Group 1 Automotive, Inc. (NYSE:GPI) VP Edward Mckissic Sells 79 Shares

Group 1 Automotive, Inc. (NYSE:GPI) VP Edward Mckissic sold 79 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $374.01, for a total value of $29,546.79. Following the transaction, the vice president now owns 6,259 shares of the company’s stock, valued at $2,340,928.59. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Group 1 Automotive Stock Down 1.1 %

GPI opened at $402.79 on Friday. The stock’s fifty day moving average is $366.72 and its 200-day moving average is $333.42. The company has a market capitalization of $5.37 billion, a PE ratio of 10.73, a P/E/G ratio of 1.88 and a beta of 1.33. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.26 and a current ratio of 1.00. Group 1 Automotive, Inc. has a one year low of $255.73 and a one year high of $413.36.

Group 1 Automotive (NYSE:GPI) last announced its earnings results on Wednesday, October 30th. The company reported $9.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.87 by $0.03. The company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.06 billion. Group 1 Automotive had a return on equity of 18.49% and a net margin of 2.68%. Group 1 Automotive’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $12.07 earnings per share. On average, equities analysts predict that Group 1 Automotive, Inc. will post 38.99 EPS for the current fiscal year.

Institutional Investors Weigh In On Group 1 Automotive

Institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its holdings in shares of Group 1 Automotive by 5.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,808 shares of the company’s stock valued at $528,000 after buying an additional 96 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Group 1 Automotive by 15.2% in the first quarter. BNP Paribas Financial Markets now owns 22,236 shares of the company’s stock valued at $6,498,000 after purchasing an additional 2,927 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Group 1 Automotive in the first quarter valued at about $475,000. Envestnet Portfolio Solutions Inc. grew its stake in Group 1 Automotive by 54.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 1,204 shares of the company’s stock valued at $352,000 after purchasing an additional 423 shares in the last quarter. Finally, Quantbot Technologies LP grew its stake in Group 1 Automotive by 648.4% in the first quarter. Quantbot Technologies LP now owns 6,571 shares of the company’s stock valued at $1,920,000 after purchasing an additional 5,693 shares in the last quarter. 99.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GPI has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on Group 1 Automotive from $420.00 to $425.00 and gave the company an “overweight” rating in a research report on Tuesday. Bank of America cut their target price on Group 1 Automotive from $445.00 to $435.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Stephens assumed coverage on Group 1 Automotive in a research note on Thursday, September 12th. They set an “equal weight” rating and a $394.00 target price on the stock. Morgan Stanley raised Group 1 Automotive from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $285.00 to $430.00 in a research note on Wednesday, September 25th. Finally, StockNews.com raised Group 1 Automotive from a “sell” rating to a “hold” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Group 1 Automotive presently has a consensus rating of “Moderate Buy” and a consensus price target of $397.80.

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.