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The closing price of Avis Budget Group Inc (NASDAQ: CAR) was $96.83 for the day, up 4.17% from the previous closing price of $92.95. In other words, the price has increased by $4.17 from its previous closing price. On the day, 0.51 million shares were traded. CAR stock price reached its highest trading level at $96.88 during the session, while it also had its lowest trading level at $92.445.
Ratios:
Our analysis of CAR’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 0.70.
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 this company, Barclays on September 19, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $105.
On April 04, 2024, Goldman Upgraded its rating to Neutral which previously was Sell and also upped its target price recommendation from $118 to $130.
Northcoast Upgraded its Neutral to Buy on March 25, 2024, while the target price for the stock was maintained at $155.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 3402528768 and an Enterprise Value of 29641529344. As of this moment, Avis’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.85, and their Forward P/E ratio for the next fiscal year is 8.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.28. Its current Enterprise Value per Revenue stands at 2.503 whereas that against EBITDA is 16.092.
Stock Price History:
Over the past 52 weeks, CAR has reached a high of $202.50, while it has fallen to a 52-week low of $65.73. The 50-Day Moving Average of the stock is 16.50%, while the 200-Day Moving Average is calculated to be -6.98%.
Shares Statistics:
CAR traded an average of 651.37K shares per day over the past three months and 987500 shares per day over the past ten days. A total of 35.00M shares are outstanding, with a floating share count of 34.05M. Insiders hold about 3.11% of the company’s shares, while institutions hold 98.53% stake in the company. Shares short for CAR as of 1728950400 were 3070835 with a Short Ratio of 4.71, compared to 1726185600 on 3097114. Therefore, it implies a Short% of Shares Outstanding of 3070835 and a Short% of Float of 25.040000000000003.
