In the last trading session, 1.44 million shares of the Avis Budget Group Inc (NASDAQ:CAR) were traded, and its beta was 2.15. Most recently the company’s share price was $59.48, and it changed around -$1.18 or -1.95% from the last close, which brings the market valuation of the company to $2.09B. CAR currently trades at a discount to its 52-week high of $132.25, offering almost -122.34% off that amount. The share price’s 52-week low was $54.03, which indicates that the current value has risen by an impressive 9.16% since then. We note from Avis Budget Group Inc’s average daily trading volume that its 10-day average is 1.6 million shares, with the 3-month average coming to 859.61K.
Avis Budget Group Inc stock received a consensus recommendation rating of Hold, based on a mean score of 1.80. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 4 recommended CAR as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Avis Budget Group Inc is expected to report earnings per share of -5.45 for the current quarter.
Avis Budget Group Inc (NASDAQ:CAR) trade information
Instantly CAR has showed a red trend with a performance of -1.95% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 62.76 on recent trading dayincreased the stock’s daily price by 5.23%. The company’s shares are currently down -26.21% year-to-date, but still up 2.53% over the last five days. On the other hand, Avis Budget Group Inc (NASDAQ:CAR) is -31.20% down in the 30-day period. We can see from the shorts that 3.78 million shares have been sold at a short interest cover period of 5.01 day(s).
The consensus price target as assigned by Wall Street analysts is $155, which translates to bulls needing to increase their stock price by 61.63% from its current value. Analyst projections state that CAR is forecast to be at a low of $105 and a high of $248.
Avis Budget Group Inc (CAR) estimates and forecasts
The year-over-year growth rate is expected to be 1.65%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 2.49B in revenue for the current quarter. 5 analysts expect Avis Budget Group Inc to make 3.12B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.55B and 3.05B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -2.20%. Forecasts for the next quarter put sales growth at 2.23%.
Avis Budget Group Inc earnings are expected to increase by -61.87% in 2025, but the outlook is negative -8.45% per year for the next five years.
CAR Dividends
Avis Budget Group Inc’s next quarterly earnings report is expected to be released on 2025-Feb-10.
Avis Budget Group Inc (NASDAQ:CAR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.98% of Avis Budget Group Inc shares, and 101.72% of them are in the hands of institutional investors. The stock currently has a share float of 104.84%. Avis Budget Group Inc stock is held by 349.0 institutions, with SRS INVESTMENT MANAGEMENT, LLC being the largest institutional investor. By 2024-06-30, it held 48.1205% of the shares, which is about 17.13 million shares worth $1.79 billion.
FMR LLC, with 9.0583% or 3.22 million shares worth $337.05 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Fidelity Growth Company Fund and iShares Core S&P Mid-Cap ETF were the top two Mutual Funds as of Jan 31, 2025 . The former held 918.41 shares worth $54.63 million, making up 2.62% of all outstanding shares. On the other hand, iShares Core S&P Mid-Cap ETF held roughly 550.51 shares worth around $32.74 million, which represents about 1.57% of the total shares outstanding.
