Group 1 Automotive, Inc. (NYSE: GPI – Get a rating) Vice Chairman Michael David Jones sold 1,000 shares of the company in a trade dated Wednesday, June 8. The stock was sold at an average price of $181.49, for a total value of $181,490.00. Following completion of the transaction, the vice president now owns 12,972 shares of the company, valued at $2,354,288.28. The sale was disclosed in a filing with the SEC, accessible via this hyperlink.
Shares of GPI rose $1.62 on Thursday, hitting $183.33. The stock had a trading volume of 1,143 shares, compared to an average trading volume of 186,772. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 4.99, a growth earnings of 0.31 and a beta of 1.52. The company has a debt ratio of 0.98, a quick ratio of 0.34 and a current ratio of 1.02. The company has a 50-day simple moving average of $173.86 and a 200-day simple moving average of $182.37. Group 1 Automotive, Inc. has a 12-month low of $143.00 and a 12-month high of $212.23.
Group 1 Automotive (NYSE: GPI – Get a rating) last released its quarterly earnings data on Wednesday, April 27. The company reported earnings per share of $10.81 for the quarter, beating consensus analyst estimates of $9.45 from $1.36. The 1 Automotive group posted a return on equity of 38.47% and a net margin of 4.45%. The company posted revenue of $3.84 billion in the quarter, versus analyst estimates of $3.77 billion. In the same quarter last year, the company achieved EPS of $5.57. The company’s revenue for the quarter increased 30.1% year over year. On average, analysts expect Group 1 Automotive, Inc. to post EPS of 41.89 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 15. Shareholders of record on Wednesday, June 1 will receive a dividend of $0.37 per share. This is a boost from Group 1 Automotive’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, May 31. This represents a dividend of $1.48 on an annualized basis and a dividend yield of 0.81%. The dividend distribution rate of Groupe 1 Automotive is currently 4.07%.
Several brokerages have recently commented on GPI. StockNews.com began covering Group 1 Automotive in a research report on Thursday, March 31. They set a “buy” rating on the stock. JPMorgan Chase & Co. downgraded 1 Automotive Group from an “overweight” rating to a “neutral” rating and lowered its price target for the stock from $240.00 to $200.00 in a report from the Thursday, April 7. Finally, Morgan Stanley moved 1 Automotive Group from an “equal weight” rating to an “underweight” rating and lowered its price target for the stock from $187.00 to $160.00 in a report for Friday, May 20. One financial analyst has assigned the stock a sell rating, two have assigned a hold rating and two have assigned the stock a buy rating. Based on MarketBeat data, Group 1 Automotive has an average rating of “Hold” and a consensus price target of $228.00.
Hedge funds and other institutional investors have recently changed their positions in the stock. PDT Partners LLC purchased a new stake in shares of Group 1 Automotive in the fourth quarter valued at approximately $443,000. Polianta Ltd purchased a new stake in shares of Group 1 Automotive in the fourth quarter valued at approximately $1,171,000. CIBC Asset Management Inc. increased its holdings in Group 1 Automotive by 11.1% during the fourth quarter. CIBC Asset Management Inc. now owns 2,215 shares of the company worth $432,000 after purchasing an additional 221 shares during the period. Moors & Cabot Inc. acquired a new stake in Group 1 Automotive during the third quarter valued at $426,000. Finally, Evanson Asset Management LLC acquired a new stake in Group 1 Automotive during the fourth quarter at a value of $225,000. Hedge funds and other institutional investors own 99.57% of the company’s shares.
Group 1 Automotive Company Profile (Get a rating)
Group 1 Automotive, Inc, through its subsidiaries, operates in the motor vehicle retail business. The company sells new and used cars, light trucks and vehicle parts, as well as service and insurance contracts; organizes the financing of related vehicles; and provides automotive maintenance and repair services. It primarily operates in 17 states of the United States; and 35 UK cities.
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