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NEW YORK ( TheStreet) -- Avis Budget Group (Nasdaq: CAR) hit a new 52-week high Tuesday as it traded at $17 compared with its previous 52-Week high of $16.85. Avis Budget Group is changing hands at $16.96 with 89,194 shares traded as of 9:31 a.m. ET. Average volume has been 1.7 million shares over the past 30 days. Avis Budget Group has a market cap of $1.7 billion and is part of the services sector and diversified services industry. Shares are up 5.9% year to date as of the close of trading on Monday. Avis Budget Group, Inc. provides car and truck rentals, and ancillary services to businesses and consumers in the United States and internationally. The company has a P/E ratio of 33, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 15.8.