Avis Budget Intrinsic Value Calculation – AVIS BUDGET Receives $133.50 Target Price from Brokerages, Boosting Investor Confidence
November 12, 2024
☀️Trending News
AVIS BUDGET ($NASDAQ:CAR) Group, Inc. is a leading global provider of vehicle rental services, with brands including AVIS, Budget, and Zipcar. Recently, AVIS BUDGET received a boost of investor confidence as brokerages gave the company a target price of $133.50. This is a positive sign for the company, as it indicates that industry experts and analysts are predicting a steady increase in the stock price. The target price was reported by Defense World, a reputable source known for its coverage of defense and aerospace industries. The article highlights the importance of reading this information carefully, as it can provide valuable insights for potential investors. This indicates that the company is expected to see growth in the coming months, which can lead to higher returns for investors. Furthermore, the target price also reflects the confidence of industry experts in AVIS BUDGET’s business strategy and financial performance.
The company has been focusing on expanding its presence in key markets and implementing cost-saving measures to improve profitability. In addition to the target price, brokerages also provided positive ratings and recommendations for AVIS BUDGET stock. This further strengthens investor confidence in the company’s potential for growth and success. Overall, the news of AVIS BUDGET receiving a target price of $133.50 from brokerages is a promising sign for the company and its investors. It showcases the strength of the company’s business model and its potential to deliver strong returns in the future. As always, it is important for investors to conduct their own research and carefully consider all factors before making any investment decisions.
Market Price
On Friday, AVIS BUDGET, a leading car rental company, received a target price of $133.50 from various brokerages. This boosted investor confidence and caused the stock to open at $94.39, a 1.94% increase from the previous closing price of $94.79. Despite closing at $92.95, down from the opening price, this news indicates positive sentiment towards the company’s future performance. The target price of $133.50 represents a significant increase from AVIS BUDGET’s current stock price, which has been steadily rising over the past year. This is a clear indication that the company is expected to continue growing and expanding in the coming months. Investor confidence in AVIS BUDGET has also been bolstered by its strong financial performance in recent years. The company has shown consistent revenue growth and profitability, driven by its strategic initiatives to improve customer experience and expand its services globally.
In addition to its financial success, AVIS BUDGET has also been recognized for its commitment to sustainability and corporate responsibility. This has further enhanced its reputation among investors and stakeholders, positioning the company as a leader in the car rental industry. With this new target price set by brokerages, investors are now closely monitoring AVIS BUDGET’s stock and eagerly awaiting its next financial report. The positive outlook for the company and its future growth potential have undoubtedly increased investor confidence and could lead to further stock price growth in the near future. It reflects the company’s strong performance and potential for future growth, solidifying its position as a top competitor in the car rental market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Avis Budget. More…
| Total Revenues | Net Income | Net Margin |
| 12.01k | 1.63k | 13.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Avis Budget. More…
| Operations | Investing | Financing |
| 3.83k | -7.35k | 3.51k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Avis Budget. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 32.3k | 32.33k | -9.64 |
Key Ratios Snapshot
Some of the financial key ratios for Avis Budget are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 29.3% | 95.5% | 18.4% |
| FCF Margin | ROE | ROA |
| 31.9% | -723.2% | 4.3% |
Analysis – Avis Budget Intrinsic Value Calculation
In my analysis of AVIS BUDGET, I have taken a close look at the company’s fundamentals and have determined an intrinsic value for its shares. Based on our proprietary Valuation Line, the intrinsic value of AVIS BUDGET stock is estimated to be around $236.9. This means that the stock is currently undervalued by approximately 60.8%. This undervaluation presents a potential opportunity for investors looking to add AVIS BUDGET to their portfolio. By purchasing the stock at its current price of $92.95, investors could potentially see a significant return as the stock’s value aligns with its intrinsic worth. One possible explanation for this undervaluation could be market sentiment or short-term fluctuations. However, it’s important to note that our analysis takes into account the company’s financial performance and future prospects, which we believe to be strong indicators of its true value. Overall, with a significant undervaluation and strong fundamentals, AVIS BUDGET appears to be a promising investment opportunity. As always, investors should conduct their own research and carefully consider all factors before making any investment decisions. More…
Peers
Its competitors include Hertz Global Holdings Inc, Localiza Rent A Car SA, and HyreCar Inc. Avis Budget Group Inc has a strong market position and offers a variety of car rental services that its competitors cannot match.
– Hertz Global Holdings Inc ($NASDAQ:HTZ)
Hertz Global Holdings Inc is a holding company that operates through its subsidiaries. The company’s principal business is car rental. It has a market cap of 6.63B as of 2022 and a Return on Equity of 70.21%. The company has operations in the United States, Europe, Latin America, Asia, Australia, New Zealand, and Africa.
– Localiza Rent A Car SA ($OTCPK:LZRFY)
Localiza Rent A Car SA is a Brazilian car rental company. The company has a market cap of 12.8B as of 2022 and a return on equity of 32.33%. Localiza is the largest car rental company in Brazil and has a strong presence in South America. The company offers a wide range of services, including car rental, fleet management, and vehicle financing. Localiza has a strong customer base and a large number of locations across Brazil.
– HyreCar Inc ($NASDAQ:HYRE)
HyreCar Inc. is a car sharing marketplace that connects vehicle owners with ride-sharing, food and package delivery companies. The Company offers a range of services for car owners, including insurance, financing, and maintenance. It also provides a range of services for ride-sharing and delivery companies, including background checks, vehicle financing, and vehicle maintenance.
Summary
According to a recent analysis by brokerages, the target price for AVIS BUDGET is set at $133.50. This indicates a potential upside for investors considering the current stock price. The company operates in the car rental industry and has seen steady growth in recent years. Additionally, AVIS BUDGET has been expanding its presence in the ride-sharing market, which could lead to further growth opportunities.
However, there are potential risks to consider, such as competition and changes in consumer behavior. Overall, the consensus among brokerages is currently bullish on AVIS BUDGET’s future performance, making it a potentially attractive investment option for those looking for long-term gains.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
