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Avis Budget Group

Used cars took off two years ago, and this got caught up in meme trading. Their PE is way off the charts, and used car prices are declining. We also face a recession if not now then next quarter.

Consumer Products
Avis Budget Group
Is up 72% this week so far, largely due to the meme trade who slammed the short-sellers. CAR just reported a super quarter, too.
Consumer Products
Avis Budget Group

All the rental car companies are extremely volatile. They tend to be small. A lot of the spending that goes there is very cyclical. No one has to rent a car. They are also up against Uber. However, the companies are cheap and just crying out for consolidation. On pullbacks, he would add to positions.

Consumer Products
Avis Budget Group

The whole rental business is going through a difficult period. The popularity of Uber is actually a negative for car rentals. It is quite competitive in terms of pricing. The business is pretty difficult and she would not invest there.

Consumer Products
Avis Budget Group
Avis bought out Avis Europe at the beginning of the 4th quarter and basically took a write off. Has recovered very strongly from the great recession. There is a little bit of growth in the number of cars being rented. 1st and 4th quarters are their worst quarters but they make money in the summer. Margins are being squeezed by competition and people unwilling to pay.
Consumer Products
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Avis Budget Group(CAR-Q) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 1

Stockchase rating for Avis Budget Group is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Avis Budget Group(CAR-Q) Frequently Asked Questions

What is Avis Budget Group stock symbol?

Avis Budget Group is a American stock, trading under the symbol CAR-Q on the NASDAQ (CAR). It is usually referred to as NASDAQ:CAR or CAR-Q

Is Avis Budget Group a buy or a sell?

In the last year, 1 stock analyst published opinions about CAR-Q. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Avis Budget Group.

Is Avis Budget Group a good investment or a top pick?

Avis Budget Group was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Avis Budget Group.

Why is Avis Budget Group stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Avis Budget Group worth watching?

In the last year, there was no coverage of Avis Budget Group published on Stockchase.

What is Avis Budget Group stock price?

On 2023-12-01, Avis Budget Group (CAR-Q) stock closed at a price of $195.71.