Wall Street analysts predict that Group 1 Automotive, Inc. (NYSE:GPI – Get Rating) will post $3.77 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Group 1 Automotive’s earnings, with estimates ranging from $3.52 billion to $3.96 billion. Group 1 Automotive reported sales of $3.01 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 25.2%. The business is scheduled to report its next earnings results before the market opens on Monday, January 1st.
On average, analysts expect that Group 1 Automotive will report full year sales of $16.11 billion for the current financial year, with estimates ranging from $14.61 billion to $17.33 billion. For the next fiscal year, analysts expect that the business will post sales of $16.49 billion, with estimates ranging from $14.60 billion to $18.18 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Group 1 Automotive.
Group 1 Automotive (NYSE:GPI – Get Rating) last posted its quarterly earnings results on Thursday, February 10th. The company reported $9.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $9.06 by $0.37. Group 1 Automotive had a return on equity of 35.83% and a net margin of 3.98%. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the prior year, the company posted $5.66 EPS. The business’s revenue was up 19.4% compared to the same quarter last year.
In related news, VP Michael David Jones sold 4,000 shares of Group 1 Automotive stock in a transaction on Monday, February 28th. The stock was sold at an average price of $180.20, for a total value of $720,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Frank Grese sold 4,378 shares of Group 1 Automotive stock in a transaction on Friday, February 25th. The stock was sold at an average price of $183.97, for a total value of $805,420.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,672 shares of company stock valued at $2,175,830. 4.10% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. William Blair Investment Management LLC boosted its stake in shares of Group 1 Automotive by 33,316.4% in the third quarter. William Blair Investment Management LLC now owns 243,940 shares of the company’s stock worth $45,831,000 after acquiring an additional 243,210 shares during the period. BlackRock Inc. boosted its stake in shares of Group 1 Automotive by 7.4% in the third quarter. BlackRock Inc. now owns 3,146,306 shares of the company’s stock worth $591,128,000 after acquiring an additional 218,096 shares during the period. Norges Bank bought a new position in shares of Group 1 Automotive in the fourth quarter worth about $35,456,000. Millennium Management LLC boosted its stake in Group 1 Automotive by 627.5% during the third quarter. Millennium Management LLC now owns 106,599 shares of the company’s stock valued at $20,028,000 after buying an additional 91,947 shares during the last quarter. Finally, NewEdge Wealth LLC boosted its stake in Group 1 Automotive by 152.9% during the third quarter. NewEdge Wealth LLC now owns 145,827 shares of the company’s stock valued at $27,398,000 after buying an additional 88,167 shares during the last quarter. Institutional investors own 96.94% of the company’s stock.
GPI stock traded up $0.63 during mid-day trading on Friday, hitting $162.59. The stock had a trading volume of 643 shares, compared to its average volume of 200,438. The company has a current ratio of 1.08, a quick ratio of 0.38 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 5.39, a PEG ratio of 0.40 and a beta of 1.66. The company has a fifty day moving average of $178.65 and a 200 day moving average of $186.05. Group 1 Automotive has a 1-year low of $143.00 and a 1-year high of $212.23.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Tuesday, March 1st were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Monday, February 28th. This is a boost from Group 1 Automotive’s previous quarterly dividend of $0.35. Group 1 Automotive’s dividend payout ratio (DPR) is presently 4.79%.
About Group 1 Automotive (Get Rating)
Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. It operates primarily in 17 states in the United States; and 35 towns in the United Kingdom.
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