Avis Budget Group (CAR, Financial) experienced a significant stock price increase of 5.01%, with its shares reaching $81.35. The trading volume was 403,312 shares, indicating a turnover rate of 1.13% and a price fluctuation of 5.97%.
Recent financial reports reveal the company achieved revenues of $3.048 billion and a net profit of $14 million, equating to earnings per share of $0.39. The gross profit stood at $815 million, with a price-to-earnings ratio of 3.99. Analyst ratings show that 70% of brokerages recommend buying the stock, while 30% suggest holding, with no recommendations for selling.
Within the car rental services industry, the sector saw an overall increase of 1.81%. Alongside Avis, other prominent stocks include Hertz Global Holdings. Notable activity was seen in related stocks such as Zoomcar Holdings and Hertz, with turnover rates of 1.40% and 0.87% respectively.
Avis Budget Group is a leading provider in car rental and car-sharing services, with key brands like Avis, Budget, and Zipcar. Avis caters to high-end business and leisure travelers, while Budget targets cost-conscious customers. The company operates its rental network and licenses its brands to franchisees, with a significant revenue stream from the Americas market.
