$2.72 Earnings Per Share Expected for Group 1 Automotive, Inc. (NYSE:GPI) This Quarter

Equities analysts expect Group 1 Automotive, Inc. (NYSE:GPI) to post earnings per share of $2.72 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Group 1 Automotive’s earnings. The highest EPS estimate is $2.82 and the lowest is $2.64. Group 1 Automotive reported earnings per share of $2.31 in the same quarter last year, which would suggest a positive year-over-year growth rate of 17.7%. The company is expected to announce its next earnings results on Tuesday, February 4th.

On average, analysts expect that Group 1 Automotive will report full-year earnings of $10.60 per share for the current year, with EPS estimates ranging from $10.53 to $10.73. For the next year, analysts forecast that the company will report earnings of $11.24 per share, with EPS estimates ranging from $10.65 to $12.38. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that follow Group 1 Automotive.

Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings results on Thursday, October 24th. The company reported $3.02 EPS for the quarter, topping the consensus estimate of $2.72 by $0.30. The firm had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $2.95 billion. Group 1 Automotive had a net margin of 1.31% and a return on equity of 16.48%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $2.47 earnings per share.

Several research analysts have commented on the stock. Morgan Stanley lifted their price target on shares of Group 1 Automotive from $105.00 to $128.00 and gave the stock an “overweight” rating in a research note on Thursday. Stephens set a $110.00 price target on shares of Group 1 Automotive and gave the stock a “buy” rating in a research note on Friday, October 25th. Buckingham Research set a $102.00 price target on shares of Group 1 Automotive and gave the stock a “hold” rating in a research note on Friday, October 25th. Zacks Investment Research raised shares of Group 1 Automotive from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. set a $107.00 price target on shares of Group 1 Automotive and gave the stock a “buy” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $105.33.

Shares of GPI stock traded down $0.46 during trading hours on Thursday, hitting $101.39. 90,290 shares of the company’s stock were exchanged, compared to its average volume of 177,225. The company has a market capitalization of $1.89 billion, a PE ratio of 11.38, a PEG ratio of 1.63 and a beta of 1.77. Group 1 Automotive has a 12-month low of $48.69 and a 12-month high of $108.99. The business’s 50 day simple moving average is $94.31 and its 200-day simple moving average is $83.29. The company has a current ratio of 1.00, a quick ratio of 0.25 and a debt-to-equity ratio of 1.27.

In related news, CFO John C. Rickel sold 10,000 shares of Group 1 Automotive stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $88.22, for a total value of $882,200.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Darryl M. Burman sold 10,051 shares of Group 1 Automotive stock in a transaction on Friday, September 13th. The stock was sold at an average price of $87.58, for a total transaction of $880,266.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,258 shares of company stock worth $7,750,084. 6.00% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of GPI. Denali Advisors LLC increased its stake in shares of Group 1 Automotive by 233.3% in the second quarter. Denali Advisors LLC now owns 3,000 shares of the company’s stock worth $246,000 after buying an additional 2,100 shares during the period. Crossmark Global Holdings Inc. increased its position in Group 1 Automotive by 2.3% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 8,721 shares of the company’s stock valued at $714,000 after purchasing an additional 200 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in Group 1 Automotive during the 2nd quarter valued at $403,000. Moon Capital Management LLC increased its position in Group 1 Automotive by 1.8% during the 2nd quarter. Moon Capital Management LLC now owns 31,295 shares of the company’s stock valued at $2,563,000 after purchasing an additional 565 shares during the period. Finally, Foundry Partners LLC increased its position in Group 1 Automotive by 11.0% during the 2nd quarter. Foundry Partners LLC now owns 175,567 shares of the company’s stock valued at $14,377,000 after purchasing an additional 17,350 shares during the period.

About Group 1 Automotive

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks, and vehicle parts, as well as service insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. It has operations primarily in the metropolitan areas in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 32 towns in the United Kingdom; and metropolitan markets in the states of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.

Read More: Dividend Aristocrat Index

Get a free copy of the Zacks research report on Group 1 Automotive (GPI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Group 1 Automotive (NYSE:GPI)

Receive News & Ratings for Group 1 Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Group 1 Automotive and related companies with MarketBeat.com's FREE daily email newsletter.