Analysts Expect Group 1 Automotive, Inc. (GPI) to Announce $2.52 Earnings Per Share

Equities analysts expect that Group 1 Automotive, Inc. (NYSE:GPI) will report earnings of $2.52 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for Group 1 Automotive’s earnings, with estimates ranging from $2.40 to $2.64. Group 1 Automotive reported earnings per share of $2.23 during the same quarter last year, which indicates a positive year-over-year growth rate of 13%. The business is scheduled to announce its next earnings results before the market opens on Thursday, October 25th.

According to Zacks, analysts expect that Group 1 Automotive will report full year earnings of $8.87 per share for the current year, with EPS estimates ranging from $8.73 to $8.98. For the next fiscal year, analysts forecast that the company will report earnings of $8.79 per share, with EPS estimates ranging from $7.81 to $9.49. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Group 1 Automotive.

Group 1 Automotive (NYSE:GPI) last posted its earnings results on Thursday, July 26th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.14 by $0.31. The firm had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.92 billion. Group 1 Automotive had a net margin of 1.97% and a return on equity of 15.73%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.87 EPS.

Several brokerages have issued reports on GPI. Zacks Investment Research downgraded shares of Group 1 Automotive from a “buy” rating to a “hold” rating in a research report on Friday, September 28th. ValuEngine downgraded shares of Group 1 Automotive from a “hold” rating to a “sell” rating in a research report on Friday, June 29th. TheStreet downgraded shares of Group 1 Automotive from a “b-” rating to a “c+” rating in a research report on Thursday. Finally, Stephens raised shares of Group 1 Automotive from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a research report on Monday, August 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Group 1 Automotive currently has a consensus rating of “Hold” and an average price target of $84.33.

In other news, insider Daryl Kenningham sold 2,700 shares of the stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $77.75, for a total transaction of $209,925.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Darryl M. Burman sold 1,500 shares of the stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $79.82, for a total value of $119,730.00. Following the transaction, the vice president now owns 62,978 shares of the company’s stock, valued at $5,026,903.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,200 shares of company stock valued at $3,012,805. Company insiders own 4.95% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in GPI. Vident Investment Advisory LLC lifted its stake in Group 1 Automotive by 1.5% during the second quarter. Vident Investment Advisory LLC now owns 44,100 shares of the company’s stock worth $2,778,000 after purchasing an additional 660 shares during the last quarter. Rhumbline Advisers lifted its stake in Group 1 Automotive by 1.5% during the second quarter. Rhumbline Advisers now owns 51,977 shares of the company’s stock worth $3,275,000 after purchasing an additional 759 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in Group 1 Automotive by 5.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 15,180 shares of the company’s stock worth $957,000 after purchasing an additional 790 shares during the last quarter. Flinton Capital Management LLC lifted its stake in Group 1 Automotive by 74.4% during the second quarter. Flinton Capital Management LLC now owns 2,400 shares of the company’s stock worth $151,000 after purchasing an additional 1,024 shares during the last quarter. Finally, Meadow Creek Investment Management LLC lifted its stake in Group 1 Automotive by 74.4% during the second quarter. Meadow Creek Investment Management LLC now owns 3,300 shares of the company’s stock worth $208,000 after purchasing an additional 1,408 shares during the last quarter. Institutional investors own 99.86% of the company’s stock.

GPI opened at $53.43 on Friday. The company has a market cap of $1.06 billion, a P/E ratio of 6.91, a price-to-earnings-growth ratio of 3.67 and a beta of 1.96. Group 1 Automotive has a 1 year low of $53.03 and a 1 year high of $84.47. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.07 and a quick ratio of 0.26.

About Group 1 Automotive

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. It sells new and used cars, light trucks, and vehicle parts; arranges vehicle financing; sells service and insurance contracts; and provides automotive maintenance and repair services. The company has operations primarily in the metropolitan areas of Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 28 towns in the United Kingdom; and in the metropolitan markets of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.

Read More: Understanding Compound Annual Growth Rate (CAGR)

Get a free copy of the Zacks research report on Group 1 Automotive (GPI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Group 1 Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Group 1 Automotive and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply