Insider Selling: Group 1 Automotive, Inc. (GPI) CFO Sells 10,000 Shares of Stock

Group 1 Automotive, Inc. (NYSE:GPI) CFO John C. Rickel sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $81.00, for a total value of $810,000.00. Following the sale, the chief financial officer now owns 123,470 shares in the company, valued at approximately $10,001,070. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

John C. Rickel also recently made the following trade(s):

  • On Friday, October 27th, John C. Rickel sold 20,000 shares of Group 1 Automotive stock. The shares were sold at an average price of $80.00, for a total value of $1,600,000.00.
  • On Thursday, September 21st, John C. Rickel sold 10,000 shares of Group 1 Automotive stock. The shares were sold at an average price of $66.99, for a total value of $669,900.00.

Shares of Group 1 Automotive, Inc. (NYSE GPI) traded up $0.77 during trading hours on Friday, hitting $80.39. The stock had a trading volume of 100,900 shares, compared to its average volume of 261,373. The company has a quick ratio of 0.27, a current ratio of 1.05 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $1,680.00, a PE ratio of 10.80, a P/E/G ratio of 1.53 and a beta of 1.68. Group 1 Automotive, Inc. has a 52-week low of $51.62 and a 52-week high of $84.47.

Group 1 Automotive (NYSE:GPI) last posted its earnings results on Thursday, October 26th. The company reported $2.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.76 by $0.47. The company had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Group 1 Automotive had a return on equity of 15.69% and a net margin of 1.20%. Group 1 Automotive’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the firm earned $1.96 earnings per share. research analysts expect that Group 1 Automotive, Inc. will post 7.41 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from Group 1 Automotive’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 1.24%. Group 1 Automotive’s dividend payout ratio (DPR) is presently 15.80%.

A number of research analysts have recently issued reports on GPI shares. TheStreet cut Group 1 Automotive from a “b-” rating to a “c+” rating in a research note on Thursday, August 17th. Stephens reaffirmed an “equal weight” rating and set a $87.00 price objective (up from $83.00) on shares of Group 1 Automotive in a research note on Wednesday, October 4th. KeyCorp reaffirmed a “hold” rating on shares of Group 1 Automotive in a research note on Wednesday, October 4th. Berenberg Bank started coverage on Group 1 Automotive in a research note on Wednesday, October 4th. They set a “hold” rating and a $77.00 price objective on the stock. Finally, Zacks Investment Research raised Group 1 Automotive from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. Group 1 Automotive has a consensus rating of “Hold” and an average target price of $79.00.

Several hedge funds and other institutional investors have recently bought and sold shares of GPI. Teachers Advisors LLC grew its stake in shares of Group 1 Automotive by 2.7% in the first quarter. Teachers Advisors LLC now owns 36,749 shares of the company’s stock worth $2,722,000 after purchasing an additional 983 shares during the last quarter. US Bancorp DE grew its stake in shares of Group 1 Automotive by 19.2% in the second quarter. US Bancorp DE now owns 5,595 shares of the company’s stock worth $354,000 after purchasing an additional 900 shares during the last quarter. Strs Ohio grew its stake in shares of Group 1 Automotive by 10.1% in the second quarter. Strs Ohio now owns 15,200 shares of the company’s stock worth $962,000 after purchasing an additional 1,400 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its stake in shares of Group 1 Automotive by 147.9% in the second quarter. Municipal Employees Retirement System of Michigan now owns 11,230 shares of the company’s stock worth $711,000 after purchasing an additional 6,700 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in shares of Group 1 Automotive by 3.2% in the second quarter. Great West Life Assurance Co. Can now owns 29,006 shares of the company’s stock worth $1,836,000 after purchasing an additional 900 shares during the last quarter. 97.58% of the stock is currently owned by institutional investors.

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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.

Insider Buying and Selling by Quarter for Group 1 Automotive (NYSE:GPI)

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