Group 1 Automotive, Inc. (NYSE:GPI – Get Free Report) major shareholder Conifer Management, L.L.C. bought 50,532 shares of the company’s stock in a transaction dated Friday, September 25th. The shares were acquired at an average price of $252.06 per share, for a total transaction of $12,737,095.92. Following the acquisition, the insider owned 1,638,578 shares in the company, valued at approximately $413,019,970.68. This represents a 3.18% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Conifer Management, L.L.C. also recently made the following trade(s):
- On Monday, September 28th, Conifer Management, L.L.C. purchased 133,472 shares of Group 1 Automotive stock. The shares were acquired at an average cost of $243.58 per share, with a total value of $32,511,109.76.
- On Wednesday, September 30th, Conifer Management, L.L.C. acquired 71,592 shares of Group 1 Automotive stock. The stock was acquired at an average price of $242.03 per share, for a total transaction of $17,327,411.76.
- On Tuesday, September 29th, Conifer Management, L.L.C. purchased 68,648 shares of Group 1 Automotive stock. The shares were bought at an average price of $239.48 per share, with a total value of $16,439,823.04.
- On Thursday, September 24th, Conifer Management, L.L.C. acquired 75,756 shares of Group 1 Automotive stock. The shares were purchased at an average price of $248.00 per share, with a total value of $18,787,488.00.
- On Friday, September 18th, Conifer Management, L.L.C. bought 37,650 shares of Group 1 Automotive stock. The stock was purchased at an average price of $249.88 per share, for a total transaction of $9,407,982.00.
- On Thursday, September 17th, Conifer Management, L.L.C. purchased 28,000 shares of Group 1 Automotive stock. The shares were purchased at an average price of $266.06 per share, for a total transaction of $7,449,680.00.
- On Thursday, September 10th, Conifer Management, L.L.C. purchased 36,647 shares of Group 1 Automotive stock. The shares were purchased at an average cost of $280.86 per share, with a total value of $10,292,676.42.
- On Wednesday, September 9th, Conifer Management, L.L.C. acquired 47,353 shares of Group 1 Automotive stock. The stock was acquired at an average cost of $282.48 per share, for a total transaction of $13,376,275.44.
- On Friday, September 4th, Conifer Management, L.L.C. bought 57,159 shares of Group 1 Automotive stock. The shares were acquired at an average price of $300.15 per share, for a total transaction of $17,156,273.85.
- On Thursday, September 3rd, Conifer Management, L.L.C. purchased 83,121 shares of Group 1 Automotive stock. The stock was acquired at an average price of $282.63 per share, with a total value of $23,492,488.23.
Group 1 Automotive Trading Up 0.3%
Shares of NYSE:GPI opened at $241.54 on Thursday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.02 and a quick ratio of 0.25. Group 1 Automotive, Inc. has a 1 year low of $235.11 and a 1 year high of $461.27. The company has a market cap of $2.88 billion, a P/E ratio of 10.06, a PEG ratio of 0.73 and a beta of 0.82. The stock’s fifty day moving average price is $275.01 and its 200-day moving average price is $305.30.
Group 1 Automotive Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a $0.55 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.9%. Group 1 Automotive’s payout ratio is currently 9.16%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of GPI. WINTON GROUP Ltd purchased a new stake in shares of Group 1 Automotive during the 4th quarter worth approximately $5,167,000. Norges Bank bought a new stake in Group 1 Automotive in the fourth quarter worth $98,125,000. BlackRock Inc. purchased a new stake in Group 1 Automotive during the second quarter valued at $593,420,000. Allspring Global Investments Holdings LLC lifted its position in Group 1 Automotive by 51.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 78,794 shares of the company’s stock valued at $26,064,000 after purchasing an additional 26,822 shares during the last quarter. Finally, Sei Investments Co. lifted its position in Group 1 Automotive by 75.1% during the first quarter. Sei Investments Co. now owns 12,264 shares of the company’s stock valued at $4,054,000 after purchasing an additional 5,262 shares during the last quarter. Hedge funds and other institutional investors own 99.92% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on GPI. UBS Group dropped their target price on shares of Group 1 Automotive from $338.00 to $330.00 and set a “neutral” rating on the stock in a report on Friday, July 10th. Evercore set a $360.00 target price on shares of Group 1 Automotive in a research note on Tuesday, August 4th. Citigroup lowered their price target on Group 1 Automotive from $387.00 to $357.00 and set a “buy” rating on the stock in a report on Monday. Weiss Ratings downgraded Group 1 Automotive from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, August 17th. Finally, JPMorgan Chase & Co. lowered Group 1 Automotive from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $380.00 to $320.00 in a report on Friday, July 31st. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Group 1 Automotive presently has a consensus rating of “Hold” and an average price target of $360.25.
Check Out Our Latest Stock Analysis on GPI
Trending Headlines about Group 1 Automotive
Here are the key news stories impacting Group 1 Automotive this week:
- Positive Sentiment: Conifer Management purchased 133,472 GPI shares for approximately $32.5 million on September 28, followed by purchases of 68,648 shares worth $16.4 million on September 29 and 71,592 shares worth $17.3 million on September 30. The transactions increased Conifer’s reported ownership to approximately 1.91 million shares. SEC insider transaction filing
- Positive Sentiment: The purchases extend a sustained buying campaign by Conifer, which has acquired more than $180 million of GPI stock in disclosed transactions since early September. Such concentrated buying by a major shareholder can signal confidence that the shares are undervalued or that the company’s long-term outlook is attractive. Conifer Management insider buying report
- Neutral Sentiment: Sell-side analysts currently have a consensus “Hold” rating. Five analysts rate GPI a Buy, three rate it Hold and two rate it Sell. The consensus price target of $360.25 implies substantial potential upside, but recent target reductions and cautious ratings indicate limited near-term conviction. Analyst Hold rating report
- Negative Sentiment: Recent quarterly results missed expectations: EPS was $9.61 versus the $10.60 consensus estimate, while revenue of $5.39 billion fell short of the $5.66 billion forecast and declined 5.6% year over year. EPS also decreased from $10.82 in the prior-year quarter, highlighting pressure on automotive demand and profitability.
- Negative Sentiment: Several firms have downgraded or lowered their outlook, including Zacks Research and Weiss Ratings, while Morgan Stanley reduced its price target to $300. These actions reinforce concerns about earnings momentum despite GPI’s relatively low valuation.
Group 1 Automotive Company Profile
Group 1 Automotive, Inc is an international automotive retailer that operates franchised automobile dealerships. The company sells new and used vehicles from a range of manufacturers and provides related automotive services, including vehicle maintenance and repairs, parts and accessories, financing, and insurance products.
Founded in 1997 and headquartered in Houston, Texas, Group 1 Automotive serves customers through dealership operations in the United States and the United Kingdom, as well as other international markets.
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