Avis Budget Group (CAR) wins as the market goes down: what you need to know

AVis Budget Group (CAR) closed at $ 202.53 on the last trading session, marking a rise of 0.15% from the previous day. This change exceeded the 0.06% loss of the S&P 500 that day. Elsewhere, the Dow Jones gained 0.59%, while the tech-rich Nasdaq lost 0.3%.

Prior to today, the car rental company’s shares had lost 23.78% in the past month, behind the 8.62% loss in the business services sector and the 5.76% gain in the S&P. 500 during this period.

Investors are hoping for a strength from Avis Budget Group as the next publication of its results approaches. In the report, analysts expect Avis Budget Group to post earnings of $ 5.87 per share. That would mark year-over-year growth of 1,730.56%. Our most recent consensus estimate projects quarterly revenue of $ 2.46 billion, up 81.92% from the previous year.

It’s also important to note the recent changes to analyst estimates for Avis Budget Group. These revisions help show the ever-changing nature of short-term business trends. With this in mind, we can take positive estimate revisions as a sign of optimism about the company’s business prospects.

Based on our research, we believe these estimate revisions are directly related to stock movements close to the team. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes these rating changes into account and provides an actionable rating system.

Ranging from # 1 (strong buy) to # 5 (strong sell), the Zacks ranking system has a proven and externally verified outperformance history, with # 1 stocks returning an average of + 25% per year since. 1988. In the past 30 days, our consensus projection of BPA has remained stagnant. Avis Budget Group currently has a Zacks # 1 (strong buy) ranking.

In terms of valuation, Avis Budget Group is currently trading at a forward P / E ratio of 10.12. This represents a discount to its industry’s average forward P / E of 17.51.

Additionally, it should be mentioned that CAR has a PEG ratio of 0.54. This popular metric is similar to the well-known P / E ratio, except that the PEG ratio also takes into account the expected rate of earnings growth of the company. The CAR industry had an average PEG ratio of 0.68 at yesterday’s close.

The Business – Services segment is part of the Business Services segment. This industry currently has a Zacks Industry Rank of 119, which places it in the top 47% of all 250+ industries.

The Zacks Industry Rankings assesses the strength of our individual industry groups by measuring the average Zacks rank of individual stocks within groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and more, at Zacks.com.

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Avis Budget Group, Inc. (CAR): Free Inventory Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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