Wednesday, January 17, 2018 10:15 PM ET
Group 1 Automotive (GPI) Insider Makes Significant Share Sale
There was a substantial insider sale of Group 1 Automotive shares today, as indicated in a filing with the SEC as — Earl J Hesterberg, Director and Officer — sold 28,519 shares in the company having a market value of approximately $2,283,167 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 sale of 240,928 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 269,447 shares and have averaged 33,681 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Group 1 Automotive is above the 4-company peer group average. New Car Dealers peer group saw 29 buy/sell trades during this period for an average of 7.3 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 304,646 shares sold with company insiders disposing of 10,504 shares on average.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to create and write this story.
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