After finishing at $105.04 in the prior trading day, Avis Budget Group Inc (NASDAQ: CAR) closed at $107.19, up 2.05%. In other words, the price has increased by $+2.15 from its previous closing price. On the day, 1458886 shares were traded. CAR stock price reached its highest trading level at $109.27 during the session, while it also had its lowest trading level at $103.00.
Ratios:
Our goal is to gain a better understanding of CAR by taking a closer look at its different ratios. 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, Deutsche Bank on January 25, 2024, Upgraded its rating to Buy and sets its target price to $248 from $234 previously.
On July 20, 2023, Deutsche Bank Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $263.
Morgan Stanley Upgraded its Equal-Weight to Overweight on June 20, 2023, whereas the target price for the stock was revised from $182 to $230.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 15 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. The EVP, Americas now owns 21,145 shares after completing the transaction at $195.86 per share. On Jun 13, 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:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CAR now has a Market Capitalization of 3.80B and an Enterprise Value of 29.70B. As of this moment, Avis’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.51, and their Forward P/E ratio for the next fiscal year is 5.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.32. Its current Enterprise Value per Revenue stands at 2.35 whereas that against EBITDA is 5.25.
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. The 50-Day Moving Average of the stock is 163.02, while the 200-Day Moving Average is calculated to be 189.02.
Shares Statistics:
The stock has traded on average 790.46K shares per day over the past 3-months and 1.85M shares per day over the last 10 days, according to various share statistics. A total of 35.00M shares are outstanding, with a floating share count of 34.49M. Insiders hold about 2.78% of the company’s shares, while institutions hold 96.36% stake in the company. Shares short for CAR as of Jan 31, 2024 were 2.65M with a Short Ratio of 3.36, compared to 2.67M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 7.32% and a Short% of Float of 23.51%.
Dividends & Splits
The current Payout Ratio is 0.00% for CAR, which recently paid a dividend on Dec 21, 2023 with an ex-dividend date of Dec 14, 2023. Stock splits for the company last occurred on Sep 05, 2006 when the company split stock in a 1:10 ratio.
Earnings Estimates
Its stock is currently analyzed by 7 different market analysts. On average, analysts expect EPS of -$1.8 for the current quarter, with a high estimate of $0.2 and a low estimate of -$2.76, while EPS last year was $7.72. The consensus estimate for the next quarter is $4.87, with high estimates of $6.82 and low estimates of $3.35.
Analysts are recommending an EPS of between $21.09 and $13 for the fiscal current year, implying an average EPS of $17.27. EPS for the following year is $18.69, with 6 analysts recommending between $25.33 and $14.07.
Revenue Estimates
6 analysts predict $2.53B in revenue for the current quarter. It ranges from a high estimate of $2.57B to a low estimate of $2.48B. As of the current estimate, Avis Budget Group Inc’s year-ago sales were $2.56B, an estimated decrease of -1.10% from the year-ago figure.
A total of 7 analysts have provided revenue estimates for CAR’s current fiscal year. The highest revenue estimate was $12.26B, while the lowest revenue estimate was $11.94B, resulting in an average revenue estimate of $12.09B. In the same quarter a year ago, actual revenue was $12.01B, up 0.70% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $12.44B in the next fiscal year. The high estimate is $12.62B and the low estimate is $12.06B. The average revenue growth estimate for next year is up 2.90% from the average revenue estimate for this year.
