Avis Budget Group, Inc. (NASDAQ:CAR) traded with the volume of 2.06 Million Yesterday. The Stock Opened its session at $33.57 and closed at $32.56 by showing an decrease of -3.38 percent. Avis Budget Group, Inc. has 1 year price target of 44.25. The stock gained a consensus recommendation of 2.5 on Zacks Investment Research where the scale runs from 1 to 5, 1 representing Strong buy and 5 showing Strong Sell. The company is expected to report its next EPS (earnings per share) on Nov 01 AMC. The company reported its last quarter on Jun 16.
On Jun 16 Avis Budget Group, Inc. (NASDAQ:CAR) reported its EPS in the last quarter as $0.63/Share lagging the analyst estimate of $0.69/Share by the difference of $-0.06. This showed the surprise of -8.7% in the last quarter earnings. For the Current Quarter, 3 analyst are projecting the mean EPS to be $-0.21/share. According to their observations and findings, the stock could provide a high EPS of $-0.11/share and a Low EPS of $-0.4/share.
The 8 analysts offering 12-month price forecasts for Avis Budget Group Inc have a median target of 44.50, with a high estimate of 74.00 and a low estimate of 20.00. The median estimate represents a +36.67% increase from the last price of 32.56. (CNN MONEY)
Many Analysts provided their foresight on Revenue Estimates of Avis Budget Group, Inc. where they believe that the company has the potential to earn average revenue of $2.66 Billion for the current quarter. According to their predictions High & Low revenue estimates are 2.67 Billion and 2.63 Billion respectively.
Avis Budget Group, Inc. (NASDAQ:CAR) topped its 52-week high price of $53.04 on Nov 2, 2015 and 52-Week Low Price of $21.73 on Feb 25, 2016. The Stock currently has the market capitalization of $3.06 Million, P/E (price to earnings ttm) of 20.77 and Weekly volatility of 3.29%% and monthly volatility of 4.24%% respectively.
Avis Budget Group, Inc. is currently showing -4.1% EPS growth this year. The Next Year EPS growth is 13.8%, Long term annual growth estimate of 10%, Annual EPS growth past 5 years of -0.93 percent. The Company currently has Insider ownership of 2.2 Percent and Institutional Ownership of 0 Percent. The Return on Assets stands at 0.9%, Return on Equity shows 37.5% and Return on Investment value is 5.6%.
Avis Budget Group, Inc. Gross Margin percentage stands at 49% while its Operating Margin for trailing twelve month is 8.6 percent and Profit margin (ttm) is 1.9 Percent. The stock is currently moving above its 20-Day Simple Moving Average of -10.43% with the 50-Day Simple Moving Average of -10.43 percent. Currently, the company has SMA200 (200-day simple moving average) of 6.02 Percent. The Stock has YTD (year to date) performance of -10.28 percent.
Many research firms have provided their ratings on Avis Budget Group, Inc. (NASDAQ:CAR) where Macquarie provided Outperformrating on the stock on 26-Aug-16. Other firms include Sterne Agee CRT giving Buy rating on 22-Mar-16.
In the past 6 months, 0 Insider purchases and 3 Insider Sales were made in which 4939 shares were exchanged as Insider Sales.
The latest Insider trade was made on 18 Sep 2016 where Nelson (Ronald L) Officer and Director did a transaction type “Sell” in which 49375 shares were traded at a price of $38. Another insider trade includes Officer and Director Nelson (Ronald L) who also initiated a transaction in which 625 shares were traded on 15 Sep 2016 as “Sell”.
Avis Budget Group, Inc. is a leading provider of vehicle rental services, with operations in more than seventy countries. Through its Avis and Budget brands, the company is the largest general-use vehicle rental company in each of North America, Australia, New Zealand and certain other regions. Avis Budget Group is headquartered in Parsippany, N.J. Avis is a leading supplier to the premium commercial and leisure segments of the travel industry, and Budget is a leading supplier to price-conscious car rental segments. Avis Budget Group maintains the leading share of airport car rental revenue, and we operate the second largest consumer truck rental business in the United States. The company generate significant benefits from operating two distinctive car rental brands targeting different market segments but share the same fleet, maintenance facilities, technology and administrative infrastructure