Group 1 Automotive Inc. (GPI) Director Sells $2,369,150.00 in Stock
Group 1 Automotive Inc. (NYSE:GPI) Director Lincoln Pereira sold 35,000 shares of the stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $67.69, for a total transaction of $2,369,150.00. Following the completion of the transaction, the director now directly owns 67,425 shares in the company, valued at $4,563,998.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Group 1 Automotive Inc. (NYSE:GPI) traded up 0.23% during trading on Wednesday, hitting $68.53. 209,506 shares of the stock were exchanged. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 18.73 and a beta of 1.38. Group 1 Automotive Inc. has a 52 week low of $47.31 and a 52 week high of $83.43. The stock’s 50 day moving average price is $61.62 and its 200 day moving average price is $59.50.
Group 1 Automotive (NYSE:GPI) last posted its earnings results on Thursday, October 20th. The company reported $1.96 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.09 by $0.13. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.89 billion. Group 1 Automotive had a return on equity of 17.77% and a net margin of 0.72%. The business’s revenue was up .8% on a year-over-year basis. During the same period last year, the company posted $1.91 EPS. On average, equities analysts predict that Group 1 Automotive Inc. will post $7.35 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Tuesday, November 29th. Group 1 Automotive’s dividend payout ratio (DPR) is presently 24.02%.
Several research firms have weighed in on GPI. Seaport Global Securities began coverage on shares of Group 1 Automotive in a report on Tuesday, August 9th. They issued a “neutral” rating on the stock. Buckingham Research raised shares of Group 1 Automotive from a “neutral” rating to a “buy” rating in a report on Wednesday, July 20th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $61.00 target price (down from $64.00) on shares of Group 1 Automotive in a report on Saturday, October 8th. Zacks Investment Research raised shares of Group 1 Automotive from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Tuesday, September 27th. Finally, TheStreet raised shares of Group 1 Automotive from a “hold” rating to a “buy” rating in a report on Thursday, September 15th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $64.00.
A number of hedge funds have recently bought and sold shares of the company. NN Investment Partners Holdings N.V. raised its stake in Group 1 Automotive by 3.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 10,350 shares of the company’s stock worth $511,000 after buying an additional 360 shares during the period. BNP Paribas Arbitrage SA raised its stake in Group 1 Automotive by 63.1% in the second quarter. BNP Paribas Arbitrage SA now owns 9,081 shares of the company’s stock worth $448,000 after buying an additional 3,513 shares during the period. Hillcrest Asset Management LLC purchased a new stake in Group 1 Automotive during the first quarter worth $4,727,000. A.R.T. Advisors LLC raised its position in shares of Group 1 Automotive by 229.1% in the first quarter. A.R.T. Advisors LLC now owns 57,028 shares of the company’s stock worth $3,346,000 after buying an additional 39,700 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Group 1 Automotive by 614.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 61,830 shares of the company’s stock worth $3,629,000 after buying an additional 53,170 shares during the last quarter. 98.21% of the stock is currently owned by institutional investors and hedge funds.
About Group 1 Automotive
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.
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