In last trading session, Avis Budget Group Inc (NASDAQ:CAR) saw 1.05 million shares changing hands with its beta currently measuring 2.13. Company’s recent per share price level of $62.64 trading at -$1.15 or -1.80% at ring of the bell on the day assigns it a market valuation of $2.20B. That closing price of CAR’s stock is at a discount of -111.13% from its 52-week high price of $132.25 and is indicating a premium of 1.96% from its 52-week low price of $61.41. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.02 million shares which gives us an average trading volume of 714.96K if we extend that period to 3-months.
For Avis Budget Group Inc (CAR), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.80. Splitting up the data highlights that, out of 7 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -5.45 in the current quarter.
Avis Budget Group Inc (NASDAQ:CAR) trade information
Upright in the red during last session for losing -1.80%, in the last five days CAR remained trading in the red while hitting it’s week-highest on Thursday, 03/06/25 when the stock touched $62.64 price level, adding 17.84% to its value on the day. Avis Budget Group Inc’s shares saw a change of -22.29% in year-to-date performance and have moved -18.24% in past 5-day. Avis Budget Group Inc (NASDAQ:CAR) showed a performance of -30.73% in past 30-days. Number of shares sold short was 3.78 million shares which calculate 5.01 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 105 to the stock, which implies a rise of 40.34% to its current value. Analysts have been projecting 105 as a low price target for the stock while placing it at a high target of 105. It follows that stock’s current price would drop -67.62% in reaching the projected high whereas dropping to the targeted low would mean a loss of -67.62% for stock’s current value.
Avis Budget Group Inc (CAR) estimates and forecasts
This year revenue growth is estimated to rise 1.65% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 2.49B for the same. And 5 analysts are in estimates of company making revenue of 3.12B in the next quarter. Company posted 2.55B and 3.05B of sales in current and next quarters respectively a year earlier.
In 2025, company’s earnings growth rate is likely to be around -61.87% while estimates for its earnings growth in next 5 years are of -8.45%.
Avis Budget Group Inc (NASDAQ:CAR)’s Major holders
Insiders are in possession of 2.89% of company’s total shares while institution are holding 101.73 percent of that, with stock having share float percentage of 104.76%. Investors also watch the number of corporate investors in a company very closely, which is 101.73% institutions for Avis Budget Group Inc that are currently holding shares of the company. SRS INVESTMENT MANAGEMENT, LLC is the top institutional holder at CAR for having 17.13 million shares of worth $1.79 billion. And as of 2024-06-30, it was holding 48.1205 of the company’s outstanding shares.
The second largest institutional holder is FMR LLC, which was holding about 3.22 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.0583 of outstanding shares, having a total worth of $337.05 million.
