Insider Selling: Group 1 Automotive, Inc. (NYSE:GPI) CFO Sells 15,000 Shares of Stock

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Group 1 Automotive, Inc. (NYSE:GPI) CFO John C. Rickel sold 15,000 shares of Group 1 Automotive stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $100.96, for a total transaction of $1,514,400.00. Following the sale, the chief financial officer now owns 90,472 shares of the company’s stock, valued at $9,134,053.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

John C. Rickel also recently made the following trade(s):

  • On Tuesday, September 24th, John C. Rickel sold 10,000 shares of Group 1 Automotive stock. The shares were sold at an average price of $88.22, for a total transaction of $882,200.00.

Shares of NYSE:GPI traded down $0.59 during trading on Monday, hitting $103.04. 1,111 shares of the stock traded hands, compared to its average volume of 159,153. The company has a quick ratio of 0.25, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 11.52, a P/E/G ratio of 1.32 and a beta of 1.76. The company has a fifty day moving average price of $100.50 and a two-hundred day moving average price of $85.92. Group 1 Automotive, Inc. has a 52-week low of $48.69 and a 52-week high of $108.99.

Group 1 Automotive (NYSE:GPI) last posted its earnings results on Thursday, October 24th. The company reported $3.02 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.30. The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $2.95 billion. Group 1 Automotive had a net margin of 1.31% and a return on equity of 16.48%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.47 EPS. On average, equities research analysts predict that Group 1 Automotive, Inc. will post 10.6 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.13%. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, November 29th. Group 1 Automotive’s payout ratio is 13.02%.

Several analysts have commented on GPI shares. Buckingham Research set a $102.00 price objective on shares of Group 1 Automotive and gave the company a “hold” rating in a research note on Friday, October 25th. Stephens set a $110.00 price objective on shares of Group 1 Automotive and gave the company a “buy” rating in a research note on Friday, October 25th. ValuEngine cut shares of Group 1 Automotive from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. set a $107.00 price objective on shares of Group 1 Automotive and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Zacks Investment Research raised shares of Group 1 Automotive from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. Group 1 Automotive presently has a consensus rating of “Buy” and a consensus price target of $105.33.

Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new position in shares of Group 1 Automotive during the 3rd quarter valued at approximately $34,000. Krane Funds Advisors LLC purchased a new stake in Group 1 Automotive in the 2nd quarter worth $62,000. Point72 Asset Management L.P. purchased a new stake in Group 1 Automotive in the 3rd quarter worth $74,000. Point72 Hong Kong Ltd purchased a new stake in Group 1 Automotive in the 2nd quarter worth $78,000. Finally, Penserra Capital Management LLC purchased a new stake in Group 1 Automotive in the 3rd quarter worth $137,000.

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

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