Today, Group 1 Automotive Inc. (GPI) Cut to “Sell” at Goldman Sachs Group Inc.

Today, Group 1 Automotive Inc. (GPI) Cut to “Sell” at Goldman Sachs Group Inc.
Goldman Sachs Group Inc. downgraded shares of Group 1 Automotive Inc. (NYSE:GPI) from a neutral rating to a sell rating in a research note released on Tuesday. They currently have $59.00 target price on the stock.

GPI has been the topic of several other reports. Zacks Investment Research upgraded shares of Group 1 Automotive from a hold rating to a buy rating and set a $69.00 price target on the stock in a research report on Tuesday, September 27th. TheStreet upgraded shares of Group 1 Automotive from a hold rating to a buy rating in a research report on Thursday, September 15th. Finally, Seaport Global Securities initiated coverage on shares of Group 1 Automotive in a research report on Tuesday, August 9th. They issued a neutral rating on the stock. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Group 1 Automotive presently has a consensus rating of Hold and an average price target of $63.33.

Group 1 Automotive (NYSE:GPI) opened at 72.32 on Tuesday. The firm’s 50-day moving average is $62.94 and its 200-day moving average is $59.84. Group 1 Automotive has a 12 month low of $47.31 and a 12 month high of $83.43. The firm has a market capitalization of $1.48 billion, a PE ratio of 19.76 and a beta of 1.38.

Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings results on Thursday, October 20th. The company reported $1.96 EPS for the quarter, missing the consensus estimate of $2.09 by $0.13. Group 1 Automotive had a return on equity of 17.77% and a net margin of 0.72%. The business earned $2.80 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter last year, the firm posted $1.91 earnings per share. Group 1 Automotive’s revenue was up .8% compared to the same quarter last year. On average, equities research analysts expect that Group 1 Automotive will post $7.35 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.92 annualized dividend and a yield of 1.27%. Group 1 Automotive’s payout ratio is presently 24.02%.

In other news, VP Darryl M. Burman sold 2,000 shares of the company’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $58.90, for a total value of $117,800.00. Following the transaction, the vice president now owns 72,633 shares in the company, valued at approximately $4,278,083.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lincoln Pereira sold 35,000 shares of the company’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $67.69, for a total value of $2,369,150.00. Following the completion of the transaction, the director now owns 67,425 shares in the company, valued at approximately $4,563,998.25. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Acrospire Investment Management LLC increased its position in shares of Group 1 Automotive by 1,050.0% in the second quarter. Acrospire Investment Management LLC now owns 2,300 shares of the company’s stock worth $114,000 after buying an additional 2,100 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Group 1 Automotive during the second quarter worth $122,000. Societe Generale acquired a new position in shares of Group 1 Automotive during the second quarter worth $134,000. SG Americas Securities LLC acquired a new position in shares of Group 1 Automotive during the second quarter worth $134,000. Finally, Teacher Retirement System of Texas increased its position in shares of Group 1 Automotive by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 3,309 shares of the company’s stock worth $163,000 after buying an additional 402 shares in the last quarter. Institutional investors own 96.39% of the company’s stock.

Group 1 Automotive Company Profile

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