NEW YORK ( TheStreet) -- Copart (Nasdaq: CPRT) hit a new 52-week high Wednesday as it is currently trading at $26.86, above its previous 52-week high of $26.85 with 337,880 shares traded as of 3:35 p.m. ET. Average volume has been 524,200 shares over the past 30 days. Copart has a market cap of $3.32 billion and is part of the services sector and specialty retail industry. Shares are up 9.7% year to date as of the close of trading on Tuesday. Copart, Inc. provides online auctions and vehicle remarketing services in the United States, Canada, and the United Kingdom. The company has a P/E ratio of 21.2, above the average specialty retail industry P/E ratio of 20.8 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Copart as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Copart Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.