Insider Sale at Group 1 Automotive (GPI) Continues Selling Trend

Friday, January 12, 2018 10:15 PM ET

Insider Sale at Group 1 Automotive (GPI) Continues Selling Trend

A filing with the SEC today indicated a substantial insider sale of Group 1 Automotive shares as — Earl J Hesterberg, Director and Officer — disposed of 40,000 shares in the company having a market value of approximately $3,175,655. 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 180,928 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 220,928 shares and have averaged 27,616 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 28 buy/sell trades during this period for an average of 7.0 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 252,646 shares sold with company insiders selling 9,022 shares on average.

To bring into focus significant insider buying and selling activity, 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 has been eliminated in data used to compose and write this story.

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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