Guggenheim Has Lowered Expectations for Group 1 Automotive (NYSE:GPI) Stock Price

Group 1 Automotive (NYSE:GPI - Get Free Report) had its target price reduced by equities research analysts at Guggenheim from $502.00 to $426.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Guggenheim's price target suggests a potential upside of 8.15% from the company's previous close.

Several other research analysts have also issued reports on GPI. Stephens reissued an "equal weight" rating and issued a $460.00 price target on shares of Group 1 Automotive in a research report on Thursday, January 30th. JPMorgan Chase & Co. reduced their price target on shares of Group 1 Automotive from $495.00 to $435.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $447.67.

Group 1 Automotive Trading Up 0.6 %

Shares of NYSE:GPI opened at $393.89 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 1.03. Group 1 Automotive has a 1-year low of $265.32 and a 1-year high of $490.09. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 10.73 and a beta of 1.05. The company has a 50 day moving average price of $418.92 and a 200 day moving average price of $415.64.

Group 1 Automotive (NYSE:GPI - Get Free Report) last posted its earnings results on Wednesday, January 29th. The company reported $10.02 EPS for the quarter, topping the consensus estimate of $8.77 by $1.25. Group 1 Automotive had a net margin of 2.47% and a return on equity of 18.09%. On average, research analysts anticipate that Group 1 Automotive will post 41 EPS for the current fiscal year.

Hedge Funds Weigh In On Group 1 Automotive

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. raised its holdings in Group 1 Automotive by 2.3% in the 3rd quarter. Franklin Resources Inc. now owns 156,627 shares of the company's stock valued at $55,701,000 after acquiring an additional 3,507 shares during the period. Boston Partners lifted its holdings in Group 1 Automotive by 3.3% during the 4th quarter. Boston Partners now owns 74,844 shares of the company's stock worth $31,653,000 after purchasing an additional 2,405 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Group 1 Automotive by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 154,923 shares of the company's stock valued at $65,297,000 after purchasing an additional 2,000 shares during the period. Cinctive Capital Management LP lifted its holdings in shares of Group 1 Automotive by 181.3% during the fourth quarter. Cinctive Capital Management LP now owns 21,321 shares of the company's stock worth $8,986,000 after buying an additional 13,742 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC bought a new stake in shares of Group 1 Automotive in the fourth quarter valued at about $295,000. Institutional investors own 99.92% of the company's stock.

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.

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