Shares of Group 1 Automotive, Inc. (NYSE:GPI - Get Free Report) have received an average recommendation of "Moderate Buy" from the ten analysts that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $400.2222.
A number of equities research analysts have recently weighed in on the company. Seaport Research Partners set a $420.00 target price on Group 1 Automotive in a research note on Monday, August 3rd. DA Davidson set a $425.00 price target on Group 1 Automotive in a research note on Friday, July 10th. Morgan Stanley reiterated an "equal weight" rating and issued a $300.00 price objective (down from $400.00) on shares of Group 1 Automotive in a research report on Friday. JPMorgan Chase & Co. lowered Group 1 Automotive from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $380.00 to $320.00 in a research note on Friday, July 31st. Finally, Citigroup lifted their target price on shares of Group 1 Automotive from $420.00 to $462.00 and gave the stock a "buy" rating in a research note on Monday, May 11th.
View Our Latest Stock Report on Group 1 Automotive
Group 1 Automotive Trading Down 0.9%
Shares of GPI stock opened at $264.15 on Tuesday. The company has a market capitalization of $3.15 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 0.78 and a beta of 0.82. Group 1 Automotive has a 52-week low of $261.13 and a 52-week high of $488.39. The business's fifty day moving average is $307.86 and its 200 day moving average is $325.79. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.25 and a current ratio of 1.02.
Group 1 Automotive (NYSE:GPI - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $9.61 earnings per share for the quarter, missing analysts' consensus estimates of $10.60 by ($0.99). The company had revenue of $5.39 billion during 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 company's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $10.82 earnings per share. On average, equities research analysts anticipate that Group 1 Automotive will post 39.9 EPS for the current fiscal year.
Institutional Trading of Group 1 Automotive
Several large investors have recently added to or reduced their stakes in GPI. Northwestern Mutual Wealth Management Co. raised its stake in Group 1 Automotive by 366,770.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,431,464 shares of the company's stock valued at $10,002,195,000 after buying an additional 25,424,532 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Group 1 Automotive in the 2nd quarter worth $593,420,000. Norges Bank purchased a new position in shares of Group 1 Automotive in the 4th quarter worth $98,125,000. Bank of New York Mellon Corp bought a new stake in shares of Group 1 Automotive in the second quarter worth $27,000,000. Finally, Franklin Resources Inc. increased its position in Group 1 Automotive by 968.8% during the third quarter. Franklin Resources Inc. now owns 84,412 shares of the company's stock valued at $36,931,000 after acquiring an additional 76,514 shares during the last quarter. Institutional investors own 99.92% of the company's stock.
Group 1 Automotive Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Group 1 Automotive, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Group 1 Automotive wasn't on the list.
While Group 1 Automotive currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries.
"Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
