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In the latest session, Avis Budget Group Inc (NASDAQ: CAR) closed at $100.78 down -3.78% from its previous closing price of $104.74. In other words, the price has decreased by -$3.78 from its previous closing price. On the day, 0.53 million shares were traded. CAR stock price reached its highest trading level at $104.49 during the session, while it also had its lowest trading level at $99.725.
Ratios:
For a deeper understanding of Avis Budget Group Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.76 and its Current Ratio is at 0.76.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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.
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 3592524800 and an Enterprise Value of 30496520192. As of this moment, Avis’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.18, and their Forward P/E ratio for the next fiscal year is 6.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.30. Its current Enterprise Value per Revenue stands at 2.541 whereas that against EBITDA is 11.422.
Stock Price History:
Over the past 52 weeks, CAR has reached a high of $223.88, while it has fallen to a 52-week low of $93.53. The 50-Day Moving Average of the stock is -7.12%, while the 200-Day Moving Average is calculated to be -26.68%.
Shares Statistics:
For the past three months, CAR has traded an average of 620.96K shares per day and 429130 over the past ten days. A total of 35.00M shares are outstanding, with a floating share count of 34.55M. Insiders hold about 3.08% of the company’s shares, while institutions hold 98.60% stake in the company. Shares short for CAR as of 1721001600 were 2540098 with a Short Ratio of 4.09, compared to 1718323200 on 3325666. Therefore, it implies a Short% of Shares Outstanding of 2540098 and a Short% of Float of 19.67.
Earnings Estimates
Investors are keenly observing as 7.0 analysts analyze and rate the current performance of Avis Budget Group Inc (CAR) in the stock market.On average, analysts expect EPS of $2.58 for the current quarter, with a high estimate of $3.44 and a low estimate of $1.9, while EPS last year was $11.01. The consensus estimate for the next quarter is $10.16, with high estimates of $11.98 and low estimates of $9.35.
Analysts are recommending an EPS of between $14.11 and $4.25 for the fiscal current year, implying an average EPS of $10.47. EPS for the following year is $15.11, with 7.0 analysts recommending between $21.06 and $12.14.
Revenue Estimates
For the next quarter, 6 analysts are estimating revenue of $3.63B. There is a high estimate of $3.71B for the next quarter, whereas the lowest estimate is $3.52B.
A total of 7 analysts have provided revenue estimates for CAR’s current fiscal year. The highest revenue estimate was $12.35B, while the lowest revenue estimate was $11.9B, resulting in an average revenue estimate of $12.16B. In the same quarter a year ago, actual revenue was $12.01BBased on 7 analysts’ estimates, the company’s revenue will be $12.57B in the next fiscal year. The high estimate is $12.72B and the low estimate is $12.45B.
