Group 1 Automotive (NYSE:GPI) Trading 13.6% Higher

Group 1 Automotive, Inc. (NYSE:GPI)’s stock price traded up 13.6% during mid-day trading on Wednesday . The stock traded as high as $75.45 and last traded at $74.43, 380,074 shares were traded during mid-day trading. An increase of 17% from the average session volume of 323,875 shares. The stock had previously closed at $65.50.

Several research analysts have issued reports on the company. Benchmark dropped their target price on Group 1 Automotive from $127.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Bank of America raised their target price on Group 1 Automotive from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. JPMorgan Chase & Co. raised their target price on Group 1 Automotive from $61.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Stephens dropped their target price on Group 1 Automotive from $115.00 to $82.00 and set an “overweight” rating on the stock in a research report on Thursday, March 26th. Finally, ValuEngine cut Group 1 Automotive from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. Group 1 Automotive presently has a consensus rating of “Hold” and an average target price of $91.68.

The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.15 and a current ratio of 0.91. The stock has a market capitalization of $1.27 billion, a PE ratio of 7.91, a PEG ratio of 1.67 and a beta of 2.18. The stock has a 50-day moving average price of $53.55 and a two-hundred day moving average price of $79.50.

Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.34. Group 1 Automotive had a return on equity of 16.32% and a net margin of 1.38%. The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the previous year, the firm earned $2.06 EPS. The business’s quarterly revenue was down 4.2% on a year-over-year basis. As a group, equities analysts predict that Group 1 Automotive, Inc. will post 6.8 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new position in shares of Group 1 Automotive during the 4th quarter valued at about $33,000. Quantbot Technologies LP bought a new stake in Group 1 Automotive during the 4th quarter valued at approximately $39,000. Ladenburg Thalmann Financial Services Inc. bought a new stake in Group 1 Automotive during the 4th quarter valued at approximately $42,000. Advisor Group Holdings Inc. bought a new stake in Group 1 Automotive during the 1st quarter valued at approximately $33,000. Finally, Advisor Group Inc. raised its stake in Group 1 Automotive by 373.3% during the 4th quarter. Advisor Group Inc. now owns 1,117 shares of the company’s stock valued at $112,000 after purchasing an additional 881 shares during the period.

About Group 1 Automotive (NYSE:GPI)

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks, and vehicle parts, as well as service insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. It has operations primarily in the metropolitan areas in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 32 towns in the United Kingdom; and metropolitan markets in the states of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.

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