Group 1 Automotive (NYSE:GPI) Earning Somewhat Favorable Media Coverage, Report Finds
News coverage about Group 1 Automotive (NYSE:GPI) has been trending somewhat positive on Sunday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Group 1 Automotive earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.7324187155443 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Westpac Banking Has Trimmed Silicon Motion Technology Co (SIMO) Position; Group 1 Automotive (GPI) Has 0.84 Sentiment (whatsonthorold.com)
- See what the IHS Markit Score report has to say about Group 1 Automotive Inc. (finance.yahoo.com)
- $2.83 Billion in Sales Expected for Group 1 Automotive, Inc. (GPI) This Quarter (americanbankingnews.com)
- Group 1 Automotive Is Still Not Cheap Enough (seekingalpha.com)
- Group 1 Automotive, Inc. :GPI-US: Earnings Analysis: Q2, 2017 By the Numbers : August 7, 2017 (finance.yahoo.com)
Shares of Group 1 Automotive (NYSE:GPI) opened at 56.21 on Friday. Group 1 Automotive has a 1-year low of $54.15 and a 1-year high of $83.18. The company has a market capitalization of $1.13 billion, a PE ratio of 8.64 and a beta of 1.62. The company has a 50 day moving average price of $60.69 and a 200 day moving average price of $68.08.
Group 1 Automotive (NYSE:GPI) last issued 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 for 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%. The business’s revenue was down 4.0% compared to the same quarter last year. During the same period last year, the business posted $2.16 earnings per share. Equities analysts predict that Group 1 Automotive will post $7.10 EPS for the current fiscal year.
Group 1 Automotive declared that its Board of Directors has approved a share buyback program on Friday, May 12th that authorizes the company to buyback $75.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 5.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.
GPI has been the topic of a number of research reports. Zacks Investment Research downgraded Group 1 Automotive from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 12th. BidaskClub downgraded Group 1 Automotive from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. ValuEngine downgraded Group 1 Automotive from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $66.00 price objective (down previously from $75.00) on shares of Group 1 Automotive in a report on Monday, July 17th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $68.50.
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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