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NEW YORK ( TheStreet) -- Penske Automotive Group (NYSE: PAG) hit a new 52-week high Tuesday as it is currently trading at $26.42, above its previous 52-week high of $26.34 with 20,217 shares traded as of 9:40 a.m. ET. Average volume has been 481,000 shares over the past 30 days. Penske Automotive Group has a market cap of $2.34 billion and is part of the services sector and specialty retail industry. Shares are up 34.6% year to date as of the close of trading on Monday. Penske Automotive Group, Inc. operates as an automotive retailer. The company has a P/E ratio of 13.3, equal to the average specialty retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.