AI Trading NYSE Mon, 02 Oct

Dear Reader,

CAR (Avis Budget Group Inc.) is a strong buy according to our AI strategy. If traded between 2020-10-23 and 2023-07-28, a potential return of 877.01% could have been achieved, with an average trade of 97.45% over 79 days. 9 positions were taken in total. Our model has an accuracy of 0.72 when predicting an upward trend in the following two weeks. The analyst consensus price target is 224.25.

Avis Budget Group Inc (CAR), a car and truck rental, car sharing, and ancillary services provider, has been in business for decades and is headquartered in Parsippany, New Jersey. With a market capitalization of approximately $9.1 billion and a beta of 2.354, Avis Budget Group Inc is a mid-cap company.

Avis Budget Group Inc has seen strong performance in recent years. The trailing twelve month (TTM) earnings per share increased 1.074% year over year to $51.14. Profit Margin increased to 0.231% and Return on Assets (ROA) was .114%. Revenue for the same period increased 0.182% to $11.79 billion.

The company’s share price has risen significantly over the past five years, from $131.83 in September 2018 to $179.2 on September 29, 2023. This is a 35.3% increase from the previous five year period. Analysts have set a target price of $224.25, indicating that the stock is undervalued.

At the current price of $179.2, the stock is trading at a forward P/E ratio of 6.47 and a price/book ratio of 7.14. It has a trailing P/E ratio of 4.312 and an EV/Revenue of 2.289.

Overall, Avis Budget Group Inc has strong fundamentals and is undervalued based on its current share price. Investors should consider Avis Budget Group Inc a good investment opportunity.

Symbol: CAR
AssetType: Common Stock
Name: Avis Budget Group Inc
Description: Avis Budget Group, Inc., offers car and truck rental, car sharing and ancillary services to businesses and consumers. The company is headquartered in Parsippany, New Jersey.
CIK: 723612
Exchange: NASDAQ
Currency: USD
Country: USA
Sector: TRADE & SERVICES
Industry: SERVICES-AUTO RENTAL & LEASING (NO DRIVERS)
Address: 6 SYLVAN WAY, PARSIPPANY, US
FiscalYearEnd: December
LatestQuarter: 2022-09-30
MarketCapitalization: 9143341000
EBITDA: 4397000000
PERatio: 4.312
PEGRatio: 1.76
BookValue: -11.84
DividendPerShare: 0
DividendYield: 0
EPS: 51.14
RevenuePerShareTTM: 230.43
ProfitMargin: 0.231
OperatingMarginTTM: 0.361
ReturnOnAssetsTTM: 0.114
ReturnOnEquityTTM: -2.731
RevenueTTM: 11792000000
GrossProfitTTM: 4007000000
DilutedEPSTTM: 51.14
QuarterlyEarningsGrowthYOY: 1.074
QuarterlyRevenueGrowthYOY: 0.182
AnalystTargetPrice: 224.25
TrailingPE: 4.312
ForwardPE: 6.47
PriceToSalesRatioTTM: 0.651
PriceToBookRatio: 7.14
EVToRevenue: 2.289
EVToEBITDA: 4.047
Beta: 2.354
52WeekHigh: 327.8
52WeekLow: 131.83
50DayMovingAverage: 188.95
200DayMovingAverage: 187.64
SharesOutstanding: 41466400
DividendDate: None
ExDividendDate: 2006-02-23

Date	Symbol	Prediction	Model Accuracy	Price Target	Analyst Target
2023-09-29	CAR	STRONGBUY	0.72	179.20	224.25
2023-09-25	CAR	MEDIUMBUY	0.72	180.84	224.25
2023-09-22	CAR	WEAKBUY	0.72	188.72	224.25

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The Third Perspective Team