Avis Budget Group Inc (NASDAQ: CAR) is -30.92% lower on its value in year-to-date trading and has touched a low of $99.60 and a high of $232.73 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CAR stock was last observed hovering at around $123.23 in the last trading session, with the day’s loss setting it -0.77%.
Currently trading at $122.46, the stock is 9.26% and -7.57% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.76 million and changing -0.62% at the moment leaves the stock -30.36% off its SMA200. CAR registered -27.42% loss for a year compared to 6-month loss of -27.74%. The firm has a 50-day simple moving average (SMA 50) of $2.39 and a 200-day simple moving average (SMA200) of $5.34.
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The stock witnessed a 13.46% gain in the last 1 month and extending the period to 3 months gives it a -31.78%, and is 6.26% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.01% over the week and 3.96% over the month.
Avis Budget Group Inc (CAR) has around 24500 employees, a market worth around $4.34B and $12.01B in sales. Current P/E ratio is 2.87 and Fwd P/E is 6.65. Profit margin for the company is 13.59%. Distance from 52-week low is 22.96% and -47.38% from its 52-week high. The company has generated returns on investments over the last 12 months (6.40%).
Avis Budget Group Inc quarterly earnings per share for the current quarter are estimated at -$1.99 with sales reaching $2.42B over the same period.The EPS is expected to shrink by -61.30% this year, but quarterly earnings will post -3.10% year-over-year. Quarterly sales are estimated to shrink -5.20% in year-over-year returns.
Avis Budget Group Inc (CAR) Top Institutional Holders
398 institutions hold shares in Avis Budget Group Inc (CAR), with institutional investors hold 100.55% of the company’s shares. The shares outstanding are 35.00M, and float is at 34.37M with Short Float at 9.02%. Institutions hold 97.85% of the Float.
The top institutional shareholder in the company is Srs Investment Management, Llc with over 18.43 million shares valued at $4.21 billion. The investor’s holdings represent 47.58% of the CAR Shares outstanding. As of Jun 29, 2023, the second largest holder is FMR, LLC with 5.36 million shares valued at $1.23 billion to account for 13.83% of the shares outstanding. The other top investors are Blackrock Inc. which holds 2.19 million shares representing 5.66% and valued at over $501.12 million, while Vanguard Group Inc holds 5.19% of the shares totaling 2.01 million with a market value of $459.46 million.
Avis Budget Group Inc (CAR) Insider Activity
The most recent transaction is an insider sale by Ferraro Joseph A.,the company’sPresident and CEO. SEC filings show that Ferraro Joseph A. sold 18,460 shares of the company’s common stock on Dec 15 ’23 at a price of $195.41 per share for a total of $3.61 million. Following the sale, the insider now owns 0.22 million shares.
Avis Budget Group Inc disclosed in a document filed with the SEC on Dec 15 ’23 that Martins Izilda P (EVP, Americas) sold a total of 3,950 shares of the company’s common stock. The trade occurred on Dec 15 ’23 and was made at $195.86 per share for $0.77 million. Following the transaction, the insider now directly holds 21145.0 shares of the CAR stock.
Still, SEC filings show that on Jun 13 ’23, Rankin Patrick K (President, International) disposed off 14,917 shares at an average price of $202.55 for $3.02 million. The insider now directly holds 59,672 shares of Avis Budget Group Inc (CAR).
