Group 1 Automotive, Inc. (NYSE:GPI) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Group 1 Automotive, Inc. (NYSE:GPI) have been given a consensus recommendation of “Buy” by the eight analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $83.80.

A number of equities research analysts have issued reports on the stock. ValuEngine cut shares of Group 1 Automotive from a “hold” rating to a “sell” rating in a report on Friday, August 16th. Morgan Stanley boosted their target price on shares of Group 1 Automotive from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Friday, August 2nd.

In other news, insider Daryl Kenningham sold 9,000 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $87.05, for a total value of $783,450.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Frank Grese sold 5,000 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $78.45, for a total transaction of $392,250.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,200 shares of company stock worth $2,063,100. Insiders own 6.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its position in Group 1 Automotive by 2.0% in the second quarter. State of Alaska Department of Revenue now owns 5,987 shares of the company’s stock worth $490,000 after acquiring an additional 118 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in Group 1 Automotive by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 7,055 shares of the company’s stock worth $456,000 after acquiring an additional 127 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in Group 1 Automotive by 2.3% in the second quarter. Crossmark Global Holdings Inc. now owns 8,721 shares of the company’s stock worth $714,000 after acquiring an additional 200 shares in the last quarter. Arizona State Retirement System grew its position in Group 1 Automotive by 1.5% in the second quarter. Arizona State Retirement System now owns 27,289 shares of the company’s stock worth $2,235,000 after acquiring an additional 412 shares in the last quarter. Finally, Cubic Asset Management LLC grew its position in Group 1 Automotive by 1.0% in the first quarter. Cubic Asset Management LLC now owns 55,105 shares of the company’s stock worth $3,565,000 after acquiring an additional 550 shares in the last quarter. 99.96% of the stock is currently owned by hedge funds and other institutional investors.

GPI stock traded down $4.51 during midday trading on Friday, reaching $72.55. 258,687 shares of the company’s stock traded hands, compared to its average volume of 199,900. The company has a 50-day moving average price of $81.82 and a two-hundred day moving average price of $73.20. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.24 and a current ratio of 1.01. Group 1 Automotive has a 52 week low of $48.69 and a 52 week high of $89.85. The firm has a market capitalization of $1.43 billion, a PE ratio of 8.14, a price-to-earnings-growth ratio of 1.26 and a beta of 1.76.

Group 1 Automotive (NYSE:GPI) last issued its earnings results on Thursday, July 25th. The company reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $0.09. Group 1 Automotive had a net margin of 1.31% and a return on equity of 15.90%. The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.92 billion. During the same quarter in the previous year, the firm posted $2.45 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, analysts predict that Group 1 Automotive will post 10.28 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a $0.28 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.12 annualized dividend and a dividend yield of 1.54%. This is a boost from Group 1 Automotive’s previous quarterly dividend of $0.26. Group 1 Automotive’s dividend payout ratio is presently 11.67%.

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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