Avis Budget Group Inc (NASDAQ:CAR) has a beta value of 2.05 and has seen 1.46 million shares traded in the last trading session. The company, currently valued at $2.65B, closed the last trade at $75.35 per share which meant it lost -$0.55 on the day or -0.72% during that session. The CAR stock price is -75.51% off its 52-week high price of $132.25 and 28.29% above the 52-week low of $54.03. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.26 million shares traded. The 3-month trading volume is 1.07 million shares.
The consensus among analysts is that Avis Budget Group Inc (CAR) is Buy stock at the moment, with a recommendation rating of 1.80. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 7 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -5.45.
Avis Budget Group Inc (NASDAQ:CAR) trade information
Sporting -0.72% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CAR stock price touched $75.35 or saw a rise of 3.35%. Year-to-date, Avis Budget Group Inc shares have moved -6.53%, while the 5-day performance has seen it change 26.68%. Over the past 30 days, the shares of Avis Budget Group Inc (NASDAQ:CAR) have changed 1.51%. Short interest in the company has seen 4.58 million shares shorted with days to cover at 3.99.
Wall Street analysts have a consensus price target for the stock at $155, which means that the shares’ value could jump 51.39% from current levels. The projected low price target is $105.0 while the price target rests at a high of $248.0. In that case, then, we find that the current price level is -229.13% off the targeted high while a plunge would see the stock gain -39.35% from current levels.
Avis Budget Group Inc (CAR) estimates and forecasts
The company’s shares have lost -13.97% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 1.65%.
5 analysts offering their estimates for the company have set an average revenue estimate of 2.49B for the current quarter. 5 have an estimated revenue figure of 3.12B for the next ending quarter. Year-ago sales stood 2.55B and 3.05B respectively for this quarter and the next, and analysts expect sales will shrink by -2.20% for the current quarter and 1.65% for the next.
Earnings growth for 2025 is a modest -61.87% while over the next 5 years, the company’s earnings are expected to decrease by -8.45%.
CAR Dividends
Avis Budget Group Inc is expected to release its next earnings report on 2025-Feb-10 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Avis Budget Group Inc (NASDAQ:CAR)’s Major holders
Insiders own 3.33% of the company shares, while shares held by institutions stand at 101.48% with a share float percentage of 104.98%. Investors are also buoyed by the number of investors in a company, with Avis Budget Group Inc having a total of 350.0 institutions that hold shares in the company. The top two institutional holders are SRS INVESTMENT MANAGEMENT, LLC with over 17.13 million shares worth more than $1.79 billion. As of 2024-06-30, SRS INVESTMENT MANAGEMENT, LLC held 48.1205% of shares outstanding.
The other major institutional holder is FMR LLC, with the holding of over 3.22 million shares as of 2024-06-30. The firm’s total holdings are worth over $337.05 million and represent 9.0583% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Mt. Vernon Street Trust-Fidelity Growth Company Fund and iShares Trust-iShares Core S&P Mid-Cap ETF . As of Jan 31, 2025 , the former fund manager holds about 2.61% shares in the company for having 918.41 shares of worth $69.2 million while later fund manager owns 550.51 shares of worth $41.48 million as of Feb 28, 2025 , which makes it owner of about 1.56% of company’s outstanding stock.
