Friday, January 05, 2018 10:15 PM ET
Insider Selling at Group 1 Automotive (GPI) Continues with Significant Sale
There was a significant sale of shares of Group 1 Automotive by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Earl J Hesterberg, Director and Officer — disposed of 27,739 shares in the company having a market value of approximately $2,068,292. 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 113,189 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 140,928 shares and have averaged 17,616 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading 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 35 shares purchased and 179,907 shares sold with company insiders having sold 7,195 shares on average.
The data obtained in composing and writing in this story eliminates 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.
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