Group 1 Automotive (NYSE:GPI) had its price objective boosted by Bank of America from $103.00 to $105.00 in a research note published on Friday morning. The brokerage currently has a buy rating on the stock.

Several other analysts also recently weighed in on the company. Zacks Investment Research raised Group 1 Automotive from a sell rating to a hold rating in a report on Thursday, October 26th. Wells Fargo & Co boosted their target price on Group 1 Automotive from $65.00 to $85.00 and gave the company a market perform rating in a report on Monday, October 30th. Finally, Buckingham Research raised Group 1 Automotive from a neutral rating to a buy rating and set a $89.00 target price for the company in a report on Friday, January 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $86.00.

Group 1 Automotive (GPI) opened at $77.83 on Friday. The stock has a market capitalization of $1,610.00, a PE ratio of 7.94, a PEG ratio of 1.34 and a beta of 1.70. Group 1 Automotive has a 1 year low of $51.62 and a 1 year high of $84.47. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 0.79.

Group 1 Automotive (NYSE:GPI) last released its quarterly earnings data on Thursday, February 8th. The company reported $2.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.24. The business had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Group 1 Automotive had a return on equity of 15.85% and a net margin of 1.89%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.74 EPS. equities research analysts predict that Group 1 Automotive will post 8.21 earnings per share for the current year.

In other Group 1 Automotive news, CEO Earl J. Hesterberg sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $79.39, for a total transaction of $3,175,600.00. Following the completion of the sale, the chief executive officer now directly owns 108,440 shares of the company’s stock, valued at approximately $8,609,051.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Earl J. Hesterberg sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $72.15, for a total value of $288,600.00. Following the sale, the chief executive officer now directly owns 139,065 shares of the company’s stock, valued at $10,033,539.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 167,398 shares of company stock valued at $12,974,458. 6.08% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Teachers Advisors LLC raised its stake in Group 1 Automotive by 1.3% during the 2nd quarter. Teachers Advisors LLC now owns 37,238 shares of the company’s stock valued at $2,358,000 after acquiring an additional 489 shares during the last quarter. California Public Employees Retirement System raised its stake in Group 1 Automotive by 0.9% during the 2nd quarter. California Public Employees Retirement System now owns 56,300 shares of the company’s stock valued at $3,565,000 after acquiring an additional 500 shares during the last quarter. Chicago Equity Partners LLC raised its stake in Group 1 Automotive by 8.5% during the 3rd quarter. Chicago Equity Partners LLC now owns 8,340 shares of the company’s stock valued at $604,000 after acquiring an additional 650 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Group 1 Automotive by 7.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 10,163 shares of the company’s stock valued at $735,000 after acquiring an additional 717 shares during the last quarter. Finally, American International Group Inc. raised its stake in Group 1 Automotive by 5.5% during the 3rd quarter. American International Group Inc. now owns 16,088 shares of the company’s stock valued at $1,166,000 after acquiring an additional 839 shares during the last quarter. 97.57% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Group 1 Automotive (GPI) Given New $105.00 Price Target at Bank of America” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://www.thecerbatgem.com/2018/02/13/group-1-automotive-gpi-given-new-105-00-price-target-at-bank-of-america.html.

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.

Analyst Recommendations for Group 1 Automotive (NYSE:GPI)

Receive News & Ratings for Group 1 Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Group 1 Automotive and related companies with MarketBeat.com's FREE daily email newsletter.