Group 1 Automotive, Inc. (NYSE:GPI) CEO Earl J. Hesterberg sold 28,519 shares of the stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $80.06, for a total value of $2,283,231.14. Following the sale, the chief executive officer now directly owns 108,440 shares in the company, valued at approximately $8,681,706.40. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of Group 1 Automotive, Inc. (GPI) opened at $78.06 on Friday. Group 1 Automotive, Inc. has a 52-week low of $51.62 and a 52-week high of $84.47. 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 company has a market capitalization of $1,630.00, a PE ratio of 12.33, a price-to-earnings-growth ratio of 1.39 and a beta of 1.69.

Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings results on Thursday, October 26th. The company reported $2.23 EPS for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.47. Group 1 Automotive had a return on equity of 15.69% and a net margin of 1.20%. The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter in the previous year, the firm posted $1.96 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year. equities analysts forecast that Group 1 Automotive, Inc. will post 7.53 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Quantitative Systematic Strategies LLC acquired a new stake in Group 1 Automotive during the 3rd quarter worth about $215,000. First Trust Advisors LP lifted its position in Group 1 Automotive by 42.9% during the 3rd quarter. First Trust Advisors LP now owns 32,158 shares of the company’s stock worth $2,330,000 after acquiring an additional 9,647 shares during the period. FCA Corp TX acquired a new stake in Group 1 Automotive during the 3rd quarter worth about $290,000. Davidson Kempner Capital Management LP acquired a new stake in Group 1 Automotive during the 3rd quarter worth about $13,115,000. Finally, Nordea Investment Management AB lifted its position in Group 1 Automotive by 2.8% during the 3rd quarter. Nordea Investment Management AB now owns 73,800 shares of the company’s stock worth $5,348,000 after acquiring an additional 2,000 shares during the period.

GPI has been the subject of a number of recent analyst reports. Buckingham Research raised Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $89.00 price objective for the company in a research report on Friday, January 5th. Stephens reissued an “equal weight” rating and issued a $87.00 price objective (up previously from $83.00) on shares of Group 1 Automotive in a research report on Wednesday, October 4th. KeyCorp reissued a “hold” rating on shares of Group 1 Automotive in a research report on Wednesday, October 4th. Berenberg Bank initiated coverage on Group 1 Automotive in a research report on Wednesday, October 4th. They issued a “hold” rating and a $77.00 price objective for the company. Finally, Zacks Investment Research raised Group 1 Automotive from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Group 1 Automotive currently has an average rating of “Hold” and an average price target of $79.50.

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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.

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

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