Group 1 Automotive, Inc. (NYSE:GPI) has been given an average recommendation of “Hold” by the seven research firms that are presently covering the firm. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $69.33.
A number of equities analysts have commented on GPI shares. Susquehanna Bancshares Inc started coverage on Group 1 Automotive in a research note on Wednesday, February 1st. They issued a “neutral” rating and a $72.00 price target on the stock. Zacks Investment Research cut Group 1 Automotive from a “buy” rating to a “hold” rating in a research note on Tuesday, January 31st. Finally, CL King cut Group 1 Automotive from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 10th.
A number of institutional investors have recently made changes to their positions in GPI. The Manufacturers Life Insurance Company bought a new position in shares of Group 1 Automotive during the third quarter worth approximately $97,705,000. Vaughan Nelson Investment Management L.P. boosted its position in shares of Group 1 Automotive by 73.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 753,750 shares of the company’s stock worth $48,150,000 after buying an additional 319,875 shares during the period. Gotham Asset Management LLC bought a new position in shares of Group 1 Automotive during the third quarter worth approximately $8,632,000. Norges Bank bought a new position in shares of Group 1 Automotive during the fourth quarter worth approximately $6,783,000. Finally, BlackRock Fund Advisors boosted its position in shares of Group 1 Automotive by 4.4% in the third quarter. BlackRock Fund Advisors now owns 1,444,951 shares of the company’s stock worth $92,303,000 after buying an additional 60,385 shares during the period. 98.55% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Group 1 Automotive (NYSE:GPI) traded up 1.19% on Monday, reaching $71.17. The company’s stock had a trading volume of 285,221 shares. The stock has a market cap of $1.46 billion, a P/E ratio of 10.67 and a beta of 1.51. Group 1 Automotive has a 12 month low of $47.31 and a 12 month high of $83.18. The firm’s 50-day moving average price is $72.59 and its 200-day moving average price is $72.87.
Group 1 Automotive (NYSE:GPI) last announced its quarterly earnings results on Thursday, February 2nd. The company reported $1.74 EPS for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.08. The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.68 billion. Group 1 Automotive had a return on equity of 17.88% and a net margin of 1.31%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.51 EPS. On average, analysts forecast that Group 1 Automotive will post $7.80 earnings per share for the current fiscal year.
About Group 1 Automotive
Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts.
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