Avis Budget Group, Inc. (CAR)
CAR Price and Sentiment
CAR Latest news
Avis Budget (CAR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CAR, COP, ULTA and ARCB qualified the screen for momentum stocks driven by the Driehaus strategy.
Avis Budget (CAR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Avis Budget (CAR) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Avis stock falls after Morgan Stanley recommends selling, saying it's too early for the 'mega-fleet bull case'2021-10-14 15:01
Shares of Avis Budget Group Inc. CAR, -2.52% dropped 2.5% in afternoon trading Thursday, after Morgan Stanley analyst Billy Kovanis recommended investors sell, saying it's too early for investors to be betting on the "mega-fleet bull case." The stock has now lost 4.8% since it closed at a record $153.39 on Tuesday, but has still more than doubled (up 103.6%) over the past three months and rocketed 291.6% year to date, while the S&P 500 SPX, +1.70% has advanced just 18.1% this year.
Avis Budget Group Inc.'s (NASDAQ:CAR) stock has climbed more than 62 percent in the past month. Investors seem to be either assigning more value in the company's nearer-term earnings than its earnings in outer-years, or expecting higher normalized EBITDA, according to Morgan Stanley.
Morgan Stanley analyst Billy Kovanis downgraded Avis Budget Group Inc. (NASDAQ:CAR) to Underweight from Equal Weight and raised the price target to $110 (implying a downside of 23%) from $85. Kovanis says the company faces "peak" cyclical earnings and has an unfavorable risk/reward at the current valuation.
Road between green-leafed trees (Josh Sorenson/Pexels). Avis Pulls Away
Along with strong rental prices, the prospect of new-car shortages lasting into 2022 means high profitability could continue for rental companies.