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Avis Budget Group, Inc. (CAR)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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100.00+5.89 (+6.26%)
At close: 4:00PM EDT
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  • G
    Giovanni
    i have no idea why the avis share rises and rises and rises. the trend is your friend. and if i should join now then the trend has probably come to an end. I think, however, as long as there is skepticism here in the forum, the share will continue to rise.
  • E
    Estevan
    Management should take advantage of this pop and issue shares to pay off debt.
  • D
    Der T Sanchez
    When this was $35 for years with much much less debt and better sales....no one wanted it. Now that its $110 with massive bloat and smaller business.,...analysts are fighting each other for increased stock bids.
  • E
    Enrique
    Why is the share flyng ?. I believe thatvthe answer is in its June 2021 quarterly figures. It seems to me that nobody (may be excepting Bofa analyst) is paying enough attention to those figures. I'll try to make it brief. As of June 2021, Car showed an amazing $ 5,69 quarterly EPS (compares to an annual $ 3,70 in 2019; before covid). It is true that the whole operation is now smaller. Annual sales of 9,2bn in 2019 seems that will now stand around 6,5bn in annual 2021. But both Ebit and pre tax have multiplied by 4x in quarterly June 2021. Even being conservative in our projections, it seems that annual 2021 EPS should be at least at $ 11 (or more). Chose your P/E. Want to take the market average of 25x ?, then Car pps should be north of $ 280. Even if we take a conservative P/E of 15x, Car pps would be above $ 160. This simple math is whatnis driving the current rally. Cant wait ti receive Cars's Sept 2021 figures. If they confirm June figures trend, this share may still have a lot of room to grow. Debt level ?. Of course it was a huge problem with 2019 profitability levels. But is not a problem at all considering the "new" profiit levels of June 2021. Cars's interest debt service stands approx at $ 580mm/year. Based on June 2021 figures, even a conservative projection shows an approx $ 1400 Ebitda. More than enough to pay debt service; and even enough to pay some dividends. I wouldnt short this share now. Not, at least, until Sept figures are released. Goof luck to everybody...
  • V
    Veronica
    Tangible Book Value = -$2B................... It's BUY time ya'll!
  • T
    TJ
    Wow! We are getting a master class from CAR in how to manipulate stock price and evade SEC prosecution! Genius!
  • R
    RUAFoX
    yes it hurts to short this stock. I will not lose my resolve. I have double down every $2 since 88. My day will come just need to hold on till the retail investor have a larger peace of the pie. when it comes it will be hard and enjoyable. this stock is completely off the rails seems like bit coin speculation. at least in bit coin I can see the future potential.
  • m
    ml2010
    This might be a short squeeze. Avis has a pretty large short position. Looks like they might need to cover
  • R
    RUAFoX
    backed the truck up and shorted another 100 shares today thanks for the opportunity
  • R
    RUAFoX
    The sky is falling. maybe people will now look into the actual company's they are all investing in. Or will they keep funding over leveraged and underperforming net profit. show me the money
  • E
    Estevan
    120 back to the 80s will be a nice short
  • S
    Smarty
    That someone who dumped 1 million shares seems to be SRS Investment Management,LLC as per form 4 of SEC filing. They beneficially acquited it for 35.33 and dumped for 90.18. all on Sept 10. Not a bad "investment".
  • C
    Clifton
    Holy smokes. Blow off top incoming. Liquidated another position to be able to get some puts and average up.
  • S
    Sam Hamilton
    From zero to hero
  • M
    Mordena Vs Vanilla Ice
    Without BofA pumping CAR would have been trading around $85 by now. You believe in magic but I believe in market efficiency.
  • K
    K
    Is anyone reading those "research" reports from Argus? They are up and down by almost 40% in a month. CAR is borrowing like 9x their net profit to by old vehicles which depreciate 3x the net profit. And this business model is worth $120 target price? Uhh!?
  • C
    Clifton
    The sale of my rental properties close at the end of the week - please, CAR, stay high until then.
  • S
    Sofya
    The stock price move is technical imho, not fundamental. In the long run, fundamentals always win.
  • S
    Smarty
    This is one of the most manipulated and hyped stocks to trade. The DJ transportatioj index is down and this one goes up as if it is the jewel in the crown; one of the most debt-ridden, yet overvalues stocks.
  • A
    Anonymous
    maybe they can buy some new trucks for the truck division.