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Avis Budget Group, Inc. (CAR - Free Report) was a big mover last session, as the company saw its shares rise over 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend for the company – as the stock is now down 3.4% in the past one month time frame.
The shares rose after the company reported better-than-expected fourth-quarter 2017 results.
Avis Budget Group has seen the Zacks Consensus Estimate for the current quarter being revised downward over past two months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Avis Budget Group currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESPis positive.
Is CAR going up? Or down? Predict to see what others think: Up or Down
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
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Avis Budget Group (CAR) Jumps: Stock Rises 13.4%
Avis Budget Group, Inc. (CAR - Free Report) was a big mover last session, as the company saw its shares rise over 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend for the company – as the stock is now down 3.4% in the past one month time frame.
The shares rose after the company reported better-than-expected fourth-quarter 2017 results.
Avis Budget Group has seen the Zacks Consensus Estimate for the current quarter being revised downward over past two months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Avis Budget Group currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESPis positive.
Avis Budget Group, Inc. Price and Consensus
Avis Budget Group, Inc. Price and Consensus | Avis Budget Group, Inc. Quote
A better ranked stock in the Business - Services industry is Vectrus, Inc. which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is CAR going up? Or down? Predict to see what others think: Up or Down
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2018 today >>