Group 1 Automotive (NYSE:GPI - Get Free Report) was upgraded by StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Wednesday.
Several other research analysts have also commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Group 1 Automotive from $360.00 to $420.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 10th. Stephens assumed coverage on shares of Group 1 Automotive in a report on Thursday, September 12th. They set an "equal weight" rating and a $394.00 price target on the stock. Bank of America dropped their target price on Group 1 Automotive from $445.00 to $435.00 and set a "buy" rating for the company in a research report on Monday, July 22nd. Finally, Morgan Stanley upgraded Group 1 Automotive from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $285.00 to $430.00 in a research report on Wednesday, September 25th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $396.80.
Check Out Our Latest Report on Group 1 Automotive
Group 1 Automotive Price Performance
Shares of Group 1 Automotive stock traded up $4.09 during trading on Wednesday, reaching $348.78. 124,247 shares of the stock traded hands, compared to its average volume of 133,537. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.02 and a quick ratio of 0.26. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 8.23, a P/E/G ratio of 1.78 and a beta of 1.32. Group 1 Automotive has a 52-week low of $228.84 and a 52-week high of $393.93. The business has a fifty day simple moving average of $365.01 and a two-hundred day simple moving average of $326.25.
Group 1 Automotive (NYSE:GPI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $9.80 earnings per share (EPS) 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 business had revenue of $4.70 billion for the quarter, compared to analysts' expectations of $4.68 billion. During the same period in the prior year, the firm earned $11.73 EPS. The company's revenue for the quarter was up 3.0% on a year-over-year basis. Sell-side analysts expect that Group 1 Automotive will post 39.39 EPS for the current year.
Insider Transactions at Group 1 Automotive
In related news, VP Michael David Jones sold 1,200 shares of the company's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $350.99, for a total transaction of $421,188.00. Following the transaction, the vice president now directly owns 9,742 shares of the company's stock, valued at $3,419,344.58. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.70% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hexagon Capital Partners LLC increased its holdings in Group 1 Automotive by 53.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 146 shares of the company's stock worth $43,000 after buying an additional 51 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Group 1 Automotive in the second quarter worth $48,000. EverSource Wealth Advisors LLC lifted its position in Group 1 Automotive by 17.1% during the second quarter. EverSource Wealth Advisors LLC now owns 267 shares of the company's stock valued at $79,000 after purchasing an additional 39 shares during the period. Blue Trust Inc. lifted its position in Group 1 Automotive by 47.5% during the second quarter. Blue Trust Inc. now owns 270 shares of the company's stock valued at $79,000 after purchasing an additional 87 shares during the period. Finally, Values First Advisors Inc. purchased a new stake in Group 1 Automotive in the third quarter valued at $106,000. Hedge funds and other institutional investors own 99.92% of the company's stock.
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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