Published: Wed, August 09, 2017
Money | By Armando Alvarado

Avis Budget Group, Inc. (NASDAQ:CAR) To Release Earnings

Avis Budget Group, Inc. (NASDAQ:CAR) To Release Earnings

Several other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of eHi Car Services Limited by 237.8% in the first quarter. Renaissance Technologies LLC now owns 108,900 shares of the company's stock worth $987,000 after buying an additional 82,400 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp boosted its position in Avis Budget Group by 21.9% in the first quarter. (NASDAQ:CAR) was up 3.66% at $33.39 on Monday, in a 52-week range of $20.71 to $41.53 and with a consensus analyst target price of $37.33. LS Investment Advisors LLC raised its position in Avis Budget Group by 27.6% in the first quarter.

02/25/2016 - Avis Budget Group, Inc. had its " rating reiterated by analysts at Citigroup. Finally, BidaskClub upgraded Avis Budget Group from a "sell" rating to a "hold" rating in a report on Saturday, June 24th.

Avis Budget Group, a leading provider of vehicle rental services, with operations in more than seventy countries.

Going back previous 30 days we noticed that auto performed along premium change of 16.71%. (NASDAQ:CAR). Neuberger Berman holds 0.1% or 2.03 million shares.

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Avis Budget Group, Inc. has a 50 day moving average of 28.18 and a 200 day moving average of 29.89. The company has market cap of $1.34 billion. Current trade price levels places CAR's stock about -19.60% away from the 52-week high and closed 61.23% away from the 52-week low.

The stock of Avis Budget Group Inc. Traders purchased 11,831 put options on the company. This represents an increase of approximately 706% compared to the average daily volume of 1,468 put options. According to the past 5 years report, Its forward price to earnings ratio ranks lower than the industry's 35.56. The business services provider reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.62 by $0.32. Avis Budget Group Inc.

Avis updated its full-year 2017 revenues expectations to between $8.8 billion and $8.95 billion. Next quarter's EPS is expected be $0.13 with next year's EPS projected to be $0.61. The company's revenue was down.2% on a year-over-year basis. On average, analysts forecast that Avis Budget Group, Inc. will post $2.84 earnings per share for the current year. Legal General Group Inc Plc accumulated 170,274 shares. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. and global copyright law. The Firm is engaged in auto rentals and vehicle services. (NASDAQ:CAR). California State Teachers Retirement, a California-based fund reported 161,400 shares. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Tudor Pickering downgraded the stock to "Accumulate" rating in Thursday, November 12 report. As per Monday, October 24, the company rating was initiated by Goldman Sachs. (NASDAQ:CAR) has "Buy" rating given on Monday, December 14 by M Partners. Avis Budget Group now has an average rating of "Hold" and a consensus target price of $36.40. (NASDAQ:CAR). Hanseatic Management Service holds 0.01% of its portfolio in Avis Budget Group Inc. The Company operates three brands, which include Avis, Budget and Zipcar.

There are several factors within the automobile industry that have put downward pressure on the vehicle rental business since 2014. It also owns Payless, which a auto rental brand; Apex, which is a auto 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. (NASDAQ:CAR). Creative Planning holds 0% or 1,939 shares in its portfolio.

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