Group 1 Automotive, Inc. (NYSE:GPI) CFO John C. Rickel sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $80.00, for a total value of $1,600,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

John C. Rickel also recently made the following trade(s):

  • On Thursday, September 21st, John C. Rickel sold 10,000 shares of Group 1 Automotive stock. The shares were sold at an average price of $66.99, for a total value of $669,900.00.

Group 1 Automotive, Inc. (NYSE GPI) opened at 78.62 on Tuesday. The firm’s 50-day moving average price is $70.42 and its 200-day moving average price is $63.95. Group 1 Automotive, Inc. has a 1-year low of $51.62 and a 1-year high of $83.18. The firm has a market capitalization of $1.58 billion, a PE ratio of 12.08 and a beta of 1.62.

Group 1 Automotive (NYSE:GPI) last announced its quarterly earnings results on Thursday, October 26th. The company reported $2.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.76 by $0.47. The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.80 billion. Group 1 Automotive had a net margin of 1.20% and a return on equity of 15.69%. Group 1 Automotive’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the business earned $1.96 EPS. On average, equities research analysts predict that Group 1 Automotive, Inc. will post $7.21 EPS for the current fiscal year.

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A number of research analysts recently commented on the company. TheStreet cut Group 1 Automotive from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. Wells Fargo & Company upped their price objective on Group 1 Automotive from $65.00 to $85.00 and gave the company a “market perform” rating in a report on Monday. Berenberg Bank assumed coverage on Group 1 Automotive in a report on Wednesday, October 4th. They issued a “hold” rating and a $77.00 price objective on the stock. Zacks Investment Research cut Group 1 Automotive from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 12th. Finally, BidaskClub upgraded Group 1 Automotive from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $77.60.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Capstone Asset Management Co. boosted its holdings in shares of Group 1 Automotive by 0.9% in the 2nd quarter. Capstone Asset Management Co. now owns 7,051 shares of the company’s stock valued at $446,000 after purchasing an additional 60 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Group 1 Automotive by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 10,431 shares of the company’s stock valued at $660,000 after purchasing an additional 100 shares during the last quarter. Texas Permanent School Fund boosted its holdings in shares of Group 1 Automotive by 1.3% in the 2nd quarter. Texas Permanent School Fund now owns 14,579 shares of the company’s stock valued at $923,000 after purchasing an additional 180 shares during the last quarter. Moon Capital Management LLC boosted its holdings in shares of Group 1 Automotive by 0.6% in the 2nd quarter. Moon Capital Management LLC now owns 33,957 shares of the company’s stock valued at $2,150,000 after purchasing an additional 200 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Group 1 Automotive by 17.8% in the 2nd quarter. Victory Capital Management Inc. now owns 1,797 shares of the company’s stock valued at $114,000 after purchasing an additional 271 shares during the last quarter. Institutional investors own 97.67% of the company’s stock.

About Group 1 Automotive

Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts.

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