Avis Budget Group Inc. (CAR, Financial) experienced a significant stock price drop of 5.22%, with shares currently trading at $83.84. The trading volume reached 158,245 shares, marking a turnover rate of 0.45% and a price fluctuation of 3.07%.
Recent financial results show Avis Budget Group's revenue at $3.48 billion, net income at $237 million, and earnings per share of $6.68. The gross profit stands at $1.124 billion, and the price-to-earnings ratio is 7.50. Among the 10 institutions providing ratings, 60% recommend buying, while 40% suggest holding, with no sell recommendations.
The broader rental services industry, where Avis operates, saw an overall decline of 1.43%. Within this sector, stocks such as Ftai Aviation Ltd. and Mcgrath Rentcorp showed notable gains, while Zoomcar Holdings, Inc., Multi Ways Holdings Limited, and Flexshopper, Inc. were more actively traded. Zoomcar Holdings Inc C/Wts 31/05/2025 (To Pur Com), Flexshopper, Inc., and Multi Ways Holdings Limited exhibited significant volatility with price swings of 32.26%, 22.30%, and 19.80%, respectively.
Avis Budget Group Inc. is a prominent provider of car rental and car-sharing services, operating under 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 own rental locations and franchises its brands, with the majority of its revenue generated from the Americas.
