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After finishing at $100.06 in the prior trading day, Avis Budget Group Inc (NASDAQ: CAR) closed at $99.06, down -1.00%. In other words, the price has decreased by -$1.00 from its previous closing price. On the day, 0.57 million shares were traded. CAR stock price reached its highest trading level at $101.6699 during the session, while it also had its lowest trading level at $97.32.
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 0.70 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:
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.
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 3480889088 and an Enterprise Value of 29719889920. As of this moment, Avis’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.05, and their Forward P/E ratio for the next fiscal year is 8.90. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.29. Its current Enterprise Value per Revenue stands at 2.509 whereas that against EBITDA is 16.135.
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 13.32%, while the 200-Day Moving Average is calculated to be -2.76%.
Shares Statistics:
The stock has traded on average 684.08K shares per day over the past 3-months and 707850 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 34.02M. Insiders hold about 3.18% of the company’s shares, while institutions hold 101.04% stake in the company. Shares short for CAR as of 1730332800 were 3344147 with a Short Ratio of 4.89, compared to 1727654400 on 2922301. Therefore, it implies a Short% of Shares Outstanding of 3344147 and a Short% of Float of 26.96.
