Insider Selling: Group 1 Automotive, Inc. (NYSE:GPI) VP Sells 79 Shares of Stock

Group 1 Automotive, Inc. (NYSE:GPI - Get Free Report) VP Edward Mckissic sold 79 shares of the business's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $374.01, for a total transaction of $29,546.79. Following the completion of the transaction, the vice president now directly owns 6,259 shares of the company's stock, valued at approximately $2,340,928.59. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Group 1 Automotive Trading Down 1.1 %

Shares of GPI stock traded down $4.59 on Thursday, reaching $402.79. The company had a trading volume of 135,859 shares, compared to its average volume of 135,090. The company has a 50-day moving average of $366.72 and a 200-day moving average of $333.42. Group 1 Automotive, Inc. has a 12 month low of $255.73 and a 12 month high of $413.36. The stock has a market cap of $5.37 billion, a PE ratio of 10.73, a PEG ratio of 1.88 and a beta of 1.33. The company has a current ratio of 1.00, a quick ratio of 0.26 and a debt-to-equity ratio of 0.91.

Group 1 Automotive (NYSE:GPI - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $9.90 EPS for the quarter, beating the consensus estimate of $9.87 by $0.03. Group 1 Automotive had a net margin of 2.68% and a return on equity of 18.49%. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter in the prior year, the firm earned $12.07 earnings per share. The business's quarterly revenue was up 11.0% on a year-over-year basis. On average, equities analysts forecast that Group 1 Automotive, Inc. will post 38.99 earnings per share for the current year.

Analyst Ratings Changes

GPI has been the subject of several research reports. StockNews.com raised Group 1 Automotive from a "sell" rating to a "hold" rating in a research note on Thursday, October 31st. Stephens began coverage on Group 1 Automotive in a report on Thursday, September 12th. They set an "equal weight" rating and a $394.00 price objective for the company. JPMorgan Chase & Co. raised their target price on shares of Group 1 Automotive from $420.00 to $425.00 and gave the company an "overweight" rating in a research note on Tuesday. Bank of America dropped their price target on shares of Group 1 Automotive from $445.00 to $435.00 and set a "buy" rating for the company in a research note on Monday, July 22nd. Finally, Morgan Stanley raised shares of Group 1 Automotive from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $285.00 to $430.00 in a research note on Wednesday, September 25th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Group 1 Automotive currently has an average rating of "Moderate Buy" and a consensus target price of $397.80.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its stake in Group 1 Automotive by 22.0% in the second quarter. The Manufacturers Life Insurance Company now owns 639,142 shares of the company's stock valued at $190,004,000 after buying an additional 115,143 shares in the last quarter. Woodson Capital Management LP lifted its position in Group 1 Automotive by 114.6% in the 1st quarter. Woodson Capital Management LP now owns 142,500 shares of the company's stock valued at $41,643,000 after acquiring an additional 76,102 shares in the last quarter. Hennessy Advisors Inc. boosted its stake in Group 1 Automotive by 18.1% in the 2nd quarter. Hennessy Advisors Inc. now owns 108,500 shares of the company's stock worth $32,255,000 after purchasing an additional 16,600 shares during the period. Shellback Capital LP increased its holdings in Group 1 Automotive by 27.1% during the 2nd quarter. Shellback Capital LP now owns 95,302 shares of the company's stock worth $28,331,000 after purchasing an additional 20,302 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of Group 1 Automotive by 596.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 76,384 shares of the company's stock valued at $29,259,000 after purchasing an additional 65,414 shares during the period. 99.92% of the stock is currently owned by institutional investors.

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.