Avis Budget: Sellers Drive Shares Down, Further Downside Ahead

Aug. 22, 2022 7:21 PM ETAvis Budget Group, Inc. (CAR)5 Comments


  • The Dow Transports failed to climb above its 200-day moving average last week.
  • One of the sector's industries is an indicator of both the business and leisure travel.
  • Avis Budget Group reported a strong Q2, but a mixed valuation picture and deteriorating technicals suggest further weak price action.

The car rental terminals at airport at Dortmund, Germany

Marina113/iStock Editorial via Getty Images

Car rental stocks have been stop and go over the last few years during and following a very uncertain macro environment with reduced business travel and soaring gasoline prices. The Road & Rail industry is often seen

Dow Transports: Hovering At Critical Support


CAR: An Elevated Price-to-Sales Ratio, Though Down From Nosebleed Levels

Koyfin Charts

CAR: A Strong Earnings Beat Rate History

Fidelity Investments

Avis Budget's Corporate Event Calendar

Wall Street Horizon

CAR: Support Further Down After Backing Away from $200 Post-Earnings


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