|Bid||28.70 x 1400|
|Ask||28.89 x 1100|
|Day's Range||28.05 - 28.98|
|52 Week Range||21.63 - 50.88|
|Beta (3Y Monthly)||1.56|
|PE Ratio (TTM)||6.29|
|Earnings Date||Feb 20, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||42.13|
Avis Budget Group Inc NASDAQ/NGS:CARView full report here! Summary * Perception of the company's creditworthiness is neutral but improving * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is moderate and increasing Bearish sentimentShort interest | NeutralShort interest is moderate for CAR with between 5 and 10% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on February 13. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding CAR totaled $3.18 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator with a strengthening bias over the past 1-month. CAR credit default swap spreads are decreasing, indicating some improvement in the market's perception of the company's credit worthiness. Additionally, they are within the middle of the range set over the last three years.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Waste Management's (WM) fourth-quarter 2018 revenues benefit from strong yield and volume growth in collection and disposal business.
Moody's Investors Service (Moody's) has assigned a definitive rating of Aaa (sf) to the Series 2019-1 Class A fixed rate Rental Car Asset Backed Notes, A1 (sf) to the Series 2019-1 Class B fixed rate Rental Car Asset Backed Notes, and Baa3 (sf) to the Series 2019-1 Class C fixed rate Rental Car Asset Backed Notes, (together with the Class A Notes and the Class B Notes, the Series 2019-1 Notes) issued by Avis Budget Rental Car Funding (AESOP) LLC (the issuer). The issuer is an indirect subsidiary of the sponsor, Avis Budget Car Rental, LLC (ABCR, Ba3 positive).
shares rose 7.4% in Monday's trading to close at $27.58, after Goldman Sachs analyst David Tamberrino upgraded the stock to buy from sell. Tamberrino also raised his price target to $35 from $30 Monday. The news caused trading volume to spike to 18 times higher than the company's 20-day average, at 1.39 million shares in morning trading, Bloomberg reported.
The Dow Jones Transportation Average surged 111 points, or 1.1%, in afternoon trade Monday, as rallies in shares of Avis Budget Group Inc., Norfolk Southern Corp. and airlines helped the index buck the weakness seen in the Dow Jones Industrial Average . Avis's stock ran up 8.6% after Goldman Sachs swung to being bullish from bearish on the car rental company, as the headwinds facing the company and industry are believed to be already priced into the stock. Norfolk's stock hiked up 3.9% after the railroad company presented its strategic plan at its investor and financial analyst conference, saying it expects revenue growth at a compound annual rate of 5% through 2021, a dividend payout ratio of 33% and continued share repurchases. The price gains of both stocks added a combined 55 points to the Dow transports' price. Meanwhile, the shares of all six airline components were trading higher, and added a combined 22 points to the index. Meanwhile, the Dow industrials was down 56 points.
Avis Budget Group Inc. stock rises after analysts at Goldman Sachs upgrade it to buy from sell, saying valuation looks attractive as most of the headwinds facing the car rental company and the industry are priced in.
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Shares of the car-rental company jumped 7 percent after Goldman Sachs upgraded it to buy from sell , citing an attractive valuation. The analyst also sees a 36.3 percent upside for Avis over the next 12 months. Electronic Arts EA — The video-game maker climbed more than 5 percent after Bank of America Merrill Lynch upgraded it to buy from neutral.
Shares of Avis Budget Group Inc. soared 7.1% Monday, after Goldman Sachs upgraded the stock to buy from sell, saying valuation looks attractive as most of the headwinds facing the company and industry are priced in. "Further, between the two public Rental Car companies, we view CAR as the better operator and should be able to improve results (EBITDA and Free cash flow) through cost optimization strategies in 2019+," analysts led by David Tamberrino wrote in a note. "And while we still see challenges facing the industry - as we think there is a lack of discipline over a long time period, we think pricing and volume are holding up well and residual value risk may be skewed to the upside as Auto OEMs have shown discipline recently on incentives." Goldman said it is sticking with a sell rating on Hertz Global Holdings Inc. , which was up 7.1%. Avis shares have gained 22.5% in 2019 so far, while the S&P 500 has gained 8%.
Goldman Sachs analyst David Tamberrino upgrades Avis to buy from sell and hikes his 12-month price target on the stock to $35 from $30.
Budget Truck Rental today announced a new partnership with Fetch, the self-service truck startup, which makes Budget trucks available for rent through Fetch’s mobile marketplace. Fetch users can rent Budget box trucks, cargo vans and pickup trucks by the hour, day or week with prices as low as $10 per hour. For consumers who seek access to a larger vehicle for specific transport needs, Fetch offers rental options with more flexible terms. The partnership is currently active at 13 locations across Orlando, Fla., with plans to expand to other regions and states throughout the year.
PARSIPPANY, N.J., Feb. 04, 2019 -- Avis today announced that it has been named the exclusive mobility partner for AMResorts and its collection of more than 50 luxury resort.
Avis Budget Group, Inc. (CAR) is best known for its Avis and Budget brand of rental cars, which have more than 11,000 rental locations in 180 countries around the world, explains David Fried, editor of the specialized advisory service, The Buyback Letter.