Avis Budget Group Inc
Score: Negative (31)
16 days at current score.
Downgraded from Neutral on November 23rd 2017
- This company ranked positively in 3 out of 4 IHS Markit Categories but negatively compared to the Consumer Services sector
- Perception of the company's creditworthiness is positive and improving
- ETFs holding this stock are seeing positive inflows
- Bearish sentiment is high but may be declining
- Economic output in this company's sector is expanding
Short interest | Negative
Short interest is high for CAR with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting CAR. However, sentiment has improved and traders reduced their bearish short positions on November 17.
ETF/Index ownership | Positive
ETF activity is positive. Over the last month, growth of ETFs holding CAR is favorable, with net inflows of $7.87 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing.
PMI by IHS Markit | Positive
According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year.
Credit default swap | Positive
The current level displays a positive indicator with a strengthening bias over the past 1-month. CAR credit default swap spreads are decreasing and near the lowest level of the last one year, which indicates improvement in the market's perception of the company's credit worthiness.
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