Group 1 Automotive (NYSE:GPI) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, ValuEngine reports.

Separately, Morgan Stanley upped their price objective on Group 1 Automotive from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Group 1 Automotive has an average rating of “Buy” and an average target price of $83.80.

Shares of NYSE:GPI traded up $2.37 during trading hours on Wednesday, hitting $88.42. 207,425 shares of the company’s stock traded hands, compared to its average volume of 169,943. The firm has a market capitalization of $1.50 billion, a P/E ratio of 9.92, a price-to-earnings-growth ratio of 1.32 and a beta of 1.78. The business has a fifty day moving average price of $79.66 and a 200-day moving average price of $74.72. Group 1 Automotive has a 1 year low of $48.69 and a 1 year high of $89.85. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.01 and a quick ratio of 0.24.

Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings results on Thursday, July 25th. The company reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.09. Group 1 Automotive had a return on equity of 15.90% and a net margin of 1.31%. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the prior year, the business posted $2.45 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities analysts predict that Group 1 Automotive will post 10.28 earnings per share for the current year.

In related news, insider Frank Grese sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $78.45, for a total value of $392,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Peter C. Delongchamps sold 10,200 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $87.00, for a total value of $887,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 24,200 shares of company stock valued at $2,063,100 in the last quarter. 6.00% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Quantamental Technologies LLC bought a new position in shares of Group 1 Automotive during the 1st quarter worth $37,000. Krane Funds Advisors LLC purchased a new stake in Group 1 Automotive in the second quarter worth about $62,000. Point72 Hong Kong Ltd purchased a new stake in Group 1 Automotive in the second quarter worth about $78,000. Bessemer Group Inc. bought a new position in Group 1 Automotive during the 2nd quarter worth about $120,000. Finally, CIBC Asset Management Inc bought a new position in Group 1 Automotive during the 2nd quarter worth about $208,000. 99.96% of the stock is owned by institutional investors and hedge funds.

About Group 1 Automotive

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks, and vehicle parts, as well as service insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. It has operations primarily in the metropolitan areas in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 32 towns in the United Kingdom; and metropolitan markets in the states of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.

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Analyst Recommendations for Group 1 Automotive (NYSE:GPI)

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