Avis Budget Group Inc (NASDAQ:CAR)’s traded shares stood at 2.07 million during the last session, with the company’s beta value hitting 2.10. At the close of trading, the stock’s price was $73.92, to imply an increase of 17.59% or $11.06 in intraday trading. The CAR share’s 52-week high remains $132.25, putting it -78.91% down since that peak but still an impressive 26.91% since price per share fell to its 52-week low of $54.03. The company has a valuation of $2.60B, with an average of 2.66 million shares in intraday trading volume over the past 10 days and average of 1.20 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Avis Budget Group Inc (CAR), translating to a mean rating of 1.80. Of 7 analyst(s) looking at the stock, 0 analyst(s) give CAR a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -5.45.
Avis Budget Group Inc (NASDAQ:CAR) trade information
After registering a 17.59% upside in the last session, Avis Budget Group Inc (CAR) has traded red over the past five days. The 5-day price performance for the stock is -3.72%, and 15.88% over 30 days. With these gigs, the year-to-date price performance is -8.30%. Short interest in Avis Budget Group Inc (NASDAQ:CAR) saw shorts transact 4.58 million shares and set a 3.99 days time to cover.
The extremes give us $105 and $248 for target low and target high price respectively. As such, CAR has been trading -235.5% off suggested target high and -42.05% from its likely low.
Avis Budget Group Inc (CAR) estimates and forecasts
The rating firms project that company’s revenue will grow 1.65% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 2.49B. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 3.12B.Earnings reports from the last fiscal year show that sales brought in 2.55B and 3.05B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -2.20% before jumping 2.23% in the following quarter.
CAR Dividends
Avis Budget Group Inc has its next earnings report out on 2025-Feb-10. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Avis Budget Group Inc (NASDAQ:CAR)’s Major holders
Avis Budget Group Inc insiders hold 3.33% of total outstanding shares, with institutional holders owning 101.51% of the shares at 105.00% float percentage. In total, 101.51% institutions holds shares in the company, led by SRS INVESTMENT MANAGEMENT, LLC. As of 2024-06-30, the company held over 17.13 million shares (or 48.1205% of shares), all amounting to roughly $1.79 billion.
The next major institution holding the largest number of shares is FMR LLC with 3.22 million shares, or about 9.0583% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $337.05 million.
We also have Fidelity Mt. Vernon Street Trust-Fidelity Growth Company Fund and iShares Trust-iShares Core S&P Mid-Cap ETF as the top two Mutual Funds with the largest holdings of the Avis Budget Group Inc (CAR) shares. Going by data provided on Feb 28, 2025 , Fidelity Mt. Vernon Street Trust-Fidelity Growth Company Fund holds roughly 867.51 shares. This is just over 2.47% of the total shares, with a market valuation of $64.13 million. Data from the same date shows that the other fund manager holds a little less at 550.51, or 1.56% of the shares, all valued at about 40.69 million.
