Group 1 Automotive, Inc. (GPI) Bond Prices Fall 0.8%

An issue of Group 1 Automotive, Inc. (NYSE:GPI) debt fell 0.8% against its face value during trading on Wednesday. The debt issue has a 5% coupon and is set to mature on June 1, 2022. The debt is now trading at $103.25. Price moves in a company’s debt in credit markets often predict parallel moves in its stock price.

Several analysts have issued reports on the company. Stephens reaffirmed an “equal weight” rating and issued a $87.00 target price (up previously from $83.00) on shares of Group 1 Automotive in a research note on Wednesday, October 4th. KeyCorp reaffirmed a “hold” rating on shares of Group 1 Automotive in a research note on Wednesday, October 4th. Berenberg Bank assumed coverage on Group 1 Automotive in a research note on Wednesday, October 4th. They issued a “hold” rating and a $77.00 target price for the company. Zacks Investment Research lowered Group 1 Automotive from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Finally, Goldman Sachs Group, Inc. (The) raised Group 1 Automotive from a “sell” rating to a “neutral” rating and upped their target price for the stock from $56.00 to $67.00 in a research note on Thursday, September 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $73.80.

Shares of Group 1 Automotive, Inc. (NYSE:GPI) opened at 69.62 on Friday. The stock’s 50 day moving average price is $66.42 and its 200-day moving average price is $63.81. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 10.70 and a beta of 1.63. Group 1 Automotive, Inc. has a 1-year low of $51.62 and a 1-year high of $83.18.

Group 1 Automotive (NYSE:GPI) last announced its earnings results on Thursday, July 27th. The company reported $1.87 EPS for the quarter, missing the Zacks’ consensus estimate of $1.99 by ($0.12). The company had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Group 1 Automotive had a return on equity of 15.73% and a net margin of 1.26%. Group 1 Automotive’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.16 EPS. On average, equities research analysts forecast that Group 1 Automotive, Inc. will post $7.05 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Wednesday, August 30th. Group 1 Automotive’s payout ratio is currently 14.75%.

In related news, CFO John C. Rickel sold 10,000 shares of the business’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $66.99, for a total transaction of $669,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.00% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. bought a new stake in Group 1 Automotive during the 1st quarter valued at $113,000. Riverhead Capital Management LLC raised its position in Group 1 Automotive by 93.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,932 shares of the company’s stock valued at $122,000 after purchasing an additional 932 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in Group 1 Automotive during the 1st quarter valued at $133,000. Invictus RG raised its position in Group 1 Automotive by 435.1% during the 1st quarter. Invictus RG now owns 2,226 shares of the company’s stock valued at $165,000 after purchasing an additional 1,810 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Group 1 Automotive during the 2nd quarter valued at $177,000. Institutional investors own 97.67% of the company’s stock.

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Group 1 Automotive Company Profile

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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