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Shares of Group 1 Automotive (NYSE:GPI) reached a new 52-week high during mid-day trading on Wednesday , American Banking News reports. The company traded as high as $82.67 and last traded at $82.62, with a volume of 271,088 shares changing hands. The stock had previously closed at $81.34.

Several analysts have recently commented on the stock. Analysts at KeyCorp raised their price target on shares of Group 1 Automotive from $78.00 to $87.00 in a research note on Thursday, May 22nd. They now have a “buy” rating on the stock. Analysts at Wells Fargo & Co. initiated coverage on shares of Group 1 Automotive in a research note on Wednesday, April 16th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Group 1 Automotive has a consensus rating of “Hold” and an average target price of $75.56.

The stock’s 50-day moving average is $79. and its 200-day moving average is $69.67. The company has a market cap of $1.925 billion and a price-to-earnings ratio of 17.63.

Group 1 Automotive (NYSE:GPI) last announced its earnings results on Thursday, April 24th. The company reported $1.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.05 by $0.14. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter last year, the company posted $1.16 earnings per share. Group 1 Automotive’s revenue was up 15.1% compared to the same quarter last year. On average, analysts predict that Group 1 Automotive will post $5.68 earnings per share for the current fiscal year.

Group 1 Automotive, Inc is an operator in the automotive retailing industry. As of December 31, 2011, the Company owned and operated 131 franchises, representing 31 brands of automobiles, at 104 dealership locations and 25 collision service centers in the United States of America and 10 franchises at five dealerships and three collision centers in the United Kingdom.

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