Could Group 1 Automotive Inc (NYSE:GPI) Skyrocket? The Stock Has Too Many Sellers

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

Investors sentiment decreased to 0.77 in 2018 Q4. Its down 0.43, from 1.2 in 2018Q3. It dropped, as 29 investors sold Group 1 Automotive, Inc. shares while 64 reduced holdings. 22 funds opened positions while 50 raised stakes. 18.35 million shares or 4.78% less from 19.27 million shares in 2018Q3 were reported.
Principal holds 160,697 shares or 0.01% of its portfolio. Intll Gru Inc, a New York-based fund reported 14,300 shares. Pub Sector Pension Inv Board holds 0.01% or 15,467 shares. Ontario – Canada-based Royal Bankshares Of Canada has invested 0% in Group 1 Automotive, Inc. (NYSE:GPI). State Board Of Administration Of Florida Retirement Sys, a Florida-based fund reported 6,829 shares. Moreover, Guggenheim Limited Liability has 0% invested in Group 1 Automotive, Inc. (NYSE:GPI). Voya accumulated 16,164 shares. Trexquant Invest L P accumulated 13,944 shares or 0.05% of the stock. Usa Financial Portformulas Corporation has invested 0.08% of its portfolio in Group 1 Automotive, Inc. (NYSE:GPI). Parkside Financial Bank Tru holds 0% or 155 shares in its portfolio. Swiss National Bank holds 0% or 33,400 shares in its portfolio. Indexiq Ltd Company has 0.05% invested in Group 1 Automotive, Inc. (NYSE:GPI) for 32,161 shares. Ameriprise holds 0% or 152,161 shares. Susquehanna International Grp Inc Llp stated it has 0% in Group 1 Automotive, Inc. (NYSE:GPI). Moreover, Mackenzie has 0.01% invested in Group 1 Automotive, Inc. (NYSE:GPI).

The stock of Group 1 Automotive Inc (NYSE:GPI) registered an increase of 4.67% in short interest. GPI’s total short interest was 2.64 million shares in April as published by FINRA. Its up 4.67% from 2.53 million shares, reported previously. With 179,900 shares average volume, it will take short sellers 15 days to cover their GPI’s short positions. The short interest to Group 1 Automotive Inc’s float is 16.89%.

The stock decreased 1.09% or $0.77 during the last trading session, reaching $69.72. About 32,643 shares traded. Group 1 Automotive, Inc. (NYSE:GPI) has declined 7.34% since April 15, 2018 and is downtrending. It has underperformed by 11.71% the S&P500.

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Group 1 Automotive, Inc., through its subsidiaries, operates in the automotive retail industry. The company has market cap of $1.29 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 8.91 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) Ratings Coverage

Among 6 analysts covering Group 1 Automotive (NYSE:GPI), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Group 1 Automotive had 6 analyst reports since October 29, 2018 according to SRatingsIntel. The firm has “Buy” rating by Stephens given on Monday, March 11. Goldman Sachs upgraded it to “Buy” rating and $77 target in Monday, March 4 report. On Monday, October 29 the stock rating was upgraded by Buckingham Research to “Buy”. Morgan Stanley upgraded the shares of GPI in report on Wednesday, November 14 to “Equal-Weight” rating.

More news for Group 1 Automotive, Inc. (NYSE:GPI) were recently published by: Globenewswire.com, which released: “New Research Coverage Highlights Eventbrite, Encore Wire, FGL, Everest Re Group, Consol Energy, and Group 1 Automotive — Consolidated Revenues, Company Growth, and Expectations for 2019 – GlobeNewswire” on April 09, 2019. Prnewswire.com‘s article titled: “Group 1 Automotive to Present at the Bank of America Merrill Lynch 2019 Auto Summit in New York City – PRNewswire” and published on April 02, 2019 is yet another important article.

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