Equities analysts expect Group 1 Automotive, Inc. (NYSE:GPI) to announce sales of $2.62 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Group 1 Automotive’s earnings. The lowest sales estimate is $2.60 billion and the highest is $2.65 billion. Group 1 Automotive posted sales of $2.52 billion in the same quarter last year, which would indicate a positive year over year growth rate of 4%. The company is expected to issue its next quarterly earnings report on Friday, April 27th.
On average, analysts expect that Group 1 Automotive will report full-year sales of $2.62 billion for the current financial year, with estimates ranging from $10.87 billion to $11.45 billion. For the next year, analysts expect that the company will post sales of $11.39 billion per share, with estimates ranging from $10.75 billion to $11.88 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Group 1 Automotive.
Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings data on Thursday, February 8th. The company reported $2.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.24. The company had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Group 1 Automotive had a return on equity of 15.85% and a net margin of 1.89%. The business’s revenue was up 9.2% on a year-over-year basis. During the same period last year, the business earned $1.74 earnings per share.
A number of research analysts recently issued reports on GPI shares. Zacks Investment Research raised Group 1 Automotive from a “hold” rating to a “strong-buy” rating and set a $92.00 price target for the company in a report on Wednesday, January 31st. Buckingham Research raised Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $89.00 price target for the company in a report on Friday, January 5th. Bank of America lifted their price target on Group 1 Automotive from $103.00 to $105.00 and gave the company a “buy” rating in a report on Friday, February 9th. Finally, Morgan Stanley lifted their price target on Group 1 Automotive from $53.00 to $62.00 and gave the company an “underweight” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $83.00.
Group 1 Automotive (NYSE:GPI) traded down $0.68 during trading on Friday, hitting $74.05. The company had a trading volume of 140,631 shares, compared to its average volume of 266,738. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.06 and a quick ratio of 0.26. Group 1 Automotive has a fifty-two week low of $51.62 and a fifty-two week high of $84.47. The company has a market capitalization of $1,540.00, a PE ratio of 11.31, a price-to-earnings-growth ratio of 1.18 and a beta of 1.75.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.40%. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, February 28th. Group 1 Automotive’s dividend payout ratio (DPR) is presently 15.88%.
In related news, CEO Earl J. Hesterberg sold 2,000 shares of Group 1 Automotive stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $72.38, for a total value of $144,760.00. Following the completion of the sale, the chief executive officer now directly owns 139,065 shares in the company, valued at $10,065,524.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Earl J. Hesterberg sold 28,519 shares of Group 1 Automotive stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $80.06, for a total value of $2,283,231.14. Following the completion of the sale, the chief executive officer now owns 108,440 shares of the company’s stock, valued at $8,681,706.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 152,398 shares of company stock valued at $11,763,108. Corporate insiders own 6.08% of the company’s stock.
A number of hedge funds have recently made changes to their positions in GPI. First Trust Advisors LP grew its position in shares of Group 1 Automotive by 42.9% during the 3rd quarter. First Trust Advisors LP now owns 32,158 shares of the company’s stock worth $2,330,000 after buying an additional 9,647 shares during the period. FCA Corp TX acquired a new position in shares of Group 1 Automotive during the 3rd quarter worth about $290,000. Davidson Kempner Capital Management LP acquired a new position in shares of Group 1 Automotive during the 3rd quarter worth about $13,115,000. Nordea Investment Management AB grew its position in shares of Group 1 Automotive by 2.8% during the 3rd quarter. Nordea Investment Management AB now owns 73,800 shares of the company’s stock worth $5,348,000 after buying an additional 2,000 shares during the period. Finally, OxFORD Asset Management LLP grew its position in shares of Group 1 Automotive by 174.8% during the 3rd quarter. OxFORD Asset Management LLP now owns 18,334 shares of the company’s stock worth $1,304,000 after buying an additional 11,663 shares during the period. Hedge funds and other institutional investors own 97.57% of the company’s stock.
About Group 1 Automotive
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.
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