Group 1 Automotive (NYSE:GPI – Get Grade) was upgraded by StockNews.com analysts from a “buy” rating to a “strong buy” rating in a report released Friday.
GPI has been the subject of a number of other research reports. Morgan Stanley downgraded shares of 1 Automotive Group from an “equal weight” rating to an “underweight” rating and lowered its price target for the company from $187.00 to $160.00 in a rating of research from Friday, May 20. JPMorgan Chase & Co. downgraded shares of Group 1 Automotive from an “overweight” rating to a “neutral” rating and reduced its target price for the company from $240.00 to $200.00 in a research note Thursday, April 7.
Shares of Group 1 Automotive were up $7.20 by midday on Friday, hitting $166.39. 479,852 shares of the company have been traded, compared to its average volume of 194,970. The company has a market capitalization of $2.76 billion, a price-earnings ratio of 4.57, a PEG ratio of 0, 30 and a beta of 1.52. The stock has a 50-day moving average of $175.88 and a two-hundred-day moving average of $181.03. The company has a quick ratio of 0.34, a current ratio of 1.02 and a debt ratio of 0.98. Group 1 Automotive has a 12 month low of $143.00 and a 12 month high of $212.23.
Group 1 Automotive (NYSE:GPI – Get Rating) last released its quarterly results on Wednesday, April 27. The company reported earnings per share (EPS) of $10.81 for the quarter, beating consensus analyst estimates of $9.45 from $1.36. The company posted revenue of $3.84 billion for the quarter, versus a consensus estimate of $3.77 billion. The 1 Automotive group posted a net margin of 4.45% and a return on equity of 38.47%. Group 1 Automotive revenue increased 30.1% year-over-year. In the same quarter of the previous year, the company had earned earnings per share of $5.57. As a group, sell-side analysts expect Group 1 Automotive to post earnings per share of 41.89 for the current year.
Separately, SVP Frank Grese sold 910 shares of the company in a transaction dated Friday, May 13. The shares were sold at an average price of $185.86, for a total value of $169,132.60. Following the transaction, the Senior Vice President now directly owns 21,714 shares of the company, valued at $4,035,764.04. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, CEO Earl J. Hesterberg sold 3,294 shares of the company in a trade dated Monday, March 21. The stock was sold at an average price of $197.21, for a total transaction of $649,609.74. The disclosure of this sale can be found here. In the past three months, insiders have sold 5,204 shares of the company worth $1,000,232. Insiders hold 3.80% of the shares of the company.
Hedge funds and other institutional investors have recently been buying and selling shares of the company. PDT Partners LLC bought a new position in shares of Group 1 Automotive in the fourth quarter worth approximately $443,000. Polianta Ltd bought a new position in Group 1 Automotive during Q4 worth approximately $1,171,000. CIBC Asset Management Inc. increased its holdings in Group 1 Automotive by 11.1% during the 4th quarter. CIBC Asset Management Inc. now owns 2,215 shares of the company worth $432,000 after acquiring 221 additional shares in the last quarter. Moors & Cabot Inc. bought a new position in Group 1 Automotive during Q3 for a value of approximately $426,000. Finally, Evanson Asset Management LLC bought a new position in Group 1 Automotive during Q4 worth approximately $225,000. Hedge funds and other institutional investors own 99.57% of the company’s shares.
About Group 1 Automotive (Get a rating)
Group 1 Automotive, Inc, through its subsidiaries, operates in the motor vehicle retail business. The company sells new and used cars, light trucks and vehicle parts, as well as service and insurance contracts; organizes the financing of related vehicles; and provides automotive maintenance and repair services. It primarily operates in 17 states of the United States; and 35 UK cities.
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