Published On: Sat, Sep 17th, 2016

Group 1 Automotive Inc. (GPI) Raised to “Buy” at TheStreet

Group 1 Automotive Inc. (NYSE:GPI) was upgraded by stock analysts at TheStreet from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.
Several other analysts also recently commented on GPI. Zacks Investment Research downgraded shares of Group 1 Automotive from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 12th. Buckingham Research upgraded shares of Group 1 Automotive from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 20th. Finally, Seaport Global Securities initiated coverage on shares of Group 1 Automotive in a research report on Tuesday, August 9th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Group 1 Automotive presently has a consensus rating of “Hold” and a consensus target price of $83.00.
Shares of Group 1 Automotive (NYSE:GPI) traded down 1.76% on Thursday, reaching $60.23. 595,392 shares of the company traded hands. Group 1 Automotive has a 1-year low of $47.31 and a 1-year high of $89.75. The stock has a 50-day moving average price of $60.22 and a 200 day moving average price of $58.50. The firm has a market capitalization of $1.25 billion, a P/E ratio of 15.13 and a beta of 1.63.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/17/group-1-automotive-inc-gpi-raised-to-buy-at-thestreet.html

Group 1 Automotive (NYSE:GPI) last released its quarterly earnings results on Thursday, July 28th. The company reported $2.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.09 by $0.07. Group 1 Automotive had a net margin of 0.82% and a return on equity of 17.97%. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same period last year, the firm earned $1.98 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts anticipate that Group 1 Automotive will post $7.54 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were issued a $0.23 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $0.92 dividend on an annualized basis and a yield of 1.53%. Group 1 Automotive’s dividend payout ratio is currently 22.66%.
In other Group 1 Automotive news, VP Darryl M. Burman sold 2,000 shares of Group 1 Automotive stock in a transaction on Monday, August 29th. The shares were sold at an average price of $58.90, for a total value of $117,800.00. Following the sale, the vice president now directly owns 72,633 shares in the company, valued at approximately $4,278,083.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Peter C. Delongchamps sold 7,500 shares of Group 1 Automotive stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $61.22, for a total transaction of $459,150.00. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. Adage Capital Partners GP L.L.C. bought a new stake in shares of Group 1 Automotive during the first quarter worth about $26,106,000. UBS Group AG boosted its position in shares of Group 1 Automotive by 395.3% in the first quarter. UBS Group AG now owns 294,271 shares of the company’s stock worth $17,270,000 after buying an additional 234,855 shares during the last quarter. Norges Bank acquired a new position in shares of Group 1 Automotive during the fourth quarter worth approximately $16,072,000. Lakewood Capital Management LP boosted its position in shares of Group 1 Automotive by 62.1% in the second quarter. Lakewood Capital Management LP now owns 443,625 shares of the company’s stock worth $21,897,000 after buying an additional 170,000 shares during the last quarter. Finally, Towle & Co. boosted its position in shares of Group 1 Automotive by 125.7% in the second quarter. Towle & Co. now owns 265,491 shares of the company’s stock worth $13,105,000 after buying an additional 147,850 shares during the last quarter. Institutional investors own 97.19% of the company’s stock.
Group 1 Automotive Company Profile
Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts.

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

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>