Avis Budget Group Inc (NASDAQ: CAR) has a price-to-earnings ratio of 3.89x that is above its average ratio. Additionally, the 36-month beta value for CAR is 2.14. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 rating it as “hold,” and 1 rating it as “sell.”
The public float for CAR is 34.56M and currently, short sellers hold a 8.46% ratio of that float. The average trading volume of CAR on October 17, 2024 was 613.89K shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
CAR) stock’s latest price update
The stock price of Avis Budget Group Inc (NASDAQ: CAR) has jumped by 6.02 compared to previous close of 77.47. Despite this, the company has seen a fall of -6.30% in its stock price over the last five trading days. prnewswire.com reported 2024-10-15 that Patient showed clinical activity after initial treatment, with necrosis, inflammation, and T cell infiltration observed in tumor biopsy from the lowest dose SAN JOSE, Calif., Oct. 15, 2024 /PRNewswire/ — Anixa Biosciences, Inc. (“Anixa” or the “Company”) (NASDAQ: ANIX), a biotechnology company focused on the treatment and prevention of cancer, today announced that it has administered the second dose of its CAR-T therapy to an individual patient.
CAR’s Market Performance
Avis Budget Group Inc (CAR) has seen a -6.30% fall in stock performance for the week, with a -1.16% decline in the past month and a -24.75% plunge in the past quarter. The volatility ratio for the week is 5.14%, and the volatility levels for the past 30 days are at 4.35% for CAR. The simple moving average for the past 20 days is -3.78% for CAR’s stock, with a -26.25% simple moving average for the past 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 $105 based on the research report published on September 19, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see CAR reach a price target of $130, previously predicting the price at $118. The rating they have provided for CAR stocks is “Neutral” according to the report published on April 04th, 2024.
Northcoast gave a rating of “Buy” to CAR, setting the target price at $155 in the report published on March 25th of the current year.
CAR Trading at -1.07% 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 -59.44% of loss for the given period.
Volatility was left at 4.35%, however, over the last 30 days, the volatility rate increased by 5.14%, as shares sank -3.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.80% lower at present.
During the last 5 trading sessions, CAR fell by -6.30%, which changed the moving average for the period of 200-days by -53.67% in comparison to the 20-day moving average, which settled at $85.36. In addition, Avis Budget Group Inc saw -53.67% 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:
- 0.22 for the present operating margin
- 0.35 for the gross margin
The net margin for Avis Budget Group Inc stands at 0.07. The total capital return value is set at 0.09.
Based on Avis Budget Group Inc (CAR), the company’s capital structure generated 1.09 points at debt to capital in total, while cash flow to debt ratio is standing at 0.6. The debt to equity ratio resting at -11.89. The interest coverage ratio of the stock is 4.81.
Currently, EBITDA for the company is 5.8 billion with net debt to EBITDA at 6.14. When we switch over and look at the enterprise to sales, we see a ratio of 2.52. The receivables turnover for the company is 8.29for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.86.
Conclusion
In conclusion, Avis Budget Group Inc (CAR) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
