Group 1 Automotive, Inc. (NYSE:GPI)‘s stock had its “hold” rating reiterated by investment analysts at KeyCorp in a report issued on Wednesday.

A number of other equities analysts have also recently issued reports on GPI. Berenberg Bank started coverage on Group 1 Automotive in a report on Wednesday. They set a “hold” rating and a $77.00 price target on the stock. TheStreet downgraded shares of Group 1 Automotive from a “b-” rating to a “c+” rating in a research report on Thursday, August 17th. BidaskClub lowered shares of Group 1 Automotive from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Zacks Investment Research lowered shares of Group 1 Automotive from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Group 1 Automotive from a “sell” rating to a “neutral” rating and boosted their target price for the company from $56.00 to $67.00 in a research report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $71.80.

Group 1 Automotive (GPI) traded down 0.88% on Wednesday, hitting $73.31. 71,013 shares of the stock traded hands. Group 1 Automotive has a 1-year low of $51.62 and a 1-year high of $83.18. The stock has a 50-day moving average price of $63.04 and a 200 day moving average price of $63.77. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 11.27 and a beta of 1.63.

Group 1 Automotive (NYSE:GPI) last released its earnings results on Thursday, July 27th. The company reported $1.87 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.12). Group 1 Automotive had a return on equity of 15.73% and a net margin of 1.26%. The business had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the prior year, the business earned $2.16 EPS. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, analysts anticipate that Group 1 Automotive will post $7.07 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Group 1 Automotive, Inc. (GPI) Rating Reiterated by KeyCorp” was reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://www.watchlistnews.com/group-1-automotive-inc-gpi-rating-reiterated-by-keycorp/1607437.html.

In other news, CFO John C. Rickel sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $66.99, for a total transaction of $669,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 7.00% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Nationwide Fund Advisors grew its position in Group 1 Automotive by 40.1% in the 1st quarter. Nationwide Fund Advisors now owns 22,515 shares of the company’s stock valued at $1,668,000 after purchasing an additional 6,449 shares during the period. Russell Investments Group Ltd. increased its stake in Group 1 Automotive by 854.4% during the 1st quarter. Russell Investments Group Ltd. now owns 17,761 shares of the company’s stock valued at $1,315,000 after purchasing an additional 15,900 shares in the last quarter. US Bancorp DE increased its stake in Group 1 Automotive by 7.4% during the 1st quarter. US Bancorp DE now owns 4,695 shares of the company’s stock valued at $348,000 after purchasing an additional 325 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Group 1 Automotive by 6.1% during the 1st quarter. Bank of New York Mellon Corp now owns 333,199 shares of the company’s stock valued at $24,683,000 after purchasing an additional 19,279 shares in the last quarter. Finally, Comerica Bank increased its stake in Group 1 Automotive by 4.3% during the 1st quarter. Comerica Bank now owns 22,303 shares of the company’s stock valued at $1,671,000 after purchasing an additional 928 shares in the last quarter. Institutional investors own 97.67% of the company’s stock.

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.

Analyst Recommendations for Group 1 Automotive (NYSE:GPI)

Receive News & Ratings for Group 1 Automotive Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Group 1 Automotive Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.