Car - CAR

Avis Budget Gr (NASDAQ:CAR) Stock, Quote.Headers.trade-ideas

Avis Budget Gr

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.

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High-rolling investors have positioned themselves bullish on Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CAR often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for Avis Budget Gr. This is not a typical pattern.
The sentiment among these major traders is split, with 44% bullish and 44% bearish. Among all the options we identified, there was one put, amounting to $28,854, and 8 calls, totaling $500,197.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $108.0 to $130.0 for Avis Budget Gr over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Avis Budget Gr's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Avis Budget Gr's whale activity within a strike price range from $108.0 to $130.0 in the last 30 days. 
<h3>Avis Budget Gr Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721246524_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CAR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$8.6</td>
<td>$8.2</td>
<td>$8.2</td>
<td>$115.00</td>
<td>$154.9K</td>
<td style="text-align: right;">602</td>
<td style="text-align: right;">114</td>
</tr>
<tr>
<td>CAR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$8.7</td>
<td>$8.6</td>
<td>$8.7</td>
<td>$115.00</td>
<td>$87.0K</td>
<td style="text-align: right;">602</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>CAR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$5.1</td>
<td>$4.7</td>
<td>$5.0</td>
<td>$108.00</td>
<td>$62.5K</td>
<td style="text-align: right;">408</td>
<td style="text-align: right;">4</td>
</tr>
<tr>
<td>CAR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/02/24</td>
<td>$1.0</td>
<td>$0.6</td>
<td>$1.0</td>
<td>$130.00</td>
<td>$50.0K</td>
<td style="text-align: right;">21</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CAR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$5.2</td>
<td>$4.7</td>
<td>$5.0</td>
<td>$108.00</td>
<td>$46.0K</td>
<td style="text-align: right;">408</td>
<td style="text-align: right;">162</td>
</tr>
</tbody>
</table>

<h3>About Avis Budget Gr</h3>
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.
Having examined the options trading patterns of Avis Budget Gr, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Avis Budget Gr</h3>
<ul>
<li>With a trading volume of 313,727, the price of CAR is up by 1.48%, reaching $112.56.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 19 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Avis Budget Gr</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $120.0.
<ul>
<li>Consistent in their evaluation, an analyst from Goldman Sachs keeps a Neutral rating on Avis Budget Gr with a target price of $120. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Avis Budget Gr, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Behind the Scenes of Avis Budget Gr's Latest Options Trends

Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) has outperformed the market over the past 15 years by 7.36% on an annualized basis producing an average annual return of 19.91%. Currently, Avis Budget Gr has a market capitalization of $3.85 billion. 
Buying $100 In CAR: If an investor had bought $100 of CAR stock 15 years ago, it would be worth $1,505.84 today based on a price of $108.02 for CAR at the time of writing.
<h3>Avis Budget Gr's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721053852_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 15 Years Ago, You Would Have $1,500 Today

Goldman Sachs analyst Lizzie Dove maintains Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) with a Neutral and lowers the price target from $140 to $120.

Goldman Sachs Maintains Neutral on Avis Budget Gr, Lowers Price Target to $120

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Industrials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RKLB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$3.00</td>
<td>$42.0K</td>
<td>19.9K</td>
<td>5.8K</td>
</tr>
<tr>
<td>UBER</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$65.00</td>
<td>$63.7K</td>
<td>2.2K</td>
<td>1.9K</td>
</tr>
<tr>
<td>FDX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/12/24</td>
<td>$300.00</td>
<td>$37.9K</td>
<td>77</td>
<td>836</td>
</tr>
<tr>
<td>ERJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$25.00</td>
<td>$30.8K</td>
<td>2.2K</td>
<td>304</td>
</tr>
<tr>
<td>GEV</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$165.00</td>
<td>$25.0K</td>
<td>823</td>
<td>174</td>
</tr>
<tr>
<td>PWR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$280.00</td>
<td>$36.0K</td>
<td>306</td>
<td>112</td>
</tr>
<tr>
<td>CAR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/16/24</td>
<td>$95.00</td>
<td>$41.4K</td>
<td>1.0K</td>
<td>100</td>
</tr>
<tr>
<td>ZIM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/26/24</td>
<td>$12.00</td>
<td>$101.5K</td>
<td>1.0K</td>
<td>100</td>
</tr>
<tr>
<td>FTAI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$95.00</td>
<td>$220.2K</td>
<td>4.6K</td>
<td>22</td>
</tr>
<tr>
<td>TDG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$1300.00</td>
<td>$40.8K</td>
<td>0</td>
<td>16</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding RKLB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>), we observe a put option sweep with bearish sentiment. It expires in 567 day(s) on January 16, 2026. Parties traded 700 contract(s) at a $3.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $42.0K, with a price of $60.0 per contract. There were 19994 open contracts at this strike prior to today, and today 5843 contract(s) were bought and sold. 
• Regarding UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we observe a call option sweep with bearish sentiment. It expires in 175 day(s) on December 20, 2024. Parties traded 49 contract(s) at a $65.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $63.7K, with a price of $1300.0 per contract. There were 2266 open contracts at this strike prior to today, and today 1910 contract(s) were bought and sold. 
• For FDX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>), we notice a put option sweep that happens to be bullish, expiring in 14 day(s) on July 12, 2024. This event was a transfer of 79 contract(s) at a $300.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $37.9K, with a price of $480.0 per contract. There were 77 open contracts at this strike prior to today, and today 836 contract(s) were bought and sold. 
• Regarding ERJ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERJ#NYSE">ERJ</a>), we observe a call option sweep with bullish sentiment. It expires in 21 day(s) on July 19, 2024. Parties traded 220 contract(s) at a $25.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $30.8K, with a price of $140.0 per contract. There were 2243 open contracts at this strike prior to today, and today 304 contract(s) were bought and sold. 
• For GEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>), we notice a put option sweep that happens to be bullish, expiring in 21 day(s) on July 19, 2024. This event was a transfer of 50 contract(s) at a $165.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $25.0K, with a price of $500.0 per contract. There were 823 open contracts at this strike prior to today, and today 174 contract(s) were bought and sold. 
• For PWR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>), we notice a call option trade that happens to be bullish, expiring in 49 day(s) on August 16, 2024. This event was a transfer of 80 contract(s) at a $280.00 strike. The total cost received by the writing party (or parties) was $36.0K, with a price of $450.0 per contract. There were 306 open contracts at this strike prior to today, and today 112 contract(s) were bought and sold. 
• Regarding CAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>), we observe a put option sweep with neutral sentiment. It expires in 49 day(s) on August 16, 2024. Parties traded 75 contract(s) at a $95.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $41.4K, with a price of $552.0 per contract. There were 1058 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold. 
• Regarding ZIM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>), we observe a call option trade with bearish sentiment. It expires in 28 day(s) on July 26, 2024. Parties traded 100 contract(s) at a $12.00 strike. The total cost received by the writing party (or parties) was $101.5K, with a price of $1015.0 per contract. There were 1050 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold. 
• Regarding FTAI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTAI#NASDAQ">FTAI</a>), we observe a call option sweep with bullish sentiment. It expires in 21 day(s) on July 19, 2024. Parties traded 242 contract(s) at a $95.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $220.2K, with a price of $910.0 per contract. There were 4606 open contracts at this strike prior to today, and today 22 contract(s) were bought and sold. 
• For TDG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDG#NYSE">TDG</a>), we notice a call option trade that happens to be bearish, expiring in 539 day(s) on December 19, 2025. This event was a transfer of 2 contract(s) at a $1300.00 strike. The total cost received by the writing party (or parties) was $40.8K, with a price of $20400.0 per contract. There were 0 open contracts at this strike prior to today, and today 16 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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10 Industrials Stocks With Whale Alerts In Today's Session

Financial giants have made a conspicuous bullish move on Avis Budget Gr. Our analysis of options history for Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $780,618, and 4 were calls, valued at $200,670.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $110.0 for Avis Budget Gr over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Avis Budget Gr's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Avis Budget Gr's whale activity within a strike price range from $80.0 to $110.0 in the last 30 days. 
<h3>Avis Budget Gr Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718134266_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CAR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$14.7</td>
<td>$13.4</td>
<td>$13.7</td>
<td>$80.00</td>
<td>$685.0K</td>
<td style="text-align: right;">538</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CAR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$6.9</td>
<td>$6.5</td>
<td>$6.5</td>
<td>$105.00</td>
<td>$84.5K</td>
<td style="text-align: right;">36</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CAR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$3.5</td>
<td>$3.0</td>
<td>$3.5</td>
<td>$105.00</td>
<td>$43.7K</td>
<td style="text-align: right;">266</td>
<td style="text-align: right;">56</td>
</tr>
<tr>
<td>CAR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/16/24</td>
<td>$7.6</td>
<td>$7.5</td>
<td>$7.52</td>
<td>$100.00</td>
<td>$37.4K</td>
<td style="text-align: right;">574</td>
<td style="text-align: right;">310</td>
</tr>
<tr>
<td>CAR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$14.9</td>
<td>$14.2</td>
<td>$14.2</td>
<td>$110.00</td>
<td>$36.9K</td>
<td style="text-align: right;">280</td>
<td style="text-align: right;">4</td>
</tr>
</tbody>
</table>

<h3>About Avis Budget Gr</h3>
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.
After a thorough review of the options trading surrounding Avis Budget Gr, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Avis Budget Gr Standing Right Now?</h3>
<ul>
<li>With a volume of 279,455, the price of CAR is down 0.0% at $106.98. </li>
<li>RSI indicators hint that the underlying stock may be oversold.</li>
<li>Next earnings are expected to be released in 48 days.</li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Avis Budget Gr, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Avis Budget Gr Unusual Options Activity

Avis Budget Gr's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NYSE">CAR</a>) short percent of float has risen 4.92% since its last report. The company recently reported that it has 3.55 million shares sold short, which is 27.51% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.8 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Avis Budget Gr Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1716904818_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Avis Budget Gr has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Avis Budget Gr's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Avis Budget Gr's peer group average for short interest as a percentage of float is 6.82%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About Avis Budget Gr?

Financial giants have made a conspicuous bullish move on Avis Budget Gr. Our analysis of options history for Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) revealed 10 unusual trades.
Delving into the details, we found 60% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $145,067, and 5 were calls, valued at $461,079.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $120.0 to $185.0 for Avis Budget Gr over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Avis Budget Gr's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Avis Budget Gr's whale activity within a strike price range from $120.0 to $185.0 in the last 30 days. 
<h3>Avis Budget Gr Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715695330_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CAR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$8.9</td>
<td>$8.4</td>
<td>$8.4</td>
<td>$130.00</td>
<td>$258.9K</td>
<td>93</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>CAR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$3.9</td>
<td>$3.8</td>
<td>$3.8</td>
<td>$145.00</td>
<td>$96.4K</td>
<td>437</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CAR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$7.0</td>
<td>$6.0</td>
<td>$7.0</td>
<td>$125.00</td>
<td>$49.0K</td>
<td>1.4K</td>
<td style="text-align: right;">78</td>
</tr>
<tr>
<td>CAR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$3.7</td>
<td>$3.2</td>
<td>$3.7</td>
<td>$130.00</td>
<td>$32.1K</td>
<td>533</td>
<td style="text-align: right;">186</td>
</tr>
<tr>
<td>CAR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$3.9</td>
<td>$3.5</td>
<td>$3.9</td>
<td>$120.00</td>
<td>$30.4K</td>
<td>151</td>
<td style="text-align: right;">201</td>
</tr>
</tbody>
</table>

<h3>About Avis Budget Gr</h3>
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.
After a thorough review of the options trading surrounding Avis Budget Gr, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Avis Budget Gr's Current Market Status</h3>
<ul>
<li>With a volume of 124,690, the price of CAR is up 4.87% at $129.56. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 76 days.</li>
</ul>
<h3>What Analysts Are Saying About Avis Budget Gr</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $146.66666666666666.
<ul>
<li>Consistent in their evaluation, an analyst from Susquehanna keeps a Neutral rating on Avis Budget Gr with a target price of $117. </li>
<li>An analyst from B of A Securities has decided to maintain their Buy rating on Avis Budget Gr, which currently sits at a price target of $140. </li>
<li>An analyst from Deutsche Bank persists with their Buy rating on Avis Budget Gr, maintaining a target price of $183. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Avis Budget Gr options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Unpacking the Latest Options Trading Trends in Avis Budget Gr

Avis Budget Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) (the&nbsp;&quot;Company&quot;) announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the &quot;Issuer&quot;), intends, subject to market and other customary conditions, to offer &euro;200 million aggregate principal amount of additional&nbsp;7.25%&nbsp;Senior Notes due 2030 (the &quot;Notes&quot;) in a private offering. The Notes will be issued as additional notes under the Indenture, dated as of July 13, 2023, pursuant to which the Issuer previously issued &euro;400 million aggregate principal amount of&nbsp;7.25%&nbsp;Senior Notes due 2030. The Notes will be guaranteed on a senior unsecured basis by Avis Budget Group, Inc. and certain of its U.S. subsidiaries. 
&nbsp;
The Company intends to use the proceeds from the offering of the Notes for general corporate purposes, which may include repayment of indebtedness, including without limitation, outstanding fleet debt, and to pay fees and expenses in connection with the foregoing.

Offerings

Avis Budget Group Owned Avis Budget Finance to Raise €200M Via Senior Notes Offering

Whales with a lot of money to spend have taken a noticeably bullish stance on Avis Budget Gr.
Looking at options history for Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $175,524 and 6, calls, for a total amount of $378,450.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $90.0 and $120.0 for Avis Budget Gr, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Avis Budget Gr's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Avis Budget Gr's substantial trades, within a strike price spectrum from $90.0 to $120.0 over the preceding 30 days.
<h3>Avis Budget Gr 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714756629_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CAR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/07/24</td>
<td>$5.2</td>
<td>$5.1</td>
<td>$5.1</td>
<td>$110.00</td>
<td>$146.3K</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">333</td>
</tr>
<tr>
<td>CAR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/10/24</td>
<td>$19.9</td>
<td>$18.5</td>
<td>$18.5</td>
<td>$96.00</td>
<td>$86.9K</td>
<td style="text-align: right;">649</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CAR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$15.0</td>
<td>$14.3</td>
<td>$15.0</td>
<td>$100.00</td>
<td>$85.5K</td>
<td style="text-align: right;">795</td>
<td style="text-align: right;">68</td>
</tr>
<tr>
<td>CAR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$15.0</td>
<td>$14.1</td>
<td>$15.0</td>
<td>$100.00</td>
<td>$84.0K</td>
<td style="text-align: right;">795</td>
<td style="text-align: right;">12</td>
</tr>
<tr>
<td>CAR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>08/16/24</td>
<td>$31.7</td>
<td>$29.7</td>
<td>$30.79</td>
<td>$90.00</td>
<td>$61.5K</td>
<td style="text-align: right;">26</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About Avis Budget Gr</h3>
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.
<h3>Avis Budget Gr's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 535,130, the CAR's price is up by 0.07%, now at $113.85. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 87 days.</li>
</ul>
<h3>Expert Opinions on Avis Budget Gr</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $151.4.
<ul>
<li>Consistent in their evaluation, an analyst from Deutsche Bank keeps a Buy rating on Avis Budget Gr with a target price of $183. </li>
<li>Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Avis Budget Gr with a target price of $187. </li>
<li>Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Avis Budget Gr, targeting a price of $140. </li>
<li>Maintaining their stance, an analyst from Susquehanna continues to hold a Neutral rating for Avis Budget Gr, targeting a price of $117. </li>
<li>Showing optimism, an analyst from Goldman Sachs upgrades its rating to Neutral with a revised price target of $130. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Avis Budget Gr, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Market Whales and Their Recent Bets on CAR Options

<h3>Gainers</h3>
<ul>
<li>Enovix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>) shares increased by 35.3% to $8.81 during Thursday's regular session. The market value of their outstanding shares is at $1.4 billion. The company's, Q1 earnings came out yesterday. </li>
<li>Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) stock moved upwards by 23.26% to $116.79. The company's market cap stands at $4.1 billion. As per the press release, Q1 earnings came out yesterday. </li>
<li>Pitney Bowes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBI#NYSE">PBI</a>) shares increased by 23.15% to $5.18. The market value of their outstanding shares is at $921.2 million. As per the press release, Q1 earnings came out today. </li>
<li>Nuburu (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BURU#AMEX">BURU</a>) stock increased by 18.43% to $0.21. The market value of their outstanding shares is at $7.8 million. </li>
<li>Valmont Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMI#NYSE">VMI</a>) shares increased by 16.97% to $242.95. The company's market cap stands at $4.9 billion. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Howmet Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>) stock increased by 15.36% to $77.04. The company's market cap stands at $31.4 billion. As per the news, the Q1 earnings report came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Vestis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTS#NYSE">VSTS</a>) shares decreased by 41.4% to $10.83 during Thursday's regular session. The market value of their outstanding shares is at $1.4 billion. As per the press release, Q2 earnings came out today. </li>
<li>Driven Brands Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRVN#NASDAQ">DRVN</a>) stock fell 25.99% to $10.85. The market value of their outstanding shares is at $1.7 billion. As per the press release, Q1 earnings came out today. </li>
<li>Energy Recovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERII#NASDAQ">ERII</a>) shares decreased by 13.49% to $12.68. The market value of their outstanding shares is at $726.6 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Professional Diversity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPDN#NASDAQ">IPDN</a>) stock decreased by 13.15% to $1.52. The company's market cap stands at $17.4 million. </li>
<li>Enviri (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVRI#NYSE">NVRI</a>) stock declined by 13.04% to $7.07. The market value of their outstanding shares is at $564.4 million. As per the press release, Q1 earnings came out today. </li>
<li>Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) stock declined by 12.82% to $162.37. The market value of their outstanding shares is at $9.4 billion. As per the news, the Q1 earnings report came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BURU

DRVN

ERII

IPDN

NVRI

PAYC

VSTS

12 Industrials Stocks Moving In Thursday's Intraday Session

U.S. stocks were higher, with the Dow Jones index gaining over 50 points on Thursday.
Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) rose sharply during Thursday's session after the company reported better-than-expected <a href="https://www.benzinga.com/quote/CHRW/earnings">first-quarter financial results</a>.
C.H. Robinson Worldwide posted adjusted earnings of 86 cents per share, beating market estimates of 82 cents per share. The company's quarterly sales came in at $4.412 billion versus expectations of $4.269 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
C.H. Robinson Worldwide shares jumped 16.8% to $84.24 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Aspen Aerogels, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASPN#NYSE">ASPN</a>) jumped 37.5% to $20.92 after the company reported better-than-expected first-quarter financial results.</li>
<li>Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) rose 35.8% to $118.19 after the company announced upbeat quarterly results.</li>
<li>Enovix Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>) surged 27.1% to $8.27 after the company reported mixed first-quarter financial results.</li>
<li>Gannett Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCI#NYSE">GCI</a>) rose 22.3% to $2.9519 following strong quarterly results.</li>
<li>Perdoceo Education Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRDO#NASDAQ">PRDO</a>) jumped 19.4% to $21.89 following upbeat results.</li>
<li>Pulmonx Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNG#NASDAQ">LUNG</a>) rose 19.2% to $9.20 after the company reported better-than-expected first-quarter financial results.</li>
<li>Benchmark Electronics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHE#NYSE">BHE</a>) surged 18.3% to $35.82 following better-than-expected quarterly results.</li>
<li>Pitney Bowes Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBI#NYSE">PBI</a>) rose 18% to $4.97 following strong quarterly results.</li>
<li>Rush Street Interactive, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSI#NYSE">RSI</a>) shares gained 17.4% to $7.53 after the company reported better-than-expected first-quarter financial results and issued FY24 revenue guidance above estimates.</li>
<li>Avis Budget Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) rose 15.7% to $109.62 after the company reported mixed first-quarter financial results.</li>
<li>Howmet Aerospace Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>) climbed 15.2% to $76.93 after the company reported better-than-expected first-quarter financial results.</li>
<li>Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) rose 15% to $4.0399 after the company reported better-than-expected first-quarter adjusted EPS results.</li>
<li>Valmont Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMI#NYSE">VMI</a>) rose 14.4% to $237.65 after the company posted upbeat quarterly earnings and raised FY24 EPS guidance.</li>
<li>Blueprint Medicines Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPMC#NASDAQ">BPMC</a>) gained 13.7% to $107.81 after the company reported better-than-expected first-quarter results and raised FY24 revenue guidance.</li>
<li>Lantheus Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNTH#NASDAQ">LNTH</a>) surged 12.8% to $76.09 after the company reported better-than-expected first-quarter results and raised its FY24 adjusted EPS outlook.</li>
<li>Sprouts Farmers Market, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFM#NASDAQ">SFM</a>) climbed 12% to $72.08 after the company reported better-than-expected first-quarter EPS and sales.</li>
<li>Wayfair Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>) gained 11.7% to $56.53 after the company reported better-than-expected first-quarter financial results.</li>
<li>Tronox Holdings plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TROX#NYSE">TROX</a>) rose 10.8% to $18.94 following strong sales.</li>
<li>Kontoor Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KTB#NYSE">KTB</a>) gained 9.9% to $68.29 following better-than-expected quarterly results.</li>
<li>QUALCOMM Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) climbed 8.5% to $178.02 after the company reported better-than-expected second-quarter financial results, raised its dividend and issued third-quarter guidance.</li>
<li>Belden Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDC#NYSE">BDC</a>) gained 8.2% to $87.95 after the company reported mixed first-quarter earnings and announced the acquisition of Precision Optical Technologies.</li>
<li>Kellanova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>) rose 8.1% to $61.60 following upbeat earnings.</li>
<li>Glaukos Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GKOS#NYSE">GKOS</a>) gained 7.7% to $106.55 following strong sales.</li>
<li>Sealed Air Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEE#NYSE">SEE</a>) surged 7.7% to $34.60 after the company reported better-than-expected quarterly financial results.</li>
<li>BorgWarner Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWA#NYSE">BWA</a>) gained 7.7% to $35.39 following upbeat earnings.</li>
<li>Itron, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>) rose 7.4% to $98.39 following upbeat earnings.</li>
<li>IAC Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAC#NASDAQ">IAC</a>) gained 6.8% to $51.11 after it was announced the stock will join the S&amp;P SmallCap 600.</li>
<li>Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) shares jumped 6.5% to $118.75 following first-quarter results.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/05/38584879/apple-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call">Apple Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a>

WIIM

Avis Budget Group shares are trading higher after the company reported mixed Q1 financial results.

<h3>Gainers</h3>
<ul>
<li>Swvl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWVL#NASDAQ">SWVL</a>) stock rose 26.0% to $14.43 during Thursday's pre-market session. The market value of their outstanding shares is at $97.9 million. </li>
<li>Enovix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>) stock increased by 21.35% to $7.9. The company's market cap stands at $1.3 billion. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Hyzon Motors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYZN#NASDAQ">HYZN</a>) shares moved upwards by 18.57% to $0.65. The company's market cap stands at $159.9 million. </li>
<li>Perma-Fix Envirn Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PESI#NASDAQ">PESI</a>) shares rose 12.96% to $12.43. The market value of their outstanding shares is at $169.8 million. </li>
<li>C.H. Robinson Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) stock increased by 10.15% to $79.41. The company's market cap stands at $9.1 billion. The company's, Q1 earnings came out yesterday. </li>
<li>Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) shares rose 9.76% to $104.0. The company's market cap stands at $3.7 billion. As per the news, the Q1 earnings report came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Falcons Beyond Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FBYD#NASDAQ">FBYD</a>) shares fell 13.3% to $8.1 during Thursday's pre-market session. The market value of their outstanding shares is at $95.7 million. </li>
<li>Getaround (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GETR#NYSE">GETR</a>) shares declined by 8.94% to $0.21. The company's market cap stands at $19.9 million. </li>
<li>Titan Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWI#NYSE">TWI</a>) stock decreased by 8.69% to $10.2. The company's market cap stands at $743.2 million. The company's, Q1 earnings came out yesterday. </li>
<li>Ryde Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RYDE#AMEX">RYDE</a>) stock decreased by 8.06% to $3.54. The company's market cap stands at $67.6 million. </li>
<li>Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) shares fell 7.11% to $173.0. The market value of their outstanding shares is at $10.0 billion. As per the press release, Q1 earnings came out yesterday. </li>
<li>Intelligent Living (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILAG#NASDAQ">ILAG</a>) shares declined by 6.3% to $0.53. The company's market cap stands at $9.5 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Thursday's Pre-Market Session

Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) reported quarterly losses of $(3.21) per share which missed the analyst consensus estimate of $(2.70) by 18.89 percent. The company reported quarterly sales of $2.60 billion which beat the analyst consensus estimate of $2.41 billion by 7.76 percent. This is a 1.68 percent increase over sales of $2.56 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Avis Budget Gr Q1 2024 Adj EPS $(3.21) Misses $(2.70) Estimate, Sales $2.60B Beat $2.41B Estimate

Avis Budget Gr's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NYSE">CAR</a>) short percent of float has fallen 13.55% since its last report. The company recently reported that it has 3.29 million shares sold short, which is 25.45% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.35 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Avis Budget Gr Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714590025_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Avis Budget Gr has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Avis Budget Gr's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Avis Budget Gr's peer group average for short interest as a percentage of float is 6.15%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(CAR) - Analyzing Avis Budget Gr's Short Interest

B of A Securities analyst John Babcock maintains Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) with a Buy and lowers the price target from $170 to $140.

B of A Securities Maintains Buy on Avis Budget Gr, Lowers Price Target to $140

Avis Budget Group shares are trading lower after Susquehanna maintained a Neutral rating on the stock and lowered its price target from $145 to $117.

Susquehanna analyst Christopher Stathoulopoulos maintains Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) with a Neutral and lowers the price target from $145 to $117.

Susquehanna Maintains Neutral on Avis Budget Gr, Lowers Price Target to $117

Avis Budget shares are trading lower in sympathy with Hertz, which fell after reporting mixed Q1 financial results.

Avis Budget Group: Company Getting Very Attractive Now But Caution Warranted

There's a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Avis Budget (CAR – Research Report), LegalZoom...

Analysts Offer Insights on Industrial Goods Companies: Avis Budget (CAR), LegalZoom (LZ) and Air Lease (AL)

Three big things in auto: China may win on EVs, ICE suppliers are undervalued and AI is in the mix

Avis Budget Group subsidiary to raise €200M via senior notes

Larry Robbins' Glenview Capital takes in Broadcom, exits Intel among Q1 moves

Hertz sinks on report it's evaluating sale of $700M of secured debt

Bank of America Securities analyst John Babcock maintained a Buy rating on Avis Budget (CAR – Research Report) today. The company's shares closed y...

Bank of America Securities Keeps Their Buy Rating on Avis Budget (CAR)

The stock market doesn't take a holiday, but understanding how seasonality affects financial markets can help you make some smart summer moves. Let's dive into the world of summer stocks, and discover why certain stocks shine brighter than others.

Hot Stocks For The Hot Summer

Aena: Receive 'Toll Booth' Dividends From Tourists Visiting Spain

Bank of America Securities Sticks to Their Buy Rating for Avis Budget (CAR)

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Press Releases

Avis Budget Group Reports Fourth Quarter and Full Year Results

Financing

Avis Budget Group Announces Intention to Offer €400 Million of Senior Notes

Avis Budget Group Announces Pricing of €600 Million of Senior Notes

Moore Law, PLLC Encourages Avis Budget Group Investors to Contact Law Firm

Avis Budget Group to Announce First Quarter 2024 Results on May 1st

Avis Budget Group Reports First Quarter Results

Avis Budget Group Announces Intention to Offer €200 Million of Senior Notes

Avis Budget Group Announces Pricing of €200 Million of Senior Notes

AVIS extends PGA TOUR marketing partnership, adds Xander Schauffele as ambassador

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Avis Budget Gr

Avis Budget Gr (CAR) Forecast

Avis Budget Gr (NASDAQ:CAR) Stock, Quote.Headers.trade-ideas