NEW YORK (

TheStreet

) --

Penske Automotive Group

(NYSE:

PAG

) hit a new 52-week high Tuesday as it is currently trading at $23.96, above its previous 52-week high of $23.94 with 1.1 million shares traded as of 2:27 p.m. ET. Average volume has been 694,100 shares over the past 30 days.

Penske Automotive Group has a market cap of $2.2 billion and is part of the

services

sector and

specialty retail

industry. Shares are up 33% year to date as of the close of trading on Monday.

Penske Automotive Group, Inc. operates as an automotive retailer in the United States and the United Kingdom. It sells new and used motor vehicles, as well as provides various repair, maintenance, and collision services. The company has a P/E ratio of 16.1, below the average specialty retail industry P/E ratio of 16.3 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Penske Automotive Group as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. 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

Penske Automotive Group Ratings Report

.

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