Olympiad Research LP Buys Shares of 858 Group 1 Automotive, Inc. (NYSE:GPI)

Olympiad Research LP bought a new stake in shares of Group 1 Automotive, Inc. (NYSE:GPI) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 858 shares of the company’s stock, valued at approximately $329,000.

Several other institutional investors have also recently added to or reduced their stakes in GPI. The Manufacturers Life Insurance Company increased its stake in Group 1 Automotive by 22.0% during the second quarter. The Manufacturers Life Insurance Company now owns 639,142 shares of the company’s stock valued at $190,004,000 after purchasing an additional 115,143 shares during the last quarter. Woodson Capital Management LP grew its position in shares of Group 1 Automotive by 114.6% during the first quarter. Woodson Capital Management LP now owns 142,500 shares of the company’s stock worth $41,643,000 after acquiring an additional 76,102 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Group 1 Automotive by 57.4% during the third quarter. Assenagon Asset Management S.A. now owns 63,236 shares of the company’s stock worth $24,222,000 after acquiring an additional 23,051 shares during the last quarter. Shellback Capital LP grew its position in shares of Group 1 Automotive by 27.1% during the second quarter. Shellback Capital LP now owns 95,302 shares of the company’s stock worth $28,331,000 after acquiring an additional 20,302 shares during the last quarter. Finally, Hennessy Advisors Inc. grew its position in shares of Group 1 Automotive by 18.1% during the second quarter. Hennessy Advisors Inc. now owns 108,500 shares of the company’s stock worth $32,255,000 after acquiring an additional 16,600 shares during the last quarter. Institutional investors own 99.92% of the company’s stock.

Group 1 Automotive Price Performance

Shares of NYSE GPI opened at $402.79 on Friday. Group 1 Automotive, Inc. has a twelve month low of $255.73 and a twelve month high of $413.36. The company has a current ratio of 1.00, a quick ratio of 0.26 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 1.88 and a beta of 1.33. The firm has a 50-day moving average of $366.72 and a two-hundred day moving average of $333.42.

Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $9.90 earnings per share for the quarter, beating analysts’ consensus estimates of $9.87 by $0.03. Group 1 Automotive had a net margin of 2.68% and a return on equity of 18.49%. The company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same period in the prior year, the company earned $12.07 EPS. Group 1 Automotive’s revenue was up 11.0% on a year-over-year basis. As a group, analysts expect that Group 1 Automotive, Inc. will post 38.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GPI has been the subject of several recent research reports. Bank of America lowered their price target on shares of Group 1 Automotive from $445.00 to $435.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Morgan Stanley upgraded shares of Group 1 Automotive from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $285.00 to $430.00 in a research report on Wednesday, September 25th. StockNews.com upgraded shares of Group 1 Automotive from a “sell” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. increased their target price on shares of Group 1 Automotive from $420.00 to $425.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Stephens initiated coverage on shares of Group 1 Automotive in a research report on Thursday, September 12th. They issued an “equal weight” rating and a $394.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $397.80.

Insider Buying and Selling at Group 1 Automotive

In other Group 1 Automotive news, VP Edward Mckissic sold 79 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $374.01, for a total value of $29,546.79. Following the completion of the sale, the vice president now directly owns 6,259 shares of the company’s stock, valued at approximately $2,340,928.59. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Group 1 Automotive news, VP Michael David Jones sold 1,200 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $350.99, for a total transaction of $421,188.00. Following the completion of the sale, the vice president now directly owns 9,742 shares of the company’s stock, valued at approximately $3,419,344.58. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Edward Mckissic sold 79 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $374.01, for a total transaction of $29,546.79. Following the sale, the vice president now directly owns 6,259 shares of the company’s stock, valued at $2,340,928.59. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

Group 1 Automotive Company Profile

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.