Group 1 Automotive, Inc. (GPI) CEO Earl J. Hesterberg Sells 20,000 Shares

Group 1 Automotive, Inc. (NYSE:GPI) CEO Earl J. Hesterberg sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $77.71, for a total value of $1,554,200.00. Following the completion of the sale, the chief executive officer now owns 108,440 shares of the company’s stock, valued at approximately $8,426,872.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Group 1 Automotive, Inc. (GPI) traded down $1.11 during trading on Thursday, reaching $78.41. The company’s stock had a trading volume of 222,400 shares, compared to its average volume of 260,429. 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 stock has a market capitalization of $1,640.00, a price-to-earnings ratio of 12.39, a P/E/G ratio of 1.42 and a beta of 1.69. Group 1 Automotive, Inc. has a one year low of $51.62 and a one year high of $84.47.

Group 1 Automotive (NYSE:GPI) last posted its earnings results on Thursday, October 26th. The company reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.47. The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.80 billion. Group 1 Automotive had a return on equity of 15.69% and a net margin of 1.20%. Group 1 Automotive’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.96 earnings per share. research analysts anticipate that Group 1 Automotive, Inc. will post 7.44 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.00 dividend on an annualized basis and a yield of 1.28%. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.24. Group 1 Automotive’s dividend payout ratio is currently 15.80%.

A number of analysts recently issued reports on the company. KeyCorp reiterated a “hold” rating on shares of Group 1 Automotive in a report on Wednesday, October 4th. Buckingham Research lowered Group 1 Automotive from a “buy” rating to a “neutral” rating and set a $86.00 price target for the company. in a report on Monday, November 13th. Zacks Investment Research lowered Group 1 Automotive from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Berenberg Bank assumed coverage on Group 1 Automotive in a report on Wednesday, October 4th. They issued a “hold” rating and a $77.00 price target for the company. Finally, Stephens reiterated an “equal weight” rating and issued a $87.00 price target (up previously from $83.00) on shares of Group 1 Automotive in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $79.50.

Institutional investors have recently bought and sold shares of the business. Quantitative Systematic Strategies LLC purchased a new stake in Group 1 Automotive during the third quarter worth $215,000. First Trust Advisors LP lifted its holdings in Group 1 Automotive by 42.9% during the third quarter. First Trust Advisors LP now owns 32,158 shares of the company’s stock worth $2,330,000 after buying an additional 9,647 shares during the period. Capital Fund Management S.A. purchased a new stake in Group 1 Automotive during the second quarter worth $1,322,000. FCA Corp TX purchased a new stake in Group 1 Automotive during the third quarter worth $290,000. Finally, Nordea Investment Management AB lifted its holdings in Group 1 Automotive by 2.8% during the third quarter. Nordea Investment Management AB now owns 73,800 shares of the company’s stock worth $5,348,000 after buying an additional 2,000 shares during the period. Institutional investors own 97.57% of the company’s stock.

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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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