Group 1 Automotive (GPI) Downgraded by TheStreet

TheStreet lowered shares of Group 1 Automotive (NYSE:GPI) from a b- rating to a c+ rating in a report released on Thursday.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Group 1 Automotive from a hold rating to a buy rating and set a $81.00 price objective for the company in a research report on Wednesday, June 20th. ValuEngine cut shares of Group 1 Automotive from a hold rating to a sell rating in a research report on Saturday, September 22nd. Morgan Stanley upped their price objective on shares of Group 1 Automotive from $59.00 to $64.00 and gave the company a sell rating in a research report on Wednesday, August 15th. Finally, Stephens reissued a hold rating and issued a $95.00 price objective on shares of Group 1 Automotive in a research report on Friday, July 27th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Group 1 Automotive has a consensus rating of Hold and an average target price of $84.33.

NYSE:GPI opened at $53.43 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.07 and a quick ratio of 0.26. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 6.91, a PEG ratio of 3.67 and a beta of 1.95. Group 1 Automotive has a 1-year low of $53.03 and a 1-year high of $84.47.

Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings data on Thursday, July 26th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.31. The company had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.92 billion. Group 1 Automotive had a net margin of 1.97% and a return on equity of 15.73%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.87 EPS. As a group, sell-side analysts expect that Group 1 Automotive will post 8.87 earnings per share for the current fiscal year.

In other news, insider Daryl Kenningham sold 2,700 shares of the company’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $77.75, for a total value of $209,925.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lincoln Pereira sold 25,000 shares of the company’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $79.45, for a total transaction of $1,986,250.00. Following the completion of the sale, the director now owns 67,425 shares in the company, valued at approximately $5,356,916.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,200 shares of company stock worth $3,012,805. Company insiders own 4.95% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC raised its stake in shares of Group 1 Automotive by 2,902.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 22,580 shares of the company’s stock valued at $1,423,000 after purchasing an additional 21,828 shares in the last quarter. James Investment Research Inc. raised its stake in shares of Group 1 Automotive by 7.0% in the 2nd quarter. James Investment Research Inc. now owns 42,790 shares of the company’s stock valued at $2,696,000 after purchasing an additional 2,795 shares in the last quarter. Smith Graham & Co. Investment Advisors LP raised its stake in shares of Group 1 Automotive by 10.0% in the 2nd quarter. Smith Graham & Co. Investment Advisors LP now owns 137,638 shares of the company’s stock valued at $8,671,000 after purchasing an additional 12,480 shares in the last quarter. Martingale Asset Management L P acquired a new stake in shares of Group 1 Automotive in the 2nd quarter valued at about $246,000. Finally, Meadow Creek Investment Management LLC raised its stake in shares of Group 1 Automotive by 74.4% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 3,300 shares of the company’s stock valued at $208,000 after purchasing an additional 1,408 shares in the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

About Group 1 Automotive

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. It sells new and used cars, light trucks, and vehicle parts; arranges vehicle financing; sells service and insurance contracts; and provides automotive maintenance and repair services. The company has operations primarily in the metropolitan areas of Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 28 towns in the United Kingdom; and in the metropolitan markets of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.

Further Reading: What is a Leveraged Buyout (LBO)?

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.


Leave a Reply