Avis Budget Group Inc (CAR) is looking forward to a strong quarter

With 0.55 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.9 million shares. During the session, the Rental & Leasing Services company that operates in wider Industrials sector, reached to the highest price of $130.0 whereas the lowest price it dropped to was $121.565. The 52-week range on CAR shows that it touched its highest point at $232.73 and its lowest point at $93.53 during that stretch. It currently has a 1-year price target of $157.75. CAR paid its most recent dividend on 1702512000, while the ex-dividend date for that was 1702512000. Beta for the stock currently stands at 2.29.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CAR was up-trending over the past week, with a rise of 1.25%, but this was up by 12.43% over a month. Three-month performance surged to 1.70% while six-month performance fell -31.21%. The stock lost -21.21% in the past year, while it has lost -31.20% so far this year. A look at the trailing 12-month EPS for CAR yields 31.71 with Next year EPS estimates of 16.75. For the next quarter, that number is 2.91. This implies an EPS growth rate of -72.43% for this year and 41.91% for next year.

Float and Shares Shorts:

At present, 35.00 million CAR shares are outstanding with a float of 34.55 million shares on hand for trading. On 2024-04-30, short shares totaled 3.39 million, which was 950.0 higher than short shares on 1711584000. In addition to Mr. Bernardo Vieira Hees as the firm’s Non-Independent Executive Chairman, Mr. Joseph A. Ferraro serves as its CEO & President.

Institutional Ownership:

Through their ownership of 0.94931 of CAR’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, CAR reported revenue of $2512000000.0 and operating income of -$54000000.0. The EBITDA in the recently reported quarter was $870000000.0 and diluted EPS was -$3.21.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CAR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.