Investors are taking note of the Avis Budget Group Inc. (CAR) as its stock soars, offering a 27.4% upside at a bargain price. This is a great opportunity for those looking for a solid return on their investments, and the stock has seen a surge in interest from both institutional and individual investors. With CAR stock currently trading at a discount, now is the time to take advantage of this stock’s potential.
CAR Stock Soars: Avis Budget Group Inc. Offers 27.4% Upside
The stock of Avis Budget Group Inc. (CAR) has seen significant gains in the last session, with trading volume above average. The company has seen strong demand and proper pricing enable its revenues to grow in the first quarter of 2023, with earnings surpassing estimates by more than 100%. This has been helped by cost discipline and steady demand, and the company is likely to benefit from the rising demand and growing technology adoption of the Zacks Business Services industry. Analysts have given CAR a mean price target of 27.4%, indicating a potential upside of the stock. With the company’s conference call to discuss results scheduled for May 2nd, 2023, investors may be looking to capitalize on the potential upside of CAR stock.
Analysts’ Price Targets Point to a Bargain Price
Analysts have been bullish on Avis Budget Group (CAR) with a mean price target of $252.50, suggesting a 27.4% upside from its current price. This is largely due to the company’s strong first quarter results in 2023, which saw its revenues surpassing estimates by more than 100%. The company’s cost discipline and steady demand have enabled it to benefit from the rising demand and growing technology adoption of the Zacks Business Services industry. The stock has also been identified as one of the several stocks that passed through our ‘Fast-Paced Momentum at a Bargain’ screen, making it an attractive buy for investors. With a conference call to discuss results scheduled for May 2nd, 2023, investors should keep an eye on the stock in the coming weeks.
Fast-Paced Momentum at a Bargain: Zacks Rank #1 Value Stocks
The Avis Budget Group (CAR) stock has seen a surge in the last session with trading volume being higher than average. The company has been able to capitalize on the rising demand and growing technology adoption of the Zacks Business Services industry, and the mean of analysts’ price targets for CAR points to a 27.4% upside in the stock. With cost discipline and steady demand, the company has seen its revenues grow in the first quarter of 2023, with earnings surpassing estimates by more than 100%. This has enabled the stock to settle in just above $200 per share, making it a bargain for investors. CAR, along with AMR and JRVR, made it to the Zacks Rank #1 (Strong Buy) value stocks list on March 28, 2023, and a conference call to discuss results is scheduled for May 2nd, 2023. This gives investors an opportunity to invest in a fast-paced momentum stock at a bargain.
Avis Budget Group Inc.’s CAR stock has soared in recent weeks, providing investors with a 27.4% upside at a bargain price. With the company’s strong fundamentals and its ability to capitalize on the current market conditions, CAR stock is well positioned to continue its upward trajectory in the coming months. Investors looking for an opportunity to capitalize on this trend should take a closer look at Avis Budget Group Inc. and its CAR stock.