J.P. Morgan Sticks to Their Hold Rating for Group 1 Automotive (GPI)

In a report released on September 12, Rajat Gupta CFA from J.P. Morgan maintained a Hold rating on Group 1 Automotive, with a price target of $430.00. The company’s shares closed yesterday at $458.45.

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Gupta CFA covers the Consumer Cyclical sector, focusing on stocks such as Asbury, AutoNation, and Group 1 Automotive. According to TipRanks, Gupta CFA has an average return of 15.5% and a 59.46% success rate on recommended stocks.

In addition to J.P. Morgan, Group 1 Automotive also received a Hold from Benchmark Co.’s Michael Albanese in a report issued today. However, on September 10, Bank of America Securities reiterated a Buy rating on Group 1 Automotive (NYSE: GPI).

The company has a one-year high of $490.09 and a one-year low of $344.38. Currently, Group 1 Automotive has an average volume of 180.3K.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GPI in relation to earlier this year. Last month, Lincoln Pereira, a Director at GPI sold 7,000.00 shares for a total of $3,285,310.00.