During the last session, Avis Budget Group Inc (NASDAQ:CAR)’s traded shares were 1.35 million, with the beta value of the company hitting 2.15. At the end of the trading day, the stock’s price was $61.55, reflecting an intraday gain of 3.48% or $2.07. The 52-week high for the CAR share is $132.25, that puts it down -114.87 from that peak though still a striking 12.22% gain since the share price plummeted to a 52-week low of $54.03. The company’s market capitalization is $2.16B, and the average intraday trading volume over the past 10 days was 1.6 million shares, and the average trade volume was 869.21K 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 1.80. 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.
Avis Budget Group Inc (NASDAQ:CAR) trade information
Avis Budget Group Inc (CAR) registered a 3.48% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.48% in intraday trading to $61.55, hitting a weekly high. The stock’s 5-day price performance is 1.07%, and it has moved by -26.24% in 30 days. Based on these gigs, the overall price performance for the year is -45.76%. The short interest in Avis Budget Group Inc (NASDAQ:CAR) is 4.58 million shares and it means that shorts have 3.99 day(s) to cover.
The consensus price target of analysts on Wall Street is $155, which implies an increase of 60.29% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $105 and $248 respectively. As a result, CAR is trading at a discount of -302.92% off the target high and -70.59% off the low.
While earnings are projected to return -61.87% in 2025, the next five years will return -8.45% per annum.
CAR Dividends
Avis Budget Group Inc is due to release its next quarterly earnings on 2025-Feb-10. 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 2.98% of total outstanding shares while institutional holders control 101.72%, with the float percentage being 104.84%. SRS INVESTMENT MANAGEMENT, LLC is the largest shareholder of the company, while 349.0 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.
Also, the Mutual Funds coming in first place with the largest holdings of Avis Budget Group Inc (CAR) shares are Fidelity Growth Company Fund and iShares Core S&P Mid-Cap ETF . Data provided on Jan 31, 2025 indicates that Fidelity Growth Company Fund owns about 918.41 shares. This amounts to just over 2.62 percent of the company’s overall shares, with a $56.53 million market value. The same data shows that the other fund manager holds slightly less at 550.51, or about 1.57% of the stock, which is worth about $33.88 million.
