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NEW YORK ( TheStreet) -- CarMax (NYSE: KMX) hit a new 52-week high Tuesday as it is currently trading at $35.03, above its previous 52-week high of $35 with 74,185 shares traded as of 9:45 a.m. ET. Average volume has been 2.1 million shares over the past 30 days. CarMax has a market cap of $7.38 billion and is part of the services sector and specialty retail industry. Shares are up 14.8% year to date as of the close of trading on Monday. CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. It also sells vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions, as well as sells new vehicles under franchise agreements. The company has a P/E ratio of 19.2, above the average specialty retail industry P/E ratio of 18.2 and above the S&P 500 P/E ratio of 17.7.