Wednesday, December 27, 2017 10:15 PM ET
Insider Selling in Group 1 Automotive (GPI) Shares Continues
One insider — Earl J Hesterberg, Director and Officer — today, disposed of 19,500 shares of Group 1 Automotive having a market value of approximately $1,456,424, as revealed in a form 4 document filed with the SEC. There have been 7 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 86,088 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 105,588 shares and have averaged 13,199 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Group 1 Automotive is higher than the 4-company peer group average. New Car Dealers peer group saw 25 buy/sell trades during this period for an average of 6.3 transactions per company. The number of shares per buy/sell trade for Group 1 Automotive insiders was also higher. Within the peer group there were 0 shares purchased and 247,817 shares sold with company insiders disposing of 9,913 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in evaluating and writing this story.
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