Avis Budget Group Inc (NASDAQ: CAR) is 13.83% higher on its value in year-to-date trading and has touched a low of $54.03 and a high of $132.25 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CAR stock was last observed hovering at around $94.60 in the last trading session, with the day’s loss setting it -2.84%.
Currently trading at $91.76, the stock is 17.46% and 22.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.34 million and changing -3.00% at the moment leaves the stock 6.90% off its SMA200. CAR registered -7.84% loss for a year compared to 6-month loss of 9.80%. The firm has a 50-day simple moving average (SMA 50) of $74.7546 and a 200-day simple moving average (SMA200) of $85.8352.
The stock witnessed a 22.90% gain in the last 1 month and extending the period to 3 months gives it a -0.60%, and is 8.09% 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 5.44% over the week and 8.50% over the month.
Avis Budget Group Inc (CAR) has around 24000 employees, a market worth around $3.23B and $11.79B in sales. Fwd P/E is 6.03. Profit margin for the company is -15.45%. Distance from 52-week low is 69.83% and -30.62% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.89%).
with sales reaching $2.49B over the same period.The EPS is expected to shrink by -60.59% this year, but quarterly earnings will post 1.36% year-over-year. Quarterly sales are estimated to shrink -2.30% in year-over-year returns.
Avis Budget Group Inc (CAR) Top Institutional Holders
355.0 institutions hold shares in Avis Budget Group Inc (CAR), with institutional investors hold 104.99% of the company’s shares. The shares outstanding are 35.00M, and float is at 34.02M with Short Float at 14.60%. Institutions hold 101.50% 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 KROMINGA LYNN, the company’s Director. SEC filings show that KROMINGA LYNN sold 1,405 shares of the company’s common stock on Feb 20 ’25 at a price of $95.00 per share for a total of $0.13 million. Following the sale, the insider now owns 1950.0 shares.
Avis Budget Group Inc disclosed in a document filed with the SEC on Feb 18 ’25 that KROMINGA LYNN (Director) sold a total of 661 shares of the company’s common stock. The trade occurred on Feb 18 ’25 and was made at $95.00 per share for $62795.0. Following the transaction, the insider now directly holds 3355.0 shares of the CAR stock.
Still, SEC filings show that on Feb 18 ’25, KROMINGA LYNN (Director) Proposed Sale 2,066 shares at an average price of $95.00 for $0.2 million. The insider now directly holds shares of Avis Budget Group Inc (CAR).
