Avis Budget Group Inc. (NASDAQ:CAR) went down by -4.72% from its latest closing price compared to the recent 1-year high of $545.11. The company’s stock price has collected 16.49% of gains in the last five trading sessions. Barron’s reported on 05/03/22 that Avis Earnings Smash Estimates. But Analyst Says Strength May Be ‘Unsustainable.’
Is It Worth Investing in Avis Budget Group Inc. (NASDAQ :CAR) Right Now?
Avis Budget Group Inc. (NASDAQ:CAR) scored a price-to-earnings ratio above its average ratio, recording 5.34 x from its present earnings ratio. Plus, the 36-month beta value for CAR is at 2.10. Opinions of the stock are interesting as 1 analysts out of 5 who provided ratings for Avis Budget Group Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 3 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $217.75, which is $46.46 above the current price. CAR currently public float of 47.49M and currently shorts hold a 8.37% ratio of that float. Today, the average trading volume of CAR was 997.03K shares.
CAR’s Market Performance
CAR stocks went up by 16.49% for the week, with a monthly jump of 14.33% and a quarterly performance of -38.50%, while its annual performance rate touched 100.77%. The volatility ratio for the week stands at 9.76% while the volatility levels for the past 30 days are set at 6.44% for Avis Budget Group Inc. The simple moving average for the period of the last 20 days is 8.99% for CAR stocks with a simple moving average of -18.54% for the last 200 days.
Analysts’ Opinion of CAR
Many brokerage firms have already submitted their reports for CAR stocks, with Barclays repeating the rating for CAR by listing it as a “Equal Weight.” The predicted price for CAR in the upcoming period, according to Barclays is $245 based on the research report published on April 20th of the current year 2022.
JP Morgan gave a rating of “Neutral” to CAR, setting the target price at $205 in the report published on January 26th of the current year.
CAR Trading at 3.49% from the 50-Day Moving Average
After a stumble in the market that brought CAR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -68.35% of loss for the given period.
Volatility was left at 6.44%, however, over the last 30 days, the volatility rate increased by 9.76%, as shares surge +10.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.00% lower at present.
During the last 5 trading sessions, CAR rose by +16.49%, which changed the moving average for the period of 200-days by +17.22% in comparison to the 20-day moving average, which settled at $159.16. In addition, Avis Budget Group Inc. saw -16.80% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at CAR starting from Hees Bernardo, who purchase 29,400 shares at the price of $168.69 back on Jun 10. After this action, Hees Bernardo now owns 479,876 shares of Avis Budget Group Inc., valued at $4,959,374 using the latest closing price.
Hees Bernardo, the Executive Chairman of Avis Budget Group Inc., purchase 28,334 shares at $172.78 during a trade that took place back on May 24, which means that Hees Bernardo is holding 450,476 shares at $4,895,558 based on the most recent closing price.
Stock Fundamentals for CAR
Current profitability levels for the company are sitting at:
- +22.42 for the present operating margin
- +36.39 for the gross margin
The net margin for Avis Budget Group Inc. stands at +13.80. Equity return is now at value -596.20, with 8.80 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.77.