Avis Budget Group Inc [CAR] stock is trading at $79.13, up 3.63%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CAR shares have gain 13.55% over the last week, with a monthly amount drifted -9.80%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Avis Budget Group Inc [NASDAQ: CAR] stock has seen the most recent analyst activity on April 04, 2024, when Goldman upgraded its rating to a Neutral and also boosted its price target to $130 from $118. Previously, Northcoast upgraded its rating to Buy on March 25, 2024, and kept the price target unchanged to $155. On March 19, 2024, BofA Securities initiated with a Buy rating and assigned a price target of $170 on the stock. Deutsche Bank upgraded its rating to a Buy and increased its price target to $248 on January 25, 2024. Deutsche Bank downgraded its rating to a Hold but $263 remained the price target by the analyst firm on July 20, 2023. Morgan Stanley upgraded its rating to Overweight for this stock on June 20, 2023, and upped its price target to $230. In a note dated May 31, 2023, Deutsche Bank upgraded an Buy rating on this stock and boosted its target price from $239 to $263.
Avis Budget Group Inc [CAR] stock has fluctuated between $65.73 and $202.50 over the past year. Currently, Wall Street analysts expect the stock to reach $176.43 within the next 12 months. Avis Budget Group Inc [NASDAQ: CAR] shares were valued at $79.13 at the most recent close of the market. An investor can expect a potential return of 122.96% based on the average CAR price forecast.
Analyzing the CAR fundamentals
Avis Budget Group Inc [NASDAQ:CAR] reported sales of 11.93B for the trailing twelve months, which represents a drop of -2.40%. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is -2.26 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -11.89.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 76.40 points at the first support level, and at 73.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 81.88, and for the 2nd resistance point, it is at 84.63.
Ratios To Look Out For
For context, Avis Budget Group Inc’s Current Ratio is 0.86. Also, the Quick Ratio is 0.86, while the Cash Ratio stands at 0.18. Considering the valuation of this stock, the price to sales ratio is 0.24 and price to earnings (TTM) ratio is 3.75.
Transactions by insiders
Recent insider trading involved Ferraro Joseph A., President and CEO, that happened on Dec 15 ’23 when 18460.0 shares were sold. EVP, Americas, Martins Izilda P completed a deal on Dec 15 ’23 to sell 3950.0 shares.
