AI Trading NASDAQ Tue, 30 Jan

Dear Reader,

Our featured asset today is Avis Budget Group Inc. (CAR), a company that operates car rental brands such as Avis, Budget, and Zipcar. Our AI trading strategy shows that if one had traded with this asset between June 15, 2021 and December 13, 2023, they could have potentially made a 712.81% return. On average, each trade made a 79.2% return and lasted 68.0 days in the long position. Over the period, there were a total of 9.0 positions taken. Currently, the trading idea suggests that CAR is a STRONGBUY since January 29, 2024 with a buy price target of $166.77. This prediction is based on a model with an overall accuracy of 0.63 in predicting an upward trend in the following two weeks, historically. The analyst consensus price target for CAR is $224.25.

Avis Budget Group Inc, stock symbol CAR, is a leading global provider of car and truck rental services, car sharing, and ancillary services to both businesses and consumers. The company has a strong presence in the transportation industry and is known for its high-quality service and diverse fleet of vehicles. Avis Budget Group Inc is headquartered in Parsippany, New Jersey and is listed on the NASDAQ exchange under the symbol CAR. With a current share price of 166.77 on date 2024-01-29, let’s take a closer look at the company’s overall performance and share price in the context of the current market.

Company Overview and Markets:

Avis Budget Group Inc operates in the TRADE & SERVICES sector, specifically in the SERVICES-AUTO RENTAL & LEASING (NO DRIVERS) industry. The company offers car and truck rental services through its Avis and Budget brands, as well as Zipcar car sharing services. Avis Budget Group Inc serves a wide range of customers, including individual consumers, small and medium-sized businesses, and large corporations. The company has a global presence, with operations in North America, Europe, Australia, and New Zealand. In addition, Avis Budget Group Inc has a strong partnership with leading airlines, hotels, and travel agencies, making it a popular choice for travelers.

Historic Company Performance and Share Price:

Over the past few years, Avis Budget Group Inc has shown strong financial performance. In 2022, the company reported a revenue of $11.79 billion, a 18.2% increase from the previous year. This growth can be attributed to the company’s strategic initiatives, including expanding its global footprint and investing in new technologies to improve customer experience. Avis Budget Group Inc also reported a net income of $2.72 billion, a significant increase from the previous year’s net loss of $1.17 billion.

The company’s share price has also seen a positive trend. In the past 52 weeks, the share price has ranged from a low of $131.83 to a high of $327.8, with a 50-day moving average of $188.95 and a 200-day moving average of $187.64. This shows a steady increase in the share price, with a current price of 166.77 on date 2024-01-29.

Current Company Information:

As of the latest quarter, 2022-09-30, Avis Budget Group Inc had a market capitalization of $9.14 billion and a trailing price-to-earnings ratio of 4.312. The company’s earnings per share (EPS) for the same period were $51.14, indicating a strong financial performance. Avis Budget Group Inc also has a low price-to-sales ratio of 0.651, which is below the industry average, making it an attractive investment opportunity.

In terms of analyst expectations, the consensus target price for Avis Budget Group Inc is $224.25, which suggests a potential upside of 34.5% from the current share price. This further reinforces the positive outlook for the company’s future performance.

Conclusion:

Overall, Avis Budget Group Inc has a strong presence in the transportation industry and has shown consistent growth and financial performance in recent years. The company’s diverse portfolio of services, global reach, and strategic initiatives make it well-positioned for future growth. With a current share price of 166.77 on date 2024-01-29, Avis Budget Group Inc appears to be an attractive investment opportunity with the potential for long-term growth. However, as with any investment, it is important to conduct thorough research and consult with a financial advisor before making any investment decisions.

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
2024-01-29 CAR STRONGBUY 0.63 166.77 224.25
2024-01-10 CAR MEDIUMBUY 0.63 168.18 224.25

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