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Avis Budget Group (CAR) in Focus: Stock Up 6.2% in Session

Avis Budget Group, Inc. CAR was a big mover last session as the company saw its shares rise more than 6% on the day.  Shares moved up after the company increased its 2016 revenue guidance at its first quarter earnings announcement. This led to solid volume too with far more shares changing hands than in a normal session. This stock, trading in a volatile price range of $22.40 to $25.46 in the past one-month time frame, showed a pick-up yesterday at $25.01.

This business services industry stock witnessed three negative estimate revisions over the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.

Avis Budget Group has a Zacks Rank #5 (Strong Sell).

However, a better-ranked stock in the same space is PRGX Global, Inc. PRGX, sporting a Zacks Rank #1 (Strong Buy).

Is CAR going up? Or down? Predict to see what others think: Up or Down

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
AVIS BUDGET GRP (CAR): Free Stock Analysis Report
 
PRGX GLOBAL INC (PRGX): Free Stock Analysis Report
 
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