1 Automotive has a 1-year low of $48.69 and a 1-year high of $108.99. The firm has a fifty day moving average of $89.39 and a two-hundred day moving average of $80.89.
In other news, VP Darryl M. Burman sold 10,051 shares of Group 1 Automotive stock in a transaction dated 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 available through the SEC website. Also, CFO John C. Rickel sold 10,000 shares of Group 1 Automotive stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $88.22, for a total transaction of $882,200.00. The disclosure for this sale can be found here. Insiders sold a total of 29,359 shares of company stock valued at $2,586,597 over the last ninety days. Company insiders own 6.00% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Foster & Motley Inc. purchased a new position in shares of Group 1 Automotive in the third quarter worth approximately $207,000. Rhumbline Advisers increased its position in shares of Group 1 Automotive by 5.2% in the third quarter. Rhumbline Advisers now owns 61,497 shares of the company’s stock worth $5,677,000 after acquiring an additional 3,064 shares in the last quarter. Foundry Partners LLC increased its position in shares of Group 1 Automotive by 11.8% in the third quarter. Foundry Partners LLC now owns 196,355 shares of the company’s stock worth $18,126,000 after acquiring an additional 20,788 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new position in shares of Group 1 Automotive in the third quarter worth approximately $609,000. Finally, Smith Graham & Co. Investment Advisors LP increased its position in shares of Group 1 Automotive by 0.6% in the third quarter. Smith Graham & Co. Investment Advisors LP now owns 118,938 shares of the company’s stock worth $10,979,000 after acquiring an additional 700 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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