Seaport Global Initiates Coverage on Group 1 Automotive to Neutral

Seaport Global Initiates Coverage on Group 1 Automotive(NYSE:GPI). The shares have been rated Neutral. The rating by Seaport Global was issued on Aug 9, 2016.

In a different note, On Jul 20, 2016, Buckingham Research said it Upgrades its rating on Group 1 Automotive. The shares have been rated ‘Buy’ by the firm.

Group 1 Automotive (GPI) shares turned negative on Wednesdays trading session with the shares closing down -0.8 points or -1.31% at a volume of 1,26,570. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $60.975. The peak price level was also seen at $60.975 while the days lowest was $59.48. Finally the shares closed at $60.17. The 52-week high of the shares is $94.45 while the 52-week low is $47.305. According to the latest information available, the market cap of the company is $1,285 M.

Group 1 Automotive(GPI) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.78B. Analysts had an estimated revenue of $2.85B. Earnings per share were $2.16. Analysts had estimated an EPS of $2.09.

Several Insider Transactions has been reported to the SEC. On Mar 16, 2016, Frank Grese (Senior Vice President, HR) purchased 36 shares at $58.27 per share price.Also, 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. .

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *