Avis Budget Group Inc (NASDAQ: CAR) kicked off on Monday, up 3.74% from the previous trading day, before settling in for the closing price of $82.36. Over the past 52 weeks, CAR has traded in a range of $65.73-$202.50.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 12.15%. While this was happening, its average annual earnings per share was recorded -83.71%. With a float of $34.56 million, this company’s outstanding shares have now reached $35.00 million.
Considering the fact that the conglomerate employs 24500 people, you should pay attention to its efficiency factor. 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) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Rental & Leasing Services Industry. The insider ownership of Avis Budget Group Inc is 3.11%, while institutional ownership is 98.43%. 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) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around -83.71% per share during the next fiscal year.
Avis Budget Group Inc (NASDAQ: CAR) Trading Performance Indicators
Take a look at Avis Budget Group Inc’s (CAR) current performance indicators. Last quarter, stock had a quick ratio of 0.86. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.26.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 21.09, a number that is poised to hit 8.26 in the next quarter and is forecasted to reach 12.93 in one year’s time.
Technical Analysis of Avis Budget Group Inc (CAR)
Compared to the last year’s volume of 0.71 million, its volume of 0.71 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 84.11%. Additionally, its Average True Range was 3.89.
During the past 100 days, Avis Budget Group Inc’s (CAR) raw stochastic average was set at 39.48%, which indicates a significant decrease from 67.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.61% in the past 14 days, which was lower than the 55.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $82.22, while its 200-day Moving Average is $107.85. Nevertheless, the first resistance level for the watch stands at $86.88 in the near term. At $88.32, the stock is likely to face the second major resistance level. The third major resistance level sits at $90.45. If the price goes on to break the first support level at $83.31, it is likely to go to the next support level at $81.18. Now, if the price goes above the second support level, the third support stands at $79.74.
Avis Budget Group Inc (NASDAQ: CAR) Key Stats
The company with the Market Capitalisation of 3.05 billion has total of 35,647K Shares Outstanding. Its annual sales at the moment are 12,008 M in contrast with the sum of 1,632 M annual income. Company’s last quarter sales were recorded 3,048 M and last quarter income was 14,000 K.
