Group 1 Automotive (NYSE:GPI) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Several other analysts also recently issued reports on the company. Stephens upgraded Group 1 Automotive from an “equal weight” rating to an “overweight” rating and set a $95.00 price target for the company in a report on Monday, August 6th. Morgan Stanley downgraded Group 1 Automotive to a “sell” rating in a report on Tuesday, July 10th. Finally, Zacks Investment Research upgraded Group 1 Automotive from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a report on Tuesday, June 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Group 1 Automotive presently has a consensus rating of “Hold” and an average price target of $85.71.

Shares of GPI opened at $70.90 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.26 and a current ratio of 1.07. The firm has a market capitalization of $1.41 billion, a P/E ratio of 8.35 and a beta of 1.92. Group 1 Automotive has a twelve month low of $59.72 and a twelve month high of $84.47.

Group 1 Automotive (NYSE:GPI) last issued its earnings results on Thursday, July 26th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.31. Group 1 Automotive had a return on equity of 15.73% and a net margin of 1.97%. The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same period last year, the company posted $1.87 EPS. The business’s quarterly revenue was up 10.2% on a year-over-year basis. equities research analysts expect that Group 1 Automotive will post 8.94 EPS for the current year.

In related news, VP Darryl M. Burman sold 4,000 shares of the stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $78.00, for a total value of $312,000.00. Following the completion of the sale, the vice president now directly owns 64,178 shares in the company, valued at approximately $5,005,884. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Daryl Kenningham sold 2,700 shares of the 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. Over the last quarter, insiders sold 38,200 shares of company stock valued at $3,012,805. 4.95% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in GPI. Wells Fargo & Company MN grew its stake in shares of Group 1 Automotive by 4.7% during the first quarter. Wells Fargo & Company MN now owns 45,991 shares of the company’s stock valued at $3,006,000 after acquiring an additional 2,067 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Group 1 Automotive by 142.8% during the first quarter. SG Americas Securities LLC now owns 4,060 shares of the company’s stock valued at $265,000 after acquiring an additional 2,388 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Group 1 Automotive by 6.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 130,612 shares of the company’s stock valued at $8,535,000 after acquiring an additional 7,363 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Group 1 Automotive by 7.7% during the first quarter. Thrivent Financial for Lutherans now owns 13,198 shares of the company’s stock valued at $862,000 after acquiring an additional 946 shares in the last quarter. Finally, BlackRock Inc. grew its stake in shares of Group 1 Automotive by 13.2% during the first quarter. BlackRock Inc. now owns 2,949,848 shares of the company’s stock valued at $192,744,000 after acquiring an additional 343,818 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

About Group 1 Automotive

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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