Avis Budget Group Inc (NASDAQ: CAR) on Tuesday, plunged -10.90% from the previous trading day, before settling in for the closing price of $71.59. Within the past 52 weeks, CAR’s price has moved between $65.73 and $132.25.
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A company in the Industrials sector has jumped its sales by 14.59% annually for the last half of the decade. The company achieved an average annual earnings per share of -61.87%. With a float of $33.98 million, this company’s outstanding shares have now reached $35.00 million.
In an organization with 24000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 35.31%, operating margin of 11.36%, and the pretax margin is -22.37%.
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 3.21%, while institutional ownership is 101.63%. The most recent insider transaction that took place on Feb 20 ’25, was worth 133,475. In this transaction Director of this company sold 1,405 shares at a rate of $95.00, taking the stock ownership to the 1,950 shares. Before that another transaction happened on Feb 18 ’25, when Company’s Director sold 661 for $95.00, making the entire transaction worth $62,795. This insider now owns 3,355 shares in total.
Avis Budget Group Inc (CAR) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -61.87% 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 0.75 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 0.19.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -51.80, a number that is poised to hit -5.54 in the next quarter and is forecasted to reach 15.04 in one year’s time.
Technical Analysis of Avis Budget Group Inc (CAR)
Let’s dig in a bit further. During the last 5-days, its volume was 1.08 million. That was better than the volume of 0.74 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 15.10%. Additionally, its Average True Range was 4.98.
During the past 100 days, Avis Budget Group Inc’s (CAR) raw stochastic average was set at 4.67%, which indicates a significant decrease from 6.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.02% in the past 14 days, which was higher than the 54.96% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $85.22, while its 200-day Moving Average is $91.95. However, in the short run, Avis Budget Group Inc’s stock first resistance to watch stands at $69.90. Second resistance stands at $76.00. The third major resistance level sits at $80.25. If the price goes on to break the first support level at $59.55, it is likely to go to the next support level at $55.30. The third support level lies at $49.20 if the price breaches the second support level.
Avis Budget Group Inc (NASDAQ: CAR) Key Stats
Market capitalization of the company is 2.24 billion based on 35,110K outstanding shares. Right now, sales total 11,789 M and income totals -1,821 M. The company made 2,710 M in profit during its latest quarter, and -1,958 M in sales during its previous quarter.
