Group 1 Automotive, Inc. (NYSE:GPI) issued its earnings results on Thursday, October 26th. The company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.47, Bloomberg Earnings reports. The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.80 billion. Group 1 Automotive had a net margin of 1.20% and a return on equity of 15.69%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.96 earnings per share.
Group 1 Automotive (NYSE:GPI) traded up $1.74 during trading hours on Friday, reaching $79.63. 447,800 shares of the company’s stock were exchanged, compared to its average volume of 262,417. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.27 and a current ratio of 1.05. The stock has a market capitalization of $1,624.71, a P/E ratio of 10.57, a P/E/G ratio of 1.52 and a beta of 1.69. Group 1 Automotive has a 12 month low of $51.62 and a 12 month high of $83.18.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.00 dividend on an annualized basis and a yield of 1.26%. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.24. Group 1 Automotive’s dividend payout ratio (DPR) is 15.26%.
In other Group 1 Automotive news, VP Darryl M. Burman sold 10,000 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $79.74, for a total transaction of $797,400.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Peter C. Delongchamps sold 884 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $81.10, for a total transaction of $71,692.40. Following the transaction, the vice president now directly owns 40,812 shares in the company, valued at approximately $3,309,853.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,694 shares of company stock worth $5,189,106. 6.08% of the stock is currently owned by insiders.
GPI has been the topic of several research reports. ValuEngine lowered shares of Group 1 Automotive from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. TheStreet lowered shares of Group 1 Automotive from a “b-” rating to a “c+” rating in a research report on Thursday, August 17th. Stephens reiterated an “equal weight” rating and issued a $87.00 price target (up from $83.00) on shares of Group 1 Automotive in a research report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Group 1 Automotive from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, KeyCorp restated a “hold” rating on shares of Group 1 Automotive in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $77.60.
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Group 1 Automotive Company Profile
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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