What is Seaport Res Ptn’s Estimate for GPI FY2025 Earnings?

Group 1 Automotive, Inc. (NYSE:GPI) – Investment analysts at Seaport Res Ptn reduced their FY2025 EPS estimates for shares of Group 1 Automotive in a research report issued to clients and investors on Monday, November 10th. Seaport Res Ptn analyst G. Chin now anticipates that the company will post earnings per share of $41.44 for the year, down from their previous estimate of $42.27. The consensus estimate for Group 1 Automotive’s current full-year earnings is $41.00 per share.

A number of other brokerages have also recently commented on GPI. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Group 1 Automotive in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Group 1 Automotive from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Zacks Research downgraded shares of Group 1 Automotive from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Bank of America dropped their target price on shares of Group 1 Automotive from $560.00 to $545.00 and set a “buy” rating for the company in a research report on Wednesday, September 10th. Finally, Barclays began coverage on shares of Group 1 Automotive in a research report on Tuesday. They set an “overweight” rating and a $510.00 price target on the stock. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $478.88.

Group 1 Automotive Trading Down 2.5%

NYSE GPI opened at $379.86 on Tuesday. Group 1 Automotive has a 1-year low of $355.91 and a 1-year high of $490.09. The company has a current ratio of 1.06, a quick ratio of 0.24 and a debt-to-equity ratio of 1.06. The stock has a 50-day moving average of $435.28 and a 200-day moving average of $436.35. The firm has a market cap of $4.80 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 1.09 and a beta of 0.91.

Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $10.45 earnings per share for the quarter, missing the consensus estimate of $10.64 by ($0.19). Group 1 Automotive had a return on equity of 18.08% and a net margin of 1.67%.The business had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $5.67 billion. During the same period in the prior year, the firm earned $9.90 earnings per share. The business’s revenue for the quarter was up 10.7% on a year-over-year basis.

Group 1 Automotive announced that its board has approved a share buyback program on Tuesday, November 11th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to buy up to 10.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other Group 1 Automotive news, Director Lincoln Pereira sold 7,000 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $469.34, for a total value of $3,285,380.00. Following the sale, the director owned 82,967 shares in the company, valued at approximately $38,939,731.78. This represents a 7.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is owned by insiders.

Institutional Trading of Group 1 Automotive

A number of hedge funds have recently made changes to their positions in the stock. Salomon & Ludwin LLC bought a new position in Group 1 Automotive during the 3rd quarter valued at approximately $26,000. MAI Capital Management grew its stake in shares of Group 1 Automotive by 131.3% in the second quarter. MAI Capital Management now owns 74 shares of the company’s stock worth $32,000 after acquiring an additional 42 shares during the last quarter. Elequin Capital LP bought a new position in shares of Group 1 Automotive during the first quarter valued at $29,000. Signaturefd LLC raised its position in shares of Group 1 Automotive by 90.5% in the 2nd quarter. Signaturefd LLC now owns 80 shares of the company’s stock worth $35,000 after purchasing an additional 38 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Group 1 Automotive in the second quarter worth approximately $43,000. 99.92% of the stock is owned by institutional investors.

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.