CAR - Shares of Avis Budget Group Inc. (CAR) Rise to a New 52-Week High
Shares of Avis Budget Group Inc. (NASDAQ:CAR) traded today at $78.50, eclipsing its 52-week high. So far today approximately 306,000 shares have been exchanged, as compared to an average 30-day volume of 1.6 million shares.
Avis Budget Group Inc. share prices have moved between a 52-week high of $78.50 and a 52-week low of $9.44 and are now trading 731% above that low price at $78.42 per share.
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.
Avis Budget Group Inc. (NASDAQ:CAR) is currently priced 1.8% above its average consensus analyst price target of $77.03.
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