Gargoyle Investment Advisor L.L.C. maintained its position in shares of Group 1 Automotive, Inc. (NYSE:GPI) during the second quarter, according to its most recent filing with the SEC. The firm owned 4,521 shares of the company’s stock at the end of the second quarter. Gargoyle Investment Advisor L.L.C.’s holdings in Group 1 Automotive were worth $286,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the stock. BlackRock Inc. raised its position in shares of Group 1 Automotive by 47,561.6% in the first quarter. BlackRock Inc. now owns 2,537,979 shares of the company’s stock valued at $188,015,000 after buying an additional 2,532,654 shares during the period. KCG Holdings Inc. raised its position in shares of Group 1 Automotive by 32.6% in the first quarter. KCG Holdings Inc. now owns 4,570 shares of the company’s stock valued at $339,000 after buying an additional 1,123 shares during the period. Bank of Montreal Can raised its position in shares of Group 1 Automotive by 492.7% in the first quarter. Bank of Montreal Can now owns 31,129 shares of the company’s stock valued at $2,306,000 after buying an additional 25,877 shares during the period. Seizert Capital Partners LLC acquired a new position in shares of Group 1 Automotive during the first quarter valued at approximately $2,820,000. Finally, Private Advisor Group LLC acquired a new position in shares of Group 1 Automotive during the first quarter valued at approximately $836,000. 97.52% of the stock is currently owned by institutional investors and hedge funds.
Group 1 Automotive, Inc. (GPI) opened at 55.90 on Wednesday. The company’s 50-day moving average price is $60.53 and its 200 day moving average price is $67.55. Group 1 Automotive, Inc. has a 1-year low of $54.15 and a 1-year high of $83.18. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 8.59 and a beta of 1.62.
Group 1 Automotive (NYSE:GPI) last announced its quarterly earnings data on Thursday, July 27th. The company reported $1.87 EPS for the quarter, missing the Zacks’ consensus estimate of $1.99 by $0.12. The business had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Group 1 Automotive had a net margin of 1.26% and a return on equity of 15.73%. Group 1 Automotive’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.16 EPS. On average, equities analysts expect that Group 1 Automotive, Inc. will post $7.09 earnings per share for the current fiscal year.
Group 1 Automotive announced that its board has initiated a share buyback plan on Friday, May 12th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to reacquire up to 5.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
GPI has been the topic of several recent analyst reports. Zacks Investment Research lowered Group 1 Automotive from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. ValuEngine lowered Group 1 Automotive from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub raised Group 1 Automotive from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and issued a $66.00 price target (down previously from $75.00) on shares of Group 1 Automotive in a research note on Monday, July 17th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $68.50.
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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