Group 1 Automotive, Inc. (NYSE:GPI - Get Free Report) Director Steven Mizell sold 550 shares of the firm's stock in a transaction on Friday, October 30th. The stock was sold at an average price of $260.52, for a total value of $143,286.00. Following the transaction, the director owned 33 shares of the company's stock, valued at approximately $8,597.16. This represents a 94.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Group 1 Automotive Trading Up 0.2%
Shares of NYSE GPI opened at $260.61 on Friday. Group 1 Automotive, Inc. has a twelve month low of $224.65 and a twelve month high of $429.00. The company has a current ratio of 1.02, a quick ratio of 0.25 and a debt-to-equity ratio of 1.03. The stock has a fifty day simple moving average of $254.61 and a 200-day simple moving average of $307.43. The stock has a market capitalization of $3.11 billion, a PE ratio of 7.20, a PEG ratio of 1.61 and a beta of 0.92.
Group 1 Automotive (NYSE:GPI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $9.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.50 by ($0.14). Group 1 Automotive had a net margin of 1.75% and a return on equity of 15.18%. The firm had revenue of $5.40 billion during the quarter, compared to analysts' expectations of $5.58 billion. During the same quarter in the prior year, the firm posted $10.45 EPS. Group 1 Automotive's quarterly revenue was down 6.7% compared to the same quarter last year. On average, equities analysts forecast that Group 1 Automotive, Inc. will post 37.34 earnings per share for the current year.
Group 1 Automotive Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.55 per share. The ex-dividend date was Tuesday, September 1st. This represents a $2.20 dividend on an annualized basis and a yield of 0.8%. Group 1 Automotive's dividend payout ratio is 6.96%.
Group 1 Automotive News Roundup
Here are the key news stories impacting Group 1 Automotive this week:
- Positive Sentiment: Barclays lowered its price target from $320 to $300 but maintained an overweight rating, implying meaningful upside from recent levels. The revised target suggests the firm still expects Group 1 Automotive’s valuation and operating performance to improve. Barclays stock recommendation
- Positive Sentiment: Some investors are refocusing on GPI’s potentially undervalued profile after the earnings report. The company remains profitable and trades at a relatively low earnings multiple, which could support the stock if automotive demand and margins stabilize. Group 1 Automotive Q3 results
- Neutral Sentiment: UBS reduced its price target from $271 to $259 and retained a neutral rating, signaling limited near-term upside at the current valuation. UBS Group stock recommendation
- Neutral Sentiment: New disclosures about the stockholder agreement with Conifer highlight potential governance, capital-allocation and shareholder-activism risks. The agreement may influence future strategic decisions but does not yet represent a direct change to operations. Conifer stockholder agreement analysis
- Negative Sentiment: Third-quarter EPS of $9.36 missed the $9.50 consensus, while revenue of $5.40 billion fell short of expectations and declined 6.7% year over year. EPS also decreased from $10.45 in the prior-year quarter, reinforcing concerns about slowing sales and profitability. Group 1 Automotive Q3 results and margins
- Negative Sentiment: Director Steven Mizell sold 550 shares for approximately $143,286, leaving him with only 33 shares. Separately, SVP Gillian Hobson sold 2,000 shares worth about $516,480, reducing her holdings by roughly 21%. The sales may weigh on sentiment, although they do not necessarily indicate deteriorating fundamentals. Group 1 Automotive insider sale filing
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of GPI. Provenance Wealth Advisors LLC acquired a new stake in Group 1 Automotive in the 3rd quarter valued at about $167,000. Garner Asset Management Corp purchased a new position in shares of Group 1 Automotive in the 3rd quarter valued at about $1,537,000. Salomon & Ludwin LLC boosted its stake in shares of Group 1 Automotive by 445.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 131 shares of the company's stock valued at $31,000 after buying an additional 107 shares during the period. Leeward Investments LLC MA grew its position in shares of Group 1 Automotive by 7.8% during the third quarter. Leeward Investments LLC MA now owns 57,283 shares of the company's stock worth $13,773,000 after buying an additional 4,150 shares in the last quarter. Finally, Sage Private Wealth Group LLC acquired a new position in shares of Group 1 Automotive during the third quarter worth about $366,000. 99.92% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on GPI. DA Davidson set a $425.00 price target on shares of Group 1 Automotive in a research report on Friday, July 10th. KeyCorp set a $425.00 target price on shares of Group 1 Automotive in a research note on Wednesday, October 7th. Seaport Research Partners set a $420.00 target price on shares of Group 1 Automotive in a research note on Monday, August 3rd. JPMorgan Chase & Co. reduced their target price on shares of Group 1 Automotive from $275.00 to $260.00 and set a "neutral" rating on the stock in a report on Tuesday, October 6th. Finally, Zacks Research cut shares of Group 1 Automotive from a "hold" rating to a "strong sell" rating in a research report on Monday, August 10th. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $338.11.
Get Our Latest Report on Group 1 Automotive
About Group 1 Automotive
(
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Group 1 Automotive, Inc is an international automotive retailer headquartered in Houston, Texas. The company operates dealerships that sell new and used automobiles and light trucks from a broad range of manufacturers.
In addition to vehicle sales, Group 1 Automotive provides automotive financing and insurance products, vehicle maintenance and repair, collision services, replacement parts, and other related services. Its dealerships also market vehicles through digital retailing platforms.
Founded in 1997, Group 1 Automotive serves customers through a network of dealerships and automotive service locations in the United States, the United Kingdom, and Brazil.
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