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Group 1 Automotive (NYSE:GPI) Upgraded to B- at TheStreet

Group 1 Automotive, Inc. logoTheStreet upgraded shares of Group 1 Automotive (NYSE:GPI) from a c+ rating to a b- rating in a report released on Thursday, TheStreetRatingsTable reports.

Other analysts have also issued research reports about the company. Bank of America boosted their price target on Group 1 Automotive from $157.00 to $185.00 and gave the company a buy rating in a report on Thursday. Morgan Stanley boosted their price target on Group 1 Automotive from $87.00 to $95.00 and gave the company an overweight rating in a report on Tuesday, August 4th. JPMorgan Chase & Co. boosted their price target on Group 1 Automotive from $94.00 to $95.00 and gave the company an overweight rating in a report on Wednesday, July 8th. ValuEngine raised Group 1 Automotive from a strong sell rating to a sell rating in a report on Tuesday, October 6th. Finally, Benchmark boosted their price target on Group 1 Automotive from $130.00 to $140.00 and gave the company a buy rating in a report on Thursday, August 27th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $109.96.

Shares of GPI opened at $125.59 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.03 and a quick ratio of 0.29. Group 1 Automotive has a one year low of $26.25 and a one year high of $128.98. The firm has a market capitalization of $2.29 billion, a P/E ratio of 16.00, a PEG ratio of 1.85 and a beta of 2.22. The business has a fifty day moving average of $96.85 and a 200 day moving average of $73.91.

Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings data on Thursday, July 30th. The company reported $3.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $2.86. Group 1 Automotive had a return on equity of 17.34% and a net margin of 1.31%. The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.06 billion. Analysts expect that Group 1 Automotive will post 14 EPS for the current fiscal year.

In other news, insider Daryl Kenningham sold 10,000 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $90.46, for a total value of $904,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Michael David Jones sold 4,000 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $89.75, for a total value of $359,000.00. The disclosure for this sale can be found here. Insiders sold 21,838 shares of company stock worth $1,977,517 over the last 90 days. Company insiders own 5.20% of the company’s stock.

Large investors have recently bought and sold shares of the stock. State Street Corp lifted its position in shares of Group 1 Automotive by 6.4% in the first quarter. State Street Corp now owns 659,739 shares of the company’s stock worth $29,200,000 after buying an additional 39,955 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Group 1 Automotive by 76.1% in the first quarter. AQR Capital Management LLC now owns 30,124 shares of the company’s stock worth $1,333,000 after buying an additional 13,019 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Group 1 Automotive by 165.3% in the first quarter. Nuveen Asset Management LLC now owns 189,743 shares of the company’s stock worth $8,398,000 after buying an additional 118,222 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Group 1 Automotive by 41.0% in the first quarter. The Manufacturers Life Insurance Company now owns 645,947 shares of the company’s stock worth $28,589,000 after buying an additional 187,710 shares in the last quarter. Finally, Natixis Advisors L.P. lifted its position in shares of Group 1 Automotive by 16.7% in the second quarter. Natixis Advisors L.P. now owns 21,630 shares of the company’s stock worth $1,427,000 after buying an additional 3,096 shares in the last quarter.

About Group 1 Automotive

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 insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. It operates primarily in the metropolitan areas in 15 states in the United States; 33 towns in the United Kingdom; and 3 states in Brazil.

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