November 23, 2016 - By Darrin Black
Earl Hesterberg, the President & CEO of Group 1 Automotive Inc made insider sale of 10,000 shares with an average price per share of $70.4 in the firm, that are having a total value $704,155 US Dollars. Presently, Earl Hesterberg owns 439,993 shares which are equivalent to roughly 2.11% of the Company’s market capitalization (total value of the shares outstanding).
Out of 8 analysts covering Group 1 Automotive (NYSE:GPI), 2 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 25% are positive. $108 is the highest target while $62 is the lowest. The $91.33 average target is 26.29% above today’s ($72.32) stock price. Group 1 Automotive has been the topic of 9 analyst reports since September 17, 2015 according to StockzIntelligence Inc. Sidoti upgraded the stock to “Buy” rating in Thursday, September 17 report. The stock of Group 1 Automotive, Inc. (NYSE:GPI) earned “Neutral” rating by Seaport Global on Tuesday, August 9. The rating was maintained by Morgan Stanley with “Underweight” on Wednesday, April 13. The company was maintained on Wednesday, October 28 by Stephens. The stock of Group 1 Automotive, Inc. (NYSE:GPI) earned “Sell” rating by Goldman Sachs on Tuesday, November 22. As per Wednesday, July 20, the company rating was upgraded by Buckingham Research. The firm has “Sector Weight” rating given on Friday, February 12 by KeyBanc Capital Markets. The rating was upgraded by Evercore on Wednesday, March 9 to “Hold”.
Insitutional Activity: The institutional sentiment decreased to 0.68 in Q2 2016. Its down 0.33, from 1.01 in 2016Q1. The ratio turned negative, as 26 funds sold all Group 1 Automotive, Inc. shares owned while 57 reduced positions. 33 funds bought stakes while 51 increased positions. They now own 20.27 million shares or 1.91% less from 20.66 million shares in 2016Q1.
Ny State Teachers Retirement Sys holds 0.01% or 51,683 shares in its portfolio. Us Bank & Trust De accumulated 5,281 shares or 0% of the stock. Springbok Capital Mgmt Limited Liability Company holds 0% or 700 shares in its portfolio. Bridgeway Cap Mgmt Inc has 0.02% invested in the company for 27,000 shares. Deere & has 0.08% invested in the company for 28,873 shares. Louisiana State Employees Retirement Sys holds 0.02% or 9,300 shares in its portfolio. Blackrock Group Inc holds 0% or 42,707 shares in its portfolio. Sunbelt last reported 146 shares in the company. Bank & Trust Of Ny Mellon reported 278,509 shares or 0% of all its holdings. Goldman Sachs Inc reported 289,578 shares or 0% of all its holdings. Credit Suisse Ag accumulated 0% or 53,262 shares. Checchi Advisers Lc accumulated 88 shares or 0% of the stock. Barclays Plc last reported 0% of its portfolio in the stock. Voya Inv Mgmt Lc holds 0% or 9,861 shares in its portfolio. Dekabank Deutsche Girozentrale accumulated 0% or 1,255 shares.
Insider Transactions: Since August 18, 2016, the stock had 0 buys, and 6 selling transactions for $4.13 million net activity. Burman Darryl M sold 2,000 shares worth $117,800. Shares for $2.37 million were sold by Pereira Lincoln. Shares for $321,550 were sold by Rickel John C on Friday, November 11. The insider DeLongchamps Peter C sold 7,500 shares worth $459,150. Another trade for 10,000 shares valued at $599,700 was made by HESTERBERG EARL J on Thursday, August 18.
The stock increased 1.87% or $1.33 on November 23, hitting $72.32. About 286,593 shares traded hands. Group 1 Automotive, Inc. (NYSE:GPI) has risen 24.65% since April 21, 2016 and is uptrending. It has outperformed by 19.32% the S&P500.
Group 1 Automotive, Inc. is an operator in the automotive retail industry. The company has a market cap of $1.56 billion. 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. It has a 18.56 P/E ratio. It operates through three divisions: the U.S., which includes the activities of its corporate office, the U.K. and Brazil.
According to Zacks Investment Research, “Group 1 Automotive, Inc. is a leading operator and consolidator in the highly fragmented automotive retailing industry. Through a series of acquisitions, the company owns dealership franchises. Through the dealerships, the company sells new and used cars and light trucks, provide maintenance and repair services, sell replacement parts and arrange vehicle financing, insurance and service contracts.”
Analysts await Group 1 Automotive, Inc. (NYSE:GPI) to report earnings on February, 9. They expect $1.69 earnings per share, up 11.92% or $0.18 from last year’s $1.51 per share. GPI’s profit will be $36.45 million for 10.70 P/E if the $1.69 EPS becomes a reality. After $1.96 actual earnings per share reported by Group 1 Automotive, Inc. for the previous quarter, Wall Street now forecasts -13.78% negative EPS growth.
More notable recent Group 1 Automotive, Inc. (NYSE:GPI) news were published by: Prnewswire.com which released: “Group 1 Automotive Appoints New Director and Expands Board” on November 10, 2016, also Streetinsider.com with their article: “Form 4 GROUP 1 AUTOMOTIVE INC For: Nov 21 Filed by: HESTERBERG EARL J” published on November 23, 2016, Forbes.com published: “Ex-Dividend Reminder: McDonald’s, Group 1 Automotive and Sinclair Broadcast Group” on August 26, 2016. More interesting news about Group 1 Automotive, Inc. (NYSE:GPI) were released by: Fool.com and their article: “Is This as Bad as It Gets for Group 1 Automotive Inc?” published on February 12, 2016 as well as Prnewswire.com‘s news article titled: “Group 1 Automotive Acquires Large U.K. Dealer Group” with publication date: February 04, 2016.
Group 1 Automotive, Inc., incorporated on December 20, 1995, 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. The Firm operates through three divisions: the U.S., which includes the activities of its corporate office, the U.K. and Brazil. The Firm owns and operates approximately 200 franchises, representing over 32 brands of automobiles, at over 152 dealership locations and over 35 collision centers around the world. The Firm owns approximately 150 franchises at over 116 dealership locations and over 28 collision service centers in the United States of America, approximately 25 franchises at over 17 dealership locations and over six collision centers in the United Kingdom, and approximately 20 franchises at over 19 dealership locations and over one collision center in Brazil. The Company’s activities are primarily located in major metropolitan areas in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, Oklahoma, South Carolina and Texas in the United States, in approximately 15 towns in the United Kingdom and in key metropolitan markets in the states of Sao Paulo, Parana and Mato Grosso do Sul in Brazil.
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By Darrin Black