NEW YORK ( TheStreet) -- DealerTrack Holdings (Nasdaq: TRAK) hit a new 52-week high Friday as it is currently trading at $26.99, above its previous 52-week high of $26.97 with 29,847 shares traded as of 11:19 a.m. ET. Average volume has been 346,500 shares over the past 30 days.

DealerTrack has a market cap of $1.11 billion and is part of the technology sector and computer software & services industry. Shares are up 30.5% year to date as of the close of trading on Thursday.

DealerTrack Holdings, Inc., through its subsidiaries, provides software solutions to automotive retail industry in the United States and Canada. The company has a P/E ratio of 268.1, above the average computer software & services industry P/E ratio of 243.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates DealerTrack as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, good cash flow from operations and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full DealerTrack Ratings Report.

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