Avis Budget Group Stock Falls On Unusually High Volume (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) is trading at unusually high volume Friday with 3.5 million shares changing hands. It is currently at two times its average daily volume and trading down $1.47 (-5%) at $28.18 as of 3:45 p.m. ET.

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Avis Budget Group has a market cap of $3.36 billion and is part of the services sector and diversified services industry. Shares are up 49.6% year to date as of the close of trading on Thursday.

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 14.1, below the S&P 500 P/E ratio of 17.7.

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 also find weaknesses including unimpressive growth in net income and generally higher debt management risk. You can view the full Avis Budget Group Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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