News articles about Group 1 Automotive (NYSE:GPI) have trended somewhat positive on Sunday, according to Accern Sentiment. The research group rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Group 1 Automotive earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.126593523058 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Group 1 Automotive traded up $1.65, reaching $74.92, during mid-day trading on Friday, according to MarketBeat. 250,160 shares of the company were exchanged, compared to its average volume of 165,222. Group 1 Automotive has a 52 week low of $51.62 and a 52 week high of $84.47. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.06 and a quick ratio of 0.27. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 9.69, a price-to-earnings-growth ratio of 1.22 and a beta of 1.76.
Get Group 1 Automotive alerts:Group 1 Automotive (NYSE:GPI) last issued its earnings results on Thursday, April 26th. The company reported $1.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.16. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.66 billion. Group 1 Automotive had a return on equity of 15.47% and a net margin of 1.86%. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.53 earnings per share. sell-side analysts anticipate that Group 1 Automotive will post 8.61 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 1st were issued a $0.26 dividend. The ex-dividend date was Thursday, May 31st. This represents a $1.04 dividend on an annualized basis and a yield of 1.39%. Group 1 Automotive’s payout ratio is currently 13.45%.
Group 1 Automotive announced that its Board of Directors has authorized a share buyback program on Wednesday, May 16th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to repurchase up to 6.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
A number of brokerages have recently issued reports on GPI. Morgan Stanley raised their price objective on Group 1 Automotive from $53.00 to $62.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 14th. Zacks Investment Research upgraded Group 1 Automotive from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Tuesday, June 12th. Buckingham Research downgraded Group 1 Automotive from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 20th. ValuEngine downgraded Group 1 Automotive from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Finally, Stephens restated a “hold” rating and set a $86.00 price objective on shares of Group 1 Automotive in a research report on Wednesday, March 21st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Group 1 Automotive has an average rating of “Hold” and a consensus target price of $81.75.
About Group 1 Automotive
Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. 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. The company has operations primarily in the metropolitan areas of Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 28 towns in the United Kingdom; and in the metropolitan markets of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.