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NEW YORK ( TheStreet) -- Lithia Motors (NYSE: LAD) hit a new 52-week high Friday as it is currently trading at $27.52, above its previous 52-week high of $27.51 with 149,326 shares traded as of 11:55 a.m. ET. Average volume has been 404,600 shares over the past 30 days. Lithia has a market cap of $697.4 million and is part of the services sector and specialty retail industry. Shares are up 23.1% year to date as of the close of trading on Thursday. Lithia Motors Inc. operates as an automotive franchisee and retailer of new and used vehicles in the United States. The company has a P/E ratio of 11.4, below the average specialty retail industry P/E ratio of 12.2 and below the S&P 500 P/E ratio of 17.7.