Equities research analysts forecast that Group 1 Automotive, Inc. (NYSE:GPI) will report earnings of $1.87 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Group 1 Automotive’s earnings, with the highest EPS estimate coming in at $2.02 and the lowest estimate coming in at $1.72. Group 1 Automotive posted earnings of $1.74 per share during the same quarter last year, which suggests a positive year over year growth rate of 7.5%. The company is expected to report its next quarterly earnings results before the market opens on Thursday, February 8th.

According to Zacks, analysts expect that Group 1 Automotive will report full-year earnings of $7.53 per share for the current fiscal year, with EPS estimates ranging from $7.34 to $7.67. For the next financial year, analysts expect that the business will report earnings of $8.16 per share, with EPS estimates ranging from $7.29 to $8.94. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Group 1 Automotive.

Group 1 Automotive (NYSE:GPI) last issued its earnings results on Thursday, February 8th. The company reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.23. Group 1 Automotive had a return on equity of 15.69% and a net margin of 1.20%. The business had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter in the prior year, the firm earned $1.74 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year.

GPI has been the subject of a number of recent research reports. Zacks Investment Research raised Group 1 Automotive from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Wells Fargo & Co increased their price target on Group 1 Automotive from $65.00 to $85.00 and gave the company a “market perform” rating in a research note on Monday, October 30th. Finally, Buckingham Research raised Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $89.00 price target for the company in a research note on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Group 1 Automotive currently has a consensus rating of “Hold” and an average price target of $82.83.

In other news, CEO Earl J. Hesterberg sold 2,000 shares of the stock in a transaction dated Saturday, December 29th. The stock was sold at an average price of $72.38, for a total value of $144,760.00. Following the completion of the sale, the chief executive officer now owns 139,065 shares of the company’s stock, valued at $10,065,524.70. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Earl J. Hesterberg sold 10,640 shares of the stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $74.44, for a total value of $792,041.60. Following the completion of the sale, the chief executive officer now directly owns 165,010 shares of the company’s stock, valued at approximately $12,283,344.40. The disclosure for this sale can be found here. In the last three months, insiders sold 167,398 shares of company stock valued at $12,974,458. Insiders own 6.08% of the company’s stock.

Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in Group 1 Automotive during the fourth quarter worth approximately $119,000. Riverhead Capital Management LLC grew its stake in Group 1 Automotive by 93.2% during the second quarter. Riverhead Capital Management LLC now owns 1,932 shares of the company’s stock worth $122,000 after purchasing an additional 932 shares during the period. Trilogy Capital Inc. acquired a new stake in Group 1 Automotive during the fourth quarter worth approximately $206,000. Quantitative Systematic Strategies LLC acquired a new stake in Group 1 Automotive during the third quarter worth approximately $215,000. Finally, Eqis Capital Management Inc. acquired a new stake in Group 1 Automotive during the third quarter worth approximately $232,000. 97.57% of the stock is owned by institutional investors.

Shares of Group 1 Automotive (NYSE:GPI) traded up $3.08 on Friday, reaching $75.93. The company’s stock had a trading volume of 592,751 shares, compared to its average volume of 232,918. Group 1 Automotive has a fifty-two week low of $51.62 and a fifty-two week high of $84.47. The company has a current ratio of 1.05, a quick ratio of 0.27 and a debt-to-equity ratio of 1.28. The firm has a market cap of $1,489.33, a PE ratio of 11.58, a PEG ratio of 1.25 and a beta of 1.70.

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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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