Avis Budget Group Inc [NASDAQ: CAR] slipped around -7.15 points on Thursday, while shares priced at $55.49 at the close of the session, down -11.41%.
Compared to the average trading volume of 724.81K shares, CAR reached a trading volume of 3462119 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Avis Budget Group Inc [CAR]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CAR shares is $113.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CAR stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Northcoast have made an estimate for Avis Budget Group Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 18, 2024. While these analysts kept the previous recommendation, Barclays raised their target price to Equal Weight. The new note on the price target was released on September 19, 2024, representing the official price target for Avis Budget Group Inc stock. Previously, the target price had yet another raise from $118 to $130, while Goldman kept a Neutral rating on CAR stock.
The Average True Range (ATR) for Avis Budget Group Inc is set at 5.25, with the Price to Sales ratio for CAR stock in the period of the last 12 months amounting to 0.17.
How has CAR stock performed recently?
Avis Budget Group Inc [CAR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -24.81. With this latest performance, CAR shares dropped by -38.15% in over the last four-week period, additionally sinking by -17.71% over the last 6 months – not to mention a drop of -50.35% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CAR stock in for the last two-week period is set at 20.15, with the RSI for the last a single of trading hit 13.35, and the three-weeks RSI is set at 25.50 for Avis Budget Group Inc [CAR]. The present Moving Average for the last 50 days of trading for this stock 84.33, while it was recorded at 65.60 for the last single week of trading, and 91.42 for the last 200 days.
Avis Budget Group Inc [CAR]: Deeper insight into the fundamentals
Avis Budget Group Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.75 and a Current Ratio set at 0.75.
Earnings analysis for Avis Budget Group Inc [CAR]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CAR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Avis Budget Group Inc go to -8.45%.
Insider trade positions for Avis Budget Group Inc [CAR]
There are presently around $101.73%, or 104.76%% of CAR stock, in the hands of institutional investors. The top three institutional holders of CAR stocks are: SRS INVESTMENT MANAGEMENT, LLC with ownership of 17.13 million shares, which is approximately 48.1205%. FMR LLC, holding 3.22 million shares of the stock with an approximate value of $$337.05 million in CAR stocks shares; and FMR LLC, currently with $$183.93 million in CAR stock with ownership which is approximately 4.9431%.
