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Sarah Patel's Avatar
published in Blogs
Sep 17, 2021

Avis Budget (CAR, $98.79) gets rating boost from Bank of America

Avis Budget  shares rose Thursday, following a rating boost from Bank of America.

Bank of America upgraded rating on the car rental company’s shares to buy from neutral.

“Many of the macro factors driving ‘over-earning’ by the company in 2021 will likely persist well into 2022,” BofA analysts wrote in a commentary. The factors include limited incoming vehicle supply and tight average fleet, higher revenue per day from the ongoing supply/demand imbalance and moderated per unit fleet cost from elevated used vehicle pricing.

 “Combined with ongoing execution by Avis, this should result in upward revisions to 2022 and beyond estimates that do not appear appreciated by the stock,” the analysts said.

Bank of America has a target price of $125 on Avis shares, up from $90.

Related Ticker: CAR

CAR sees its Stochastic Oscillator recovers from oversold territory

On May 19, 2023, the Stochastic Oscillator for CAR moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 51 instances where the indicator left the oversold zone. In of the 51 cases the stock moved higher in the following days. This puts the odds of a move higher at over .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on May 22, 2023. You may want to consider a long position or call options on CAR as a result. In of 76 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for CAR just turned positive on May 17, 2023. Looking at past instances where CAR's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CAR advanced for three days, in of 331 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 50-day moving average for CAR moved below the 200-day moving average on May 04, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CAR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for CAR entered a downward trend on May 25, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. CAR’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: CAR's P/B Ratio (256.410) is very high in comparison to the industry average of (3.840). P/E Ratio (3.041) is within average values for comparable stocks, (28.990). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.389). CAR has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.049). P/S Ratio (0.575) is also within normal values, averaging (5.552).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

Notable companies

The most notable companies in this group are VISA (NYSE:V), Mastercard (NYSE:MA), American Express Company (NYSE:AXP), PayPal Holdings (NASDAQ:PYPL), Capital One Financial (NYSE:COF), Discover Financial Services (NYSE:DFS), United Rentals (NYSE:URI), Synchrony Financial (NYSE:SYF), SLM Corp (NASDAQ:SLM), Bread Financial Holdings (NYSE:BFH).

Industry description

A leasing company (e.g. United Rentals, Inc. ) is typically the legal owner of the asset for the duration of the lease, while the lessee has operating control over the asset while also having some share of the economic risks and returns from the change in the valuation of the underlying asset. Per capita disposable income and corporate earnings or cash flow could be some of the critical metrics for this business – the higher the values of these metrics, the potentially greater ability of consumers/businesses to afford apartments/office spaces for rent. Other finance companies include credit/debit card payment processing companies (e.g. Visa Inc. and Mastercard), private label credit cards providers (e.g. Synchrony Financial) and automobile finance companies (e.g. Credit Acceptance Corporation).

Market Cap

The average market capitalization across the Finance/Rental/Leasing Industry is 8.36B. The market cap for tickers in the group ranges from 2.17K to 462.92B. V holds the highest valuation in this group at 462.92B. The lowest valued company is AZNVF at 2.17K.

High and low price notable news

The average weekly price growth across all stocks in the Finance/Rental/Leasing Industry was 1%. For the same Industry, the average monthly price growth was 0%, and the average quarterly price growth was -8%. SEZNL experienced the highest price growth at 43%, while WEIDY experienced the biggest fall at -25%.

Volume

The average weekly volume growth across all stocks in the Finance/Rental/Leasing Industry was 150%. For the same stocks of the Industry, the average monthly volume growth was 15% and the average quarterly volume growth was 124%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 44
P/E Growth Rating: 64
Price Growth Rating: 53
SMR Rating: 66
Profit Risk Rating: 82
Seasonality Score: -5 (-100 ... +100)
View a ticker or compare two or three
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

an oparator of vehicle rental and car sharing services

Industry FinanceRentalLeasing

Profile
Fundamentals
Details
Industry
Finance Or Rental Or Leasing
Address
6 Sylvan Way
Phone
+1 973 496-4700
Employees
24500
Web
https://www.avisbudgetgroup.com
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CAR and

Correlation & Price change

A.I.dvisor indicates that over the last year, CAR has been closely correlated with HTZ. These tickers have moved in lockstep 71% of the time. This A.I.-generated data suggests there is a high statistical probability that if CAR jumps, then HTZ could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CAR
1D Price
Change %
CAR100%
+2.77%
HTZ - CAR
71%
Closely correlated
-0.70%
AL - CAR
58%
Loosely correlated
-1.53%
AER - CAR
57%
Loosely correlated
-1.57%
LC - CAR
57%
Loosely correlated
-0.24%
ORCC - CAR
55%
Loosely correlated
+0.15%
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