Avis Budget Group, Inc. (CAR - Free Report) was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 16% in the past one-month time frame.
The move came after the company reported solid second-quarter 2018 results.
The company has seen one negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, 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 #3 (Hold) while its Earnings ESP is positive.
Investors interested in the Business - Services industry may consider SPS Commerce, Inc. (SPSC - Free Report) , which has 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
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