Avis Budget Group Inc (CAR) Stock: A Study of the Market Performance

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The stock of Avis Budget Group Inc (CAR) has gone down by -15.73% for the week, with a -11.85% drop in the past month and a -37.67% drop in the past quarter. The volatility ratio for the week is 4.69%, and the volatility levels for the past 30 days are 3.59% for CAR. The simple moving average for the past 20 days is -13.77% for CAR’s stock, with a -39.90% simple moving average for the past 200 days.

Is It Worth Investing in Avis Budget Group Inc (NASDAQ: CAR) Right Now?

Avis Budget Group Inc (NASDAQ: CAR) has a price-to-earnings ratio that is above its average at 2.39x. The stock has a 36-month beta value of 2.26. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 1 as “sell.”

The public float for CAR is 34.37M, and at present, short sellers hold a 9.56% of that float. On April 19, 2024, the average trading volume of CAR was 883.19K shares.

CAR) stock’s latest price update

Avis Budget Group Inc (NASDAQ: CAR)’s stock price has plunge by -3.18relation to previous closing price of 105.35. Nevertheless, the company has seen a -15.73% plunge in its stock price over the last five trading sessions. Schaeffers Research reported 2024-04-18 that Expiration Week Countdown subscribers just quadrupled their money in less than five days with our Avis Budget Group Inc  (NASDAQ:CAR) April 115 put recommendation, which they received on Sunday, April 14.

Analysts’ Opinion of CAR

Many brokerage firms have already submitted their reports for CAR stocks, with Goldman repeating the rating for CAR by listing it as a “Neutral.” The predicted price for CAR in the upcoming period, according to Goldman is $130 based on the research report published on April 04, 2024 of the current year 2024.

Northcoast, on the other hand, stated in their research note that they expect to see CAR reach a price target of $155. The rating they have provided for CAR stocks is “Buy” according to the report published on March 25th, 2024.

BofA Securities gave a rating of “Buy” to CAR, setting the target price at $170 in the report published on March 19th of the current year.

CAR Trading at -14.35% 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 -56.17% of loss for the given period.

Volatility was left at 3.59%, however, over the last 30 days, the volatility rate increased by 4.69%, as shares sank -12.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -38.27% lower at present.

During the last 5 trading sessions, CAR fell by -15.73%, which changed the moving average for the period of 200-days by -55.28% in comparison to the 20-day moving average, which settled at $117.56. In addition, Avis Budget Group Inc saw -42.46% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at CAR starting from Ferraro Joseph A., who sale 18,460 shares at the price of $195.41 back on Dec 15 ’23. After this action, Ferraro Joseph A. now owns 217,405 shares of Avis Budget Group Inc, valued at $3,607,258 using the latest closing price.

Martins Izilda P, the EVP, Americas of Avis Budget Group Inc, sale 3,950 shares at $195.86 during a trade that took place back on Dec 15 ’23, which means that Martins Izilda P is holding 21,145 shares at $773,647 based on the most recent closing price.

Stock Fundamentals for CAR

Current profitability levels for the company are sitting at:

  • 0.32 for the present operating margin
  • 0.63 for the gross margin

The net margin for Avis Budget Group Inc stands at 0.14. The total capital return value is set at 0.12.

Based on Avis Budget Group Inc (CAR), the company’s capital structure generated 1.07 points at debt to capital in total, while cash flow to debt ratio is standing at 0.71. The debt to equity ratio resting at -15.47. The interest coverage ratio of the stock is 7.22.

Currently, EBITDA for the company is 5.8 billion with net debt to EBITDA at 7.62. When we switch over and look at the enterprise to sales, we see a ratio of 2.46. The receivables turnover for the company is 11.0for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.80.

Conclusion

To sum up, Avis Budget Group Inc (CAR) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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