Avis Budget Group, Inc. (NASDAQ:CAR) moved down -0.81% and closed its last trading session at $36.73. This Business Services Sector stock currently has the Market Capitalization of 3.19 Billion. The Average Volume for the stock is measured as 1.65 Million. The Stock has a 52-Week High of $41.53 and 52-Week Low of $21.73 following the dates, it touched its 52-Week High on Dec 7, 2016 and 52-Week Low on Feb 25, 2016. Currently, the Return on Assets value for the trailing twelve months is 1% with the Return on Equity and Return on Investment of 46.6% and 5.6% respectively. This firm currently has YTD (year to date) performance of 0.14 Percent which is awesome. The Short Ratio for the stock is 9.07.
Avis Budget Group, Inc. (NASDAQ:CAR) Price to Earnings (P/E) ratio is 17.7. EPS or Earning per Share stands at $2.08. The TTM operating margin is 9 percent.
Avis Budget Group, Inc. (NASDAQ:CAR) reports its Earnings on Wed 15 Feb (In 7 Days). The estimated EPS for the current quarter is said to be $0.18. Following Earnings result, share price were UP 17 times out of last 30 Qtrs. The stock has added about 14.5% since it reported its last earnings. The Closing price of Avis Budget Group, Inc. (NASDAQ:CAR) at Last Earnings was $32.35 as compared to the previous closing price of $37.03. The Predicted Move on the 7th day after Avis Budget Group, Inc. (NASDAQ:CAR) will release its earnings at about 9%.
By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Avis Budget Group, Inc. (NASDAQ:CAR) beats earnings by 66%, The Stock Missed Earnings 3 times and has met earnings 1 times.
We will discuss the past Quarters Earnings below:
Avis Budget Group, Inc. (NASDAQ:CAR) reported its previous quarter on 11/02/2016 where it reported the Actual Earnings of $2.47. The Closing price before the company posted its earnings was $32.35. The Stock surged on the very next day of earnings and maintained its stock price at $36.49 by showing a % change of 12.8 percent from its previous closing price. The Next Day Volume after Earnings was reported as 5.72 Million. On the 7th day After Earnings Report, the stock hit its share price as $35.93 by showing 11.07% increase from the Stock price Before Earnings were reported.
On 08/02/2016, the stock reported the EPS of $0.63 where Analysts were projecting the EPS to be $0.69 showing a difference of $-0.06. Thus Surprise Factor was there with -8.7 percent. Before Earnings Announcement on 08/02/2016, the firm had its stock price of $34.76. And immediately on the next day after earnings announcement, the stock inclined 6.13% and closed its trading session at $36.89. On 7th Day after earnings release, Avis Budget Group, Inc. (NASDAQ:CAR) surged to 10.3% from $34.76 to $38.34.
On 05/03/2016, Analysts were suspecting EPS of $-0.08/share where Avis Budget Group, Inc. (NASDAQ:CAR) reported its Actual EPS of $-0.28. Thus showing a Surprise of -250 percent. The Closing Price of the stock before earnings was $23.54 while on the Next day the stock closed its trading session at $25.01 with a percentage change of 6.24% from the price of 23.54 before Earnings. The Stock Closing Price on the 7th day of earnings was $26.39.
Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers worldwide. The company operates through Americas and International segments. It operates the Avis car rental system with approximately 5,550 locations that supply rental cars to the premium commercial and leisure segments of the travel industry; the Budget vehicle rental system with approximately 3,900 car rental locations, which serve the value-conscious segments of the industry; and Zipcar, a membership-based car sharing network that provides vehicles to approximately 1 million members. The company also operates the Payless brand, which comprises approximately 200 vehicle rental locations; Apex brand primarily in the deep-value segment of the car rental industry with approximately 20 rental locations; and the Maggiore brand that provides vehicle rental services in the commercial, leisure, and insurance replacement/leasing segments with approximately 100 rental locations in Italy. In addition, it is involved in the local and one-way truck rental businesses with a fleet of approximately 21,000 vehicles, which are rented through a network of approximately 1,000 dealers and 450 company-operated locations that serve the consumer and light commercial sectors in the continental United States. Further, the company provides a range of optional insurance products and coverages, such as supplemental liability insurance, personal accident insurance, personal effects protection, automobile towing protection, and cargo insurance. Avis Budget Group, Inc. was founded in 1946 and is headquartered in Parsippany, New Jersey.