Somewhat Positive News Coverage Somewhat Unlikely to Affect Avis Budget Group (CAR) Stock Price
Media headlines about Avis Budget Group (NASDAQ:CAR) have trended somewhat positive on Friday, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Avis Budget Group earned a news impact score of 0.15 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 45.6092232477561 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Trading summary on Avis Budget Group, Inc. (CAR) – Wall Street Morning (wallstreetmorning.com)
- Avis Budget Group Inc. (CAR) CMO W Scott Deaver Sells 40,000 Shares (americanbankingnews.com)
- Insider Selling: Avis Budget Group Inc. (CAR) Chairman Sells 275,000 Shares of Stock (americanbankingnews.com)
- Some hot names on Wall Street: Xcel Energy Inc. (XEL), Avis Budget … – Market Movers (financialqz.com)
- Swiveling Stocks – Avis Budget Group, Inc., (NASDAQ: CAR), Callon Petroleum Company, (NYSE: CPE) – Stocks In The News (press release) (tradingnewsnow.com)
Avis Budget Group (NASDAQ:CAR) traded down $0.22 during midday trading on Friday, reaching $40.56. The company had a trading volume of 12,060,669 shares, compared to its average volume of 2,843,562. The company has a market cap of $3,320.00, a price-to-earnings ratio of 15.14 and a beta of 2.53. Avis Budget Group has a 1-year low of $20.71 and a 1-year high of $42.40. The company has a debt-to-equity ratio of 35.24, a quick ratio of 1.28 and a current ratio of 1.28.
Avis Budget Group (NASDAQ:CAR) last released its quarterly earnings results on Monday, November 6th. The business services provider reported $3.10 EPS for the quarter, topping the Zacks’ consensus estimate of $2.99 by $0.11. Avis Budget Group had a return on equity of 95.28% and a net margin of 1.26%. The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same period in the prior year, the company earned $2.47 EPS. Avis Budget Group’s revenue for the quarter was up 3.6% on a year-over-year basis. research analysts anticipate that Avis Budget Group will post 2.65 earnings per share for the current year.
A number of equities research analysts recently commented on CAR shares. Desjardins restated a “hold” rating on shares of Avis Budget Group in a research report on Friday, August 11th. National Bank Financial restated an “outperform market weight” rating on shares of Avis Budget Group in a research report on Friday, August 11th. BidaskClub upgraded Avis Budget Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th. Morgan Stanley decreased their price target on Avis Budget Group from $19.00 to $18.00 and set an “underweight” rating on the stock in a research report on Friday, August 25th. Finally, Goldman Sachs Group restated a “hold” rating and set a $37.00 price target on shares of Avis Budget Group in a research report on Thursday, September 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. Avis Budget Group presently has a consensus rating of “Hold” and a consensus price target of $37.70.
In other Avis Budget Group news, insider Ronald L. Nelson sold 250,000 shares of the company’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $41.02, for a total transaction of $10,255,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Ronald L. Nelson sold 150,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $37.30, for a total value of $5,595,000.00. Following the transaction, the insider now directly owns 510,714 shares in the company, valued at approximately $19,049,632.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 740,831 shares of company stock worth $29,551,884. Company insiders own 2.80% of the company’s stock.
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Avis Budget Group Company Profile
Avis Budget Group Inc is a provider of vehicle rental and car sharing services. The Company operates three brands, which include Avis, Budget and Zipcar. Avis and Budget are a rental car supplier. It also owns Payless, which a car rental brand; Apex, which is a car rental brand in New Zealand and Australia; Maggiore, a vehicle rental brand in Italy, and France Cars, which operates light commercial vehicle fleets in France.
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