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StockNews.com Lowers Group 1 Automotive (NYSE:GPI) to Hold

StockNews.com Lowers Group 1 Automotive (NYSE:GPI) to Hold

by admin
September 26, 2023
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Group 1 Automotive logoGroup 1 Automotive (NYSE:GPI – Get Free Report) was downgraded by funding analysts at StockNews.com from a “purchase” score to a “maintain” score in a be aware issued to traders on Monday.

Different equities analysis analysts have additionally issued analysis reviews concerning the inventory. JPMorgan Chase & Co. upped their goal worth on shares of Group 1 Automotive from $275.00 to $280.00 and gave the inventory an “chubby” score in a report on Monday, July thirty first. Financial institution of America upped their goal worth on shares of Group 1 Automotive from $430.00 to $445.00 in a report on Thursday, July sixth. Benchmark upped their goal worth on shares of Group 1 Automotive from $300.00 to $340.00 in a report on Monday, July thirty first. Morgan Stanley upped their goal worth on shares of Group 1 Automotive from $134.00 to $200.00 and gave the inventory an “underweight” score in a report on Wednesday, August ninth. Lastly, Stephens upped their goal worth on shares of Group 1 Automotive from $295.00 to $350.00 in a report on Wednesday, July nineteenth.

View Our Newest Inventory Evaluation on Group 1 Automotive

Group 1 Automotive Worth Efficiency

Need Extra Nice Investing Concepts?

Shares of GPI inventory traded up $1.04 throughout mid-day buying and selling on Monday, reaching $259.11. The corporate’s inventory had a buying and selling quantity of 110,210 shares, in comparison with its common quantity of 158,622. Group 1 Automotive has a 1-year low of $136.16 and a 1-year excessive of $277.47. The corporate has a market cap of $3.64 billion, a P/E ratio of 5.59, a PEG ratio of 1.91 and a beta of 1.45. The corporate has a debt-to-equity ratio of 0.86, a fast ratio of 0.30 and a present ratio of 1.11. The agency’s 50-day shifting common is $262.17 and its two-hundred day shifting common is $241.29.

Group 1 Automotive (NYSE:GPI – Get Free Report) final introduced its quarterly earnings knowledge on Wednesday, July twenty sixth. The corporate reported $11.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.08 by $0.65. Group 1 Automotive had a internet margin of three.98% and a return on fairness of 28.33%. The corporate had income of $4.56 billion throughout the quarter, in comparison with analysts’ expectations of $4.36 billion. Throughout the identical quarter within the prior 12 months, the corporate posted $12.00 EPS. The enterprise’s income was up 11.2% on a year-over-year foundation. On common, analysis analysts predict that Group 1 Automotive will submit 43.8 earnings per share for the present 12 months.

Insiders Place Their Bets

In different Group 1 Automotive information, VP Michael David Jones offered 850 shares of the inventory in a transaction dated Wednesday, August ninth. The shares have been offered at a mean worth of $257.68, for a complete transaction of $219,028.00. Following the sale, the vice chairman now owns 12,040 shares of the corporate’s inventory, valued at roughly $3,102,467.20. The sale was disclosed in a authorized submitting with the SEC, which might be accessed by way of this hyperlink. In different information, CFO Daniel James Mchenry offered 2,259 shares of the agency’s inventory in a transaction dated Monday, September 18th. The shares have been offered at a mean worth of $264.96, for a complete worth of $598,544.64. Following the transaction, the chief monetary officer now owns 19,355 shares of the corporate’s inventory, valued at roughly $5,128,300.80. The sale was disclosed in a authorized submitting with the Securities & Alternate Fee, which might be accessed by way of the SEC web site. Additionally, VP Michael David Jones offered 850 shares of the agency’s inventory in a transaction dated Wednesday, August ninth. The shares have been offered at a mean worth of $257.68, for a complete transaction of $219,028.00. Following the completion of the transaction, the vice chairman now straight owns 12,040 shares within the firm, valued at roughly $3,102,467.20. The disclosure for this sale might be discovered right here. Insiders have offered a complete of 12,609 shares of firm inventory valued at $3,310,468 within the final 90 days. 3.50% of the inventory is at present owned by insiders.

Institutional Buying and selling of Group 1 Automotive

Quite a few hedge funds have lately modified their holdings of GPI. Citigroup Inc. raised its place in shares of Group 1 Automotive by 11.2% within the 1st quarter. Citigroup Inc. now owns 27,395 shares of the corporate’s inventory valued at $4,597,000 after buying an extra 2,755 shares throughout the interval. MetLife Funding Administration LLC raised its holdings in Group 1 Automotive by 55.6% throughout the 1st quarter. MetLife Funding Administration LLC now owns 9,110 shares of the corporate’s inventory price $1,529,000 after shopping for an extra 3,257 shares throughout the interval. Commonwealth of Pennsylvania Public College Empls Retrmt SYS raised its holdings in Group 1 Automotive by 8.4% throughout the 1st quarter. Commonwealth of Pennsylvania Public College Empls Retrmt SYS now owns 14,828 shares of the corporate’s inventory price $2,489,000 after shopping for an extra 1,147 shares throughout the interval. Aviva PLC acquired a brand new stake in Group 1 Automotive throughout the 1st quarter price roughly $727,000. Lastly, Cetera Funding Advisers acquired a brand new stake in Group 1 Automotive throughout the 1st quarter price roughly $202,000. 99.92% of the inventory is at present owned by institutional traders and hedge funds.

Group 1 Automotive Firm Profile

(Get Free Report)

Group 1 Automotive, Inc, by way of its subsidiaries, operates within the automotive retail business in the US and the UK. The corporate sells new and used automobiles, mild vehicles, and automobile components, in addition to service and insurance coverage contracts; arranges associated automobile financing; and gives automotive upkeep and restore companies.

Learn Extra

Obtain Information & Rankings for Group 1 Automotive Every day – Enter your e-mail handle under to obtain a concise day by day abstract of the most recent information and analysts’ scores for Group 1 Automotive and associated firms with MarketBeat.com’s FREE day by day e-mail publication.



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