Group 1 Automotive, Inc. (GPI)’s Stock Formed A Several Months Bullish Double Top Pattern

May 16, 2018 - By Rudy Corcoran

Group 1 Automotive, Inc. (NYSE:GPI) Logo

Investors sentiment increased to 1.21 in Q4 2017. Its up 0.22, from 0.99 in 2017Q3. It is positive, as 22 investors sold Group 1 Automotive, Inc. shares while 56 reduced holdings. 44 funds opened positions while 50 raised stakes. 20.23 million shares or 0.17% less from 20.26 million shares in 2017Q3 were reported.
Parametric Associate Lc holds 0.01% or 95,572 shares. Great West Life Assurance Can reported 25,756 shares. 31 are held by Assetmark. Qs Investors Lc holds 0% or 7 shares in its portfolio. Glenmede Na stated it has 585 shares. Smithfield has 25 shares for 0% of their portfolio. Morgan Stanley invested in 395,288 shares or 0.01% of the stock. Sg Capital Lc owns 60,869 shares. Gemmer Asset Management Ltd Liability Corp holds 175 shares or 0% of its portfolio. Point72 Asia (Hong Kong) Ltd has invested 0.02% in Group 1 Automotive, Inc. (NYSE:GPI). Prudential reported 261,012 shares stake. Jpmorgan Chase & reported 229,182 shares. Walleye Trading Ltd Limited Liability Company, a Minnesota-based fund reported 7,011 shares. Hutchin Hill Capital L P holds 0.45% or 22,600 shares. Tower Rech Cap Ltd Liability (Trc) holds 0% of its portfolio in Group 1 Automotive, Inc. (NYSE:GPI) for 100 shares.

Since December 12, 2017, it had 0 buys, and 6 sales for $12.72 million activity. Another trade for 5,000 shares valued at $401,362 was made by STRANGE J TERRY on Tuesday, December 12.

The chart of Group 1 Automotive, Inc. (GPI) shows a double top with $76.32 target or 8.00 % above today’s $70.67 share price. The 7 months chart pattern indicates low risk for the $1.43B company. It was reported on May, 16 by If the $76.32 price target is reached, the company will be worth $114.32M more. Double tops are rare but powerful chart patterns.

The stock increased 2.41% or $1.66 during the last trading session, reaching $70.67. About 26,616 shares traded. Group 1 Automotive, Inc. (NYSE:GPI) has declined 13.27% since May 16, 2017 and is downtrending. It has underperformed by 24.82% the S&P500.

Analysts await Group 1 Automotive, Inc. (NYSE:GPI) to report earnings on July, 26. They expect $2.16 earnings per share, up 15.51 % or $0.29 from last year’s $1.87 per share. GPI’s profit will be $43.68 million for 8.18 P/E if the $2.16 EPS becomes a reality. After $1.70 actual earnings per share reported by Group 1 Automotive, Inc. for the previous quarter, Wall Street now forecasts 27.06 % EPS growth.

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

Among 5 analysts covering Group 1 Automotive (NYSE:GPI), 1 have Buy rating, 1 Sell and 3 Hold. Therefore 20% are positive. Group 1 Automotive had 8 analyst reports since January 5, 2018 according to SRatingsIntel. As per Monday, April 16, the company rating was maintained by Stephens. The stock of Group 1 Automotive, Inc. (NYSE:GPI) has “Buy” rating given on Friday, February 9 by Bank of America. As per Friday, January 5, the company rating was upgraded by Buckingham Research. As per Friday, February 9, the company rating was maintained by Stephens. Morgan Stanley maintained the stock with “Underweight” rating in Wednesday, March 14 report. Buckingham Research downgraded the shares of GPI in report on Tuesday, March 20 to “Neutral” rating. Guggenheim initiated Group 1 Automotive, Inc. (NYSE:GPI) on Monday, April 16 with “Hold” rating. Stephens maintained it with “Hold” rating and $86.0 target in Tuesday, March 20 report.

More important recent Group 1 Automotive, Inc. (NYSE:GPI) news were published by: which released: “Recent Analysis Shows Shutterfly, Gulfport Energy, Automatic Data Processing, Group 1 Automotive, Red Robin …” on May 16, 2018, also published article titled: “Group 1 Automotive (GPI) Q1 2018 Results – Earnings Call Transcript”, published: “Congress slaps down CFPB’s auto lending guidance” on May 09, 2018. More interesting news about Group 1 Automotive, Inc. (NYSE:GPI) was released by: and their article: “Elliott’s 13F Shows New Stake in Commault (CVLT), Dish (DISH), Micro Focus (MFGP) (more…)” with publication date: May 15, 2018.

Group 1 Automotive, Inc., through its subsidiaries, operates in the automotive retail industry. The company has market cap of $1.43 billion. It sells new and used cars, light trucks, and vehicle parts; arranges vehicle financing; sells service and insurance contracts; and provides automotive maintenance and repair services. It has a 7.01 P/E ratio. The firm has activities primarily in the metropolitan areas of Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, Oklahoma, South Carolina, and Texas in the United States; 20 towns in the United Kingdom; and in metropolitan markets of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.

Group 1 Automotive, Inc. (NYSE:GPI) Institutional Positions Chart

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