I think CAR is due for a pullback. What are your thoughts? Im not sure about you guys but awesomeSTO-CKS has provided me with some pretty good trade ideas. I messed up executing some of them but thats on me.
why did it go down today ??
Earnings were terrible. The company is losing money, is going to be strangled by it's debt, and the cars on it's balance sheet are worth much less than fair value. If the auditors actually made this company write down the value cars to fair value this thing would have negative equity of about $1B IMO. This company is getting destroyed by Uber and Lyft and offers no competitive advantage in a perfectly competitive market, so can't raise prices. I'm shorting to $20.
Why did the stock rise so much ahead of earnings? Anyone know?
Since 2014, we've been warning that auto-lending standards were far too loose and that rising defaults would sooner or later greatly reduce demand for new vehicles (and wreck the balance sheets of auto lenders). Were we right?
The value of auto loans that are at least 30 days in default currently totals $23 billion – up 14% in just the last year...
The automakers themselves have been leasing a record percentage of their new-car sales (30%). That seems great until all those cars come back to the dealers. Off-lease used-car supply has doubled since 2012 and will continue to increase by another 25% over the next two years. Banking giant Morgan Stanley believes this will cause a 50% drop in used-car prices.
21% Crash just cuz a ph-kin french Ph-k might have a chance to win instead of the other psycho hater. wow. what a scam and a half. Anyone not selling equities into this BS Rally can go eat some $car-go :)
Book Value $ 2.57 sounds like a Debt bomb going off. "MOAB"
[2016-MAY] Avis Budget Group Inc. NASDAQ : CAR Correlation Histogram
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks May-2016 1,000 Day Parameter 2,830 NASDAQ Stocks Price Analysis This stock mode of correlation coefficient is 0.5 In other words, the correlation coefficient of the other stock
12B in debt and counting! March 15 this stock was at $34 it's not even the end of March and has fallen $6.00! Expect more down days....
Der T Sanchez
This company going out of business or something?
Expect car rental companies to keep their current fleet longer in fleet, since the used car market is down. Tons of profits are made selling their cars at auction, maintenance expenses will go up , now the need to charge the maximum $$$$$ for each rentals, expect massive fleet reduction to up utilization.
Avis does deal with near BK tech microcap, IDSY. How desperate is Avis? This is supposed to be their road forward with Avis Now.
used car prices declining long term
CAR has just seen the last of the selling. Looks like a potential push higher is in store. the other week awesomesto-cks alerted this company i think. google them .
I also received an alert for $CAR from http://monstastocks.com/?s=CAR , any ideas? Trading stocks investing. Sattinger's law: it works better if you plug it in.
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Anybody read motley fools report
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