During the last session, Avis Budget Group Inc (NASDAQ:CAR)’s traded shares were 1.06 million, with the beta value of the company hitting 2.14. At the end of the trading day, the stock’s price was $85.08, reflecting an intraday gain of 2.40% or $1.99. The 52-week high for the CAR share is $202.50, that puts it down -138.01 from that peak though still a striking 22.74% gain since the share price plummeted to a 52-week low of $65.73. The company’s market capitalization is $3.03B, and the average intraday trading volume over the past 10 days was 0.74 million shares, and the average trade volume was 624.64K shares over the past three months.
Avis Budget Group Inc (CAR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.50. CAR has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 8.75.
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Avis Budget Group Inc (NASDAQ:CAR) trade information
Avis Budget Group Inc (CAR) registered a 2.40% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.40% in intraday trading to $85.08, hitting a weekly high. The stock’s 5-day price performance is 23.11%, and it has moved by -4.29% in 30 days. Based on these gigs, the overall price performance for the year is -54.70%. The short interest in Avis Budget Group Inc (NASDAQ:CAR) is 2.79 million shares and it means that shorts have 4.43 day(s) to cover.
The consensus price target of analysts on Wall Street is $158, which implies an increase of 46.15% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $117 and $248 respectively. As a result, CAR is trading at a discount of -191.49% off the target high and -37.52% off the low.
Avis Budget Group Inc (CAR) estimates and forecasts
Statistics show that Avis Budget Group Inc has underperformed its competitors in share price, compared to the industry in which it operates. Avis Budget Group Inc (CAR) shares have gone down -26.47% during the last six months, with a year-to-date growth rate less than the industry average at -81.75% against 6.00. In the rating firms’ projections, revenue will decrease -0.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 3.56B as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 2.79B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 3.59B and 2.76B respectively. In this case, analysts expect current quarter sales to shrink by -0.70% and then jump by 0.90% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 82.81%. While earnings are projected to return -82.15% in 2024.
CAR Dividends
Avis Budget Group Inc is due to release its next quarterly earnings in October. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Avis Budget Group Inc (NASDAQ:CAR)’s Major holders
Avis Budget Group Inc insiders own 2.84% of total outstanding shares while institutional holders control 98.64%, with the float percentage being 101.52%. SRS INVESTMENT MANAGEMENT, LLC is the largest shareholder of the company, while 361.0 institutions own stock in it. As of 2024-06-30, the company held over 17.13 million shares (or 48.1205% of all shares), a total value of $1.79 billion in shares.
The next largest institutional holding, with 3.22 million shares, is of FMR LLC’s that is approximately 9.0583% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $337.05 million.
