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Group 1 Automotive (GPI) to Release Quarterly Earnings on Wednesday

Group 1 Automotive logo with Retail/Wholesale background

Group 1 Automotive (NYSE:GPI - Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect Group 1 Automotive to post earnings of $10.27 per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Group 1 Automotive (NYSE:GPI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $9.80 earnings per share for the quarter, topping the consensus estimate of $9.36 by $0.44. Group 1 Automotive had a return on equity of 20.53% and a net margin of 3.03%. The firm had revenue of $4.70 billion during the quarter, compared to analysts' expectations of $4.68 billion. During the same period in the previous year, the business posted $11.73 EPS. The company's quarterly revenue was up 3.0% compared to the same quarter last year. On average, analysts expect Group 1 Automotive to post $39 EPS for the current fiscal year and $40 EPS for the next fiscal year.

Group 1 Automotive Trading Up 1.2 %

Shares of NYSE:GPI traded up $4.19 during trading on Wednesday, hitting $348.88. 124,251 shares of the company's stock were exchanged, compared to its average volume of 133,537. The firm has a 50-day moving average price of $364.83 and a two-hundred day moving average price of $326.09. Group 1 Automotive has a 1-year low of $228.84 and a 1-year high of $393.93. The firm has a market cap of $4.72 billion, a P/E ratio of 8.14, a PEG ratio of 1.78 and a beta of 1.32. The company has a current ratio of 1.02, a quick ratio of 0.26 and a debt-to-equity ratio of 0.80.

Group 1 Automotive Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 2nd were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Friday, August 30th. Group 1 Automotive's payout ratio is 4.44%.

Insiders Place Their Bets

In other news, VP Michael David Jones sold 1,200 shares of Group 1 Automotive stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $350.99, for a total value of $421,188.00. Following the sale, the vice president now directly owns 9,742 shares in the company, valued at $3,419,344.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.70% of the company's stock.

Wall Street Analysts Forecast Growth

GPI has been the subject of a number of recent analyst reports. Stephens assumed coverage on Group 1 Automotive in a report on Thursday, September 12th. They issued an "equal weight" rating and a $394.00 price objective for the company. StockNews.com upgraded shares of Group 1 Automotive from a "sell" rating to a "hold" rating in a report on Wednesday. Bank of America lowered their target price 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. Morgan Stanley raised shares of Group 1 Automotive from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $285.00 to $430.00 in a report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. raised their price objective on Group 1 Automotive from $360.00 to $420.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $396.80.

Check Out Our Latest Analysis on Group 1 Automotive

About Group 1 Automotive

(Get Free Report)

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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Earnings History for Group 1 Automotive (NYSE:GPI)

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