Group 1 Automotive (GPI) Getting Somewhat Favorable News Coverage, Study Finds

Headlines about Group 1 Automotive (NYSE:GPI) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Group 1 Automotive earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.9352954712182 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the media stories that may have effected Accern’s rankings:

GPI has been the subject of a number of research analyst reports. Berenberg Bank initiated coverage on Group 1 Automotive in a research report on Wednesday, October 4th. They set a “hold” rating and a $77.00 target price for the company. Buckingham Research lowered Group 1 Automotive from a “buy” rating to a “neutral” rating and set a $86.00 target price for the company. in a research report on Monday, November 13th. Wells Fargo & Company lifted their target price on Group 1 Automotive from $65.00 to $85.00 and gave the company a “market perform” rating in a research report on Monday, October 30th. Zacks Investment Research raised Group 1 Automotive from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, KeyCorp reissued a “hold” rating on shares of Group 1 Automotive in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $79.00.

Group 1 Automotive (GPI) opened at $80.63 on Tuesday. The company has a market capitalization of $1,680.00, a price-to-earnings ratio of 11.00, a PEG ratio of 1.56 and a beta of 1.68. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.05 and a quick ratio of 0.27. Group 1 Automotive has a 1 year low of $51.62 and a 1 year high of $84.47.

Group 1 Automotive (NYSE:GPI) last released its quarterly earnings results on Thursday, October 26th. The company reported $2.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.76 by $0.47. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.80 billion. Group 1 Automotive had a return on equity of 15.69% and a net margin of 1.20%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.96 EPS. research analysts anticipate that Group 1 Automotive will post 7.41 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.24%. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, November 30th. Group 1 Automotive’s payout ratio is presently 15.80%.

In related news, insider Daryl Kenningham sold 6,700 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $78.68, for a total transaction of $527,156.00. Following the transaction, the insider now directly owns 42,130 shares of the company’s stock, valued at approximately $3,314,788.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO John C. Rickel sold 10,000 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $81.00, for a total value of $810,000.00. Following the transaction, the chief financial officer now directly owns 123,470 shares in the company, valued at $10,001,070. The disclosure for this sale can be found here. Over the last three months, insiders sold 76,694 shares of company stock valued at $5,999,106. Corporate insiders own 6.08% of the company’s stock.

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Group 1 Automotive Company Profile

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.

Insider Buying and Selling by Quarter for Group 1 Automotive (NYSE:GPI)

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