A number of other equities research analysts also recently issued reports on the stock. Morgan Stanley upped their price target on shares of Group 1 Automotive from $104.00 to $105.00 and gave the company an overweight rating in a research note on Tuesday, October 15th. ValuEngine downgraded shares of Group 1 Automotive from a hold rating to a sell rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised shares of Group 1 Automotive from a hold rating to a buy rating and set a $108.00 price target on the stock in a research note on Monday. Finally, Buckingham Research set a $102.00 price target on shares of Group 1 Automotive and gave the company a hold rating in a research note on Friday. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $101.50.
Group 1 Automotive stock opened at $103.67 on Friday. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 1.72 and a beta of 1.79. The firm’s fifty day moving average is $89.39 and its 200 day moving average is $80.89. The company has a quick ratio of 0.24, a current ratio of 1.00 and a debt-to-equity ratio of 0.93. 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 released its quarterly earnings results on Thursday, October 24th. The company reported $3.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.72 by $0.30. The company had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $2.95 billion. Group 1 Automotive had a net margin of 1.31% and a return on equity of 16.48%. Group 1 Automotive’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.47 earnings per share. On average, equities research analysts anticipate that Group 1 Automotive will post 10.4 earnings per share for the current fiscal year.
In other Group 1 Automotive news, VP Darryl M. Burman sold 10,051 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $87.58, for a total transaction of $880,266.58. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John L. Adams sold 9,308 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $88.54, for a total transaction of $824,130.32. Following the transaction, the director now owns 64,627 shares in the company, 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 worth $2,586,597 in the last quarter. Company insiders own 6.00% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Krane Funds Advisors LLC bought a new position in Group 1 Automotive during the second quarter valued at $62,000. Point72 Hong Kong Ltd bought a new position in Group 1 Automotive during the second quarter valued at $78,000. Bessemer Group Inc. bought a new position in Group 1 Automotive during the second quarter valued at $120,000. Foster & Motley Inc. bought a new position in Group 1 Automotive during the third quarter valued at $207,000. Finally, Quantamental Technologies LLC grew its holdings in shares of Group 1 Automotive by 313.6% in the second quarter. Quantamental Technologies LLC now owns 2,374 shares of the company’s stock worth $194,000 after purchasing an additional 1,800 shares during the last quarter.
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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