John C. Rickel Sells 10,000 Shares of Group 1 Automotive, Inc. (GPI) Stock
Group 1 Automotive, Inc. (NYSE:GPI) CFO John C. Rickel sold 10,000 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $81.00, for a total transaction of $810,000.00. Following the transaction, the chief financial officer now owns 123,470 shares in the company, valued at $10,001,070. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
John C. Rickel also recently made the following trade(s):
- On Friday, October 27th, John C. Rickel sold 20,000 shares of Group 1 Automotive stock. The stock was sold at an average price of $80.00, for a total transaction of $1,600,000.00.
- On Thursday, September 21st, John C. Rickel sold 10,000 shares of Group 1 Automotive stock. The stock was sold at an average price of $66.99, for a total transaction of $669,900.00.
Shares of Group 1 Automotive, Inc. (GPI) opened at $81.08 on Friday. 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 firm has a market cap of $1,691.25, a P/E ratio of 11.00, a P/E/G ratio of 1.56 and a beta of 1.69. Group 1 Automotive, Inc. has a twelve month low of $51.62 and a twelve month high of $84.47.
Group 1 Automotive (NYSE:GPI) last released 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 net margin of 1.20% and a return on equity of 15.69%. The business 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 company earned $1.96 EPS. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. analysts forecast that Group 1 Automotive, Inc. will post 7.41 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.25 dividend. This is a boost from Group 1 Automotive’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.23%. Group 1 Automotive’s dividend payout ratio is 15.90%.
Institutional investors have recently made changes to their positions in the company. Quantitative Systematic Strategies LLC purchased a new stake in shares of Group 1 Automotive in the 3rd quarter valued at $215,000. Great West Life Assurance Co. Can raised its holdings in Group 1 Automotive by 3.2% during the 2nd quarter. Great West Life Assurance Co. Can now owns 29,006 shares of the company’s stock valued at $1,836,000 after buying an additional 900 shares during the last quarter. Capital Fund Management S.A. bought a new stake in Group 1 Automotive during the 2nd quarter valued at $1,322,000. FCA Corp TX bought a new stake in Group 1 Automotive during the 3rd quarter valued at $290,000. Finally, First Trust Advisors LP raised its holdings 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 valued at $2,330,000 after buying an additional 9,647 shares during the last quarter. 97.58% of the stock is owned by institutional investors.
Several brokerages have commented on GPI. Buckingham Research lowered shares of Group 1 Automotive from a “buy” rating to a “neutral” rating and set a $86.00 price objective on the stock. in a research report on Monday, November 13th. Wells Fargo & Company lifted their price objective on shares of Group 1 Automotive from $65.00 to $85.00 and gave the stock a “market perform” rating in a research report on Monday, October 30th. KeyCorp reaffirmed a “hold” rating on shares of Group 1 Automotive in a research report on Wednesday, October 4th. Berenberg Bank initiated coverage on shares of Group 1 Automotive in a research report on Wednesday, October 4th. They issued a “hold” rating and a $77.00 price objective on the stock. Finally, Stephens reissued an “equal weight” rating and issued a $87.00 price target (up previously from $83.00) on shares of Group 1 Automotive in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. Group 1 Automotive presently has an average rating of “Hold” and an average price target of $79.00.
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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.
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