Brokerages Anticipate Group 1 Automotive, Inc. (NYSE:GPI) Will Announce Quarterly Sales of $3.07 Billion

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Equities research analysts expect Group 1 Automotive, Inc. (NYSE:GPI) to post sales of $3.07 billion for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Group 1 Automotive’s earnings, with estimates ranging from $3.06 billion to $3.07 billion. Group 1 Automotive reported sales of $2.91 billion during the same quarter last year, which indicates a positive year over year growth rate of 5.5%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, February 4th.

On average, analysts expect that Group 1 Automotive will report full year sales of $11.99 billion for the current year, with estimates ranging from $11.98 billion to $12.00 billion. For the next financial year, analysts expect that the firm will report sales of $12.22 billion, with estimates ranging from $12.08 billion to $12.30 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Group 1 Automotive.

Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings results on Thursday, October 24th. The company reported $3.02 EPS for the quarter, beating analysts’ consensus estimates of $2.72 by $0.30. Group 1 Automotive had a net margin of 1.31% and a return on equity of 16.48%. The business had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same period last year, the business earned $2.47 earnings per share. The business’s quarterly revenue was up 7.9% on a year-over-year basis.

A number of brokerages have commented on GPI. Buckingham Research set a $102.00 price target on shares of Group 1 Automotive and gave the company a “hold” rating in a research report on Friday, October 25th. ValuEngine cut shares of Group 1 Automotive from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. set a $107.00 price target on shares of Group 1 Automotive and gave the company a “buy” rating in a research report on Friday, October 25th. Morgan Stanley increased their price target on shares of Group 1 Automotive from $105.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, Stephens set a $110.00 target price on shares of Group 1 Automotive and gave the stock a “buy” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $105.33.

In other news, CFO John C. Rickel sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $88.22, for a total value of $882,200.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Darryl M. Burman sold 14,650 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $103.81, for a total transaction of $1,520,816.50. Following the completion of the transaction, the vice president now owns 41,737 shares in the company, valued at approximately $4,332,717.97. The disclosure for this sale can be found here. Insiders sold 114,207 shares of company stock worth $11,493,117 in the last 90 days. Company insiders own 6.00% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC bought a new position in shares of Group 1 Automotive in the third quarter worth approximately $34,000. Krane Funds Advisors LLC purchased a new stake in Group 1 Automotive in the second quarter worth $62,000. Point72 Asset Management L.P. purchased a new stake in Group 1 Automotive in the third quarter worth $74,000. Point72 Hong Kong Ltd purchased a new stake in Group 1 Automotive in the second quarter worth $78,000. Finally, Penserra Capital Management LLC purchased a new stake in Group 1 Automotive in the third quarter worth $137,000.

NYSE GPI traded down $3.60 on Monday, reaching $105.65. 101,785 shares of the company’s stock traded hands, compared to its average volume of 156,145. Group 1 Automotive has a 12 month low of $48.69 and a 12 month high of $110.11. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.25. The stock has a 50-day simple moving average of $102.29 and a 200 day simple moving average of $86.93. The stock has a market cap of $1.96 billion, a PE ratio of 11.86, a P/E/G ratio of 1.36 and a beta of 1.76.

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 $0.29 dividend. This is a boost from Group 1 Automotive’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, November 29th. This represents a $1.16 annualized dividend and a dividend yield of 1.10%. Group 1 Automotive’s dividend payout ratio (DPR) is currently 13.02%.

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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