Beacon Pointe Advisors LLC Makes New Investment in Group 1 Automotive, Inc. $GPI

Key Points

• Beacon Pointe Advisors acquired 5,043 shares of Group 1 Automotive worth approximately $1.47 million during the second quarter. Institutional investors collectively own 99.92% of the company.
• Analyst sentiment is mixed: GPI has a consensus rating of Hold and an average price target of $392.44, while recent targets were lowered by Barclays and UBS; Weiss Ratings downgraded the stock to Sell.
• Group 1 Automotive reported quarterly EPS of $9.61, below the $10.60 consensus estimate, while revenue of $5.39 billion also missed expectations and declined 5.6% year over year. The company declared a quarterly dividend of $0.55 per share, yielding approximately 0.8% annually.

Beacon Pointe Advisors LLC acquired a new stake in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,043 shares of the company's stock, valued at approximately $1,468,000.

A number of other institutional investors and hedge funds have also modified their holdings of GPI. Johnson Financial Group Inc. purchased a new position in Group 1 Automotive in the 3rd quarter worth about $55,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Group 1 Automotive during the 4th quarter valued at $57,000. Global Retirement Partners LLC increased its position in Group 1 Automotive by 78.5% in the fourth quarter. Global Retirement Partners LLC now owns 191 shares of the company's stock worth $75,000 after buying an additional 84 shares in the last quarter. State of Wyoming raised its stake in Group 1 Automotive by 28.2% during the 4th quarter. State of Wyoming now owns 191 shares of the company's stock worth $75,000 after acquiring an additional 42 shares during the period. Finally, Clearstead Advisors LLC raised its position in shares of Group 1 Automotive by 178.0% during the 4th quarter. Clearstead Advisors LLC now owns 228 shares of the company's stock valued at $90,000 after purchasing an additional 146 shares during the period. Institutional investors own 99.92% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on GPI. Benchmark restated a "buy" rating on shares of Group 1 Automotive in a research note on Friday, July 10th. DA Davidson set a $425.00 price target on shares of Group 1 Automotive in a report on Friday, July 10th. Barclays dropped their price objective on shares of Group 1 Automotive from $435.00 to $365.00 and set an "overweight" rating for the company in a report on Wednesday, August 19th. UBS Group cut their price objective on Group 1 Automotive from $338.00 to $330.00 and set a "neutral" rating for the company in a research report on Friday, July 10th. Finally, Weiss Ratings cut Group 1 Automotive from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, August 17th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $392.44.

Group 1 Automotive Price Performance

NYSE:GPI opened at $263.66 on Monday. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 0.80 and a beta of 0.82. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.02 and a quick ratio of 0.25. The business has a 50 day simple moving average of $292.47 and a 200-day simple moving average of $315.11. Group 1 Automotive, Inc. has a 1 year low of $249.54 and a 1 year high of $488.39.

Group 1 Automotive (NYSE:GPI - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $9.61 earnings per share for the quarter, missing the consensus estimate of $10.60 by ($0.99). The company had revenue of $5.39 billion for the quarter, compared to analysts' expectations of $5.66 billion. Group 1 Automotive had a net margin of 1.31% and a return on equity of 15.66%. The business's quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $10.82 EPS. Equities analysts forecast that Group 1 Automotive, Inc. will post 38.96 EPS for the current year.

Group 1 Automotive Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, September 1st. Group 1 Automotive's dividend payout ratio (DPR) is 9.16%.

Group 1 Automotive Profile

Group 1 Automotive, Inc NYSE: GPI is an international automotive retailer headquartered in Houston, Texas. The company operates an extensive network of franchised dealerships, offering new and pre-owned vehicles from leading domestic and import manufacturers. In addition to vehicle sales, Group 1 Automotive provides a full complement of aftersales services, including finance and insurance products, parts distribution, collision repair centers and vehicle maintenance.

Founded in 1997, Group 1 Automotive has grown through both organic expansion and strategic acquisitions to establish a presence across the United States, the United Kingdom and Brazil.

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