CAR Stock Summary and Trading Ideas (Avis Budget Group | NASDAQ:CAR)

Avis Budget Group Inc is a provider of automotive vehicle rental and car-sharing services. Its brands include Avis, Budget, and Zipcar. Avis is targeted to serve the premium commercial and leisure segments of the travel industry, while Budget is focused on value-conscious customers. The company operates its own network of rental locations and licenses its brands to franchisees. Zipcar is a car-sharing service that allows members to use the company-owned Zipcar fleet at an hourly rate. The company's largest region by revenue is the Americas.

Avis Budget Group trades on the NASDAQ stock market under the symbol CAR.

As of January 17, 2025, CAR stock price climbed to $90.18 with 862,404 million shares trading.

CAR has a market cap of $3.17 billion. This is considered a Mid Cap stock.

Last quarter Avis Budget Group reported $3 billion in Revenue and $6.65 earnings per share. This fell short of revenue expectation by $-50 million and missed earnings estimates by -$1.53.

In the last 3 years, CAR traded as high as $327.80 and as low as $65.73.

The top ETF exchange traded funds that CAR belongs to (by Net Assets): IJH, VTI, VB, VBR, VXF.

CAR has underperformed the market in the last year with a return of -43.4%, while SPY returned +28.0%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CAR shares. However, CAR has outperformed the market in the last 3 month and 2 week periods, returning +12.4% and +10.3%, while SPY returned +3.0% and +1.0%, respectively. This indicates CAR has been having a stronger performance recently.

CAR support price is $85.88 and resistance is $91.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CAR shares will trade within this expected range on the day.