|Bid||76.46 x 900|
|Ask||76.49 x 1300|
|Day's Range||75.28 - 77.03|
|52 Week Range||9.44 - 77.28|
|Beta (5Y Monthly)||2.33|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 03, 2021 - May 07, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 23, 2006|
|1y Target Est||59.83|
Entertainment and leisure stocks have been extremely hot in 2021 as investors bet that there's going to be a big jump in consumer spending as the pandemic slows and businesses reopen this summer. Three of the market's biggest winners so far in 2021 have been AMC Entertainment Holdings (NYSE: AMC), SeaWorld Entertainment (NYSE: SEAS), and Avis Budget Group (NASDAQ: CAR) on the hope that their businesses will rebound quickly. An overarching thesis for these entertainment and travel/leisure stocks is that there is a big recovery in revenue coming in 2021.
With vaccine rollouts progressing and personal savings rising to record highs, “reopening” plays in the stock market are all the rage. As a contrarian, I’ve been suggesting reopening plays in this column and my stock letter (the link is in the bio below) for upwards of a year. Wait, how could the reopening theme be spent even before reopening happens?
Avis Budget (CAR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.