Group 1 Automotive (GPI) is Upgraded by Buckingham Research to Buy

Group 1 Automotive (GPI) was Upgraded by Buckingham Research to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Buckingham Research advised their investors in a research report released on Jul 20, 2016.

On the company’s financial health, Group 1 Automotive reported $1.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $1.49. The company had revenue of $2608.30 million for the quarter, compared to analysts expectations of $2604.29 million. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.47 EPS.

Group 1 Automotive opened for trading at $55.33 and hit $57.82 on the upside on Monday, eventually ending the session at $57.69, with a gain of 4.42% or 2.44 points. The heightened volatility saw the trading volume jump to 3,94,213 shares. Company has a market cap of $1,275 M.

In a different news, on Mar 16, 2016, Frank Grese (Senior Vice President, HR) purchased 36 shares at $58.27 per share price. According to the SEC, on Sep 21, 2015, J. Brooks O’hara (VP, Human Resources) sold 2,500 shares at $89.18 per share price. On Aug 26, 2015, Doyle L Arnold (director) purchased 1,500 shares at $87.10 per share price, according to the Form-4 filing with the securities and exchange commission.

Group 1 Automotive Inc. is an operator in the automotive retail industry. The Company 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 Company operates through three segments: the U.S. which includes the activities of its corporate office the U.K. and Brazil. As of September30 2015 the Company owned and operated approximately 162 automotive dealerships approximately 212 franchises and approximately 37 collision centers in the United States and the United Kingdom and Brazil offer approximately 34 brands of automobiles. In addition the Company operates in international regions including the United Kingdom and Brazil. As of February 4 2016 the Company had approximately 29 dealerships in the United Kingdom. As of September30 2015 the Company had approximately 19 dealerships in Brazil. .

Group 1 Automotive

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