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.
TheStreet Ratings rates Lithia as a buy. The company's strengths can be seen in multiple areas, such as its robust 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 Lithia Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.