Avis Budget Group (CAR) : Traders are bullish on Avis Budget Group (CAR) as it has outperformed the S&P 500 by a wide margin of 3.83% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.62%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.17% in the last 1 week, and is up 1.73% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 4.2% and the 50-Day Moving Average is 3.5%.The 200 Day SMA reached 22.93% Avis Budget Group, Inc. is up 17.68% in the last 3-month period. Year-to-Date the stock performance stands at 3.83%.
Avis Budget Group (CAR) : The highest level Avis Budget Group (CAR) is projected to reach is $46 for the short term and the lowest estimate is at $20. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $36.4 and the possibility the share price can swing is $10.6.
For the current week, the company shares have a recommendation consensus of Buy. Avis Budget Group (NASDAQ:CAR): The stock opened at $36.88 and touched an intraday high of $38 on Friday. During the day, the stock corrected to an intraday low of $36.4, however, the bulls stepped in and pushed the price higher to close in the green at $37.68 with a gain of 7.41% for the day. The total traded volume for the day was 20,592,658. The stock had closed at $37.68 in the previous trading session.
Avis Budget Group Inc. is a provider of vehicle rental and car sharing services. The Company operates three brands, which include Avis, Budget and Zipcar. Avis is a rental car supplier and Budget is a rental vehicle supplier. The Company also own Payless, a car rental brand and Apex, which is a car rental brand in New Zealand and Australia. The Company operates in three segments: North America, International and Truck Rental. North America segment provides car rentals in the United States and vehicle rentals in Canada, as well as ancillary products and services. International segment provides and licenses the Companys brands to third parties for vehicle rentals and ancillary products in Europe, the Middle East, Africa, Asia, South America, Central America, the Caribbean, Australia and New Zealand. Truck Rental segment provides truck rentals and ancillary products and services to consumers and commercial users in the United States.