Avis Budget Group Inc [NASDAQ: CAR] stock went on an upward path that rose over 20.49% on Thursday, amounting to a one-week price increase of more than 28.04%.
Over the last 12 months, CAR stock dropped by -37.40%. The one-year Avis Budget Group Inc stock forecast points to a potential upside of 34.66. The average equity rating for CAR stock is currently 1.80, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.60 billion, with 35.00 million shares outstanding and 33.94 million shares in the current float. Compared to the average trading volume of 883.44K shares, CAR stock reached a trading volume of 6014552 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 5.58, with the Price to Sales ratio for CAR stock in the period of the last 12 months amounting to 0.22.
CAR Stock Performance Analysis:
Avis Budget Group Inc [CAR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 28.04. With this latest performance, CAR shares dropped by -7.96% in over the last four-week period, additionally sinking by -14.92% over the last 6 months – not to mention a drop of -37.40% 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 55.11, with the RSI for the last a single of trading hit 63.88, and the three-weeks RSI is set at 50.74 for Avis Budget Group Inc [CAR]. The present Moving Average for the last 50 days of trading for this stock 79.92, while it was recorded at 63.30 for the last single week of trading, and 88.96 for the last 200 days.
Insight into Avis Budget Group Inc 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.
CAR Stock EPS
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%.
Avis Budget Group Inc [CAR] Institutonal Ownership Details
There are presently around $101.72%, or 104.84%% 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%.
