The price of Avis Budget Group Inc (NASDAQ: CAR) closed at $108.47 in the last session, down -3.07% from day before closing price of $111.91. On the day, 943435 shares were traded.
Ratios:
We take a closer look at CAR’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 0.80.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Goldman on April 04, 2024, Upgraded its rating to Neutral and sets its target price to $130 from $118 previously.
On March 25, 2024, Northcoast Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $155.
On March 19, 2024, BofA Securities started tracking the stock assigning a Buy rating and target price of $170.BofA Securities initiated its Buy rating on March 19, 2024, with a $170 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 15 ’23 when Ferraro Joseph A. sold 18,460 shares for $195.41 per share. The transaction valued at 3,607,258 led to the insider holds 217,405 shares of the business.
Martins Izilda P sold 3,950 shares of CAR for $773,647 on Dec 15 ’23. The EVP, Americas now owns 21,145 shares after completing the transaction at $195.86 per share. On Jun 13 ’23, another insider, Rankin Patrick K, who serves as the President, International of the company, sold 14,917 shares for $202.55 each. As a result, the insider received 3,021,438 and left with 59,672 shares of the company.
Valuation Measures:
As of this moment, Avis’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.54, and their Forward P/E ratio for the next fiscal year is 6.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.32.
Stock Price History:
Over the past 52 weeks, CAR has reached a high of $232.73, while it has fallen to a 52-week low of $99.60.
Shares Statistics:
A total of 35.00M shares are outstanding, with a floating share count of 34.37M. Insiders hold about 3.12% of the company’s shares, while institutions hold 96.16% stake in the company.
Earnings Estimates
The company has 8 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$2.27 for the current quarter, with a high estimate of $0.2 and a low estimate of -$3.77, while EPS last year was $7.72. The consensus estimate for the next quarter is $4.7, with high estimates of $6.82 and low estimates of $3.21.
Analysts are recommending an EPS of between $21.09 and $11.79 for the fiscal current year, implying an average EPS of $16.08. EPS for the following year is $17.57, with 7 analysts recommending between $25.33 and $11.82.
Revenue Estimates
According to 7 analysts, the current quarter’s revenue is expected to be $2.42B. It ranges from a high estimate of $2.57B to a low estimate of $1.77B. As of the current estimate, Avis Budget Group Inc’s year-ago sales were $2.56B, an estimated decrease of -5.50% from the year-ago figure.
A total of 8 analysts have provided revenue estimates for CAR’s current fiscal year. The highest revenue estimate was $12.26B, while the lowest revenue estimate was $8.41B, resulting in an average revenue estimate of $11.63B. In the same quarter a year ago, actual revenue was $12.01B, down -3.10% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $11.97B in the next fiscal year. The high estimate is $12.6B and the low estimate is $8.61B. The average revenue growth estimate for next year is up 2.90% from the average revenue estimate for this year.
