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NEW YORK ( TheStreet) -- KAR Auction Services (NYSE: KAR) hit a new 52-week low Monday as it is currently trading at $11.70, below its previous 52-week low of $11.74 with 171,521 shares traded as of 1:51 p.m. ET. Average volume has been 232,200 shares over the past 30 days. KAR Auction Services has a market cap of $1.7 billion and is part of the services sector and specialty retail industry. Shares are down 12.2% year to date as of the close of trading on Friday. KAR Auction Services, Inc., through its subsidiaries, provides vehicle auction services in North America. It operates in three segments: ADESA Auctions, IAAI, and AFC. The company has a P/E ratio of 28.6, below the average specialty retail industry P/E ratio of 29.3 and above the S&P 500 P/E ratio of 17.7.