Noteworthy Price Action: Could Group 1 Automotive, Inc. Recover After Today’s Significant Decline?

Noteworthy Price Action: Could Group 1 Automotive, Inc. Recover After Today's Significant Decline?

The stock of Group 1 Automotive, Inc. (NYSE:GPI) is a huge mover today! About 234,037 shares traded hands. Group 1 Automotive, Inc. (NYSE:GPI) has risen 6.94% since April 6, 2016 and is uptrending. It has outperformed by 4.98% the S&P500.
The move comes after 8 months negative chart setup for the $1.25 billion company. It was reported on Nov, 8 by Barchart.com. We have $53.64 PT which if reached, will make NYSE:GPI worth $75.00M less.

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

Out of 7 analysts covering Group 1 Automotive (NYSE:GPI), 2 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 29% are positive. Group 1 Automotive has been the topic of 8 analyst reports since September 17, 2015 according to StockzIntelligence Inc. The stock of Group 1 Automotive, Inc. (NYSE:GPI) earned “Buy” rating by Sidoti on Thursday, September 17. The stock has “Buy” rating given by Buckingham Research on Wednesday, July 20. The stock of Group 1 Automotive, Inc. (NYSE:GPI) earned “Underweight” rating by Morgan Stanley on Wednesday, April 13. Evercore upgraded the shares of GPI in a report on Wednesday, March 9 to “Hold” rating. The rating was downgraded by KeyBanc Capital Markets to “Sector Weight” on Friday, February 12. The stock has “Neutral” rating given by Seaport Global on Tuesday, August 9. Stephens maintained it with “Equal-Weight” rating and $108 target price in Wednesday, October 28 report.

According to Zacks Investment Research, “Group 1 Automotive, Inc. is a leading operator and consolidator in the highly fragmented automotive retailing industry. Through a series of acquisitions, the company owns dealership franchises. Through the dealerships, the company sells new and used cars and light trucks, provide maintenance and repair services, sell replacement parts and arrange vehicle financing, insurance and service contracts.”

Insitutional Activity: The institutional sentiment increased to 1.01 in 2016 Q2. Its up 0.04, from 0.97 in 2016Q1. The ratio increased, as 26 funds sold all Group 1 Automotive, Inc. shares owned while 57 reduced positions. 33 funds bought stakes while 51 increased positions. They now own 20.27 million shares or 1.91% less from 20.66 million shares in 2016Q1.
Employees Retirement Systems Of Texas last reported 0.02% of its portfolio in the stock. Next Fincl Group Inc Inc reported 2,078 shares or 0.03% of all its holdings. Moreover, Kcg Incorporated has 0.01% invested in Group 1 Automotive, Inc. (NYSE:GPI) for 9,913 shares. Secor Cap Advsr L P accumulated 17,992 shares or 0.11% of the stock. Goldman Sachs Grp Inc owns 289,578 shares or 0% of their US portfolio. Parallax Volatility Advisers Limited Partnership accumulated 0% or 98 shares. Checchi Cap Advisers Ltd, a California-based fund reported 88 shares. Gideon Cap accumulated 4,472 shares or 0.13% of the stock. Moreover, Leuthold Group has 0.27% invested in Group 1 Automotive, Inc. (NYSE:GPI) for 51,653 shares. The New York-based Blackrock Incorporated has invested 0% in Group 1 Automotive, Inc. (NYSE:GPI). One Trading L P last reported 13,041 shares in the company. Teacher Retirement Of Texas holds 0% or 3,309 shares in its portfolio. Profund Advisors Ltd Com last reported 0.02% of its portfolio in the stock. Boston last reported 0.02% of its portfolio in the stock. Millennium Mngmt reported 35,592 shares or 0% of all its holdings.

Insider Transactions: Since August 18, 2016, the stock had 0 insider buys, and 3 selling transactions for $1.18 million net activity. DeLongchamps Peter C sold 7,500 shares worth $459,150. HESTERBERG EARL J sold $599,700 worth of stock or 10,000 shares. Burman Darryl M sold $117,800 worth of Group 1 Automotive, Inc. (NYSE:GPI) on Monday, August 29.

More notable recent Group 1 Automotive, Inc. (NYSE:GPI) news were published by: Zacks.com which released: “Group 1 Automotive (GPI) Lags Q3 Earnings and Revenues” on October 26, 2016, also Investorplace.com with their article: “Trade of the Day: Group 1 Automotive, Inc. (GPI) Is Gathering Momentum” published on September 07, 2016, Seekingalpha.com published: “Group 1 Automotive Should Be Focusing On Digitization” on September 27, 2016. More interesting news about Group 1 Automotive, Inc. (NYSE:GPI) were released by: Prnewswire.com and their article: “Group 1 Automotive Completes New $1.8 Billion Revolving Credit Facility with …” published on June 17, 2016 as well as Forbes.com‘s news article titled: “Ex-Dividend Reminder: McDonald’s, Group 1 Automotive and Sinclair Broadcast Group” with publication date: August 26, 2016.

GPI Company Profile

Group 1 Automotive, Inc., incorporated on December 20, 1995, 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. The Firm operates through three divisions: the U.S., which includes the activities of its corporate office, the U.K. and Brazil. The Firm owns and operates approximately 200 franchises, representing over 32 brands of automobiles, at over 152 dealership locations and over 35 collision centers around the world. The Firm owns approximately 150 franchises at over 116 dealership locations and over 28 collision service centers in the United States of America, approximately 25 franchises at over 17 dealership locations and over six collision centers in the United Kingdom, and approximately 20 franchises at over 19 dealership locations and over one collision center in Brazil. The Company’s activities are primarily located in major metropolitan areas in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, Oklahoma, South Carolina and Texas in the United States, in approximately 15 towns in the United Kingdom and in key metropolitan markets in the states of Sao Paulo, Parana and Mato Grosso do Sul in Brazil.

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