Group 1 Automotive Inc. (GPI) Stock Price Up 5.1%
Group 1 Automotive Inc. (NYSE:GPI) rose 5.1% on Friday . The stock traded as high as $51.93 and last traded at $51.86, with a volume of 121,717 shares traded. The stock had previously closed at $49.34.
GPI has been the subject of several research analyst reports. Morgan Stanley dropped their price objective on Group 1 Automotive from $80.00 to $62.00 and set an “underweight” rating for the company in a report on Wednesday, April 13th. Zacks Investment Research upgraded Group 1 Automotive from a “sell” rating to a “hold” rating in a report on Friday, April 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $88.67.
The stock has a market capitalization of $1.15 billion and a P/E ratio of 13.40. The company’s 50-day moving average price is $56.21 and its 200-day moving average price is $58.52.
Group 1 Automotive (NYSE:GPI) last posted its earnings results on Wednesday, April 27th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.10. During the same quarter in the prior year, the firm posted $1.47 earnings per share. The firm earned $2.60 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Group 1 Automotive’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts expect that Group 1 Automotive Inc. will post $7.42 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st were paid a dividend of $0.23 per share. The ex-dividend date was Friday, May 27th. This is a boost from Group 1 Automotive’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 1.77%.
A number of large investors recently modified their holdings of the company. Hodges Capital Management Inc. boosted its stake in shares of Group 1 Automotive by 33.2% in the fourth quarter. Hodges Capital Management Inc. now owns 488,515 shares of the company’s stock valued at $36,981,000 after buying an additional 121,695 shares during the last quarter. Boston Partners boosted its stake in shares of Group 1 Automotive by 5.7% in the fourth quarter. Boston Partners now owns 340,605 shares of the company’s stock valued at $25,784,000 after buying an additional 18,491 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Group 1 Automotive by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 152,893 shares of the company’s stock valued at $11,574,000 after buying an additional 4,012 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Group 1 Automotive during the fourth quarter valued at $6,137,000. Finally, California State Teachers Retirement System boosted its stake in shares of Group 1 Automotive by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 43,275 shares of the company’s stock valued at $3,276,000 after buying an additional 753 shares during the last quarter.
Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company 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. The Company operates through three segments: the U.S., which includes the activities of its corporate office, the U.K.
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