NEW YORK ( TheStreet) -- AutoNation (NYSE: AN) hit a new 52-week high Wednesday as it traded at $34.31 compared with its previous 52-Week high of $34.15. AutoNation is changing hands at $34.26 with 28,422 shares traded as of 9:36 a.m. ET. Average volume has been 1.1 million shares over the past 30 days. AutoNation has a market cap of $5 billion and is part of the services sector and specialty retail industry. Shares are up 17.9% 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 21.6, below the average specialty retail industry P/E ratio of 23.5 and below the S&P 500 P/E ratio of 23.4. 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, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full AutoNation Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.