Group 1 Automotive Stock Forecast, Price & News

Group 1 Automotive's stock was trading at $61.07 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, GPI shares have increased by 43.9% and is now trading at $87.87.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Group 1 Automotive in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Group 1 Automotive is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
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Group 1 Automotive, Inc. (NYSE:GPI) issued its quarterly earnings data on Thursday, July, 30th. The company reported $3.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.91 by $2.86. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.06 billion. Group 1 Automotive had a net margin of 1.31% and a return on equity of 17.34%.
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Group 1 Automotive announced a quarterly dividend on Tuesday, February 18th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.30 per share on Monday, March 16th. This represents a $1.20 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Group 1 Automotive's previous quarterly dividend of $0.29.
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Group 1 Automotive announced that its Board of Directors has authorized a stock buyback program on Thursday, February 21st 2019, which allows the company to buyback $75,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 6.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.

6 analysts have issued 1 year price objectives for Group 1 Automotive's stock. Their forecasts range from $82.00 to $140.00. On average, they expect Group 1 Automotive's share price to reach $107.33 in the next twelve months. This suggests a possible upside of 22.2% from the stock's current price.
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Some companies that are related to Group 1 Automotive include O'Reilly Automotive (ORLY), AutoZone (AZO), CarMax (KMX), Advance Auto Parts (AAP), Lithia Motors (LAD), AutoNation (AN), Penske Automotive Group (PAG), Asbury Automotive Group (ABG), Sonic Automotive (SAH), Monro (MNRO), PROSPECT CAPITAL 6.25 NTS (PBY) and America's Car-Mart (CRMT).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Group 1 Automotive investors own include Asbury Automotive Group (ABG), AbbVie (ABBV), Advanced Micro Devices (AMD), Comcast (CMCSA), AT&T (T), AutoNation (AN), Cisco Systems (CSCO), Corning (GLW), Kroger (KR) and NVIDIA (NVDA).

Group 1 Automotive trades on the New York Stock Exchange (NYSE) under the ticker symbol "GPI."

Group 1 Automotive's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.12%), Eminence Capital LP (7.25%), LSV Asset Management (4.16%), Grantham Mayo Van Otterloo & Co. LLC (1.79%), Nuveen Asset Management LLC (1.77%) and UBS Group AG (1.52%). Company insiders that own Group 1 Automotive stock include Darryl M Burman, Daryl Kenningham, Earl J Hesterberg, Frank Grese, John C Rickel, John L Adams, Lincoln Pereira, Max P Watson, Michael David Jones and Peter C Delongchamps.
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GPI stock was sold by a variety of institutional investors in the last quarter, including Eminence Capital LP, Bank of America Corp DE, Robeco Institutional Asset Management B.V., Foundry Partners LLC, LSV Asset Management, Vanguard Group Inc., WINTON GROUP Ltd, and Bank of New York Mellon Corp. Company insiders that have sold Group 1 Automotive company stock in the last year include Darryl M Burman, Daryl Kenningham, Earl J Hesterberg, Frank Grese, John C Rickel, John L Adams, Lincoln Pereira, Max P Watson, Michael David Jones, and Peter C Delongchamps.
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GPI stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Towle & Co., Virtu Financial LLC, Denali Advisors LLC, Marshall Wace North America L.P., Palisade Capital Management LLC NJ, New York State Common Retirement Fund, and AJO LP.
View insider buying and selling activity for Group 1 Automotive.

Shares of GPI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of GPI stock can currently be purchased for approximately $87.87.

Group 1 Automotive has a market capitalization of $1.60 billion and generates $12.04 billion in revenue each year. The company earns $174 million in net income (profit) each year or $10.93 on an earnings per share basis. Group 1 Automotive employs 15,296 workers across the globe.

The official website for Group 1 Automotive is www.group1auto.com.

Group 1 Automotive's mailing address is 800 GESSNER SUITE 500, HOUSTON TX, 77024. The company can be reached via phone at 713-647-5700 or via email at [email protected]