Group 1 Automotive (NYSE:GPI) Cut to “Strong Sell” at ValuEngine

ValuEngine downgraded shares of Group 1 Automotive (NYSE:GPI) from a sell rating to a strong sell rating in a research note released on Thursday morning, ValuEngine reports.

GPI has been the topic of a number of other research reports. Zacks Investment Research upped their price objective on Group 1 Automotive to $70.75 in a research note on Friday, May 8th. Morgan Stanley upped their price objective on Group 1 Automotive from $84.00 to $87.00 and gave the stock an overweight rating in a research note on Friday, July 10th. JPMorgan Chase & Co. increased their price target on Group 1 Automotive from $94.00 to $95.00 and gave the company an overweight rating in a research note on Wednesday, July 8th. Finally, Benchmark increased their price target on Group 1 Automotive from $79.00 to $100.00 and gave the company a buy rating in a research note on Friday, June 26th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $95.25.

NYSE:GPI traded down $5.85 during trading hours on Thursday, reaching $84.02. 354,382 shares of the stock were exchanged, compared to its average volume of 268,393. Group 1 Automotive has a twelve month low of $26.25 and a twelve month high of $110.11. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.03 and a quick ratio of 0.15. The firm has a 50 day moving average of $70.02 and a 200 day moving average of $70.21. The stock has a market cap of $1.53 billion, a PE ratio of 10.70, a PEG ratio of 3.51 and a beta of 2.22.

Group 1 Automotive (NYSE:GPI) last released its quarterly earnings results on Thursday, July 30th. The company reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $2.86. Group 1 Automotive had a return on equity of 17.34% and a net margin of 1.31%. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.06 billion. Equities research analysts anticipate that Group 1 Automotive will post 7.27 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. Advisor Group Inc. boosted its position in Group 1 Automotive by 373.3% in the fourth quarter. Advisor Group Inc. now owns 1,117 shares of the company’s stock worth $112,000 after purchasing an additional 881 shares during the last quarter. Stifel Financial Corp bought a new position in shares of Group 1 Automotive in the 4th quarter worth approximately $614,000. UBS Asset Management Americas Inc. raised its position in shares of Group 1 Automotive by 25.1% in the 4th quarter. UBS Asset Management Americas Inc. now owns 21,189 shares of the company’s stock worth $2,119,000 after acquiring an additional 4,249 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Group 1 Automotive by 254.1% in the 4th quarter. AQR Capital Management LLC now owns 17,105 shares of the company’s stock worth $1,711,000 after acquiring an additional 12,274 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. bought a new position in shares of Group 1 Automotive in the 4th quarter worth approximately $42,000.

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.

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Analyst Recommendations for Group 1 Automotive (NYSE:GPI)

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