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

GPI has been the subject of several recent analyst reports. Morgan Stanley reduced their target price on shares of Group 1 Automotive from $80.00 to $62.00 and set an “underweight” rating for the company in a research note on Wednesday, April 13th. Zacks Investment Research upgraded shares of Group 1 Automotive from a “sell” rating to a “hold” rating in a research note on Friday, April 29th. Two research 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. Group 1 Automotive currently has an average rating of “Hold” and a consensus target price of $83.00.

The company has a market capitalization of $1.28 billion and a PE ratio of 14.88. The company’s 50 day moving average is $55.54 and its 200 day moving average is $57.45.

Group 1 Automotive (NYSE:GPI) last posted its quarterly 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. The company earned $2.60 billion during the quarter, compared to analyst estimates of $2.61 billion. The company’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.47 earnings per share. On average, equities analysts forecast that Group 1 Automotive Inc. will post $7.45 EPS for the current fiscal year.

Other hedge funds have added to or reduced their stakes in the company. State of Tennessee Treasury Department acquired a new stake in Group 1 Automotive during the fourth quarter valued at $1,355,000. Employees Retirement System of Texas acquired a new stake in Group 1 Automotive during the fourth quarter valued at $1,590,000. Foresters Investment Management Company Inc. acquired a new stake in Group 1 Automotive during the fourth quarter valued at $11,734,000. Hodges Capital Management Inc. raised its stake in Group 1 Automotive by 33.2% in the fourth quarter. Hodges Capital Management Inc. now owns 488,515 shares of the company’s stock valued at $36,981,000 after buying an additional 121,695 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Group 1 Automotive during the fourth quarter valued at $6,137,000.

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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