Avis Budget Group (CAR) has been under a strong bear grip, hence the stock is down -2.36% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.85% in the past 1 week. The stock has risen by 1.81% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.98% in the past 4 weeks.
Avis Budget Group, Inc. is up 35.48% in the last 3-month period. Year-to-Date the stock performance stands at 2.07%. The stock has recorded a 20-day Moving Average of 0.41% and the 50-Day Moving Average is 6.33%.
Avis Budget Group (NASDAQ:CAR): The stock opened at $36.92 on Friday but the bulls could not build on the opening and the stock topped out at $37.07 for the day. The stock traded down to $36.45 during the day, due to lack of any buying support eventually closed down at $37.04 with a loss of -0.24% for the day. The stock had closed at $37.13 on the previous day. The total traded volume was 1,149,616 shares.
Also, Equity Analysts at the Barclays maintains the rating on Avis Budget Group (NASDAQ:CAR). The brokerage firm has issued a Equal-weight rating on the shares. The Analysts at the ratings agency raises the price target from $31 per share to $33 per share. The rating by the firm was issued on August 10, 2016.
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 is a rental car supplier and Budget is a rental vehicle supplier. The Company also own Payless, a car rental brand and Apex, which is a car rental brand in New Zealand and Australia. The Company operates in three segments: North America, International and Truck Rental. North America segment provides car rentals in the United States and vehicle rentals in Canada, as well as ancillary products and services. International segment provides and licenses the Companys brands to third parties for vehicle rentals and ancillary products in Europe, the Middle East, Africa, Asia, South America, Central America, the Caribbean, Australia and New Zealand. Truck Rental segment provides truck rentals and ancillary products and services to consumers and commercial users in the United States.