Group 1 Automotive (NYSE:GPI – Get Grade) was downgraded by stock analysts StockNews.com from a “strong buy” rating to a “buy” rating in a report released Tuesday.
Other equity research analysts have also recently released reports on the company. Morgan Stanley downgraded 1 Automotive Group from an “equal weight” rating to an “underweight” rating and lowered its price target for the company from $187.00 to $160.00 in a report Friday, May 20. JPMorgan Chase & Co. downgraded Group 1 Automotive from an “overweight” rating to a “neutral” rating and lowered its price target for the company from $240.00 to $200.00 in a Thursday report April 7.
Shares of GPI traded down $3.20 in Tuesday’s trading, hitting $177.78. The company’s shares had a trading volume of 119,961 shares, compared to an average volume of 195,120. Group 1 Automotive has a 12-month low of $145.72 and a 12-month high of 212.23 $. The company has a quick ratio of 0.34, a current ratio of 1.02 and a debt ratio of 0.98. The company has a market capitalization of $2.95 billion, a price/earnings ratio of 4.88, a P/E/G ratio of 0.30 and a beta of 1.52. The company has a fifty-day moving average of $177.25 and a two-hundred-day moving average of $179.53.
Group 1 Automotive (NYSE:GPI – Get Rating) last released its quarterly results on Wednesday, April 27. The company reported earnings per share of $10.81 for the quarter, beating consensus analyst estimates of $9.45 from $1.36. The 1 Automotive group posted a return on equity of 38.47% and a net margin of 4.45%. The company posted revenue of $3.84 billion in the quarter, versus a consensus estimate of $3.77 billion. During the same period of the previous year, the company achieved EPS of $5.57. The company’s quarterly revenue increased 30.1% year over year. As a group, stock analysts expect Group 1 Automotive to post EPS of 41.89 for the current fiscal year.
In other news, Vice Chairman Michael David Jones sold 1,000 shares in a trade on Wednesday, June 8. The stock was sold at an average price of $181.49, for a total value of $181,490.00. Following the completion of the transaction, the vice president now owns 12,972 shares of the company, valued at $2,354,288.28. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, SVP Frank Grese sold 910 shares in a trade on Friday, May 13. The stock was sold at an average price of $185.86, for a total value of $169,132.60. Following completion of the transaction, the senior vice president now directly owns 21,714 shares of the company, valued at approximately $4,035,764.04. The disclosure of this sale can be found here. 3.80% of the shares are held by insiders.
Several large investors have recently increased or reduced their stake in the company. EverSource Wealth Advisors LLC acquired a new stake in shares of Group 1 Automotive in the fourth quarter worth $27,000. First Quadrant LLC CA acquired a new stake in shares of Group 1 Automotive in the first quarter valued at $33,000. UMB Bank NA MO acquired a new stake in shares of Group 1 Automotive in the fourth quarter worth $46,000. National Bank of Canada FI acquired a new stake in the shares of Groupe 1 Automotive in the fourth quarter at a value of $67,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Group 1 Automotive in the fourth quarter worth $135,000. 99.57% of the shares are held by institutional investors.
Group 1 Automotive Company Profile (Get an evaluation)
Group 1 Automotive, Inc, through its subsidiaries, operates in the motor vehicle retail business. The company sells new and used cars, light trucks and vehicle parts, as well as service and insurance contracts; organizes the financing of related vehicles; and provides automotive maintenance and repair services. It primarily operates in 17 states of the United States; and 35 UK cities.
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