CAR - Avis Budget Group Inc.: 52-Week High Recently Eclipsed (CAR)
Shares of Avis Budget Group Inc. (NASDAQ:CAR) traded at a new 52-week high today of $82.50. This new high was reached on below average trading volume as 306,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.
Avis Budget Group Inc is a provider of automotive vehicle rental and car-sharing services. Its brands include Avis, Budget, and Zipcar. Avis is targeted to serve the premium commercial and leisure segments of the travel industry, while Budget is focused on value-conscious customers. The company operates its own network of rental locations and licenses its brands to franchisees. Zipcar is a car-sharing service that allows members to use the company-owned Zipcar fleet at an hourly rate. The company's largest region by revenue is the Americas.
Based on a current price of $82.48, Avis Budget Group Inc. is currently 4.2% above its average consensus analyst price target of $78.97.
Over the past year, Avis Budget Group Inc. has traded in a range of $9.44 to $82.50 and is now at $82.48, 774% above that low.
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