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.
TheStreet Ratings rates Penske Automotive Group 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, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Penske Automotive Group Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.