|Bid||0.00 x 1000|
|Ask||0.00 x 1000|
|Day's range||92.21 - 96.88|
|52-week range||25.54 - 102.94|
|Beta (5Y monthly)||2.35|
|PE ratio (TTM)||36.21|
|Earnings date||27 Oct 2021 - 01 Nov 2021|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||23 Feb 2006|
|1y target est||93.17|
Avis Budget (CAR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Thursday morning, Bank of America Securities analyst John Murphy upped his recommendation on the stock to buy from the previous neutral. Avis stock has been on a tear of late, as demand for rental vehicles has risen notably as an increasingly vaccinated population longs to break their stay-at-home isolation for some travel elsewhere (or at least a decent road trip more locally). "Many of the macro factors driving 'over-earning' by the company in 2021 will likely persist well into 2022," he wrote in his latest research note on Avis.
The stock market has entered a turbulent period, and even the high-performing Nasdaq Composite (NASDAQINDEX: ^IXIC) hasn't been able to avoid the air pockets in the market. As of just before noon EDT on Thursday, the Nasdaq was down more than half a percent, despite remaining within a few percentage points of its record levels. With the index falling, it's not surprising that many of the tech giants that play such an influential role in the Nasdaq are on the decline.