Group 1 Automotive (GPI) Given Coverage Optimism Rating of 0.08

News headlines about Group 1 Automotive (NYSE:GPI) have trended somewhat positive on Monday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Group 1 Automotive earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.5784262598112 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news stories that may have impacted Accern’s rankings:

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Shares of Group 1 Automotive (GPI) opened at $64.06 on Monday. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 1.17. The stock has a market cap of $1,339.59, a P/E ratio of 6.33, a PEG ratio of 0.99 and a beta of 1.75. Group 1 Automotive has a 52-week low of $51.62 and a 52-week high of $84.47.

Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings results on Thursday, February 8th. The company reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.24. The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.85 billion. Group 1 Automotive had a net margin of 1.89% and a return on equity of 15.85%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.74 earnings per share. research analysts anticipate that Group 1 Automotive will post 9.2 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.62%. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, February 28th. Group 1 Automotive’s dividend payout ratio is 10.28%.

GPI has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Group 1 Automotive from a “hold” rating to a “strong-buy” rating and set a $92.00 target price for the company in a report on Wednesday, January 31st. Stephens reiterated a “hold” rating and issued a $86.00 target price on shares of Group 1 Automotive in a report on Wednesday, March 21st. Buckingham Research upgraded shares of Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $89.00 target price for the company in a report on Friday, January 5th. Bank of America raised their target price on shares of Group 1 Automotive from $103.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, Morgan Stanley raised their target price on shares of Group 1 Automotive from $53.00 to $62.00 and gave the stock an “underweight” rating in a report on Wednesday, March 14th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $82.88.

In other news, CEO Earl J. Hesterberg sold 2,000 shares of the stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $72.38, for a total value of $144,760.00. Following the completion of the sale, the chief executive officer now directly owns 139,065 shares of the company’s stock, valued at $10,065,524.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Earl J. Hesterberg sold 4,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $72.15, for a total transaction 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 $10,033,539.75. The disclosure for this sale can be found here. Insiders sold 141,758 shares of company stock valued at $10,971,066 over the last three months. 6.08% of the stock is owned by insiders.

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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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