Avis Budget Group Inc [CAR] stock prices are down -5.92% to $100.25 at the moment. 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 7.85% over the last week, with a monthly amount glided 24.91%, and 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 September 19, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $105. Previously, Goldman upgraded its rating to Neutral on April 04, 2024, and elevated its price target to $130. On March 25, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $155 on the stock. BofA Securities started tracking the stock assigning a Buy rating and suggested a price target of $170 on March 19, 2024. Deutsche Bank upgraded its rating to a Buy and raised its price target to $248 on January 25, 2024. Deutsche Bank downgraded its rating to Hold for this stock on July 20, 2023, but kept the price target unchanged to $263. In a note dated June 20, 2023, Morgan Stanley upgraded an Overweight rating on this stock and boosted its target price from $182 to $230.
The stock price of Avis Budget Group Inc [CAR] has been fluctuating between $65.73 and $202.50 over the past year. Currently, Wall Street analysts expect the stock to reach $168.86 within the next 12 months. Avis Budget Group Inc [NASDAQ: CAR] shares were valued at $100.25 at the most recent close of the market. An investor can expect a potential return of 68.44% based on the average CAR price forecast.
Analyzing the CAR fundamentals
The Avis Budget Group Inc [NASDAQ:CAR] reported sales of 11.84B for trailing twelve months, representing a drop of -2.36%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is -0.99 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-25.23.
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 97.53 points at the first support level, and at 94.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 105.26, and for the 2nd resistance point, it is at 110.26.
Ratios To Look Out For
It’s worth pointing out that Avis Budget Group Inc [NASDAQ:CAR]’s Current Ratio is 0.70. Also, the Quick Ratio is 0.70, while the Cash Ratio stands at 0.18. Considering the valuation of this stock, the price to sales ratio is 0.28 and price to earnings (TTM) ratio is 9.16.
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.
