NEW YORK ( TheStreet) -- Shares of Avis Budget Group (Nasdaq: CAR) were gapping up Tuesday morning with an open price 11.1% higher than Monday's closing price. The stock closed at $13.16 Monday and opened today's trading at $14.62. The average volume for Avis Budget Group has been 2.1 million shares per day over the past 30 days. Avis Budget Group has a market cap of $1.39 billion and is part of the services sector and diversified services industry. Shares are up 22.8% year to date as of the close of trading on Monday. Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, and ancillary services to businesses and consumers worldwide. TheStreet Ratings rates Avis Budget Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full Avis Budget Group Ratings Report. Get more investment ideas from our investment research center.
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