Insider Selling: Group 1 Automotive, Inc. (GPI) CFO Sells $810,000.00 in Stock

Group 1 Automotive, Inc. (NYSE:GPI) CFO John C. Rickel sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $81.00, for a total value of $810,000.00. Following the completion of the transaction, the chief financial officer now owns 123,470 shares in the company, valued at approximately $10,001,070. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Friday, October 27th, John C. Rickel sold 20,000 shares of Group 1 Automotive stock. The shares were sold at an average price of $80.00, for a total value of $1,600,000.00.
  • On Thursday, September 21st, John C. Rickel sold 10,000 shares of Group 1 Automotive stock. The shares were sold at an average price of $66.99, for a total value of $669,900.00.

Shares of Group 1 Automotive, Inc. (GPI) opened at $81.08 on Monday. The company has a current ratio of 1.05, a quick ratio of 0.27 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $1,691.25, a P/E ratio of 11.00, a P/E/G ratio of 1.56 and a beta of 1.69. Group 1 Automotive, Inc. has a 52-week low of $51.62 and a 52-week high of $84.47.

Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings results on Thursday, October 26th. The company reported $2.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.76 by $0.47. The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.80 billion. Group 1 Automotive had a return on equity of 15.69% and a net margin of 1.20%. Group 1 Automotive’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the business posted $1.96 earnings per share. research analysts anticipate that Group 1 Automotive, Inc. will post 7.41 EPS for the current fiscal year.

The firm also recently declared 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.23%. This is an increase from Group 1 Automotive’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, November 30th. Group 1 Automotive’s dividend payout ratio (DPR) is presently 15.90%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. increased its position in shares of Group 1 Automotive by 17.8% during the second quarter. Victory Capital Management Inc. now owns 1,797 shares of the company’s stock valued at $114,000 after acquiring an additional 271 shares during the last quarter. Riverhead Capital Management LLC increased its position in shares of Group 1 Automotive by 93.2% during the second quarter. Riverhead Capital Management LLC now owns 1,932 shares of the company’s stock valued at $122,000 after acquiring an additional 932 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Group 1 Automotive during the second quarter valued at approximately $177,000. Quantitative Systematic Strategies LLC purchased a new stake in Group 1 Automotive in the third quarter worth $215,000. Finally, Eqis Capital Management Inc. purchased a new stake in Group 1 Automotive in the third quarter worth $232,000. 97.58% of the stock is owned by institutional investors.

A number of research analysts have recently weighed in on GPI shares. Zacks Investment Research upgraded Group 1 Automotive from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Wells Fargo & Company raised 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. TheStreet lowered Group 1 Automotive from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. Stephens restated an “equal weight” rating and issued a $87.00 target price (up previously from $83.00) on shares of Group 1 Automotive in a report on Wednesday, October 4th. Finally, Goldman Sachs Group upgraded Group 1 Automotive from a “sell” rating to a “neutral” rating and raised their target price for the company from $56.00 to $67.00 in a report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $79.00.

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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.

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

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