This Is Too Hot For Avis Budget Group Inc (NASDAQ: CAR), Let’s Take A Closer Look

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. Most recently, Yahoo Finance reported about the stock as it publicized that Avis Budget Group Announces Pricing of €600 Million of Senior Notes.

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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. The current market capitalization of Avis Budget Group Inc is $4.20B. A total of 0.55 million shares were traded on the day, compared to an average of 795.38K shares.

In the most recent transaction, Ferraro Joseph A. sold 18,460 shares of CAR for 195.41 per share on Dec 15 ’23. After the transaction, the President and CEO now owns 217,405 company shares. In a previous transaction on Dec 15 ’23, Martins Izilda P sold 3,950 shares at 195.86 per share. CAR shares that EVP, Americas owns now total 21,145.

Among the insiders who sold shares, Rankin Patrick K disposed of 14,917 shares on Jun 13 ’23 at a per-share price of $202.55. This resulted in the President, International holding 59,672 shares of CAR after the transaction.

Dividend

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 12/14/2023 when it declared a $10.00 quarterly dividend that was paid in cash on 12/21/2023. Previously, the company paid the dividend on 10/16/2017 with an ex-dividend date of 9/28/2017. 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. In terms of 52-week highs and lows, CAR has a high of $232.73 and a low of $99.60.

As of this writing, CAR has an earnings estimate of -$1.89 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.2 per share and a lower estimate of -$2.76. The company reported an EPS of $16.78 in the last quarter, which was 18.50% higher than expectations of $14.16.

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 -$9.97, 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, 0 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 Buy with a score of 3.88.

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