Avis Budget Group Inc. ($CAR) Stock Forecast: Up 5.2% Today

What is Avis Budget Group Inc.?

Avis Budget Group Inc. (NASDAQ: CAR) is a leading global provider of mobility solutions, operating two of the most recognized brands in the industry Avis and Budget.

Why is Avis Budget Group Inc. going up?

CAR stock is up 5.2% on Sep 12, 2024 15:21

• The bullish movement in CAR stock today could be attributed to the announcement of the company's intention to offer $500 million of senior notes, which could indicate potential growth opportunities and strategic financial planning.
• The identification of oversold stocks in the industrials sector, including CAR, as undervalued presents a positive outlook for the stock, potentially attracting more investors looking for value opportunities.
• The mention of the Relative Strength Index (RSI) as a momentum indicator could also have influenced traders to take bullish positions on CAR, considering the stock's strength on days when prices go up compared to when they go down.

CAR Price Chart

CAR News

Top 3 Industrials Stocks That May Rocket Higher In Q3 - Core & Main ( NYSE:CNM )

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down.

https://www.benzinga.com/trading-ideas/long-ideas/24/09/40811411/top-3-industrials-stocks-that-may-rocket-higher-in-q3

Avis Budget Group Announces Intention to Offer $500 Million of Senior Notes

PARSIPPANY, N.J., Sept. 10, 2024 ( GLOBE NEWSWIRE ) -- Avis Budget Group, Inc. ( NASDAQ: CAR ) ( the "Company" ) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. ( together, the "Issuers" ) , intend, subject to market and other ...

https://www.globenewswire.com/news-release/2024/09/10/2943539/14887/en/Avis-Budget-Group-Announces-Intention-to-Offer-500-Million-of-Senior-Notes.html

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Avis Budget Group Inc. Price History

28.07.2024 - CAR Stock was down 5.2%

• The surge in implied volatility for Avis Budget Group (CAR) stock options suggests heightened uncertainty and potential downside risk as seen by investors.
• This rise in implied volatility could be linked to negative developments or overall market sentiment surrounding the company, contributing to the bearish trend in the stock price.
• Investors may be responding to worries about the company's financial performance, competitive challenges, or other factors affecting its business prospects, influencing today's bearish market performance for CAR.

12.08.2024 - CAR Stock was up 5.2%

• The bullish movement in CAR stock today could be attributed to the announcement of the company's intention to offer $500 million of senior notes, which could indicate potential growth opportunities and strategic financial planning.
• The identification of oversold stocks in the industrials sector, including CAR, as undervalued presents a positive outlook for the stock, potentially attracting more investors looking for value opportunities.
• The mention of the Relative Strength Index (RSI) as a momentum indicator could also have influenced traders to take bullish positions on CAR, considering the stock's strength on days when prices go up compared to when they go down.

05.08.2024 - CAR Stock was down 5.8%

• The bearish movement in Avis Budget Group Inc. (CAR) could be attributed to disappointing earnings reported 30 days ago, leading to a 12.7% decline in the stock.
• Investors might be concerned about the company's ability to rebound from the recent earnings miss, causing a sell-off in the stock.
• The market sentiment towards Avis Budget (CAR) seems to be cautious as investors await further developments and clarity on the company's future performance.

15.06.2024 - CAR Stock was up 5.0%

• CAR stock experienced a strong bullish movement today, likely driven by exceptional long-term performance and market outperformance over the past 15 years.
• Mention of a $100 investment turning into $1,500 today showcases the impressive growth potential and returns that CAR has delivered to its investors.
• Investors may have reacted positively to the company's solid track record and market capitalization of $3.85 billion, indicating confidence in its future growth prospects and resilience in the mobility solutions sector.

11.06.2024 - CAR Stock was up 5.9%

• Despite a recent downgrade to a "sell" rating, Avis Budget Group's stock (CAR) saw a significant increase in value.
• This positive market response may be influenced by strong financial performance, favorable industry trends, or upcoming strategic endeavors by the company.
• Investors seem optimistic about the company's potential to overcome obstacles and leverage opportunities in the changing mobility sector, resulting in heightened purchasing activity and pushing the stock price upwards.

19.06.2024 - CAR Stock was down 5.1%

• High-rolling investors positioned themselves bullish on Avis Budget Group (CAR) through options trading, but despite this, the stock saw a bearish movement today.
• Despite CAR's impressive outperformance over the past 15 years, with an average annual return of 19.91%, the market movement today may have been influenced by profit-taking or broader market conditions.
• The discrepancy between the long-term success of CAR and today's bearish movement could indicate short-term volatility or specific news impacting the stock price.

05.07.2024 - CAR Stock was up 5.8%

• The bullish movement in CAR stock today could be attributed to the upcoming release of its second-quarter earnings results, with analysts expecting a decrease in quarterly earnings compared to the previous year.
• Despite some bearish bets on CAR options by financial giants, the overall market sentiment seems to be positive, possibly fueled by anticipation and optimism surrounding the earnings report.
• Investors might be reacting favorably to the forecast changes from Wall Street's most accurate analysts, indicating a level of confidence in the company's performance despite the expected decline in earnings per share.

01.07.2024 - CAR Stock was down 5.4%

• The bearish movement in Avis Budget Group's stock (CAR) today could be attributed to analysts' estimates of a decline in earnings for the company. The lack of positive expectations for the upcoming earnings report may have led investors to sell off shares.
• Contrarian plays and deep value opportunities among less glamorous stocks might be prompting a shift in investor focus away from CAR, potentially contributing to the bearish movement.
• The discounted valuations of contrarian stocks may have attracted investors looking for asymmetric wagers with upside potential, diverting attention from Avis Budget Group (CAR) and adding to the selling pressure on the stock.

07.07.2024 - CAR Stock was up 5.7%

• Despite falling short of Q2 2024 earnings and revenue expectations, Avis Budget Group Inc. (CAR) posted record revenue and made strategic adjustments, potentially increasing investor confidence.
• The favorable market reaction to the company's resilience in the midst of challenging financial results signals possible long-term strategic endeavors.
• Investors seem focused on the company's adept navigation of economic uncertainties and its ability to implement necessary changes for growth, driving the bullish stock movement.
• Market sentiment may also reflect shifts in analysts' projections and outlook on the company's future performance, influencing the positive trend in CAR stock.

06.07.2024 - CAR Stock was up 6.1%

• Despite missing both EPS and revenue estimates for the second quarter of 2024, Avis Budget Group Inc. (CAR) saw a strong bullish movement in the stock market.
• The positive market response may be linked to factors like cost-cutting initiatives, strategic alliances, or growth opportunities not captured in the financial results.
• Investors appear to be looking beyond short-term earnings disappointments and focusing on the company's future potential, driving the upward momentum.
• The stock's rise could also be influenced by broader market sentiment or industry-specific trends that are boosting its performance, despite the weak earnings report.

02.07.2024 - CAR Stock was down 10.4%

• Bearish bets on CAR options have been made by market whales, with a majority of traders displaying a negative sentiment towards the stock.
• Analysts predict a decrease in Avis Budget Group's earnings, potentially influencing the downward trend in the stock price.
• Amid the market pullback and focus on popular stocks, the attention on CAR as a contrarian play seems to have been overlooked, resulting in insufficient buying support and reinforcing the bearish movement.
• The discounted valuation of CAR compared to its associated risks may have attracted bearish sentiment from traders, contributing to the stock's decline.

09.07.2024 - CAR Stock was down 5.4%

• Despite reporting record revenue and strategic adjustments in the recent earnings call, CAR stock experienced a strong bearish movement due to missing both EPS and revenue estimates.
• The 6% gain since the earnings miss was likely short-lived as investors reacted negatively to the significant discrepancies from analyst expectations.
• The decline in profit for the second quarter, along with missing Street estimates, further contributed to the bearish sentiment surrounding CAR stock.
• Investors may be concerned about the company's ability to meet future financial targets and execute its strategic initiatives effectively, leading to the downward pressure on the stock price.