Group 1 Automotive (NYSE:GPI – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $9.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.36 by $0.44, Yahoo Finance reports. The firm had revenue of $4.70 billion during the quarter, compared to the consensus estimate of $4.68 billion. Group 1 Automotive had a net margin of 3.03% and a return on equity of 20.87%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $11.73 EPS.
Group 1 Automotive Price Performance
GPI stock traded down $3.93 during trading on Friday, reaching $333.22. 146,313 shares of the company were exchanged, compared to its average volume of 135,477. The company has a 50-day moving average of $303.73 and a two-hundred day moving average of $287.04. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 7.96, a P/E/G ratio of 1.69 and a beta of 1.35. Group 1 Automotive has a twelve month low of $228.84 and a twelve month high of $340.99. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.04 and a quick ratio of 0.27.
Group 1 Automotive Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Monday, June 3rd. Group 1 Automotive’s dividend payout ratio is 4.44%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on Group 1 Automotive
Insider Buying and Selling
In other Group 1 Automotive news, VP Michael David Jones sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $294.63, for a total value of $412,482.00. Following the completion of the transaction, the vice president now directly owns 11,535 shares in the company, valued at approximately $3,398,557.05. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Group 1 Automotive news, VP Michael David Jones sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $294.63, for a total value of $412,482.00. Following the completion of the transaction, the vice president now directly owns 11,535 shares in the company, valued at approximately $3,398,557.05. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Edward Mckissic sold 170 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $318.92, for a total transaction of $54,216.40. Following the completion of the transaction, the vice president now owns 6,082 shares of the company’s stock, valued at $1,939,671.44. The disclosure for this sale can be found here. Insiders sold a total of 4,007 shares of company stock worth $1,221,218 in the last three months. 1.70% of the stock is owned by corporate insiders.
About Group 1 Automotive
Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry in the United States and the United Kingdom. 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.
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