NEW YORK ( TheStreet) -- Asbury Automotive Group (NYSE: ABG) hit a new 52-week high Wednesday as it is currently trading at $23.42, above its previous 52-week high of $23.31 with 180,928 shares traded as of 2:35 p.m. ET. Average volume has been 370,300 shares over the past 30 days.

Asbury Automotive Group has a market cap of $725.7 million and is part of the services sector and specialty retail industry. Shares are up 5% year to date as of the close of trading on Tuesday.

Asbury Automotive Group, Inc. operates as an automotive retailer in the United States. The company has a P/E ratio of 21.1, above the average specialty retail industry P/E ratio of 14.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Asbury Automotive Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally poor debt management and disappointing return on equity. You can view the full Asbury Automotive Group Ratings Report.

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