Zacks Rating on Avis Budget Group (CAR)

Avis Budget Group (CAR) : 2 brokerage houses believe that Avis Budget Group (CAR) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Avis Budget Group (CAR). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 4 Wall Street Analysts endorse the stock as a Buy with a rating of 2.5.

Avis Budget Group (CAR) : The highest short term price target forecast on Avis Budget Group (CAR) is $45 and the lowest target price is $20. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $36.2 with a standard deviation of $10.38.


Shares of Avis Budget Group, Inc. appreciated by 1.73% during the last five trading days but lost 1.51% on a 4-week basis. Avis Budget Group, Inc. is up 36.41% in the last 3-month period. Year-to-Date the stock performance stands at 2.31%. Avis Budget Group (NASDAQ:CAR): stock turned positive on Tuesday. Though the stock opened at $37.26, the bulls momentum made the stock top out at $37.92 level for the day. The stock recorded a low of $37.02 and closed the trading day at $37.13, in the green by 0.22%. The total traded volume for the day was 687,060. The stock had closed at $37.05 in the previous days trading.

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.

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