Group 1 Automotive (GPI) – Research Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Group 1 Automotive (NYSE: GPI):

• 9/26/2024 – Group 1 Automotive was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 9/25/2024 – Group 1 Automotive was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $430.00 price target on the stock, up previously from $285.00.
• 9/12/2024 – Group 1 Automotive was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 9/12/2024 – Group 1 Automotive is now covered by analysts at Stephens. They set an “equal weight” rating and a $394.00 price target on the stock.
• 9/10/2024 – Group 1 Automotive had its price target raised by analysts at JPMorgan Chase & Co. from $360.00 to $420.00. They now have an “overweight” rating on the stock.
• 8/14/2024 – Group 1 Automotive had its price target raised by analysts at Morgan Stanley from $260.00 to $285.00. They now have an “equal weight” rating on the stock.
• 8/6/2024 – Group 1 Automotive had its price target raised by analysts at JPMorgan Chase & Co. from $310.00 to $360.00. They now have an “overweight” rating on the stock.

Group 1 Automotive Stock Down 0.8 %

Group 1 Automotive stock opened at $383.04 on Tuesday. Group 1 Automotive, Inc. has a 1-year low of $228.84 and a 1-year high of $393.93. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 1.94 and a beta of 1.33. The firm’s fifty day moving average price is $358.32 and its two-hundred day moving average price is $317.09. The company has a current ratio of 1.02, a quick ratio of 0.26 and a debt-to-equity ratio of 0.80.

Group 1 Automotive (NYSE:GPI) last announced its earnings results on Wednesday, July 24th. The company reported $9.80 EPS for the quarter, beating the consensus estimate of $9.36 by $0.44. The company had revenue of $4.70 billion during the quarter, compared to the consensus estimate of $4.68 billion. Group 1 Automotive had a net margin of 3.03% and a return on equity of 20.53%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $11.73 earnings per share. On average, equities research analysts predict that Group 1 Automotive, Inc. will post 39.18 earnings per share for the current fiscal year.

Group 1 Automotive Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 2nd were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.88 dividend on an annualized basis and a yield of 0.49%. Group 1 Automotive’s dividend payout ratio (DPR) is presently 4.44%.

Insider Transactions at Group 1 Automotive

In other news, VP Michael David Jones sold 1,200 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $350.99, for a total value of $421,188.00. Following the completion of the transaction, the vice president now directly owns 9,742 shares in the company, valued at $3,419,344.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Group 1 Automotive

Several hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its stake in shares of Group 1 Automotive by 22.0% in the second quarter. The Manufacturers Life Insurance Company now owns 639,142 shares of the company’s stock worth $190,004,000 after buying an additional 115,143 shares during the period. Hennessy Advisors Inc. purchased a new position in Group 1 Automotive during the 4th quarter valued at $24,562,000. Woodson Capital Management LP increased its position in Group 1 Automotive by 114.6% during the 1st quarter. Woodson Capital Management LP now owns 142,500 shares of the company’s stock valued at $41,643,000 after purchasing an additional 76,102 shares during the period. Wellington Management Group LLP bought a new stake in shares of Group 1 Automotive during the 4th quarter valued at $21,296,000. Finally, Intrinsic Edge Capital Management LLC boosted its holdings in shares of Group 1 Automotive by 66.4% during the 4th quarter. Intrinsic Edge Capital Management LLC now owns 84,968 shares of the company’s stock valued at $25,893,000 after buying an additional 33,901 shares in the last quarter. 99.92% of the stock is currently owned by institutional investors.

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry in the United States and the United Kingdom. The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services.