Group 1 Automotive (GPI) Insider Makes Significant Share Sale

Wednesday, January 10, 2018 10:15 PM ET

Group 1 Automotive (GPI) Insider Makes Significant Share Sale

A significant insider sale of the shares of Group 1 Automotive was revealed in a form 4 document filed with the SEC today, showing — Earl J Hesterberg, Director and Officer — disposed of 40,000 shares in the company having a market value of approximately $3,142,379. 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 140,928 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 180,928 shares and have averaged 22,616 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 above the 4-company peer group average. New Car Dealers peer group saw 26 buy/sell trades during this period for an average of 6.5 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 207,646 shares sold with company insiders having sold 7,985 shares on average.

The data sourced 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.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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