Avis Budget Group Reaches New 52-Week High (CAR)

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) -- Avis Budget Group (Nasdaq: CAR) hit a new 52-week high Thursday as it is currently trading at $29.56, above its previous 52-week high of $29.53 with 242,671 shares traded as of 10:35 a.m. ET. Average volume has been 1.8 million shares over the past 30 days.

Avis Budget Group has a market cap of $2.99 billion and is part of the services sector and diversified services industry. Shares are up 40% year to date as of the close of trading on Wednesday.

Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, and ancillary services to businesses and consumers worldwide. The company has a P/E ratio of 11.5, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Avis Budget Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and solid stock price performance. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. You can view the full Avis Budget Group Ratings Report.

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