Avis Budget Group Inc [NASDAQ: CAR] gained 2.03% on the last trading session, reaching $1660000.0 price per share at the time.
Avis Budget Group Inc represents 35.00 million in outstanding shares, while the company has a total market value of $6.31 billion with the latest information. CAR stock price has been found in the range of $175.0674 to $189.4.
If compared to the average trading volume of 1.66M shares, CAR reached a trading volume of 3536232 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $116.75 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 2.10. 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.
Trading performance analysis for CAR stock
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 38.07. With this latest performance, CAR shares gained by 46.28% in over the last four-week period, additionally plugging by 121.41% over the last 6 months – not to mention a rise of 122.43% in the past year of trading.
Avis Budget Group Inc [CAR]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Avis Budget Group Inc [CAR] shares currently have an operating margin of 10.73% and a Gross Margin at 23.40%. Avis Budget Group Inc’s Net Margin is presently recorded at -18.96%.
Return on Equity for this stock declined to -7.07%, with Return on Assets sitting at -7.07%.
Avis Budget Group Inc [CAR]: An earnings per share (EPS) analysis
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 -12.16%.
An analysis of Institutional ownership at Avis Budget Group Inc [CAR]
There are presently around $112.76%, or 116.65% 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%.
