Group 1 Automotive Inc. (GPI) Reaches New 1-Year Low at $47.52
Shares of Group 1 Automotive Inc. (NYSE:GPI) hit a new 52-week low during trading on Tuesday . The company traded as low as $47.52 and last traded at $48.04, with a volume of 159,001 shares traded. The stock had previously closed at $51.11.
A number of analysts recently commented on the company. Zacks Investment Research upgraded Group 1 Automotive from a “sell” rating to a “hold” rating in a report on Friday, April 29th. Evercore ISI raised Group 1 Automotive from a “sell” rating to a “hold” rating in a research report on Wednesday, March 9th. Finally, Morgan Stanley decreased their target price on Group 1 Automotive from $80.00 to $62.00 and set an “underweight” rating for the company in a research report on Wednesday, April 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $88.67.
The company has a market capitalization of $1.08 billion and a P/E ratio of 12.59. The firm’s 50-day moving average is $56.71 and its 200 day moving average is $58.75.
Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings results on Wednesday, April 27th. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.10. During the same quarter in the previous year, the company earned $1.47 EPS. The company earned $2.60 billion during the quarter, compared to analysts’ expectations of $2.61 billion. The business’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts anticipate that Group 1 Automotive Inc. will post $7.42 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were paid a $0.23 dividend. The ex-dividend date was Friday, May 27th. This represents a $0.92 annualized dividend and a dividend yield of 1.88%. This is an increase from Group 1 Automotive’s previous quarterly dividend of $0.22.
Several hedge funds recently bought and sold shares of GPI. Hodges Capital Management Inc. increased its stake in 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. Marshall Wace LLP bought a new stake in Group 1 Automotive during the fourth quarter valued at $6,137,000. Shell Asset Management Co. bought a new stake in Group 1 Automotive during the fourth quarter valued at $1,899,000. Boston Partners increased its stake in 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. Finally, Strs Ohio increased its stake in Group 1 Automotive by 1,116.7% in the fourth quarter. Strs Ohio now owns 14,600 shares of the company’s stock valued at $1,105,000 after buying an additional 13,400 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.