Group 1 Automotive (GPI) Scheduled to Post Earnings on Thursday

Group 1 Automotive (NYSE:GPI) is set to post its quarterly earnings results before the market opens on Thursday, February 1st. Analysts expect Group 1 Automotive to post earnings of $1.88 per share for the quarter.

Group 1 Automotive (NYSE:GPI) last released its earnings results on Thursday, October 26th. The company reported $2.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.76 by $0.47. Group 1 Automotive had a return on equity of 15.69% and a net margin of 1.20%. The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the previous year, the firm posted $1.96 EPS. Group 1 Automotive’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, analysts expect Group 1 Automotive to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Group 1 Automotive (NYSE GPI) opened at $79.39 on Thursday. Group 1 Automotive has a one year low of $51.62 and a one year high of $84.47. The company has a market capitalization of $1,660.00, a price-to-earnings ratio of 12.54, a P/E/G ratio of 1.41 and a beta of 1.69. The company has a current ratio of 1.05, a quick ratio of 0.27 and a debt-to-equity ratio of 1.28.

Several research analysts recently commented on the company. Buckingham Research raised Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $89.00 target price for the company in a research note on Friday, January 5th. Zacks Investment Research raised Group 1 Automotive from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Stephens reissued an “equal weight” rating and set a $87.00 target price (up from $83.00) on shares of Group 1 Automotive in a research note on Wednesday, October 4th. KeyCorp reissued a “hold” rating on shares of Group 1 Automotive in a research note on Wednesday, October 4th. Finally, Wells Fargo & Co boosted their target price on Group 1 Automotive from $65.00 to $85.00 and gave the stock a “market perform” rating in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $79.50.

In other Group 1 Automotive news, VP Darryl M. Burman sold 10,000 shares of Group 1 Automotive stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $79.74, for a total transaction of $797,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Earl J. Hesterberg sold 2,000 shares of Group 1 Automotive stock in a transaction dated Saturday, December 29th. The stock was sold at an average price of $72.38, for a total value of $144,760.00. Following the sale, the chief executive officer now directly owns 139,065 shares of the company’s stock, valued at $10,065,524.70. The disclosure for this sale can be found here. Insiders have sold a total of 224,092 shares of company stock valued at $17,493,664 over the last ninety days. 6.08% of the stock is owned by company insiders.

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About Group 1 Automotive

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.

Earnings History for Group 1 Automotive (NYSE:GPI)

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