Group 1 Automotive, Inc. (GPI) Trades at $66.91 Forming Double Top

May 3, 2018 - By Sarah Harris

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

During 2017 Q4 the big money sentiment increased to 1.21. That’s change of 0.22, from 2017Q3’s 0.99. 22 investors sold all, 56 reduced holdings as Group 1 Automotive, Inc. ratio improved. 50 grew positions while 44 funds bought positions. Funds hold 20.23 million shares thus 0.17% less from 2017Q3’s 20.26 million shares.
Jpmorgan Chase & Co stated it has 0% of its capital in Group 1 Automotive, Inc. (NYSE:GPI). Barclays Public Ltd Liability owns 11,212 shs. Hsbc Holding Public Lc owns 7,645 shs or 0% of their US capital. Qs Investors Limited holds 0% or 7 shs. Group One Trading Lp has invested 0% in Group 1 Automotive, Inc. (NYSE:GPI). Janney Montgomery Scott Limited Liability Corporation owns 3,035 shs. Citigroup Inc invested 0% in Group 1 Automotive, Inc. (NYSE:GPI). Great West Life Assurance Can holds 25,756 shs. Morgan Stanley has invested 0.01% in Group 1 Automotive, Inc. (NYSE:GPI). State Of Alaska Department Of Revenue owns 3,904 shs for 0.01% of their capital. Boston Prns owns 0.02% invested in Group 1 Automotive, Inc. (NYSE:GPI) for 200,787 shs. Cubist Systematic Strategies Limited has invested 0.02% in Group 1 Automotive, Inc. (NYSE:GPI). Assetmark reported 0% of its capital in Group 1 Automotive, Inc. (NYSE:GPI). Dreman Value Management L L C holds 477 shs. California-based Aperio Ltd Llc has invested 0% in Group 1 Automotive, Inc. (NYSE:GPI).

Group 1 Automotive, Inc. had 6 selling transactions and 0 buys since December 12, 2017. This’s net activity of $12.72 million. On Tuesday, December 12 STRANGE J TERRY had sold 5,000 shs worth $401,362.

The double top chart setup of Group 1 Automotive, Inc. (GPI) has $70.26 price target or 5.00 % above today’s $66.91 share price. The $1.35B company reviews low risk because of the 8 months chart setup. Finviz.com reported the double top chart setup on May, 3. The company’s valuation will be $67.55 million more at $70.26 price target.

GPI is touching $66.91 during the last trading session, after increased 0.62%.Group 1 Automotive, Inc. is downtrending after having declined 13.27% since May 3, 2017. GPI has 311,693 volume or 4.33% up from normal. GPI underperformed by 24.82% the S&P 500.

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

In total 6 analysts cover Group 1 Automotive (NYSE:GPI). “Buy” rating has 1, “Sell” are 1, while 4 are “Hold”. (NYSE:GPI) has 17% bullish analysts. With $105 highest and $62 lowest target price, Group 1 Automotive has $85 average target price or 27.04% above the current ($66.91) price. 10 are the (NYSE:GPI)’s ratings reports on May 3, 2018 according to StockzIntelligence Inc. The stock rating was maintained by Bank of America with “Buy” on Friday, February 9. On Friday, January 5 the rating was upgraded by Buckingham Research to “Buy”. On Tuesday, March 20 Stephens maintained the shares of GPI in report with “Hold” rating. The stock rating was maintained by Stephens with “Hold” on Friday, February 9. On Monday, April 16 the stock has “Hold” rating by Guggenheim. On Monday, April 16 the firm has “Hold” rating given by Stephens. On Monday, November 13 the firm has “Neutral” rating by Buckingham Research given. On Wednesday, March 14 the stock of Group 1 Automotive, Inc. (NYSE:GPI) has “Underweight” rating given by Morgan Stanley. On Monday, November 13 the firm has “Hold” rating by KeyBanc Capital Markets given. On Tuesday, March 20 Buckingham Research downgraded the shares of GPI in report to “Neutral” rating.

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

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