Avis Budget Group Inc (CAR): Today's Featured Diversified Services Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Avis Budget Group ( CAR) pushed the Diversified Services industry higher today making it today's featured diversified services winner. The industry as a whole closed the day down 0.2%. By the end of trading, Avis Budget Group rose $1.56 (3.2%) to $49.63 on average volume. Throughout the day, 2,324,451 shares of Avis Budget Group exchanged hands as compared to its average daily volume of 2,149,100 shares. The stock ranged in a price between $47.82-$49.83 after having opened the day at $48.34 as compared to the previous trading day's close of $48.07. Other companies within the Diversified Services industry that increased today were: EnerNOC ( ENOC), up 8.6%, RMG Networks ( RMGN), up 6.4%, Infoblox ( BLOX), up 6.2% and General Finance Corporation ( GFN), up 5.7%.

Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers worldwide. The company has three segments: North America, International, and Truck Rental. Avis Budget Group has a market cap of $5.1 billion and is part of the services sector. Shares are up 18.9% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Avis Budget Group a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Avis Budget Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and disappointing return on equity.

On the negative front, Comverse ( CNSI), down 19.0%, China Yida ( CNYD), down 14.2%, Kelly Services ( KELYB), down 12.6% and VirtualScopics ( VSCP), down 12.0% , were all laggards within the diversified services industry with Verisk Analytics ( VRSK) being today's diversified services industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the diversified services industry could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the diversified services industry could consider ProShares Ultra Short Consumer Sers ( SCC).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

Uber and Lyft Have Run Over the Car Industry

'Cloud Wars' Intensify; Staples Shows Some Staying Power -- ICYMI Friday

CarMax, Avis Still Assessing Hurricane Harvey's Catastrophe

A Pair Trade on Rental Cars