We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Avis Budget Group (CAR) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
Avis Budget Group (CAR - Free Report) closed at $202.53 in the latest trading session, marking a +0.15% move from the prior day. This change outpaced the S&P 500's 0.06% loss on the day. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq lost 0.3%.
Heading into today, shares of the car rental company had lost 23.78% over the past month, lagging the Business Services sector's loss of 8.62% and the S&P 500's gain of 5.76% in that time.
Investors will be hoping for strength from Avis Budget Group as it approaches its next earnings release. In that report, analysts expect Avis Budget Group to post earnings of $5.87 per share. This would mark year-over-year growth of 1730.56%. Our most recent consensus estimate is calling for quarterly revenue of $2.46 billion, up 81.92% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Avis Budget Group. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Avis Budget Group is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Avis Budget Group is currently trading at a Forward P/E ratio of 10.12. This represents a discount compared to its industry's average Forward P/E of 17.51.
Also, we should mention that CAR has a PEG ratio of 0.54. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. CAR's industry had an average PEG ratio of 0.68 as of yesterday's close.
The Business - Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 119, which puts it in the top 47% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Avis Budget Group (CAR) Gains As Market Dips: What You Should Know
Avis Budget Group (CAR - Free Report) closed at $202.53 in the latest trading session, marking a +0.15% move from the prior day. This change outpaced the S&P 500's 0.06% loss on the day. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq lost 0.3%.
Heading into today, shares of the car rental company had lost 23.78% over the past month, lagging the Business Services sector's loss of 8.62% and the S&P 500's gain of 5.76% in that time.
Investors will be hoping for strength from Avis Budget Group as it approaches its next earnings release. In that report, analysts expect Avis Budget Group to post earnings of $5.87 per share. This would mark year-over-year growth of 1730.56%. Our most recent consensus estimate is calling for quarterly revenue of $2.46 billion, up 81.92% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Avis Budget Group. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Avis Budget Group is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Avis Budget Group is currently trading at a Forward P/E ratio of 10.12. This represents a discount compared to its industry's average Forward P/E of 17.51.
Also, we should mention that CAR has a PEG ratio of 0.54. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. CAR's industry had an average PEG ratio of 0.68 as of yesterday's close.
The Business - Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 119, which puts it in the top 47% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.