EULAV Asset Management Has $9.86 Million Position in Group 1 Automotive, Inc. (NYSE:GPI)

EULAV Asset Management grew its stake in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 6.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,815 shares of the company's stock after purchasing an additional 1,600 shares during the period. EULAV Asset Management owned approximately 0.20% of Group 1 Automotive worth $9,860,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Captrust Financial Advisors raised its stake in Group 1 Automotive by 4.2% during the 4th quarter. Captrust Financial Advisors now owns 571 shares of the company's stock worth $241,000 after buying an additional 23 shares during the period. Fifth Third Bancorp raised its holdings in shares of Group 1 Automotive by 24.8% in the first quarter. Fifth Third Bancorp now owns 146 shares of the company's stock valued at $56,000 after purchasing an additional 29 shares during the last quarter. SummerHaven Investment Management LLC lifted its position in shares of Group 1 Automotive by 1.2% during the 1st quarter. SummerHaven Investment Management LLC now owns 2,718 shares of the company's stock worth $1,038,000 after buying an additional 31 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Group 1 Automotive by 119.4% during the fourth quarter. Bessemer Group Inc. now owns 68 shares of the company's stock valued at $29,000 after acquiring an additional 37 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Group 1 Automotive by 13.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 346 shares of the company's stock worth $146,000 after purchasing an additional 41 shares during the last quarter. Institutional investors and hedge funds own 99.92% of the company's stock.

Insider Activity

In other news, VP Michael David Jones sold 1,613 shares of Group 1 Automotive stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $405.57, for a total value of $654,184.41. Following the transaction, the vice president owned 8,260 shares in the company, valued at approximately $3,350,008.20. The trade was a 16.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel James Mchenry sold 3,000 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $441.71, for a total value of $1,325,130.00. Following the completion of the sale, the chief financial officer directly owned 16,674 shares of the company's stock, valued at approximately $7,365,072.54. This trade represents a 15.25% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company's stock.

Group 1 Automotive Price Performance

Shares of NYSE:GPI opened at $466.09 on Monday. The stock has a market cap of $6.03 billion, a P/E ratio of 13.09, a P/E/G ratio of 1.16 and a beta of 0.90. The company has a current ratio of 1.00, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The company has a 50 day moving average of $432.53 and a 200 day moving average of $429.21. Group 1 Automotive, Inc. has a 12 month low of $279.86 and a 12 month high of $490.09.

Group 1 Automotive (NYSE:GPI - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $10.17 EPS for the quarter, topping analysts' consensus estimates of $9.68 by $0.49. The business had revenue of $5.51 billion during the quarter, compared to analysts' expectations of $5.37 billion. Group 1 Automotive had a net margin of 2.27% and a return on equity of 17.96%. The business's quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $9.49 EPS. As a group, sell-side analysts forecast that Group 1 Automotive, Inc. will post 41 EPS for the current fiscal year.

Group 1 Automotive Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Monday, June 2nd. Group 1 Automotive's dividend payout ratio is presently 5.61%.

Analyst Upgrades and Downgrades

Several analysts have commented on GPI shares. Citigroup lifted their price objective on shares of Group 1 Automotive from $463.00 to $495.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Guggenheim downgraded Group 1 Automotive from a "buy" rating to a "neutral" rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. decreased their price objective on Group 1 Automotive from $495.00 to $435.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Benchmark started coverage on shares of Group 1 Automotive in a research report on Tuesday, June 24th. They set a "hold" rating for the company. Finally, Wall Street Zen downgraded shares of Group 1 Automotive from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Group 1 Automotive presently has a consensus rating of "Moderate Buy" and an average target price of $473.00.

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.

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