Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Avis Budget Group Inc (NASDAQ: CAR) closed the day trading at $102.09 up 0.43% from the previous closing price of $101.65. In other words, the price has increased by $0.43 from its previous closing price. On the day, 0.64 million shares were traded. CAR stock price reached its highest trading level at $103.46 during the session, while it also had its lowest trading level at $98.87.
Ratios:
For a better understanding of CAR, let’s 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, 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:
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 ’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:
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 3639222528 and an Enterprise Value of 29628805120. As of this moment, Avis’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.39, and their Forward P/E ratio for the next fiscal year is 5.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.30. Its current Enterprise Value per Revenue stands at 2.467 whereas that against EBITDA is 9.589.
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 -12.39%, while the 200-Day Moving Average is calculated to be -39.43%.
Shares Statistics:
Over the past 3-months, CAR traded about 893.13K shares per day on average, while over the past 10 days, CAR traded about 777340 shares per day. 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 96.18% stake in the company. Shares short for CAR as of 1711584000 were 3286565 with a Short Ratio of 3.68, compared to 1709164800 on 3231240. Therefore, it implies a Short% of Shares Outstanding of 3286565 and a Short% of Float of 25.45.
Earnings Estimates
At present, E-mini Health Care Select Secto analysts are actively evaluating the performance of Avis Budget Group Inc (CAR) in the stock market.The consensus estimate for the next quarter is $14.28, with high estimates of $71.44 and low estimates of $357.61.
