Avis Budget Group Inc [CAR] stock prices are down -4.89% to $57.92 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CAR shares have gain 4.38% over the last week, with a monthly amount drifted -38.51%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Avis Budget Group Inc [NASDAQ: CAR] stock has seen the most recent analyst activity on November 18, 2024, when Northcoast downgraded its rating to a Neutral. Previously, Barclays started tracking the stock with Equal Weight rating on September 19, 2024, and set its price target to $105. On April 04, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $130 on the stock. Northcoast upgraded its rating to a Buy but stick to its price target of $155 on March 25, 2024. BofA Securities initiated its recommendation with a Buy and recommended $170 as its price target on March 19, 2024. Deutsche Bank upgraded its rating to Buy for this stock on January 25, 2024, and upped its price target to $248. In a note dated July 20, 2023, Deutsche Bank downgraded an Hold rating on this stock but restated the target price of $263.
The stock price of Avis Budget Group Inc [CAR] has been fluctuating between $54.03 and $132.25 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 $57.92 at the most recent close of the market. An investor can expect a potential return of 191.54% based on the average CAR price forecast.
Analyzing the CAR fundamentals
The Avis Budget Group Inc [NASDAQ:CAR] reported sales of 11.79B for trailing twelve months, representing a drop of -1.95%. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at -0.22%, and Net Profit Margin reading is -0.16%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is 2.04 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -11.19.
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 55.11 points at the first support level, and at 52.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 61.23, and for the 2nd resistance point, it is at 64.54.
Ratios To Look Out For
It’s worth pointing out that Avis Budget Group Inc [NASDAQ:CAR]’s Current Ratio is 0.75. As well, the Quick Ratio is 0.75, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 0.17.
Transactions by insiders
Recent insider trading involved KROMINGA LYNN, Director, that happened on Feb 20 ’25 when 1405.0 shares were sold. Director, KROMINGA LYNN completed a deal on Feb 18 ’25 to sell 661.0 shares. Meanwhile, Director KROMINGA LYNN bought 2066.0 shares on Feb 18 ’25.
