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Avis Budget Group (CAR) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Avis Budget Group (CAR - Free Report) closed at $156.67, marking a -0.2% move from the previous day. This change lagged the S&P 500's 0.08% loss on the day. At the same time, the Dow lost 0.15%, and the tech-heavy Nasdaq gained 0.03%.
Coming into today, shares of the car rental company had lost 9.41% in the past month. In that same time, the Business Services sector lost 6.94%, while the S&P 500 lost 6.03%.
Avis Budget Group will be looking to display strength as it nears its next earnings release, which is expected to be August 1, 2022. The company is expected to report EPS of $12.13, up 105.59% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.11 billion, up 31.25% from the year-ago period.
CAR's full-year Zacks Consensus Estimates are calling for earnings of $39.29 per share and revenue of $11.46 billion. These results would represent year-over-year changes of +74.7% and +23.1%, respectively.
Any recent changes to analyst estimates for Avis Budget Group should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate has moved 2.38% higher within the past month. Avis Budget Group is currently a Zacks Rank #1 (Strong Buy).
Valuation is also important, so investors should note that Avis Budget Group has a Forward P/E ratio of 4 right now. Its industry sports an average Forward P/E of 12.59, so we one might conclude that Avis Budget Group is trading at a discount comparatively.
Meanwhile, CAR's PEG ratio is currently 0.21. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Business - Services was holding an average PEG ratio of 0.79 at yesterday's closing price.
The Business - Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 63, which puts it in the top 25% 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.
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Avis Budget Group (CAR) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Avis Budget Group (CAR - Free Report) closed at $156.67, marking a -0.2% move from the previous day. This change lagged the S&P 500's 0.08% loss on the day. At the same time, the Dow lost 0.15%, and the tech-heavy Nasdaq gained 0.03%.
Coming into today, shares of the car rental company had lost 9.41% in the past month. In that same time, the Business Services sector lost 6.94%, while the S&P 500 lost 6.03%.
Avis Budget Group will be looking to display strength as it nears its next earnings release, which is expected to be August 1, 2022. The company is expected to report EPS of $12.13, up 105.59% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.11 billion, up 31.25% from the year-ago period.
CAR's full-year Zacks Consensus Estimates are calling for earnings of $39.29 per share and revenue of $11.46 billion. These results would represent year-over-year changes of +74.7% and +23.1%, respectively.
Any recent changes to analyst estimates for Avis Budget Group should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate has moved 2.38% higher within the past month. Avis Budget Group is currently a Zacks Rank #1 (Strong Buy).
Valuation is also important, so investors should note that Avis Budget Group has a Forward P/E ratio of 4 right now. Its industry sports an average Forward P/E of 12.59, so we one might conclude that Avis Budget Group is trading at a discount comparatively.
Meanwhile, CAR's PEG ratio is currently 0.21. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Business - Services was holding an average PEG ratio of 0.79 at yesterday's closing price.
The Business - Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 63, which puts it in the top 25% 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.