Group 1 Automotive (NYSE:GPI – Get Free Report) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday,Zacks.com reports.
GPI has been the topic of a number of other reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $300.00 target price (down from $400.00) on shares of Group 1 Automotive in a research report on Friday, August 7th. UBS Group decreased their price target on shares of Group 1 Automotive from $338.00 to $330.00 and set a “neutral” rating for the company in a research report on Friday, July 10th. Evercore set a $360.00 price target on shares of Group 1 Automotive in a research note on Tuesday, August 4th. Citigroup upped their price target on shares of Group 1 Automotive from $420.00 to $462.00 and gave the company a “buy” rating in a report on Monday, May 11th. Finally, JPMorgan Chase & Co. downgraded shares of Group 1 Automotive from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $380.00 to $320.00 in a research note on Friday, July 31st. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $400.22.
Check Out Our Latest Analysis on Group 1 Automotive
Group 1 Automotive Stock Up 0.2%
Group 1 Automotive (NYSE:GPI – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $9.61 EPS for the quarter, missing analysts’ consensus estimates of $10.60 by ($0.99). Group 1 Automotive had a net margin of 1.31% and a return on equity of 15.66%. The business had revenue of $5.39 billion during the quarter, compared to analysts’ expectations of $5.66 billion. During the same period in the prior year, the company posted $10.82 EPS. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. As a group, equities analysts anticipate that Group 1 Automotive will post 39.37 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of GPI. Signaturefd LLC boosted its holdings in shares of Group 1 Automotive by 54.9% in the 4th quarter. Signaturefd LLC now owns 79 shares of the company’s stock valued at $31,000 after buying an additional 28 shares during the period. First Horizon Corp grew its position in shares of Group 1 Automotive by 881.8% during the 4th quarter. First Horizon Corp now owns 108 shares of the company’s stock valued at $42,000 after buying an additional 97 shares during the last quarter. Torren Management LLC acquired a new stake in Group 1 Automotive during the fourth quarter worth about $43,000. Assetmark Inc. raised its stake in Group 1 Automotive by 40.5% during the fourth quarter. Assetmark Inc. now owns 118 shares of the company’s stock worth $46,000 after acquiring an additional 34 shares during the period. Finally, Johnson Financial Group Inc. bought a new position in Group 1 Automotive in the third quarter worth about $55,000. 99.92% of the stock is currently owned by institutional investors.
About Group 1 Automotive
Group 1 Automotive, Inc (NYSE: GPI) is an international automotive retailer headquartered in Houston, Texas. The company operates an extensive network of franchised dealerships, offering new and pre-owned vehicles from leading domestic and import manufacturers. In addition to vehicle sales, Group 1 Automotive provides a full complement of aftersales services, including finance and insurance products, parts distribution, collision repair centers and vehicle maintenance.
Founded in 1997, Group 1 Automotive has grown through both organic expansion and strategic acquisitions to establish a presence across the United States, the United Kingdom and Brazil.
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