Group 1 Automotive, Inc. $GPI Stock Holdings Lowered by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lowered its position in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 14.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 553 shares of the company’s stock after selling 94 shares during the period. Axxcess Wealth Management LLC’s holdings in Group 1 Automotive were worth $242,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Contravisory Investment Management Inc. grew its position in shares of Group 1 Automotive by 2.2% during the second quarter. Contravisory Investment Management Inc. now owns 1,077 shares of the company’s stock worth $470,000 after acquiring an additional 23 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Group 1 Automotive by 2.3% during the second quarter. Farther Finance Advisors LLC now owns 1,022 shares of the company’s stock worth $446,000 after acquiring an additional 23 shares during the last quarter. Sage Rhino Capital LLC grew its position in shares of Group 1 Automotive by 4.6% during the second quarter. Sage Rhino Capital LLC now owns 563 shares of the company’s stock worth $246,000 after acquiring an additional 25 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Group 1 Automotive by 24.8% during the first quarter. Fifth Third Bancorp now owns 146 shares of the company’s stock worth $56,000 after acquiring an additional 29 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Group 1 Automotive by 2.7% during the first quarter. PNC Financial Services Group Inc. now owns 1,144 shares of the company’s stock worth $437,000 after acquiring an additional 30 shares during the last quarter. Institutional investors own 99.92% of the company’s stock.

Group 1 Automotive Stock Performance

GPI stock opened at $433.88 on Friday. Group 1 Automotive, Inc. has a fifty-two week low of $344.38 and a fifty-two week high of $490.09. The company has a quick ratio of 0.24, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $5.61 billion, a P/E ratio of 11.96, a PEG ratio of 1.17 and a beta of 0.85. The company has a 50-day simple moving average of $452.15 and a 200 day simple moving average of $434.20.

Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings results on Thursday, July 24th. The company reported $11.52 earnings per share for the quarter, beating analysts’ consensus estimates of $10.31 by $1.21. Group 1 Automotive had a net margin of 2.18% and a return on equity of 18.10%. The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same period in the prior year, the company earned $9.82 EPS. Group 1 Automotive’s revenue was up 21.4% on a year-over-year basis. Sell-side analysts predict that Group 1 Automotive, Inc. will post 41 earnings per share for the current fiscal year.

Group 1 Automotive Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Group 1 Automotive’s dividend payout ratio is presently 5.51%.

Insider Transactions at Group 1 Automotive

In other Group 1 Automotive news, Director Steven Mizell sold 525 shares of the company’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $417.98, for a total value of $219,439.50. Following the completion of the sale, the director directly owned 8 shares of the company’s stock, valued at approximately $3,343.84. This represents a 98.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lincoln Pereira sold 7,000 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $469.34, for a total transaction of $3,285,380.00. Following the completion of the sale, the director directly owned 82,967 shares of the company’s stock, valued at $38,939,731.78. The trade was a 7.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Group 1 Automotive in a research report on Wednesday, October 8th. Bank of America reduced their price objective on shares of Group 1 Automotive from $560.00 to $545.00 and set a “buy” rating for the company in a report on Wednesday, September 10th. Wall Street Zen downgraded shares of Group 1 Automotive from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Benchmark assumed coverage on shares of Group 1 Automotive in a report on Tuesday, June 24th. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of Group 1 Automotive from $430.00 to $435.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Group 1 Automotive has a consensus rating of “Moderate Buy” and an average target price of $478.00.

Group 1 Automotive Company Profile

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry in the United States and the United Kingdom. The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services.