Edward Mckissic Sells 79 Shares of Group 1 Automotive, Inc. (NYSE:GPI) Stock

Group 1 Automotive, Inc. (NYSE:GPI) VP Edward Mckissic sold 79 shares of the firm’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 transaction, the vice president now owns 6,259 shares of the company’s stock, valued at $2,340,928.59. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Group 1 Automotive Trading Up 0.2 %

Group 1 Automotive stock traded up $0.95 during trading on Thursday, reaching $408.33. The company had a trading volume of 47,055 shares, compared to its average volume of 134,677. Group 1 Automotive, Inc. has a 12-month low of $255.73 and a 12-month high of $413.36. The stock’s 50 day moving average price is $366.10 and its two-hundred day moving average price is $332.93. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 1.88 and a beta of 1.33. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.26 and a current ratio of 1.00.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Assetmark Inc. lifted its position in Group 1 Automotive by 51.9% during the third quarter. Assetmark Inc. now owns 82 shares of the company’s stock valued at $31,000 after buying an additional 28 shares in the last quarter. Arizona State Retirement System lifted its position in Group 1 Automotive by 0.9% during the second quarter. Arizona State Retirement System now owns 3,832 shares of the company’s stock valued at $1,139,000 after buying an additional 33 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Group 1 Automotive by 17.1% during the second quarter. EverSource Wealth Advisors LLC now owns 267 shares of the company’s stock valued at $79,000 after buying an additional 39 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in shares of Group 1 Automotive by 1.7% during the second quarter. SummerHaven Investment Management LLC now owns 2,854 shares of the company’s stock worth $848,000 after purchasing an additional 49 shares in the last quarter. Finally, Hexagon Capital Partners LLC lifted its position in shares of Group 1 Automotive by 53.7% during the second quarter. Hexagon Capital Partners LLC now owns 146 shares of the company’s stock worth $43,000 after purchasing an additional 51 shares in the last quarter. 99.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GPI has been the subject of several recent research reports. Morgan Stanley upgraded shares of Group 1 Automotive from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $285.00 to $430.00 in a report on Wednesday, September 25th. 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 report on Monday, July 22nd. Stephens assumed coverage on shares of Group 1 Automotive in a report on Thursday, September 12th. They set an “equal weight” rating and a $394.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of Group 1 Automotive from $420.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, StockNews.com upgraded shares of Group 1 Automotive from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Group 1 Automotive has a consensus rating of “Moderate Buy” and an average price target of $397.80.

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.