Avis Budget traded at $159.68 this Thursday July 9th, increasing $6.50 or 4.24 percent since the previous trading session. Looking back, over the last four weeks, Avis Budget gained 14.53 percent. Over the last 12 months, its price fell by 15.60 percent. Looking ahead, we forecast Avis Budget to be priced at 160.02 by the end of this quarter and at 150.20 in one year, according to Trading Economics global macro models projections and analysts expectations.
Avis Budget Group Inc. is a provider of vehicle rental and car sharing services. The Company operates through three brands in mobility solutions, such as Avis, Budget and Zipcar, together with several other brands in their respective markets. It operates through two segments: Americas and International. It offers a variety of vehicles in its rental fleet, including luxury cars, specialty-use vehicles and light commercial vehicles. Its fleet consists primarily of vehicles from the current and immediately preceding model year. The Company maintain a single fleet of vehicles for Avis and Budget in countries where it operates both brands. It also operates the Payless and Apex brands, which operate in the value segment of the car rental industry, augmenting Its Avis, Budget and Zipcar brands.