Group 1 Automotive, Inc. (GPI) CEO Sells $288,600.00 in Stock

Group 1 Automotive, Inc. (NYSE:GPI) CEO Earl J. Hesterberg sold 4,000 shares of Group 1 Automotive stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $72.15, for a total value of $288,600.00. Following the completion of the sale, the chief executive officer now directly owns 139,065 shares of the company’s stock, valued at approximately $10,033,539.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Group 1 Automotive, Inc. (NYSE GPI) opened at $73.24 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.27 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $1,509.36, a PE ratio of 11.64, a price-to-earnings-growth ratio of 1.35 and a beta of 1.69. Group 1 Automotive, Inc. has a twelve month low of $51.62 and a twelve month high of $84.47.

Group 1 Automotive (NYSE:GPI) last posted its earnings results on Thursday, October 26th. The company reported $2.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.76 by $0.47. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.80 billion. Group 1 Automotive had a return on equity of 15.69% and a net margin of 1.20%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.96 EPS. equities research analysts expect that Group 1 Automotive, Inc. will post 7.44 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.25 per share. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.00 annualized dividend and a dividend yield of 1.37%. Group 1 Automotive’s payout ratio is presently 15.90%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Arizona State Retirement System grew its holdings in shares of Group 1 Automotive by 1.0% during the second quarter. Arizona State Retirement System now owns 10,431 shares of the company’s stock worth $660,000 after purchasing an additional 100 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Group 1 Automotive by 17.8% during the second quarter. Victory Capital Management Inc. now owns 1,797 shares of the company’s stock worth $114,000 after purchasing an additional 271 shares in the last quarter. Teachers Advisors LLC grew its holdings in shares of Group 1 Automotive by 1.3% during the second quarter. Teachers Advisors LLC now owns 37,238 shares of the company’s stock worth $2,358,000 after purchasing an additional 489 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Group 1 Automotive by 0.9% during the second quarter. California Public Employees Retirement System now owns 56,300 shares of the company’s stock worth $3,565,000 after purchasing an additional 500 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of Group 1 Automotive by 0.8% during the second quarter. Nordea Investment Management AB now owns 71,800 shares of the company’s stock worth $4,546,000 after purchasing an additional 600 shares in the last quarter. 97.57% of the stock is owned by institutional investors.

Several equities research analysts recently weighed in on the company. KeyCorp reissued a “hold” rating on shares of Group 1 Automotive in a report on Wednesday, October 4th. Buckingham Research lowered Group 1 Automotive from a “buy” rating to a “neutral” rating and set a $86.00 target price for the company. in a report on Monday, November 13th. Zacks Investment Research lowered Group 1 Automotive from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Berenberg Bank began coverage on Group 1 Automotive in a report on Wednesday, October 4th. They set a “hold” rating and a $77.00 target price for the company. Finally, Goldman Sachs Group raised Group 1 Automotive from a “sell” rating to a “neutral” rating and lifted their target price for the company from $56.00 to $67.00 in a report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $79.00.

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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.

Insider Buying and Selling by Quarter for Group 1 Automotive (NYSE:GPI)

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