Avis Budget Group Inc (NASDAQ: CAR) on Tuesday, plunged -3.24% from the previous trading day, before settling in for the closing price of $69.69. Within the past 52 weeks, CAR’s price has moved between $66.00 and $202.50.
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Annual sales at Industrials sector company grew by 12.15% over the past five years. The company achieved an average annual earnings per share of -82.15%. With a float of $34.56 million, this company’s outstanding shares have now reached $35.00 million.
Let’s look at the performance matrix of the company that is accounted for 24500 employees. In terms of profitability, gross margin is 34.59%, operating margin of 22.36%, and the pretax margin is 6.74%.
Avis Budget Group Inc (CAR) Insider and Institutional Ownership
Observing investor behavior towards Rental & Leasing Services industry stocks is more important than anything else. The insider ownership of Avis Budget Group Inc is 3.11%, while institutional ownership is 98.44%. The most recent insider transaction that took place on Dec 15 ’23, was worth 3,607,258. In this transaction President and CEO of this company sold 18,460 shares at a rate of $195.41, taking the stock ownership to the 217,405 shares. Before that another transaction happened on Dec 15 ’23, when Company’s EVP, Americas sold 3,950 for $195.86, making the entire transaction worth $773,647. This insider now owns 21,145 shares in total.
Avis Budget Group Inc (CAR) Latest Financial update
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 16.78 earnings per share (EPS) for the period topping the consensus outlook (set at 14.16) by 2.62. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -82.15% per share during the next fiscal year.
Avis Budget Group Inc (NASDAQ: CAR) Trading Performance Indicators
Avis Budget Group Inc (CAR) is currently performing well based on its current performance indicators. A quick ratio of 0.86 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 21.09, a number that is poised to hit 8.77 in the next quarter and is forecasted to reach 14.30 in one year’s time.
Technical Analysis of Avis Budget Group Inc (CAR)
Avis Budget Group Inc (NASDAQ: CAR) saw its 5-day average volume 0.75 million, a positive change from its year-to-date volume of 0.72 million. As of the previous 9 days, the stock’s Stochastic %D was 8.99%. Additionally, its Average True Range was 4.29.
During the past 100 days, Avis Budget Group Inc’s (CAR) raw stochastic average was set at 2.56%, which indicates a significant decrease from 6.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.35% in the past 14 days, which was lower than the 60.10% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $92.39, while its 200-day Moving Average is $124.78. Nevertheless, the first resistance level for the watch stands at $69.19 in the near term. At $70.95, the stock is likely to face the second major resistance level. The third major resistance level sits at $72.68. If the price goes on to break the first support level at $65.70, it is likely to go to the next support level at $63.97. The third support level lies at $62.21 if the price breaches the second support level.
Avis Budget Group Inc (NASDAQ: CAR) Key Stats
Market capitalization of the company is 2.40 billion based on 35,647K outstanding shares. Right now, sales total 12,008 M and income totals 1,632 M. The company made 3,048 M in profit during its latest quarter, and 14,000 K in sales during its previous quarter.
