It is trading at $78.57 well above the 50 day moving average which is $70.78 and which is well above the 200 day moving average of $64.06. The 50 day moving average went up $7.79 or +11.01% whereas the 200 day moving average was up $14.51 or +22.65%. Trading volume for Group 1 Automotive, Inc. was 309K by the end of trading on Tuesday. Volume was up 7.46% over the stocks average daily volume.
Short traders are more bearish recently looking at the uptick in short interest. The stock realized a rise in short interest from September 29, 2017 to October 13, 2017 of 5.07%. Short interest grew from 2,519,606 to 2,647,226 over that timeframe. The short-interest ratio increased to 11.0 and the percentage of shorted shares was 0.13% on October 13.
These funds have shifted positions in (GPI). First Trust Advisors Lp grew its ownership by buying 9,647 shares an increase of 42.9%. First Trust Advisors Lp now controls 32,158 shares worth $2,330,000. The value of the position overall is up by 63.5%. As of the end of the quarter Parkside Financial Bank & Trust had sold 25 shares trimming its stake by 15.7%. The value of the investment in Group 1 Automotive, Inc. decreased from $10,000 to $10,000 a change of $0 since the last quarter.
Aperio Group, LLC augmented its stake by buying 1,935 shares an increase of 35.5% as of 09/30/2017. Aperio Group, LLC controls 7,389 shares valued at $535,000. The total value of its holdings increased 55.1%. Cubic Asset Management, LLC cut its position by shedding 900 shares a decrease of 1.5% from 06/30/2017 to 09/30/2017. Cubic Asset Management, LLC claims 58,840 shares with a value of $4,264,000. The total value of its holdings increased 12.7%.
On October 4, 2017 Berenberg began coverage of GPI setting a rating of “Hold”.
The company is so far trading down from yesterday’s close of $78.57. The company also recently announced a dividend for shareholders which was paid on Friday September 15th, 2017. The dividend was $0.240 per share for the quarter which is $0.96 annualized. The dividend yield was $1.22. The ex-dividend date was set for Wednesday the 30th of August 2017.
The company currently has a P/E ratio of 12.08 and the market cap is 1.58B. As of the latest earnings report the EPS was $6.51 and is projected to be $7.28 for the current year with 20,110,000 shares currently outstanding. Next quarter’s EPS is estimated at $1.63 with next year’s EPS projected to be $7.56.
Group 1 Automotive, Inc., launched 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 Company operates through three segments: the U.S., which includes the activities of its corporate office, the United Kingdom and Brazil. As of December 31, 2016, the Company owned and operated 210 franchises, representing 31 brands of automobiles, at 159 dealership locations and 38 collision centers across the world. As of December 31, 2016, the Company owned 146 franchises at 111 dealership locations and 29 collision service centers in the United States, 41 franchises at 30 dealership locations and eight collision centers in the United Kingdom and 23 franchises at 18 dealership locations and one collision center in Brazil. As of December 31, 2016, the Business’s operations were 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 20 towns in the United Kingdom, and in metropolitan markets in the states of Sao Paulo, Parana, Mato Grosso do Sul and Santa Catarina in Brazil..