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NEW YORK ( TheStreet) -- Group I Automotive (NYSE: GPI) hit a new 52-week high Tuesday as it is currently trading at $58.46, above its previous 52-week high of $57.71 with 51,926 shares traded as of 9:40 a.m. ET. Average volume has been 307,000 shares over the past 30 days. Group I Automotive has a market cap of $1.23 billion and is part of the services sector and specialty retail industry. Shares are up 9.9% year to date as of the close of trading on Monday. Group one Automotive, Inc., through its subsidiaries, engages in the marketing and sale of automotive products and services. It sells new and used cars, light trucks, and vehicle parts. The company has a P/E ratio of 16.2, below the average specialty retail industry P/E ratio of 17.3 and below the S&P 500 P/E ratio of 17.7.