Avis Budget (CAR) Surges: Stock Moves 14.2% Higher
Avis Budget Group, Inc. CAR was a big mover last session, as the company saw its shares rise almost 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $21.44 to $24.40 in the past one-month time frame.
The move came after the company inked a deal with Waymo to provide fleet support and maintenance services for the latter’s self-driving car program at Avis Car Rental and Budget Car Rental locations.
The company has not seen any estimate revisions over the past one month, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Avis Budget currently has a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.
Avis Budget Group, Inc. Price
Avis Budget Group, Inc. Price | Avis Budget Group, Inc. Quote
A better-ranked stock in the Business - Services industry is WageWorks, Inc. WAGE, which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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