Group 1 Automotive (GPI) Downgraded to “C+” at TheStreet

Group 1 Automotive (NYSE:GPI) was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating in a research note issued to investors on Thursday.

Other analysts have also issued research reports about the company. Zacks Investment Research raised Group 1 Automotive from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a report on Wednesday, June 20th. ValuEngine lowered Group 1 Automotive from a “hold” rating to a “sell” rating in a report on Saturday, September 22nd. Morgan Stanley raised their target price on Group 1 Automotive from $59.00 to $64.00 and gave the company a “sell” rating in a report on Wednesday, August 15th. Finally, Stephens reaffirmed a “hold” rating and issued a $95.00 target price on shares of Group 1 Automotive in a report on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $84.33.

GPI opened at $53.43 on Thursday. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 6.91, a price-to-earnings-growth ratio of 3.67 and a beta of 1.95. The company has a current ratio of 1.07, a quick ratio of 0.26 and a debt-to-equity ratio of 1.16. Group 1 Automotive has a 12-month low of $53.03 and a 12-month high of $84.47.

Group 1 Automotive (NYSE:GPI) last released its earnings results on Thursday, July 26th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.14 by $0.31. The firm had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.92 billion. Group 1 Automotive had a return on equity of 15.73% and a net margin of 1.97%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.87 EPS. Research analysts expect that Group 1 Automotive will post 8.87 EPS for the current fiscal year.

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

Several large investors have recently made changes to their positions in the company. Seven Eight Capital LP acquired a new stake in shares of Group 1 Automotive during the 3rd quarter worth approximately $617,000. Foundry Partners LLC grew its holdings in shares of Group 1 Automotive by 7.0% during the 3rd quarter. Foundry Partners LLC now owns 84,499 shares of the company’s stock worth $5,484,000 after purchasing an additional 5,528 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of Group 1 Automotive during the 3rd quarter worth approximately $109,000. Northern Trust Corp grew its holdings in shares of Group 1 Automotive by 3.0% during the 2nd quarter. Northern Trust Corp now owns 846,026 shares of the company’s stock worth $53,300,000 after purchasing an additional 24,446 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Group 1 Automotive by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 389,327 shares of the company’s stock worth $24,527,000 after purchasing an additional 1,416 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors.

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.

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Analyst Recommendations for Group 1 Automotive (NYSE:GPI)

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