NEW YORK (

TheStreet

) --

AutoNation

(NYSE:

AN

) hit a new 52-week high Wednesday as it traded at $35.42 compared with its previous 52-Week high of $35.04. AutoNation is changing hands at $35.23 with 117,197 shares traded as of 11:11 a.m. ET. Average volume has been 1.2 million shares over the past 30 days.

AutoNation has a market cap of $5.1 billion and is part of the

services

sector and

specialty retail

industry. Shares are up 22.9% year to date as of the close of trading on Tuesday.

AutoNation, Inc., through its subsidiaries, operates as an automotive retailer in the United States. It offers various automotive products and services, including new vehicles, used vehicles, parts, automotive repair and maintenance services, and automotive finance and insurance products. The company has a P/E ratio of 23.2, below the average specialty retail industry P/E ratio of 24 and above the S&P 500 P/E ratio of 16.1.

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TheStreet Ratings rates AutoNation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, good cash flow from operations, solid stock price performance and increase in net income. 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

AutoNation Ratings Report

.

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