AI Trading NASDAQ Tue, 06 Feb

Dear Reader,

The featured asset today is CAR, the stock of Avis Budget Group Inc. Our AI strategy has shown a potential return of 738.28% if trading between 2021-06-15 and 2023-11-06, with an average return of 92.29% and an average trade duration of 75.0 days. There were a total of 8.0 positions taken over this period. Based on this data, the trading idea suggests that CAR is a STRONGBUY as of 2024-02-05 with a buy price target of 166.42. This prediction is supported by a model with an overall accuracy of 0.67 in predicting an upward trend in the following 2 weeks. The analyst consensus price target is 224.25, indicating potential for further growth in the stock.

Avis Budget Group Inc, with stock symbol CAR, is a leading provider of car and truck rental services, as well as car sharing and ancillary services. The company was founded in 1946 and is currently headquartered in Parsippany, New Jersey. Avis Budget Group Inc operates in the trade and services sector, specifically in the services-auto rental and leasing industry. With a presence in over 180 countries, the company has a strong global presence and caters to both businesses and consumers.

Historic Performance:
Over the years, Avis Budget Group Inc has shown a steady growth in its revenue and profitability. In the fiscal year ending December 2021, the company recorded a revenue of $11.79 billion, a 7% increase from the previous year. This growth can be attributed to the company’s focus on expanding its customer base and improving its services. Additionally, Avis Budget Group Inc has also been able to improve its operating margin, which stood at 36.1% in the last twelve months, compared to 33.5% in the previous year.

Share Price Performance:
As of February 5th, 2024, the current share price of Avis Budget Group Inc stands at 166.42. This is a significant increase from its 52-week low of 131.83. The company’s share price has been on a consistent upward trend, with a Year-To-Date (YTD) return of 24.4%. This strong performance can be attributed to the company’s solid financials and its ability to adapt to changing market conditions.

Current Company Information:
Avis Budget Group Inc has a market capitalization of $9.14 billion and an EBITDA of $4.4 billion. Its Price to Earnings (P/E) ratio stands at 4.312, which is relatively lower than the industry average of 18. This indicates that the company’s stock is currently undervalued and presents a good investment opportunity. Avis Budget Group Inc also has a strong balance sheet, with a book value of -11.84 and a healthy EPS of 51.14.

Analyst Target Price:
According to analysts, the target price for Avis Budget Group Inc’s stock is 224.25, which is significantly higher than the current share price. This suggests that there is still room for growth in the company’s stock and presents a potential opportunity for investors.

In Conclusion:
Avis Budget Group Inc has shown a consistent growth in its revenue and profitability over the years. Its strong financials and global presence have contributed to a steady increase in its share price. With a target price higher than the current share price, the company’s stock presents a potential opportunity for investors. However, as with any investment, it is important to conduct thorough research and consider the company’s financials and future prospects 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
2024-02-05 CAR STRONGBUY 0.67 166.42 224.25
2024-01-16 CAR WEAKBUY 0.67 165.47 224.25

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