Group 1 Automotive, Inc. (NYSE:GPI - Get Free Report) traded down 6.6% during trading on Thursday . The stock traded as low as $408.68 and last traded at $401.62. 104,758 shares were traded during trading, a decline of 19% from the average session volume of 129,064 shares. The stock had previously closed at $429.94.
Analyst Ratings Changes
Several analysts have weighed in on GPI shares. Jefferies Financial Group assumed coverage on Group 1 Automotive in a report on Friday, December 13th. They issued a "buy" rating and a $500.00 price target on the stock. Guggenheim boosted their price target on Group 1 Automotive from $420.00 to $442.00 and gave the company a "buy" rating in a report on Thursday, November 21st. JPMorgan Chase & Co. increased their price target on shares of Group 1 Automotive from $420.00 to $495.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Finally, Stephens reaffirmed an "equal weight" rating and set a $460.00 price objective on shares of Group 1 Automotive in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $460.33.
View Our Latest Research Report on GPI
Group 1 Automotive Trading Up 0.7 %
The company's 50 day moving average price is $448.95 and its two-hundred day moving average price is $411.26. The firm has a market cap of $5.15 billion, a PE ratio of 10.55 and a beta of 1.33. The company has a quick ratio of 0.24, a current ratio of 1.03 and a debt-to-equity ratio of 0.92.
Group 1 Automotive (NYSE:GPI - Get Free Report) last announced its earnings results on Wednesday, January 29th. The company reported $10.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.77 by $1.25. Group 1 Automotive had a return on equity of 18.09% and a net margin of 2.47%. As a group, sell-side analysts forecast that Group 1 Automotive, Inc. will post 41 EPS for the current year.
Group 1 Automotive Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.50 per share. This is a positive change from Group 1 Automotive's previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Monday, March 3rd. Group 1 Automotive's payout ratio is currently 5.44%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of GPI. State Street Corp grew its position in shares of Group 1 Automotive by 2.1% during the 3rd quarter. State Street Corp now owns 541,766 shares of the company's stock worth $207,518,000 after buying an additional 10,969 shares in the last quarter. FMR LLC increased its position in Group 1 Automotive by 26.4% during the 4th quarter. FMR LLC now owns 515,593 shares of the company's stock valued at $217,312,000 after purchasing an additional 107,663 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Group 1 Automotive by 2.5% in the 4th quarter. Alliancebernstein L.P. now owns 396,401 shares of the company's stock valued at $167,075,000 after purchasing an additional 9,587 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Group 1 Automotive by 0.7% during the third quarter. Geode Capital Management LLC now owns 305,602 shares of the company's stock valued at $117,080,000 after purchasing an additional 1,985 shares in the last quarter. Finally, Advent International L.P. raised its stake in Group 1 Automotive by 65.7% in the fourth quarter. Advent International L.P. now owns 203,951 shares of the company's stock worth $85,961,000 after buying an additional 80,870 shares in the last quarter. Institutional investors own 99.92% of the company's stock.
Group 1 Automotive Company Profile
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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.
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