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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- CarMax (NYSE: KMX) hit a new 52-week high Wednesday as it is currently trading at $40.17, above its previous 52-week high of $40.11 with 401,017 shares traded as of 11:21 a.m. ET. Average volume has been 1.9 million shares over the past 30 days. CarMax has a market cap of $8.85 billion and is part of the services sector and specialty retail industry. Shares are up 3.4% year to date as of the close of trading on Tuesday. CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. It also sells vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions, as well as sells new vehicles under franchise agreements. The company has a P/E ratio of 21.3, above the S&P 500 P/E ratio of 17.7.