Group 1 Automotive (NYSE:GPI) was downgraded by TheStreet from a “b-” rating to a “c+” rating in a note issued to investors on Thursday.

A number of other equities research analysts also recently issued reports on GPI. Zacks Investment Research raised Group 1 Automotive from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a research report on Wednesday, June 20th. ValuEngine downgraded Group 1 Automotive from a “hold” rating to a “sell” rating in a research report on Friday, June 29th. Morgan Stanley downgraded Group 1 Automotive to a “sell” rating in a research report on Tuesday, July 10th. Finally, Stephens reissued a “hold” rating and set a $95.00 price target on shares of Group 1 Automotive in a research report on Friday, July 27th. Two 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. The company presently has a consensus rating of “Hold” and an average price target of $84.33.

NYSE:GPI traded up $0.07 during trading hours on Thursday, reaching $53.43. 223,761 shares of the company were exchanged, compared to its average volume of 367,760. The company has a market capitalization of $1.06 billion, a P/E ratio of 6.91, a P/E/G 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. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.07 and a quick ratio of 0.26.

Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings results on Thursday, July 26th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.14 by $0.31. The business had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.92 billion. Group 1 Automotive had a return on equity of 15.73% and a net margin of 1.97%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.87 earnings per share. On average, sell-side analysts anticipate that Group 1 Automotive will post 8.87 EPS for the current fiscal year.

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

Several hedge funds have recently modified their holdings of GPI. Tyvor Capital LLC acquired a new stake in shares of Group 1 Automotive in the 2nd quarter valued at $7,860,000. Canada Pension Plan Investment Board acquired a new stake in shares of Group 1 Automotive in the 2nd quarter valued at $3,081,000. Foundry Partners LLC boosted its holdings in shares of Group 1 Automotive by 122.0% in the 2nd quarter. Foundry Partners LLC now owns 78,971 shares of the company’s stock valued at $4,975,000 after purchasing an additional 43,395 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Group 1 Automotive by 590.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 48,349 shares of the company’s stock valued at $3,046,000 after purchasing an additional 41,349 shares in the last quarter. Finally, Towle & Co. boosted its holdings in shares of Group 1 Automotive by 9.1% in the 2nd quarter. Towle & Co. now owns 387,099 shares of the company’s stock valued at $24,387,000 after purchasing an additional 32,330 shares in the last quarter. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Group 1 Automotive Company Profile

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.

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Analyst Recommendations for Group 1 Automotive (NYSE:GPI)

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