NEW YORK ( TheStreet) -- Sonic Automotive (NYSE: SAH) hit a new 52-week high Tuesday as it is currently trading at $18.81, above its previous 52-week high of $18.72 with 187,039 shares traded as of 10:14 a.m. ET. Average volume has been 546,900 shares over the past 30 days. Sonic Automotive has a market cap of $639.2 million and is part of the services sector and specialty retail industry. Shares are up 22.4% year to date as of the close of trading on Monday. Sonic Automotive, Inc. operates as an automotive retailer in the United States. The company has a P/E ratio of 13.7, above the average specialty retail industry P/E ratio of 8.1 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Sonic Automotive as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Sonic Automotive Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.