NEW YORK ( TheStreet) -- Group I Automotive Inc (NYSE: GPI) hit a new 52-week high Thursday as it is currently trading at $49.99, above its previous 52-week high of $49.82 with 32,369 shares traded as of 10:05 a.m. ET. Average volume has been 309,600 shares over the past 30 days.

Group I Automotive has a market cap of $1.06 billion and is part of the services sector and specialty retail industry. Shares are up 17.5% year to date as of the close of trading on Wednesday.

Group one Automotive, Inc., through its subsidiaries, engages in the marketing and sale of automotive products and services. The company has a P/E ratio of 14.8, equal to the average specialty retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Group I Automotive as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Group I Automotive Ratings Report.

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