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 8.15% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.99%, 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 4.44% in the last 1 week, and is up 10.84% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Avis Budget Group (NASDAQ:CAR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.51 and $38.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.36, notching a gain of 0.74% for the day. The total traded volume was 3,153,465 . The stock had closed at $38.08 on the previous day.
The stock has recorded a 20-day Moving Average of 5.17% and the 50-Day Moving Average is 14.41%. Avis Budget Group, Inc. is up 46.64% in the last 3-month period. Year-to-Date the stock performance stands at 5.7%.
Avis Budget Group (CAR) : Average target price received by Avis Budget Group (CAR) is $32.86 with an expected standard deviation of $8.59. The most aggressive target on the stock is $45, whereas the most downbeat target is $20. 7 financial analysts are currently covering the stock.
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.