Avis Budget Group Inc. ($CAR) Stock Forecast: Up 9.1% Today

What is Avis Budget Group Inc.?

Avis Budget Group (CAR) is a company in the rental car industry. Today, the stock experienced a strong bullish movement.

Why is Avis Budget Group Inc. going up?

CAR stock is up 9.1% on Apr 17, 2025 13:47

• Disclosure of a large stake in Hertz Global Holdings by a notable investor may have positively influenced investor sentiment towards the rental car industry.
• Investors potentially view Avis Budget as a more stable option for benefiting from the rental car recovery compared to Hertz.
• The reemergence of market patterns related to China's new tariffs might have also contributed to the bullish movement in CAR stock, as mentioned by a market analyst.

CAR Price Chart

CAR Technical Analysis

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What's Going On With Avis Budget Group ( CAR ) Stock? - Avis Budget Gr ( NASDAQ:CAR ) , Hertz Global Holdings ( NASDAQ:HTZ )

Avis Budget stock jumped as Bill Ackman disclosed a large stake in Hertz. Investors may view Avis as a strong, more reliable play on rental car recovery. China's new tariffs just reignited the same market patterns that led to triple- and quadruple-digit wins for Matt Maley.

https://www.benzinga.com/news/25/04/44863298/whats-going-on-with-avis-budget-group-car-stock

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Avis Budget Group Inc. Price History

21.01.2025 - CAR Stock was down 5.3%

• The bearish movement in CAR stock today could be attributed to the investigation initiated by the Portnoy Law Firm, causing uncertainty and potential concerns among investors.
• The major shakeups in the crypto market due to Trump's first month in office might have also contributed to a broader negative sentiment in the market, impacting CAR's stock price negatively.
• Investors may be reacting to the news by selling off their positions in CAR, leading to the strong bearish movement observed today.

31.11.2024 - CAR Stock was up 5.4%

• CAR stock saw a rise today supported by strong demand for rental services, effective fleet management, and technology investments.
• Holding Avis Budget stock in a portfolio is noted for its potential benefits tied to the company's drivers of profitability.
• Concerns regarding the lack of dividends and low liquidity are mentioned as risks for investors to keep in mind.
• The positive trend in CAR reflects optimism in the market towards the company's operational strengths and growth prospects in the rental services sector.

08.03.2025 - CAR Stock was down 7.1%

• In spite of the strong demand in North America, CAR witnessed a downward trend, possibly influenced by concerns about escalating fleet expenses.
• Initially, there was an optimistic outlook on CAR's stock performance driven by expectations of President Trump's proposed 25% tariffs on imported vehicles increasing the value of the company's fleet. However, the market sentiment appears to have changed, leading to the downward movement.
• The market's response may be linked to uncertainties surrounding the potential effects of the tariffs on Avis Budget Group's overall business operations, contributing to the decline in the stock price.

20.02.2025 - CAR Stock was down 5.3%

• Despite strong demand in the car rental industry, Avis Budget stock experienced a bearish movement.
• The stock price surged and then declined, potentially indicating profit-taking by investors.
• The lack of sustained momentum in earnings estimate revisions may have played a role in the bearish movement, disappointing investors expecting further positive developments.
• It is likely that short-term market dynamics and profit-taking behavior influenced the bearish movement in Avis Budget stock, despite the company's solid fundamentals.

18.02.2025 - CAR Stock was down 9.6%

• The surge in Avis Budget's stock price might have been driven by speculative trading or short-term market sentiment.
• Despite the recent surge, the bearish movement today could be a result of profit-taking by investors who were capitalizing on the previous gains.
• The mixed outlook on earnings estimates may have contributed to the bearish movement, as investors reassess the stock's potential for further gains in the near term.
• Overall, today's bearish movement in Avis Budget's stock could be a natural correction following the recent surge, as investors weigh the company's future prospects against current market conditions.

04.02.2025 - CAR Stock was up 5.1%

• Recent upticks in CAR's stock value may be connected to an investigation initiated by Wolf Haldenstein Adler Freeman & Herz LLP. This development, despite causing scrutiny, could be interpreted by investors as a positive stride towards transparency and accountability, likely bolstering faith in the company.
• Alleged violations of securities laws within Avis Budget Group, Inc. could have spurred a reevaluation among investors regarding the company's practices and governance. This reassessment has led to heightened trading volumes and an accompanying surge in the stock price.
• As investors perceive the investigation as a preemptive move by the company to confront any potential issues, it may aid in lessening risks and uncertainties related to the accusations. This view is contributing to the upward trajectory in CAR's stock price today.

12.01.2025 - CAR Stock was down 6.0%

• Avis Budget Group (CAR) reported a Q4 loss and missed revenue estimates, leading to a bearish movement in the stock.
• The disappointing financial results might have signaled concerns among investors about the company's performance and future prospects.
• The upcoming conference call to discuss the Q4 results could potentially shed more light on the underlying issues impacting CAR's financial performance.
• The negative market sentiment towards CAR could be further exacerbated by the overall bearish trend in the market, leading to a significant decline in the stock price.

14.01.2025 - CAR Stock was up 5.4%

• Despite reporting a loss in Q4 and missing revenue estimates, CAR stock experienced a strong bullish movement.
• Investors might be optimistic about the future outlook of the company, looking beyond the current financial results.
• The upcoming announcement of the fourth-quarter results could be generating anticipation and speculation in the market, leading to the bullish trend.
• The overall positive sentiment towards the company's long-term growth potential might be outweighing the short-term financial challenges reflected in the recent earnings report.

17.03.2025 - CAR Stock was up 9.1%

• Disclosure of a large stake in Hertz Global Holdings by a notable investor may have positively influenced investor sentiment towards the rental car industry.
• Investors potentially view Avis Budget as a more stable option for benefiting from the rental car recovery compared to Hertz.
• The reemergence of market patterns related to China's new tariffs might have also contributed to the bullish movement in CAR stock, as mentioned by a market analyst.

11.01.2025 - CAR Stock was up 5.2%

• The bullish movement in CAR stock today could be attributed to anticipation and positive market sentiment surrounding the upcoming announcement of the company's fourth-quarter 2024 results.
• Investors might be optimistic about the financial performance of Avis Budget Group, leading to increased buying activity and driving the stock price higher.
• The news of the scheduled conference call to discuss the results could have also sparked investor interest and confidence in the company's future prospects, contributing to the bullish trend in the stock.

27.02.2025 - CAR Stock was up 20.9%

• The rise in Avis Budget Group's stock could be linked to the growing demand for rental cars amid escalating vehicle costs.
• Market fluctuations possibly presented trading chances, resulting in heightened purchase activity in CAR stock.
• The straightforward and effective trade signals from Matt Maley might have bolstered the positive trend in Avis Budget Group's stock.

07.03.2025 - CAR Stock was up 5.5%

• The surge in CAR stock is believed to be linked to the impending 25% tariffs on imported vehicles under President Trump's administration, which is anticipated to boost the company's fleet value.
• Investors seem to be pursuing the recovery of CAR stock, reflecting optimism regarding the potential benefits of the auto tariff increase on the company's financial performance.
• The recent 20% increase in Avis (CAR) shares highlights a growing investor confidence in the company's capacity to leverage the upcoming market changes.