Bank of America Throws Its Weight Behind These 2 ‘Strong Buy’ Stocks
TipRanks (Sun, 5-May 5:11 AM ET)
Avis Budget Group Reports First Quarter Results
Globe Newswire (Wed, 1-May 4:00 PM ET)
Avis Budget Group to Announce First Quarter 2024 Results on May 1st
Globe Newswire (Fri, 19-Apr 6:59 PM ET)
Moore Law, PLLC Encourages Avis Budget Group Investors to Contact Law Firm
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Avis Budget Group Announces Pricing of 600 Million of Senior Notes
Globe Newswire (Wed, 21-Feb 1:50 PM ET)
Avis Budget Group Announces Intention to Offer 400 Million of Senior Notes
Globe Newswire (Tue, 20-Feb 3:46 AM ET)
Avis Budget Group Reports Fourth Quarter and Full Year Results
Globe Newswire (Mon, 12-Feb 4:02 PM ET)
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 May 8, 2024, CAR stock price declined to $119.72 with 198,507 million shares trading.
CAR has a beta of 1.98, meaning it tends to be more sensitive to market movements. CAR has a correlation of 0.16 to the broad based SPY ETF.
CAR has a market cap of $4.25 billion. This is considered a Mid Cap stock.
Last quarter Avis Budget Group reported $3 billion in Revenue and -$3.21 earnings per share. This beat revenue expectation by $141 million and missed earnings estimates by -$.81.
In the last 3 years, CAR stock traded as high as $545.11 and as low as $65.87.
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 -22.5%, while the SPY ETF gained +26.9%. In the last 3 month period, CAR fell short of the market, returning -28.1%, while SPY returned +4.1%. However, in the most recent 2 weeks CAR has outperformed the stock market by returning +16.7%, while SPY returned +2.2%.
CAR support price is $117.89 and resistance is $125.33 (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 stock will trade within this expected range on the day.