In the last trading session, 2.75 million Avis Budget Group Inc (NASDAQ:CAR) shares changed hands as the company’s beta touched 2.06. With the company’s per share price at $62.86 changed hands at -$6.56 or -9.45% during last session, the market valuation stood at $2.21B. CAR’s last price was a discount, traded about -110.39% off its 52-week high of $132.25. The share price had its 52-week low at $54.03, which suggests the last value was 14.05% up since then. When we look at Avis Budget Group Inc’s average trading volume, we note the 10-day average is 2.59 million shares, with the 3-month average coming to 1.16 million.
Analysts gave the Avis Budget Group Inc (CAR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.80. If we narrow down to specifics, the data shows that 0 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended CAR as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Avis Budget Group Inc’s EPS for the current quarter is expected to be -5.45.
Avis Budget Group Inc (NASDAQ:CAR) trade information
Instantly CAR was in red as seen at the end of in last trading. With action -16.58%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -22.02%, with the 5-day performance at -16.58% in the red. However, in the 30-day time frame, Avis Budget Group Inc (NASDAQ:CAR) is -12.19% down. Looking at the short shares, we see there were 4.58 million shares sold at short interest cover period of 3.99 days.
The consensus price target for the stock as assigned by Wall Street analysts is 155, meaning bulls need an upside of 59.45% from its current market value. According to analyst projections, CAR’s forecast low is 105 with 248 as the target high. To hit the forecast high, the stock’s price needs a -294.53% plunge from its current level, while the stock would need to soar -67.04% for it to hit the projected low.
Avis Budget Group Inc (CAR) estimates and forecasts
Year-over-year growth is forecast to reach 1.65% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 2.49B. 5 analysts are of the opinion that Avis Budget Group Inc’s revenue for the current quarter will be 3.12B. The company’s revenue for the corresponding quarters a year ago was 2.55B and 3.05B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -2.20%. The estimates for the next quarter sales put growth at 2.23%.
The 2025 estimates are for Avis Budget Group Inc earnings to decrease by -61.87%, but the outlook for the next 5-year period is at -8.45% per year.
CAR Dividends
Avis Budget Group Inc is expected to release its next quarterly earnings report on 2025-Feb-10.
Avis Budget Group Inc (NASDAQ:CAR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.33% of Avis Budget Group Inc shares while 101.51% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 105.00%. There are 101.51% institutions holding the Avis Budget Group Inc stock share, with SRS INVESTMENT MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 48.1205% of the shares, roughly 17.13 million CAR shares worth $1.79 billion.
FMR LLC holds the second largest percentage of outstanding shares, with 9.0583% or 3.22 million shares worth $337.05 million as of 2024-06-30.
Among Mutual Funds, the top two as of Feb 28, 2025 were Fidelity Mt. Vernon Street Trust-Fidelity Growth Company Fund and iShares Trust-iShares Core S&P Mid-Cap ETF . With 867.51 shares estimated at $54.53 million under it, the former controlled 2.47% of total outstanding shares. On the other hand, iShares Trust-iShares Core S&P Mid-Cap ETF held about 1.56% of the shares, roughly 550.51 shares worth around $34.6 million.
