Avis Budget Group, Inc. CAR was a big mover last session, as the company saw its shares rise over 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend for the company – as the stock is now down 3.4% in the past one month time frame.
The shares rose after the company reported better-than-expected fourth-quarter 2017 results.
Avis Budget Group has seen the Zacks Consensus Estimate for the current quarter being revised downward over past two months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Avis Budget Group currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESPis positive.
Avis Budget Group, Inc. Price and Consensus
A better ranked stock in the Business – Services industry is Vectrus, Inc.VEC which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is CAR going up? Or down? Predict to see what others think: Up or Down
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