Group 1 Automotive Inc. (NYSE:GPI)’s share price rose 3.7% during trading on Monday . The company traded as high as $57.66 and last traded at $57.32, with a volume of 182,761 shares. The stock had previously closed at $55.25.

GPI has been the topic of a number of recent research reports. Zacks Investment Research upgraded Group 1 Automotive from a “sell” rating to a “hold” rating in a research note on Friday, April 29th. Morgan Stanley lowered their price objective on Group 1 Automotive from $80.00 to $62.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 13th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $83.00.

The stock’s 50-day moving average is $55.57 and its 200 day moving average is $57.85. The firm has a market cap of $1.28 billion and a P/E ratio of 14.87.

Group 1 Automotive (NYSE:GPI) last released its earnings results on Wednesday, April 27th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.10. During the same period in the prior year, the company earned $1.47 earnings per share. The business earned $2.60 billion during the quarter, compared to the consensus estimate of $2.61 billion. The business’s revenue was up 7.2% on a year-over-year basis. Equities research analysts expect that Group 1 Automotive Inc. will post $7.45 earnings per share for the current year.

Several institutional investors have added to or reduced their stakes in the stock. Stevens Capital Management LP raised its position in Group 1 Automotive by 5.1% in the fourth quarter. Stevens Capital Management LP now owns 13,565 shares of the company’s stock valued at $1,027,000 after buying an additional 653 shares in the last quarter. Strs Ohio increased its position in Group 1 Automotive by 1,116.7% in the fourth quarter. Strs Ohio now owns 14,600 shares of the company’s stock valued at $1,105,000 after buying an additional 13,400 shares during the last quarter. State of Tennessee Treasury Department purchased a new position in Group 1 Automotive during the fourth quarter valued at approximately $1,355,000. Nationwide Fund Advisors increased its position in Group 1 Automotive by 1.2% in the fourth quarter. Nationwide Fund Advisors now owns 18,567 shares of the company’s stock valued at $1,406,000 after buying an additional 223 shares during the last quarter. Finally, Employees Retirement System of Texas purchased a new position in Group 1 Automotive during the fourth quarter valued at approximately $1,590,000.

Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts.

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