Analysts Anticipate Group 1 Automotive, Inc. (GPI) Will Announce Earnings of $2.25 Per Share

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Equities research analysts expect that Group 1 Automotive, Inc. (NYSE:GPI) will report $2.25 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Group 1 Automotive’s earnings. Group 1 Automotive reported earnings of $2.11 per share in the same quarter last year, which indicates a positive year over year growth rate of 6.6%. The business is expected to report its next earnings report on Thursday, February 14th.

According to Zacks, analysts expect that Group 1 Automotive will report full year earnings of $8.88 per share for the current financial year, with EPS estimates ranging from $8.85 to $8.90. For the next year, analysts forecast that the business will report earnings of $8.87 per share, with EPS estimates ranging from $7.82 to $9.77. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Group 1 Automotive.

Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings data on Thursday, October 25th. The company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.39 by $0.08. Group 1 Automotive had a return on equity of 15.48% and a net margin of 2.05%. The company had revenue of $2.89 billion during the quarter.

A number of analysts have weighed in on GPI shares. Zacks Investment Research raised Group 1 Automotive from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Friday, October 5th. Buckingham Research raised Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $70.00 price target for the company in a report on Monday, October 29th. They noted that the move was a valuation call. TheStreet cut Group 1 Automotive from a “b-” rating to a “c+” rating in a report on Thursday, October 18th. Morgan Stanley raised Group 1 Automotive from an “underweight” rating to an “equal weight” rating and set a $61.00 price target for the company in a report on Wednesday. Finally, ValuEngine raised Group 1 Automotive from a “sell” rating to a “hold” rating in a report on Monday, July 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Group 1 Automotive presently has an average rating of “Hold” and a consensus target price of $79.80.

Group 1 Automotive stock traded down $1.16 during mid-day trading on Tuesday, reaching $55.29. 1,745 shares of the company were exchanged, compared to its average volume of 368,625. Group 1 Automotive has a twelve month low of $52.41 and a twelve month high of $84.47. The company has a current ratio of 1.03, a quick ratio of 0.24 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 7.15, a PEG ratio of 3.93 and a beta of 2.07.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.88%. Group 1 Automotive’s dividend payout ratio is currently 13.45%.

Group 1 Automotive announced that its board has approved a stock repurchase plan on Thursday, October 25th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to repurchase up to 9.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

In related news, VP Darryl M. Burman sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $79.82, for a total value of $119,730.00. Following the completion of the transaction, the vice president now directly owns 62,978 shares of the company’s stock, valued at approximately $5,026,903.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lincoln Pereira sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $79.45, for a total value of $1,986,250.00. Following the completion of the transaction, the director now directly owns 67,425 shares of the company’s stock, valued at $5,356,916.25. The disclosure for this sale can be found here. 4.95% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in Group 1 Automotive in the 3rd quarter valued at approximately $109,000. BlueMountain Capital Management LLC purchased a new position in Group 1 Automotive in the 2nd quarter valued at approximately $119,000. Tower Research Capital LLC TRC purchased a new position in Group 1 Automotive in the 2nd quarter valued at approximately $135,000. Balter Liquid Alternatives LLC purchased a new position in Group 1 Automotive in the 2nd quarter valued at approximately $145,000. Finally, Flinton Capital Management LLC increased its position in Group 1 Automotive by 74.4% during the second quarter. Flinton Capital Management LLC now owns 2,400 shares of the company’s stock worth $151,000 after buying an additional 1,024 shares in the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.

About Group 1 Automotive

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. It sells new and used cars, light trucks, and vehicle parts; arranges vehicle financing; sells service and insurance contracts; and provides automotive maintenance and repair services. The company has operations primarily in the metropolitan areas of Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 28 towns in the United Kingdom; and in the metropolitan markets of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.

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