Avis Budget Group Inc. (CAR, Financial) experienced significant stock volatility with its price dropping by 5.14%. The shares are currently trading at $101.09 with a trading volume of 181,842 shares and a turnover rate of 0.52%, while showing a price fluctuation of 6.00%.
The latest financial results reveal Avis generated revenue of $3.48 billion, a net profit of $237 million, and earnings per share (EPS) of $6.68. The company reported a gross profit of $1.124 billion and a price-to-earnings (P/E) ratio of 9.03. Among institutions rating the stock, 70% recommend a buy, while 30% suggest holding, with no sell recommendations.
Within the rental services industry, the overall decline was 1.28%. Notable performers included Flexshopper, Inc., Ftai Aviation Ltd 8.00% Fix-To-Fltng Ser B Cum Per Red Pre, and Ftai Aviation Ltd 9.500% Fxd Rt Rst Cum Perp Red Pfd Ser D, which saw significant gains. Meanwhile, Zoomcar Holdings, Inc., Hertz, and Willscot Holdings Corporation were among the most active stocks, with turnover rates of 7.20%, 1.35%, and 1.27%, respectively. Stocks with large price swings included Zoomcar Holdings Inc C/Wts 31/05/2025 (To Pur Com), Multi Ways Holdings Limited, and Zoomcar Holdings, Inc., with fluctuations of 16.67%, 11.41%, and 8.61%, respectively.
Avis Budget Group Inc. is a provider of car rental and car-sharing services through brands like Avis, Budget, and Zipcar. Avis targets the high-end business and leisure travel market, offering a network of company-owned locations and franchised operations. Zipcar provides car-sharing services with a fleet available for members. The majority of Avis' revenue comes from the Americas.
