Group 1 Automotive, Inc. (NYSE:GPI) VP Darryl M. Burman Sells 5,000 Shares

Group 1 Automotive, Inc. (NYSE:GPI) VP Darryl M. Burman sold 5,000 shares of Group 1 Automotive stock in a transaction on Monday, November 22nd. The stock was sold at an average price of $204.89, for a total value of $1,024,450.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Group 1 Automotive stock opened at $204.29 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.69 and a current ratio of 1.50. The stock has a fifty day moving average of $192.80 and a two-hundred day moving average of $173.00. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 6.67, a PEG ratio of 0.49 and a beta of 1.76. Group 1 Automotive, Inc. has a fifty-two week low of $115.19 and a fifty-two week high of $211.79.

Group 1 Automotive (NYSE:GPI) last released its quarterly earnings results on Wednesday, October 27th. The company reported $9.62 earnings per share for the quarter, topping the consensus estimate of $9.09 by $0.53. The company had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.41 billion. Group 1 Automotive had a return on equity of 33.92% and a net margin of 4.23%. Group 1 Automotive’s revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the business posted $6.97 earnings per share. On average, analysts forecast that Group 1 Automotive, Inc. will post 33.84 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Wednesday, December 1st will be given a dividend of $0.35 per share. This is an increase from Group 1 Automotive’s previous quarterly dividend of $0.34. The ex-dividend date is Tuesday, November 30th. This represents a $1.40 annualized dividend and a yield of 0.69%. Group 1 Automotive’s dividend payout ratio (DPR) is presently 4.44%.

Several equities analysts recently issued reports on GPI shares. Zacks Investment Research cut Group 1 Automotive from a “strong-buy” rating to a “hold” rating and set a $201.00 price objective for the company. in a report on Monday, October 11th. Morgan Stanley reduced their price objective on Group 1 Automotive from $206.00 to $200.00 and set an “equal weight” rating for the company in a report on Wednesday, November 17th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $229.20.

A number of institutional investors have recently added to or reduced their stakes in GPI. Koshinski Asset Management Inc. purchased a new position in Group 1 Automotive during the third quarter worth $42,000. First Horizon Advisors Inc. grew its position in shares of Group 1 Automotive by 4,862.5% in the third quarter. First Horizon Advisors Inc. now owns 1,191 shares of the company’s stock valued at $72,000 after purchasing an additional 1,167 shares during the period. Islay Capital Management LLC purchased a new stake in shares of Group 1 Automotive in the second quarter valued at $100,000. William Blair Investment Management LLC purchased a new stake in shares of Group 1 Automotive in the second quarter valued at $113,000. Finally, Dark Forest Capital Management LP purchased a new stake in shares of Group 1 Automotive in the second quarter valued at $149,000. 97.14% of the stock is owned by institutional investors.

About Group 1 Automotive

Group 1 Automotive, Inc engages in the automotive retailing industry. The firm operates through the following geographical segments: U.S, the UK, and Brazil. It also sells new and used cars and light trucks, arranges related vehicle financing, sells service contracts, provides automotive maintenance and repair services, and sells vehicle parts.

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