NEW YORK ( TheStreet) -- Copart (Nasdaq: CPRT) hit a new 52-week high Friday as it is currently trading at $48.08, above its previous 52-week high of $48.07 with 75,591 shares traded as of 2:14 p.m. ET. Average volume has been 319,100 shares over the past 30 days.

Copart has a market cap of $3.11 billion and is part of the services sector and specialty retail industry. Shares are up 27.7% 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 20.4, above the average specialty retail industry P/E ratio of 20.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Copart 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, notable return on equity 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.

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