FY2024 EPS Estimates for Group 1 Automotive, Inc. Decreased by Analyst (NYSE:GPI)

Group 1 Automotive, Inc. (NYSE:GPI - Free Report) - Equities research analysts at Zacks Research cut their FY2024 earnings estimates for Group 1 Automotive in a report released on Wednesday, May 15th. Zacks Research analyst L. Shahu now expects that the company will post earnings per share of $38.38 for the year, down from their previous forecast of $38.57. The consensus estimate for Group 1 Automotive's current full-year earnings is $38.97 per share. Zacks Research also issued estimates for Group 1 Automotive's Q1 2025 earnings at $9.33 EPS, Q2 2025 earnings at $11.54 EPS, Q4 2025 earnings at $8.74 EPS, Q1 2026 earnings at $9.32 EPS and FY2026 earnings at $42.13 EPS.

Group 1 Automotive (NYSE:GPI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $9.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.52 by ($0.03). The business had revenue of $4.47 billion for the quarter, compared to analysts' expectations of $4.30 billion. Group 1 Automotive had a net margin of 3.23% and a return on equity of 22.45%.

Several other brokerages also recently weighed in on GPI. Morgan Stanley upgraded shares of Group 1 Automotive from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $200.00 to $255.00 in a research note on Thursday, February 29th. Stephens reissued an "overweight" rating and set a $330.00 target price on shares of Group 1 Automotive in a report on Tuesday, February 13th. JPMorgan Chase & Co. reduced their target price on shares of Group 1 Automotive from $315.00 to $310.00 and set an "overweight" rating for the company in a report on Thursday, May 2nd. Guggenheim raised shares of Group 1 Automotive from a "neutral" rating to a "buy" rating and set a $305.00 price objective for the company in a report on Wednesday, April 17th. Finally, StockNews.com cut shares of Group 1 Automotive from a "buy" rating to a "hold" rating in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Group 1 Automotive presently has a consensus rating of "Moderate Buy" and an average price target of $330.83.

Group 1 Automotive Stock Down 1.0 %

GPI stock traded down $3.17 during trading on Thursday, hitting $317.67. 118,422 shares of the company's stock traded hands, compared to its average volume of 140,632. The firm has a market capitalization of $4.30 billion, a P/E ratio of 7.52, a PEG ratio of 1.60 and a beta of 1.38. The business has a fifty day simple moving average of $283.20 and a two-hundred day simple moving average of $279.98. The company has a quick ratio of 0.27, a current ratio of 1.04 and a debt-to-equity ratio of 0.87. Group 1 Automotive has a 1 year low of $217.71 and a 1 year high of $323.95.

Group 1 Automotive Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a $0.47 dividend. The ex-dividend date is Monday, June 3rd. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.59%. Group 1 Automotive's payout ratio is 4.44%.

Insider Activity

In other news, VP Michael David Jones sold 1,400 shares of the firm's stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $294.63, for a total value of $412,482.00. Following the sale, the vice president now directly owns 11,535 shares in the company, valued at approximately $3,398,557.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On Group 1 Automotive

A number of hedge funds and other institutional investors have recently modified their holdings of GPI. Norges Bank acquired a new stake in Group 1 Automotive during the 4th quarter worth $46,923,000. Hennessy Advisors Inc. acquired a new stake in Group 1 Automotive during the 4th quarter worth $24,562,000. Wellington Management Group LLP acquired a new stake in Group 1 Automotive during the 4th quarter worth $21,296,000. The Manufacturers Life Insurance Company raised its stake in Group 1 Automotive by 12.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 574,561 shares of the company's stock worth $154,390,000 after acquiring an additional 63,726 shares in the last quarter. Finally, Covalis Capital LLP acquired a new stake in Group 1 Automotive during the 3rd quarter worth $16,330,000. 99.92% of the stock is currently owned by institutional investors and hedge funds.

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.