Avis Budget Group Inc (NASDAQ: CAR) is -52.39% lower on its value in year-to-date trading and has touched a low of $65.73 and a high of $202.50 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 $87.65 in the last trading session, with the day’s loss setting it -3.25%.
Currently trading at $84.40, the stock is -1.12% and 1.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.75 million and changing -3.71% at the moment leaves the stock -25.52% off its SMA200. CAR registered -50.96% loss for a year compared to 6-month loss of -30.27%. The firm has a 50-day simple moving average (SMA 50) of $83.5334 and a 200-day simple moving average (SMA200) of $113.3169.
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The stock witnessed a 22.12% gain in the last 1 month and extending the period to 3 months gives it a -21.44%, and is 0.64% 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 3.58% over the week and 4.51% over the month.
Avis Budget Group Inc (CAR) has around 24500 employees, a market worth around $3.01B and $11.93B in sales. Current P/E ratio is 4.00 and Fwd P/E is 6.08. Profit margin for the company is 6.58%. Distance from 52-week low is 28.40% and -58.32% from its 52-week high. The company has generated returns on investments over the last 12 months (2.96%).
The EPS is expected to shrink by -82.44% this year
359.0 institutions hold shares in Avis Budget Group Inc (CAR), with institutional investors hold 101.50% of the company’s shares. The shares outstanding are 35.00M, and float is at 34.56M with Short Float at 8.46%. Institutions hold 98.62% of the Float.
The top institutional shareholder in the company is SRS INVESTMENT MANAGEMENT, LLC with over 17.13 million shares valued at $1.79 billion. The investor’s holdings represent 48.1205 of the CAR Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 3.22 million shares valued at $337.05 million to account for 9.0583 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 1.76 million shares representing 4.9431 and valued at over $183.93 million, while VANGUARD GROUP INC holds 4.5171 of the shares totaling 1.61 million with a market value of $168.08 million.
Avis Budget Group Inc (CAR) Insider Activity
The most recent transaction is an insider sale by Ferraro Joseph A., the company’s President 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.
