Group 1 Automotive, Inc. (GPI) Given Average Rating of “Buy” by Analysts

Shares of Group 1 Automotive, Inc. (NYSE:GPI) have earned a consensus rating of “Buy” from the nine research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $84.00.

Several equities research analysts have recently weighed in on GPI shares. Goldman Sachs Group raised Group 1 Automotive from a “neutral” rating to a “buy” rating and increased their price objective for the company from $67.00 to $77.00 in a report on Monday, March 4th. Seaport Global Securities initiated coverage on Group 1 Automotive in a research note on Wednesday, February 13th. They set a “buy” rating for the company. They noted that the move was a valuation call. ValuEngine cut Group 1 Automotive from a “sell” rating to a “strong sell” rating in a research note on Friday, February 8th. Buckingham Research cut Group 1 Automotive from a “buy” rating to a “neutral” rating and upped their price target for the stock from $72.00 to $83.00 in a research note on Friday, April 26th. Finally, Morgan Stanley upgraded Group 1 Automotive from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $67.00 to $94.00 in a research report on Monday, May 6th.

In other news, insider Michael David Jones sold 2,500 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $77.76, for a total value of $194,400.00. Following the completion of the transaction, the insider now owns 13,921 shares in the company, valued at $1,082,496.96. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 6.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in GPI. Hsbc Holdings PLC boosted its stake in shares of Group 1 Automotive by 15.8% during the first quarter. Hsbc Holdings PLC now owns 5,865 shares of the company’s stock valued at $379,000 after acquiring an additional 802 shares during the last quarter. Pinebridge Investments L.P. boosted its stake in Group 1 Automotive by 1.7% in the 1st quarter. Pinebridge Investments L.P. now owns 22,244 shares of the company’s stock worth $1,439,000 after buying an additional 379 shares during the last quarter. Geode Capital Management LLC boosted its stake in Group 1 Automotive by 6.7% in the 1st quarter. Geode Capital Management LLC now owns 217,789 shares of the company’s stock worth $14,090,000 after buying an additional 13,680 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Group 1 Automotive by 5.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 141,304 shares of the company’s stock worth $9,143,000 after buying an additional 7,655 shares during the last quarter. Finally, Blueshift Asset Management LLC acquired a new stake in Group 1 Automotive in the 1st quarter worth about $289,000. Institutional investors and hedge funds own 99.96% of the company’s stock.

GPI traded up $0.23 on Friday, reaching $76.96. The company’s stock had a trading volume of 2,757 shares, compared to its average volume of 165,482. The company has a quick ratio of 0.23, a current ratio of 1.00 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 1.86 and a beta of 1.86. Group 1 Automotive has a fifty-two week low of $48.69 and a fifty-two week high of $81.65.

Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings data on Thursday, April 25th. The company reported $2.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.25. The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.86 billion. Group 1 Automotive had a return on equity of 15.56% and a net margin of 1.38%. The company’s revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.70 earnings per share. On average, equities analysts anticipate that Group 1 Automotive will post 10.04 EPS for the current fiscal year.

Group 1 Automotive declared that its Board of Directors has authorized a share repurchase plan on Thursday, February 21st that permits the company to repurchase $75.00 million in shares. This repurchase authorization permits the company to reacquire up to 6.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Group 1 Automotive Company Profile

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks, and vehicle parts, as well as service insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. It has operations primarily in the metropolitan areas in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 32 towns in the United Kingdom; and metropolitan markets in the states of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.

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Analyst Recommendations for Group 1 Automotive (NYSE:GPI)

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