Group 1 Automotive (NYSE:GPI) Hits New 12-Month High at $183.09

Group 1 Automotive, Inc. (NYSE:GPI) reached a new 52-week high on Friday . The stock traded as high as $183.09 and last traded at $183.09, with a volume of 510 shares traded. The stock had previously closed at $170.46.

GPI has been the topic of a number of research reports. Morgan Stanley raised their price objective on Group 1 Automotive from $203.00 to $206.00 and gave the stock an “equal weight” rating in a report on Thursday, August 5th. Bank of America raised their price objective on Group 1 Automotive from $305.00 to $351.00 and gave the stock a “buy” rating in a report on Friday, July 16th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Group 1 Automotive presently has an average rating of “Buy” and a consensus target price of $223.20.

The business has a fifty day moving average price of $166.60 and a 200 day moving average price of $162.54. The company has a market capitalization of $3.30 billion, a PE ratio of 6.48, a P/E/G ratio of 0.59 and a beta of 1.96. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.52 and a current ratio of 1.33.

Group 1 Automotive (NYSE:GPI) last announced its earnings results on Wednesday, July 28th. The company reported $10.31 EPS for the quarter, beating the consensus estimate of $7.13 by $3.18. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.34 billion. Group 1 Automotive had a return on equity of 33.86% and a net margin of 4.03%. Research analysts forecast that Group 1 Automotive, Inc. will post 31.8 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Investors of record on Wednesday, September 1st were issued a dividend of $0.34 per share. This is an increase from Group 1 Automotive’s previous quarterly dividend of $0.33. This represents a $1.36 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Tuesday, August 31st. Group 1 Automotive’s dividend payout ratio (DPR) is presently 7.53%.

In related news, Director Max P. Watson sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 22nd. The stock was sold at an average price of $150.56, for a total transaction of $752,800.00. Following the sale, the director now directly owns 48,516 shares in the company, valued at approximately $7,304,568.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 4.10% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Harvest Fund Management Co. Ltd acquired a new stake in Group 1 Automotive during the 1st quarter valued at approximately $28,000. Sowell Financial Services LLC acquired a new stake in Group 1 Automotive during the 1st quarter valued at approximately $43,000. Islay Capital Management LLC acquired a new stake in Group 1 Automotive during the 2nd quarter valued at approximately $100,000. William Blair Investment Management LLC acquired a new stake in Group 1 Automotive during the 2nd quarter valued at approximately $113,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of Group 1 Automotive in the 2nd quarter worth approximately $149,000. Hedge funds and other institutional investors own 96.92% of the company’s stock.

Group 1 Automotive Company Profile (NYSE:GPI)

Group 1 Automotive, Inc engages in the automotive retailing industry. The firm operates through the following geographical segments: U.S, the UK, and Brazil. It also sells new and used cars and light trucks, arranges related vehicle financing, sells service contracts, provides automotive maintenance and repair services, and sells vehicle parts.

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