Group 1 Automotive, Inc. (NYSE:GPI) insider Daryl Kenningham sold 6,700 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $78.68, for a total value of $527,156.00. Following the sale, the insider now directly owns 42,130 shares of the company’s stock, valued at $3,314,788.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Group 1 Automotive, Inc. (GPI) opened at 78.57 on Wednesday. Group 1 Automotive, Inc. has a one year low of $51.62 and a one year high of $83.18. The stock’s 50 day moving average price is $70.78 and its 200 day moving average price is $64.06. The stock has a market capitalization of $1.58 billion, a P/E ratio of 12.08 and a beta of 1.63.

Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings results on Thursday, October 26th. The company reported $2.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.76 by $0.47. Group 1 Automotive had a return on equity of 15.69% and a net margin of 1.20%. The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the company earned $1.96 EPS. The firm’s revenue was up 6.7% on a year-over-year basis. On average, analysts forecast that Group 1 Automotive, Inc. will post $7.28 EPS for the current year.

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GPI has been the subject of several analyst reports. Berenberg Bank initiated coverage on Group 1 Automotive in a report on Wednesday, October 4th. They set a “hold” rating and a $77.00 target price for the company. ValuEngine downgraded Group 1 Automotive from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. KeyCorp reaffirmed a “hold” rating on shares of Group 1 Automotive in a report on Wednesday, October 4th. Stephens reaffirmed an “equal weight” rating and set a $87.00 target price (up from $83.00) on shares of Group 1 Automotive in a report on Wednesday, October 4th. Finally, Zacks Investment Research downgraded Group 1 Automotive from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 12th. One investment 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 stock has an average rating of “Hold” and a consensus price target of $77.60.

Hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. bought a new position in Group 1 Automotive during the first quarter worth about $113,000. Riverhead Capital Management LLC lifted its holdings in Group 1 Automotive by 93.2% during the second quarter. Riverhead Capital Management LLC now owns 1,932 shares of the company’s stock worth $122,000 after acquiring an additional 932 shares in the last quarter. Paloma Partners Management Co bought a new position in Group 1 Automotive during the first quarter worth about $200,000. SG Americas Securities LLC bought a new position in Group 1 Automotive during the second quarter worth about $177,000. Finally, Quantitative Systematic Strategies LLC bought a new position in Group 1 Automotive during the third quarter worth about $215,000. Hedge funds and other 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.

Insider Buying and Selling by Quarter for Group 1 Automotive (NYSE:GPI)

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