Group 1 Automotive Inc. (NYSE:GPI) was down 4.3% on Tuesday . The company traded as low as $60.01 and last traded at $60.03, with a volume of 204,900 shares trading hands. The stock had previously closed at $62.76.

A number of equities research analysts have recently weighed in on GPI shares. Buckingham Research raised shares of Group 1 Automotive from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 20th. Morgan Stanley cut their target price on shares of 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. Finally, Zacks Investment Research lowered shares of Group 1 Automotive from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 12th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $83.00.

The firm has a market cap of $1.26 billion and a price-to-earnings ratio of 15.07. The company has a 50 day moving average of $55.44 and a 200-day moving average of $57.23.

Group 1 Automotive (NYSE:GPI) last announced its earnings results on Thursday, July 28th. The company reported $2.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.09 by $0.07. The firm earned $2.10 billion during the quarter, compared to analysts’ expectations of $2.86 billion. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.98 EPS. On average, equities research analysts expect that Group 1 Automotive Inc. will post $7.50 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. State of Tennessee Treasury Department purchased a new stake in shares of Group 1 Automotive during the fourth quarter valued at $1,355,000. Nationwide Fund Advisors increased its stake in shares of 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 in the last quarter. Employees Retirement System of Texas purchased a new stake in shares of Group 1 Automotive during the fourth quarter valued at $1,590,000. New York State Common Retirement Fund increased its stake in shares of Group 1 Automotive by 3.3% in the fourth quarter. New York State Common Retirement Fund now owns 22,000 shares of the company’s stock valued at $1,665,000 after buying an additional 700 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Group 1 Automotive by 2.7% in the fourth quarter. Swiss National Bank now owns 30,600 shares of the company’s stock valued at $2,316,000 after buying an additional 800 shares in the last quarter.

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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