NEW YORK ( TheStreet) -- Copart Incorporated (Nasdaq: CPRT) hit a new 52-week high Friday as it traded at $41.57 compared with its previous 52-Week high of $41.55. Copart is changing hands at $41.57 with 51,893 shares traded as of 11:30 a.m. ET. Average volume has been one million shares over the past 30 days. Copart has a market cap of $3.4 billion and is part of the services sector and specialty retail industry. Shares are up 9.8% year to date as of the close of trading on Thursday. Copart, Inc. provides online auctions and vehicle remarketing services in the United States, Canada, and the United Kingdom. The company has a P/E ratio of 22.5, below the average specialty retail industry P/E ratio of 22.6 and below the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Copart as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, increase in stock price during the past year, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Copart Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.