News headlines about Group 1 Automotive (NYSE:GPI) have been trending somewhat positive on Thursday, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Group 1 Automotive earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the company an impact score of 47.2020278760602 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of NYSE GPI opened at $71.77 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.27 and a debt-to-equity ratio of 1.17. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 1.23 and a beta of 1.76. Group 1 Automotive has a one year low of $51.62 and a one year high of $84.47.
Group 1 Automotive (NYSE:GPI) last announced its earnings results on Thursday, April 26th. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.16. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.66 billion. Group 1 Automotive had a return on equity of 15.47% and a net margin of 1.86%. The company’s revenue was up 13.5% on a year-over-year basis. During the same period last year, the firm earned $1.53 earnings per share. sell-side analysts predict that Group 1 Automotive will post 8.61 EPS for the current fiscal year.
Group 1 Automotive announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, May 16th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to purchase up to 6.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
A number of equities research analysts recently weighed in on GPI shares. Morgan Stanley raised their target price on shares of Group 1 Automotive from $53.00 to $62.00 and gave the company an “underweight” rating in a research note on Wednesday, March 14th. Buckingham Research downgraded shares of Group 1 Automotive from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 20th. ValuEngine downgraded shares of Group 1 Automotive from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Stephens reaffirmed a “hold” rating and issued a $86.00 target price on shares of Group 1 Automotive in a research note on Wednesday, March 21st. Finally, Zacks Investment Research downgraded shares of Group 1 Automotive from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $82.00.
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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