Forbes -
19 Sep 2012 22:27
Shares of Group 1 Automotive Inc. (GPI - Snapshot Report) have been trading near their fresh 52-week high of $61, hit on September 13, driven by solid second quarter results, accretive acquisitions and a marked recovery for its largest customer ? Toyota Motor Corp. (TM - Analyst Report). This automotive retailer has now delivered 15 straight quarters with a positive earnings surprise, and achieved the Zacks #1 Rank (Strong Buy) on September 11.
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