Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
As of close of business last night, Avis Budget Group Inc’s stock clocked out at $105.93, down -2.88% from its previous closing price of $109.07. In other words, the price has decreased by -$2.88 from its previous closing price. On the day, 0.8 million shares were traded. CAR stock price reached its highest trading level at $109.82 during the session, while it also had its lowest trading level at $104.5.
Ratios:
To gain a deeper understanding of CAR’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 0.70.
On September 19, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $105.
Goldman Upgraded its Sell to Neutral on April 04, 2024, whereas the target price for the stock was revised from $118 to $130.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future 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.
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 3722295552 and an Enterprise Value of 29961295872. As of this moment, Avis’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.68, and their Forward P/E ratio for the next fiscal year is 9.97. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.31. Its current Enterprise Value per Revenue stands at 2.53 whereas that against EBITDA is 16.266.
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 16.45%, while the 200-Day Moving Average is calculated to be 5.51%.
Shares Statistics:
It appears that CAR traded 700.01K shares on average per day over the past three months and 514140 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 101.04% stake in the company. Shares short for CAR as of 1731628800 were 2912673 with a Short Ratio of 4.16, compared to 1728950400 on 3070835. Therefore, it implies a Short% of Shares Outstanding of 2912673 and a Short% of Float of 23.48.
