Stephens reissued their hold rating on shares of Group 1 Automotive (NYSE:GPI) in a research note published on Monday. The brokerage currently has a $88.00 price objective on the stock.

Other equities analysts have also issued reports about the company. 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 report on Friday, January 5th. Bank of America raised their price target on Group 1 Automotive from $103.00 to $105.00 and gave the stock a buy rating in a report on Friday, February 9th. ValuEngine lowered Group 1 Automotive from a buy rating to a hold rating in a report on Tuesday, March 20th. Zacks Investment Research lowered Group 1 Automotive from a strong-buy rating to a hold rating in a report on Thursday, March 22nd. Finally, Morgan Stanley raised their price target on Group 1 Automotive from $53.00 to $62.00 and gave the stock an underweight rating in a report on Wednesday, March 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $83.13.

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Shares of NYSE GPI opened at $63.62 on Monday. Group 1 Automotive has a 1-year low of $51.62 and a 1-year high of $84.47. The firm has a market cap of $1,285.22, a price-to-earnings ratio of 8.23, a PEG ratio of 1.01 and a beta of 1.75. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.06 and a quick ratio of 0.26.

Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings results on Thursday, February 8th. The company reported $2.11 EPS for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.24. Group 1 Automotive had a return on equity of 15.85% and a net margin of 1.89%. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same period last year, the company earned $1.74 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. analysts anticipate that Group 1 Automotive will post 8.66 earnings per share for the current year.

In related news, CEO Earl J. Hesterberg sold 28,519 shares of Group 1 Automotive stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $80.06, for a total transaction of $2,283,231.14. Following the completion of the sale, the chief executive officer now owns 108,440 shares of the company’s stock, valued at $8,681,706.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.08% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Group 1 Automotive by 5.5% during the fourth quarter. BlackRock Inc. now owns 2,606,030 shares of the company’s stock valued at $184,949,000 after buying an additional 135,710 shares during the period. Amalgamated Bank bought a new stake in Group 1 Automotive during the fourth quarter valued at $203,000. Ellington Management Group LLC bought a new stake in Group 1 Automotive during the fourth quarter valued at $284,000. James Investment Research Inc. bought a new stake in Group 1 Automotive during the fourth quarter valued at $2,437,000. Finally, OxFORD Asset Management LLP boosted its stake in Group 1 Automotive by 174.8% during the third quarter. OxFORD Asset Management LLP now owns 18,334 shares of the company’s stock valued at $1,304,000 after buying an additional 11,663 shares during the period.

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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.

Analyst Recommendations for Group 1 Automotive (NYSE:GPI)

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