Group 1 Automotive, Inc. (NYSE:GPI) Receives $84.60 Consensus Target Price from Brokerages

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Group 1 Automotive, Inc. (NYSE:GPI) has been given a consensus rating of “Buy” by the eight brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $84.60.

Several research analysts recently commented on GPI shares. ValuEngine cut Group 1 Automotive from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Morgan Stanley boosted their price target on Group 1 Automotive from $95.00 to $104.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Buckingham Research set a $87.00 price target on Group 1 Automotive and gave the stock a “hold” rating in a research note on Tuesday, September 24th.

Shares of NYSE:GPI traded down $1.20 during trading on Monday, hitting $87.70. The company’s stock had a trading volume of 118,400 shares, compared to its average volume of 172,673. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.24 and a current ratio of 1.01. Group 1 Automotive has a fifty-two week low of $48.69 and a fifty-two week high of $94.27. The stock’s 50-day moving average price is $83.65 and its two-hundred day moving average price is $78.84. The company has a market capitalization of $1.60 billion, a PE ratio of 9.84, a PEG ratio of 1.41 and a beta of 1.79.

Group 1 Automotive (NYSE:GPI) last released its quarterly earnings results on Thursday, July 25th. The company reported $2.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.74 by $0.09. Group 1 Automotive had a return on equity of 15.90% and a net margin of 1.31%. The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.92 billion. During the same quarter in the previous year, the firm posted $2.45 earnings per share. The company’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts predict that Group 1 Automotive will post 10.28 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a $0.28 dividend. This is a boost from Group 1 Automotive’s previous quarterly dividend of $0.26. The ex-dividend date was Friday, August 30th. This represents a $1.12 annualized dividend and a dividend yield of 1.28%. Group 1 Automotive’s payout ratio is 12.57%.

In related news, CFO John C. Rickel sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $88.22, for a total value of $882,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Daryl Kenningham sold 9,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $87.05, for a total value of $783,450.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,559 shares of company stock worth $4,257,447. Insiders own 6.00% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue increased its holdings in Group 1 Automotive by 2.0% in the second quarter. State of Alaska Department of Revenue now owns 5,987 shares of the company’s stock valued at $490,000 after buying an additional 118 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in Group 1 Automotive by 2.3% in the second quarter. Crossmark Global Holdings Inc. now owns 8,721 shares of the company’s stock valued at $714,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System increased its holdings in Group 1 Automotive by 1.5% in the second quarter. Arizona State Retirement System now owns 27,289 shares of the company’s stock valued at $2,235,000 after buying an additional 412 shares during the last quarter. Moon Capital Management LLC increased its holdings in Group 1 Automotive by 1.8% in the second quarter. Moon Capital Management LLC now owns 31,295 shares of the company’s stock valued at $2,563,000 after buying an additional 565 shares during the last quarter. Finally, Krane Funds Advisors LLC bought a new stake in Group 1 Automotive in the second quarter valued at about $62,000.

Group 1 Automotive Company Profile

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks, and vehicle parts, as well as service insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. It has operations primarily in the metropolitan areas in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 32 towns in the United Kingdom; and metropolitan markets in the states of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.

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Analyst Recommendations for Group 1 Automotive (NYSE:GPI)

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