Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers worldwide. The company operates through Americas and International segments. It operates the Avis car rental system with approximately 5,550 locations that supply rental cars to the premium commercial and leisure segments of the travel industry; the Budget vehicle rental system with approximately 3,900 car rental locations, which serve the value-conscious segments of the industry; and Zipcar, a membership-based car sharing network that provides vehicles to approximately 1 million members.
Price needs to hold above $32.67 at all costs this and next year Only a trade above $33.74 offers the possibility of a new uptrend being established. If $32.67 gets taken out repeatedly, lows may not be set until $18.50. Only worth the trade if price stays above $32.67 for upside, or on a trade below $26 down to $18.50.
Analyst Upgrade/Downgrade Update Brokerage firm: Goldman Change: Coverage Initiated Previous Rating: N/A Current Rating: Neutral Previous Price Target: N/A Current Price Target: $30
I've recently taken a keen interest in Avis. Peaking that interest is a missed bond payment from last week. Meanwhile, they are selling their inventory at fire sale prices.
