Institutional Investors Are Buying Group 1 Automotive Inc (NYSE:GPI)

May 17, 2018 - By Donald McKee

Group 1 Automotive, Inc. (NYSE:GPI) Logo

Sentiment for Group 1 Automotive Inc (NYSE:GPI)

Group 1 Automotive Inc (NYSE:GPI) institutional sentiment increased to 1.21 in 2017 Q4. Its up 0.22, from 0.99 in 2017Q3. The ratio has increased, as 94 institutional investors opened new or increased equity positions, while 78 sold and trimmed holdings in Group 1 Automotive Inc. The institutional investors in our partner’s database now have: 20.23 million shares, down from 20.26 million shares in 2017Q3. Also, the number of institutional investors holding Group 1 Automotive Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 22 Reduced: 56 Increased: 50 New Position: 44.

Group 1 Automotive, Inc., through its subsidiaries, operates in the automotive retail industry. The company has market cap of $1.48 billion. It sells new and used cars, light trucks, and vehicle parts; arranges vehicle financing; sells service and insurance contracts; and provides automotive maintenance and repair services. It has a 7.27 P/E ratio. The firm has activities primarily in the metropolitan areas of Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, Oklahoma, South Carolina, and Texas in the United States; 20 towns in the United Kingdom; and in metropolitan markets of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.

The stock increased 3.09% or $2.2 during the last trading session, reaching $73.34. About 49,731 shares traded. Group 1 Automotive, Inc. (NYSE:GPI) has declined 13.27% since May 17, 2017 and is downtrending. It has underperformed by 24.82% the S&P500.

Analysts await Group 1 Automotive, Inc. (NYSE:GPI) to report earnings on July, 26. They expect $2.16 EPS, up 15.51 % or $0.29 from last year’s $1.87 per share. GPI’s profit will be $43.68 million for 8.49 P/E if the $2.16 EPS becomes a reality. After $1.70 actual EPS reported by Group 1 Automotive, Inc. for the previous quarter, Wall Street now forecasts 27.06 % EPS growth.

Moon Capital Management Llc holds 2.52% of its portfolio in Group 1 Automotive, Inc. for 34,704 shares. Towle & Co owns 344,779 shares or 2.41% of their US portfolio. Moreover, Eminence Capital Lp has 2.03% invested in the company for 1.87 million shares. The Massachusetts-based Cubic Asset Management Llc has invested 1.15% in the stock. Ironwood Investment Management Llc, a Massachusetts-based fund reported 22,220 shares.

Since January 1, 0001, it had 0 insider purchases, and 6 selling transactions for $12.72 million activity.

Group 1 Automotive, Inc. (NYSE:GPI) Ratings Coverage

Ratings analysis reveals 20% of Group 1 Automotive’s analysts are positive. Out of 5 Wall Street analysts rating Group 1 Automotive, 1 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $62 while the high is $105. The stock’s average target of $85 is 15.90% above today’s ($73.34) share price. GPI was included in 8 notes of analysts from January 5, 2018. The company was downgraded on Tuesday, March 20 by Buckingham Research. The firm has “Hold” rating by Stephens given on Friday, February 9. Stephens maintained the shares of GPI in report on Monday, April 16 with “Hold” rating. The stock has “Buy” rating by Bank of America on Friday, February 9. Morgan Stanley maintained Group 1 Automotive, Inc. (NYSE:GPI) rating on Wednesday, March 14. Morgan Stanley has “Underweight” rating and $62 target. Guggenheim initiated the shares of GPI in report on Monday, April 16 with “Hold” rating. The rating was maintained by Stephens on Tuesday, March 20 with “Hold”. The stock has “Buy” rating by Buckingham Research on Friday, January 5.

More important recent Group 1 Automotive, Inc. (NYSE:GPI) news were published by: Streetinsider.com which released: “Elliott’s 13F Shows New Stake in Commault (CVLT), Dish (DISH), Micro Focus (MFGP) (more…)” on May 15, 2018, also Streetinsider.com published article titled: “Group 1 Automotive (GPI) Boosts Buyback Plan by $100 Million”, Seekingalpha.com published: “Group 1 Automotive (GPI) Q1 2018 Results – Earnings Call Transcript” on April 26, 2018. More interesting news about Group 1 Automotive, Inc. (NYSE:GPI) was released by: Seekingalpha.com and their article: “Congress slaps down CFPB’s auto lending guidance” with publication date: May 09, 2018.

Group 1 Automotive, Inc. (NYSE:GPI) Institutional Positions Chart

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