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Saturday, June 3, 2023

Analysts Point To Avis Budget Group Inc. (NASDAQ: CAR) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Avis Budget Group Inc. (CAR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $1.33, or 0.75%, to $178.00. The Avis Budget Group Inc. has recorded 9,305 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Avis Budget Group to Announce First Quarter 2023 Results on May 1st.

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Stocks Info

As a NASDAQ listed company, CAR falls under the Industrials sector while operating within the Rental & Leasing Services industry segment. At the end of the last regular session, the stock closed at $176.67 and fluctuated between $181.99 as its day high and $175.86 as its day low. The current market capitalization of Avis Budget Group Inc. is $7.00B. A total of 0.58 million shares were traded on the day, compared to an average of 498.40K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CAR has seen 10 BUY and 9 SELL insider trades, representing the acquisition of 262,622 and the disposition of 133,018 shares. Over the last 12 months, there were 39 BUYs and 46 SELLs from insiders. Insiders purchased 5,626,987 shares during that period but sold 5,465,682.

In the most recent transaction, KROMINGA LYNN sold 887 shares of CAR for 226.30 per share on Feb 22. After the transaction, the Director now owns 628 company shares. In a previous transaction on Feb 15, Linnen Edward P sold 7,300 shares at 242.58 per share. CAR shares that EVP, Chief HR Officer owns now total 29,168.

Among the insiders who sold shares, Ferraro Joseph A. disposed of 16,000 shares on Dec 15 at a per-share price of $184.96. This resulted in the President and CEO holding 170,309 shares of CAR after the transaction. In another insider transaction, Martins Izilda P sold 4,150 shares at $186.21 per share on Dec 15. Company shares held by the EVP, Americas now total 16,645.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. CAR’s most recent ex-dividend date was 9/28/2017 when it declared a $0.1070 quarterly dividend that was paid in cash on 10/16/2017. Previously, the company paid the dividend on 9/15/2017 with an ex-dividend date of 8/29/2017. The CAR stock dividend was $0.1070 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CAR in the last 3 months, the mean price target is $256.60 with high estimates of $327.00 and low estimates of $175.00. In terms of 52-week highs and lows, CAR has a high of $307.95 and a low of $131.83.

As of this writing, CAR has an earnings estimate of $3.07 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $6.14 per share and a lower estimate of $0.79. The company reported an EPS of $21.7 in the last quarter, which was 48.20% higher than expectations of $14.64.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. CAR’s latest balance sheet shows that the firm has $534.00M in Cash & Short Term Investments as of fiscal 2021. There were $17.80B in debt and $2.41B in liabilities at the time. Its Book Value Per Share was -$17.27, while its Total Shareholder’s Equity was -$209.00M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 6 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CAR is Overweight with a score of 3.29. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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