Car - CAR

Avis Budget Gr Stock (NASDAQ:CAR), 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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Goldman Sachs upgrades Avis Budget to Neutral, citing lean cost base, lower EV exposure, and potential for sustained pricing growth.

Avis Budget Shares Get Upgrade: Analyst Applauds Lean Cost Base, Lower EV Exposure, Younger Fleet Mix

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

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Wall Street showed a timid performance in Tuesday’s session, with investors remaining on the sidelines awaiting further indications on the future of interest rates ahead of Wednesday’s Fed meeting.

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Deutsche Bank analyst Chris Woronka 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 $202 to $183.

Deutsche Bank Maintains Buy on Avis Budget Gr, Lowers Price Target to $183

Morgan Stanley analyst Adam Jonas maintains Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) with a Overweight and lowers the price target from $190 to $187.

Morgan Stanley Maintains Overweight on Avis Budget Gr, Lowers Price Target to $187

Goldman Sachs&nbsp;analyst Lizzie Dove upgraded&nbsp;Avis Budget Group, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) shares to Neutral from Sell,&nbsp;<a href="https://www.benzinga.com/quote/CAR/analyst-ratings" target="_blank" rel="noreferrer noopener">raising the forecast to $130 from $118.</a>
According to the analyst, Avis Budget will fare better than its peers given its lean cost base, lower exposure to EVs&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">and slightly younger fleet mix.</a>
Though estimates for the year have troughed, the analyst still saw some downside to 2025 estimates, pending further proof points on the stabilization of pricing.&nbsp;
Dove also projected the gap between used and new vehicle pricing to narrow in 2025, given lower supply and new vehicle prices trending lower, which should also mean a slower rate of DPU growth (i.e., less of a headwind) for Avis Budget.
The company has $4.1 billion of vehicle debt which will mature this year, and another $6.7 billion which will mature in 2025.&nbsp;
As such, the analyst saw ~$200 million interest expense pressure in 2024, and ~$75 million in 2025 as the company refinances at higher rates.&nbsp;
Avis had a ~30% increase in pricing since 2019, and while the analyst believed this strength to decelerate, the ability to sustain a level of pricing growth above historical averages could create additional tailwinds to Avis&#8217;s earnings.
In addition, a more benign competitive environment may provide upside and further cost efficiencies.
The analyst expects the company&#8217;s FY25<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">&nbsp;revenue to be $12.025 billion.</a>
According to&nbsp;<a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, Avis Budget Group stock lost more than 33% in the past year. Investors can gain exposure to the stock via&nbsp;SPDR S&amp;P Transportation ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTN#NYSE">XTN</a>) and&nbsp;Royce Quant Small-Cap Quality Value ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SQLV#NASDAQ">SQLV</a>).
CAR Price Action: Avis Budget Group shares are trading higher by 1.88% to $123.39 at last check Thursday.
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Photo: Rafapress via<a href="https://www.shutterstock.com/image-photo/july-4-2023-brazil-this-photo-2326966213"> Shutterstock</a>

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Goldman Sachs boosted the price target for Avis Budget Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/car#NASDAQ">CAR</a>) from $118 to $130. Goldman Sachs analyst Lizzie Dove upgraded the stock from Sell to Neutral. Avis Budget shares fell 0.9% to close at $121.11 on Wednesday. <a href="https://www.benzinga.com/quote/CAR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group increased the price target for Wayfair Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/w#NYSE">W</a>) from $65 to $80. Evercore ISI Group analyst Oliver Wintermantel upgraded the stock from In-Line to Outperform. Wayfair shares fell 2% to close at $62.41 on Wednesday. <a href="https://www.benzinga.com/quote/W/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HSBC slashed Chubb Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cb#NYSE">CB</a>) price target from $275 to $270. HSBC analyst Vikram Gandhi downgraded the stock from Buy to Hold. Chubb shares fell 0.6% to close at $254.79 on Wednesday. <a href="https://www.benzinga.com/quote/CB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wolfe Research raised the price target for Synchrony Financial (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/syf#NYSE">SYF</a>) from $36 to $50. Wolfe Research analyst Bill Carcache upgraded the stock from Underperform to Outperform. Synchrony Financial shares rose 0.5% to close at $41.21 on Wednesday. <a href="https://www.benzinga.com/quote/SYF/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc cut Cable One, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cabo#NYSE">CABO</a>) price target from $900 to $881. Keybanc analyst Brandon Nispel maintained an Overweight rating. Cable One shares fell 3.1% to close at $411.20 on Wednesday. <a href="https://www.benzinga.com/quote/CABO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. decreased Asensus Surgical, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/asxc#NYSE">ASXC</a>) price target from $2 to $0.35. HC Wainwright &amp; Co. analyst Swayampakula Ramakanth downgraded the stock from Buy to Neutral. Asensus Surgical shares jumped 33.6% to close at $0.2850 on Wednesday. <a href="https://www.benzinga.com/quote/ASXC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Telsey Advisory Group raised the price target for Levi Strauss &amp; Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/levi#NYSE">LEVI</a>) from $22 to $24. Telsey Advisory Group analyst Dana Telsey maintained an Outperform rating. Levi Strauss shares fell 0.4% to close at $18.66 on Wednesday. <a href="https://www.benzinga.com/quote/LEVI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler raised Dave &amp; Buster&#39;s Entertainment, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/play#NASDAQ">PLAY</a>) price target from $50 to $71. Piper Sandler analyst Nicole Miller Regan downgraded the stock from Overweight to Neutral. Dave &amp; Buster&#39;s shares jumped 10.3% to close at $68.29 on Wednesday. <a href="https://www.benzinga.com/quote/PLAY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley cut Block, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sq#NYSE">SQ</a>) price target from $62 to $60. Morgan Stanley analyst James Faucette downgraded the stock from Equal-Weight to Underweight. Block shares gained 0.6% to close at $79.65 on Wednesday. <a href="https://www.benzinga.com/quote/SQ/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Telsey Advisory Group increased Signet Jewelers Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sig#NYSE">SIG</a>) price target from $100 to $110. Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating. Signet Jewelers shares climbed 9.9% to close at $104.43 on Wednesday. <a href="https://www.benzinga.com/quote/SIG/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38084045/levi-strauss-conagra-brands-and-3-stocks-to-watch-heading-into-thursday"> Levi Strauss, Conagra Brands And 3 Stocks To Watch Heading Into Thursday </a>

Goldman Sachs analyst Lizzie Dove upgrades Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) from Sell to Neutral and raises the price target from $118 to $130.

Upgrades

Goldman Sachs Upgrades Avis Budget Gr to Neutral, Raises Price Target to $130

WIIM

Avis Budget shares are trading higher after Northcoast Research upgraded the stock from Neutral to Buy and announced a $155 price target.

Northcoast Research analyst John Healy upgrades Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) from Neutral to Buy and announces $155 price target.

Northcoast Research Upgrades Avis Budget Gr to Buy, Announces $155 Price Target

Avis Budget Group shares are trading higher after B of A Securities initiated coverage on the stock with a Buy rating and announced a price target of $170.

Wall Street showed a timid performance in Tuesday&#8217;s session, with investors remaining on the sidelines awaiting further indications on the future of interest rates ahead <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37790222/fed-meeting-preview-these-2-wall-street-analysts-still-expect-3-cuts-in-2024-but-bo">of Wednesday&#8217;s Fed meeting.</a>
At midday trading in New York, the S&amp;P 500 recorded gains of 0.4%, while tech stocks saw a slight decline of 0.1%. In contrast, blue-chip stocks and small caps demonstrated resilience, with gains of 0.8% and 0.4%, respectively.
Treasury yields remained largely unchanged, while the U.S. dollar index (DXY) surged 0.3%, driven by the dollar&#8217;s strength against the Japanese yen, despite the Bank of Japan&#8217;s decision to raise interest rates for the first time in 17 years.
The Bank of Japan&#8217;s move, which involved a 10-basis-point increase, was perceived as less hawkish than anticipated by market participants, as the central bank failed to signal any additional hints of rate hikes.
Oil prices climbed 0.5% to $82.5 a barrel for West Texas Intermediate light crude, with strong momentum driving energy stocks higher, poised to reach their highest levels since late September 2023.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) grabbed headlines as it experienced a significant drop of over 5%, equivalent to a $10,000 daily drawdown, amidst escalating selling pressures across crypto platforms.
<h1 class="wp-block-heading">Tuesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-Day %chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>39,086.19</td>
<td>0.8%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,048.07</td>
<td>0.4%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,168.03</td>
<td>0.4%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>17,970.32</td>
<td>-0.1 %</td>
</tr>
</tbody>
</table>
</figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was 0.3% higher to $514.23, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.7% to $390.33, while the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) eased 0.1% to $438.11, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Sector-wise, the Energy Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) was the top performer for the day, up 1%, while the Communication Services Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) was the laggard, down 0.4%. 
<h1 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h1>
<ul>
<li>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) fell over 5% after Goldman Sachs analysts revealed the latest Nvidia chip could generate headwinds to competitors like AMD. </li>
<li>Tencent Music Entertainment Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TME#NYSE">TME</a>) rallied over 6% despite reporting weaker-than-expected earnings last quarter. Still, the company reported a 20% annual increase in paid users in China and a 41% revenue increase on its online music service. </li>
<li>Nordstrom Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) rose over 10% Tuesday, following a report suggesting the company was&nbsp;looking to go private.</li>
<li>International Paper Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IP#NYSE">IP</a>) rose 10% after it named Andrew Silvernail as its new CEO. </li>
<li>Avis Budget Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NYSE">CAR</a>) rose 5% after BofA Securities initiated coverage with Buy rating, setting a price target of $170. </li>
</ul>
Read Now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37825229/warren-buffetts-prediction-comes-true-japanese-banks-to-profit-from-bojs-positive-r">Warren Buffett&#8217;s Prediction Comes True: Japanese Banks To Profit From BoJ&#8217;s Positive Rates</a>
Image made via artificial intelligence on MidJourney

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B of A Securities analyst John Babcock initiates coverage on Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) with a Buy rating and announces Price Target of $170.

B of A Securities Initiates Coverage On Avis Budget Gr with Buy Rating, Announces Price Target of $170

Avis Budget Gr's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NYSE">CAR</a>) short percent of float has risen 24.46% since its last report. The company recently reported that it has 3.08 million shares sold short, which is 29.26% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.39 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/2024/1709307914_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 7.74%, 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

Peering Into Avis Budget Gr's Recent Short Interest

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>&nbsp;</h3>
<h3>Avis Budget Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/car#NASDAQ">CAR</a>)</h3>
<ul>
<li>On Feb. 21, Avis Budget Group announced pricing of &euro;600 million of senior notes. The company&rsquo;s stock fell around 40% over the past month. It <a href="https://www.benzinga.com/quote/CAR"> has a 52-week low </a> of $99.60.</li>
<li>RSI Value: 23.28</li>
<li>CAR Price Action: Shares of Avis Budget gained 5% to close at $105.04 on Friday.</li>
</ul>
<h3>OceanPal Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/op#NASDAQ">OP</a>)</h3>
<ul>
<li>OceanPal Inc. 13G filing showed Maria Margaroni Reported a 8% stake in the co as of Dec. 13, 2023. The company&rsquo;s stock fell around 15% over the past five days and has a 52-week <a href="https://www.benzinga.com/quote/OP"> low of $1.26.</a></li>
<li>RSI Value: 21.53</li>
<li>OP Price Action: Shares of OceanPal fell 9.6% to close at $1.88 on Friday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/02/37305511/workday-dominos-and-3-stocks-to-watch-heading-into-monday"> Workday, Domino&#39;s And 3 Stocks To Watch Heading Into Monday </a>

Long Ideas

Pre-Market Outlook

Top 2 Industrials Stocks That May Explode This Quarter

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 will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>EMR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$97.50</td>
<td>$25.8K</td>
<td>163</td>
<td style="text-align: right;">944</td>
</tr>
<tr>
<td>WM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/01/24</td>
<td>$205.00</td>
<td>$43.3K</td>
<td>524</td>
<td style="text-align: right;">674</td>
</tr>
<tr>
<td>BLDR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$170.00</td>
<td>$175.2K</td>
<td>1.1K</td>
<td style="text-align: right;">447</td>
</tr>
<tr>
<td>UBER</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/23/24</td>
<td>$74.00</td>
<td>$82.5K</td>
<td>487</td>
<td style="text-align: right;">437</td>
</tr>
<tr>
<td>BA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$135.00</td>
<td>$211.6K</td>
<td>28</td>
<td style="text-align: right;">400</td>
</tr>
<tr>
<td>FDX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$240.00</td>
<td>$52.0K</td>
<td>1.8K</td>
<td style="text-align: right;">258</td>
</tr>
<tr>
<td>UAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$60.00</td>
<td>$60.6K</td>
<td>1.0K</td>
<td style="text-align: right;">120</td>
</tr>
<tr>
<td>PCTY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$170.00</td>
<td>$33.0K</td>
<td>10</td>
<td style="text-align: right;">77</td>
</tr>
<tr>
<td>PAYC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>04/19/24</td>
<td>$185.00</td>
<td>$39.5K</td>
<td>20</td>
<td style="text-align: right;">39</td>
</tr>
<tr>
<td>CAR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$110.00</td>
<td>$42.9K</td>
<td>38</td>
<td style="text-align: right;">29</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For EMR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>), we notice a put option sweep that happens to be bearish, expiring in 121 day(s) on June 21, 2024. This event was a transfer of 126 contract(s) at a $97.50 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $25.8K, with a price of $205.0 per contract. There were 163 open contracts at this strike prior to today, and today 944 contract(s) were bought and sold. 
• Regarding WM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>), we observe a call option sweep with bearish sentiment. It expires in 9 day(s) on March 1, 2024. Parties traded 299 contract(s) at a $205.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $43.3K, with a price of $145.0 per contract. There were 524 open contracts at this strike prior to today, and today 674 contract(s) were bought and sold. 
• For BLDR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLDR#NYSE">BLDR</a>), we notice a put option sweep that happens to be bearish, expiring in 23 day(s) on March 15, 2024. This event was a transfer of 438 contract(s) at a $170.00 strike. This particular put needed to be split into 46 different trades to become filled. The total cost received by the writing party (or parties) was $175.2K, with a price of $400.0 per contract. There were 1128 open contracts at this strike prior to today, and today 447 contract(s) were bought and sold. 
• For UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on February 23, 2024. This event was a transfer of 320 contract(s) at a $74.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $82.5K, with a price of $258.0 per contract. There were 487 open contracts at this strike prior to today, and today 437 contract(s) were bought and sold. 
• For BA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), we notice a put option trade that happens to be bearish, expiring in 485 day(s) on June 20, 2025. This event was a transfer of 400 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $211.6K, with a price of $529.0 per contract. There were 28 open contracts at this strike prior to today, and today 400 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 call option trade that happens to be bearish, expiring in 23 day(s) on March 15, 2024. This event was a transfer of 100 contract(s) at a $240.00 strike. The total cost received by the writing party (or parties) was $52.0K, with a price of $520.0 per contract. There were 1822 open contracts at this strike prior to today, and today 258 contract(s) were bought and sold. 
• Regarding UAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), we observe a call option sweep with bearish sentiment. It expires in 695 day(s) on January 16, 2026. Parties traded 120 contract(s) at a $60.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $60.6K, with a price of $505.0 per contract. There were 1036 open contracts at this strike prior to today, and today 120 contract(s) were bought and sold. 
• For PCTY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCTY#NASDAQ">PCTY</a>), we notice a put option trade that happens to be bearish, expiring in 23 day(s) on March 15, 2024. This event was a transfer of 71 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $33.0K, with a price of $465.0 per contract. There were 10 open contracts at this strike prior to today, and today 77 contract(s) were bought and sold. 
• For PAYC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>), we notice a put option sweep that happens to be neutral, expiring in 58 day(s) on April 19, 2024. This event was a transfer of 38 contract(s) at a $185.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $39.5K, with a price of $1040.0 per contract. There were 20 open contracts at this strike prior to today, and today 39 contract(s) were bought and sold. 
• For CAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>), we notice a call option sweep that happens to be bullish, expiring in 177 day(s) on August 16, 2024. This event was a transfer of 27 contract(s) at a $110.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $42.9K, with a price of $1590.0 per contract. There were 38 open contracts at this strike prior to today, and today 29 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 news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

BLDR

PAYC

PCTY

UBER

10 Industrials Stocks Whale Activity In Today's Session

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;400 million aggregate principal amount of senior notes due 2029 (the &quot;Notes&quot;) in a private offering. 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 net proceeds from the Notes offering to redeem all of the Issuer&#39;s outstanding&nbsp;4.750%&nbsp;senior notes due 2026 and pay fees and expenses in connection with the foregoing, with the remainder to be used for general corporate purposes, which may include, without limitation, repayment of indebtedness.

Offerings

Avis Budget Group To Raise €400M Via Private Offering of Senior Notes

Shares of IPG Photonics Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ipgp#NASDAQ">IPGP</a>) fell sharply during Tuesday&rsquo;s session after the company reported mixed fourth-quarter financial results and issued soft first-quarter guidance.
IPG Photonics posted GAAP earnings of 89 cents per share, versus market estimates of 95 cents per share. The company&rsquo;s quarterly sales came in at $298.90 million versus expectations of $286.12 million.
IPG Photonics shares dipped 11.2% to $92.06 on Tuesday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Ohmyhome Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/omh#NASDAQ">OMH</a>) shares climbed 300% to $4.80.</li>
<li>BioNexus Gene Lab Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bglc#NASDAQ">BGLC</a>) got a boost, surging 270% to $1.52.</li>
<li>Digital Brands Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dbgi#NASDAQ">DBGI</a>) shares jumped 168% to $7.69. Digital Brands reaffirmed its 2024 guidance revenue of $27 million to $30 million and commited to no equity offerings for 2024.</li>
<li>ARB IOT Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arbb#NASDAQ">ARBB</a>) climbed 101.8% to $3.0868 after gaining over 23% on Monday.</li>
<li>Beamr Imaging Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bmr#NASDAQ">BMR</a>) gained 100.7% to $19.97. Beamr Imaging priced $12 million public offering of 1,714,200 ordinary shares at $7 per share.</li>
<li>Farmmi, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fami#NASDAQ">FAMI</a>) climbed 57.6% to $1.97 after surging around 10% on Monday.</li>
<li>Whole Earth Brands, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/free#NASDAQ">FREE</a>) rose 35.3% to $4.75. Whole Earth Brands signed a definitive agreement to be acquired by affiliates of Sababa Holdings FREE, LLC for $4.875 per share in an all-cash transaction.</li>
<li>VCI Global Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vcig#NASDAQ">VCIG</a>) gained 27% to $1.35.</li>
<li>Larimar Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lrmr#NASDAQ">LRMR</a>) climbed 25.4% to $9.82. JMP Securities analyst Jonathan Wolleben maintained Larimar Therapeutics with a Market Outperform and raised the price target from $17 to $25.</li>
<li>Jin Medical International Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zjyl#NASDAQ">ZJYL</a>) gained 22.4% to $10.17.</li>
<li>Tripadvisor, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trip#NASDAQ">TRIP</a>) shares rose 18.5% to $26.50 after the company announced it formed a Special Committee of independent members of its board of directors to evaluate proposals.</li>
<li>LianBio (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lian#NASDAQ">LIAN</a>) gained 17.8% to $4.76. LianBio completed strategic review and determined to initiate the wind down of its operations, including sale of remaining pipeline assets, delisting of ADSs and workforce reductions.</li>
<li>Verde Clean Fuels, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vgas#NASDAQ">VGAS</a>) gained 17.8% to $3.2997. Verde Clean Fuels, Inc. and Diamondback Energy subsidiary Cottonmouth Ventures LLC announced joint development agreement for a proposed natural gas-to-gasoline facility in Permian Basin.</li>
<li>JetBlue Airways Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jblu#NASDAQ">JBLU</a>) shares surged 13.5% to $6.89 after Carl Icahn disclosed a 9.91% stake in the company in a 13D filing on Monday.</li>
<li>JanOne Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jan#NASDAQ">JAN</a>) gained 13.3% to $0.7529.</li>
<li>Biodexa Pharmaceuticals Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bdrx#NASDAQ">BDRX</a>) rose 12.4% to $1.6298. Bigger Capital Fund, reported a 9.9% stake in a 13G Filing on Monday.</li>
<li>Chanson International Holding (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chsn#NASDAQ">CHSN</a>) shares jumped 12.2% to $1.8843.</li>
<li>ZoomInfo Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zi#NASDAQ">ZI</a>) rose 10.3% to $17.68 as the company reported stronger-than-expected fourth-quarter financial results.</li>
<li>Bruker Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brkr#NASDAQ">BRKR</a>) rose 9.9% to $77.60 following upbeat results.</li>
<li>Renalytix Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rnlx#NASDAQ">RNLX</a>) shares gained 9.6% to $1.37. Renalytix shares jumped around 228% on Monday after the company announced that, on Feb. 8, the Centers for Medicare and Medicaid Services published a draft Local Coverage Determination for KidneyIntelX and kidneyintelX.dkd testing.</li>
<li>WK Kellogg Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/klg#NYSE">KLG</a>) climbed 9.2% to $13.77 following strong sales.</li>
<li>Aspen Aerogels, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aspn#NYSE">ASPN</a>) climbed 8.8% to $13.49 following strong results.</li>
<li>DIH Holding US, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dhai#NASDAQ">DHAI</a>) shares gained 8.1% to $1.7301 after surging around 24% on Monday.</li>
<li>Ecolab Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ecl#NYSE">ECL</a>) climbed 6.4% to $216.00 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter adjusted EPS guidance above estimates.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>BIOLASE, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/biol#NASDAQ">BIOL</a>) dipped 67.4% to $0.1466 after the company announced pricing of $7 million public offering of 16 million units at a price of $0.44 per unit.</li>
<li>Sunshine Biopharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbfm#NASDAQ">SBFM</a>) shares fell 64.7% to $0.0671 after the company announced pricing of $10 million underwritten public offering.</li>
<li>Sientra, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sien#NASDAQ">SIEN</a>) declined 56.8% to $0.2520 after the company announced plans to pursue strategic sale of its business through voluntary Chapter 11 process.</li>
<li>G1 Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gthx#NASDAQ">GTHX</a>) shares declined 53.9% to $2.0650. G1 Therapeutics will continue Phase 3 trial of trilaciclib in metastatic triple negative breast cancer following interim analysis by the independent Data Monitoring Committee.</li>
<li>SSR Mining Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ssrm#NASDAQ">SSRM</a>) fell 53.7% to $4.4950. The company announced suspension of operations at the &Ccedil;&ouml;pler mine.</li>
<li>Polished.com Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pol#NYSE">POL</a>) shares dipped 49.5% to $2.4531. Polished.com received a notice of acceleration on Feb. 6, 2024, demanding immediate repayment of all obligations under the credit agreement, including a principal balance of $91.25 million, due to defaults including non-payment.</li>
<li>2U, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/twou#NASDAQ">TWOU</a>) shares fell 39.1% to $0.5589 after the company reported worse-than-expected fourth-quarter financial results and issued 2024 revenue guidance below estimates.</li>
<li>Express, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/expr#NYSE">EXPR</a>) fell 39% to $2.2850.</li>
<li>Delta Apparel, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dla#NYSE">DLA</a>) declined 37.8% to $4.2051 following first-quarter results.</li>
<li>The Children&#39;s Place, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plce#NASDAQ">PLCE</a>) fell 32% to $11.14. B. Riley Securities analyst Jeff Lick downgraded Children&#39;s Place from Neutral to Sell and lowered the price target from $19 to $4.</li>
<li>Renovaro Biosciences Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/renb#NASDAQ">RENB</a>) fell 30% to $2.3301 after Hindenburg Research issued a report on the company and said it has taken a short position in the stock.</li>
<li>NanoString Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nstg#NASDAQ">NSTG</a>) declined 27.1% to $0.1226.</li>
<li>Quantum FinTech Acquisition Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/atch#NYSE">ATCH</a>) fell 27% to $5.11.</li>
<li>Trinseo PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tse#NYSE">TSE</a>) fell 27% to $4.4750 following weak results.</li>
<li>WESCO International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wcc#NYSE">WCC</a>) declined 23% to $148.13 after the company reported fourth-quarter FY23 earnings below consensus.</li>
<li>Teradata Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tdc#NYSE">TDC</a>) shares declined 22.9% to $37.61. Teradata reported better-than-expected results for its fourth quarter, but issued weak earnings guidance.</li>
<li>Avis Budget Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/car#NASDAQ">CAR</a>) fell 19.4% to $135.74 following weak sales.</li>
<li>Exscientia plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/exai#NASDAQ">EXAI</a>) dipped 18.1% to $6.15.</li>
<li>Altimmune, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alt#NASDAQ">ALT</a>) fell 16% to $8.73. Kerrisdale Capital issued a report on the company titled &quot;Altimmune, Inc. (ALT) Fat Chance.&quot;</li>
<li>Brighthouse Financial, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bhf#NASDAQ">BHF</a>) declined 14.5% to $45.72 after the company reported worse-than-expected fourth-quarter financial results.</li>
<li>Arm Holdings plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arm#NASDAQ">ARM</a>) fell 14.4% to $127.57 after jumping 29% on Monday. The company last week reported better-than-expected third-quarter financial results and issued FY24 adjusted EPS and revenue guidance above estimates.</li>
<li>Blackbaud, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blkb#NASDAQ">BLKB</a>) fell 14.1% to $71.06 following weak sales.</li>
<li>Millennium Group International Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mgih#NASDAQ">MGIH</a>) shares declined 13.8% to $2.6806. Millennium Group International shares jumped over 200% on Monday after YC 1926 (BVI) Limited reported an 88.89% stake in the company in a 13G filing on Friday.</li>
<li>Hertz Global Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/htz#NASDAQ">HTZ</a>) dipped 13.5% to $7.51.</li>
<li>SunPower Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spwr#NASDAQ">SPWR</a>) declined 13.3% to $3.6050.</li>
<li>The Goodyear Tire &amp; Rubber Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gt#NASDAQ">GT</a>) fell 13.2% to $11.84 following fourth-quarter results.</li>
<li>BranchOut Food Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bof#NASDAQ">BOF</a>) shares fell 12.6% to $2.16. BranchOut Food shares surged around 70% on Monday after the company announced it expanded its relationship with a retailer in a new agreement valued at an estimated $7.6 million annually.</li>
<li>James Hardie Industries plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jhx#NYSE">JHX</a>) dipped 12.3% to $34.40 following third-quarter earnings.</li>
<li>Jayud Global Logistics Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jyd#NASDAQ">JYD</a>) shares fell 10% to $1.0346 after jumping 30% on Monday.</li>
<li>Herc Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hri#NYSE">HRI</a>) fell 9.4% to $140.15 following downbeat results.</li>
<li>V.F. Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vfc#NYSE">VFC</a>) fell 8.8% to $15.90.</li>
<li>Bloom Energy Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/be#NYSE">BE</a>) fell 8.5% to $11.27.</li>
<li>Arista Networks, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>) shares fell 6.3% to $263.14 after the company reported fourth-quarter financial results and issued guidance.</li>
<li>Cadence Design Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdns#NASDAQ">CDNS</a>) shares fell 3.8% to $294.74 after the company reported fourth-quarter financial results and issued guidance.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/02/37091789/top-3-tech-stocks-which-could-rescue-your-portfolio-this-quarter"> Top 3 Tech Stocks Which Could Rescue Your Portfolio This Quarter</a>

Small Cap

ANET

ARBB

ASPN

ATCH

BDRX

BGLC

Brighthouse Financial, Inc. - Common Stock

BIOL

BLKB

BRKR

CDNS

CHSN

DBGI

DHAI

EXAI

EXPR

FAMI

FREE

GTHX

IPGP

JBLU

LIAN

Larimar Therapeutics, Inc. - Common Stock

LRMR

MGIH

NSTG

PLCE

RENB

RNLX

SBFM

SIEN

SPWR

SSRM

TRIP

TWOU

VCIG

VGAS

ZJYL

Why IPG Photonics Shares Are Trading Lower By Around 11%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

<h3>Gainers</h3>
<ul>
<li>BioNexus Gene Lab (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGLC#NASDAQ">BGLC</a>) stock increased by 411.4% to $2.1 during Tuesday's regular session. The company's market cap stands at $37.3 million. </li>
<li>JanOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAN#NASDAQ">JAN</a>) stock increased by 41.11% to $0.94. The company's market cap stands at $4.6 million. </li>
<li>Ault Alliance (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AULT#AMEX">AULT</a>) shares moved upwards by 38.14% to $0.57. The market value of their outstanding shares is at $1.6 million. </li>
<li>VCI Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCIG#NASDAQ">VCIG</a>) shares rose 34.13% to $1.42. The company's market cap stands at $53.9 million. </li>
<li>JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) shares rose 15.23% to $7.0. The company's market cap stands at $2.3 billion. </li>
<li>Espey Mfg &amp; Electronics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ESP#AMEX">ESP</a>) stock moved upwards by 10.17% to $25.61. The market value of their outstanding shares is at $63.4 million. As per the news, the Q2 earnings report came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>WESCO Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCC#NYSE">WCC</a>) stock decreased by 24.2% to $145.95 during Tuesday's regular session. The company's market cap stands at $7.4 billion. As per the news, the Q4 earnings report came out today. </li>
<li>Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) shares fell 21.37% to $132.38. The company's market cap stands at $4.7 billion. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Velo3D (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLD#NYSE">VLD</a>) stock declined by 16.86% to $0.25. The company's market cap stands at $65.5 million. </li>
<li>Sunworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SUNW#NASDAQ">SUNW</a>) stock fell 15.5% to $0.09. The market value of their outstanding shares is at $5.1 million. </li>
<li>Jayud Global Logistics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JYD#NASDAQ">JYD</a>) shares fell 14.67% to $0.98. The company's market cap stands at $20.9 million. </li>
<li>Pixie Dust Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXDT#NASDAQ">PXDT</a>) stock fell 13.97% to $3.85. The company's market cap stands at $56.6 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.

AULT

PXDT

SUNW

12 Industrials Stocks Moving In Tuesday's Intraday Session

Avis Budget Group shares are trade lower after the company reported worse-than-expected Q4 revenue results.

Whales with a lot of money to spend have taken a noticeably bearish 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 12 trades.
If we consider the specifics of each trade, it is accurate to state that 0% of the investors opened trades with bullish expectations and 100% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $304,914 and 9, calls, for a total amount of $936,690.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $135.0 and $220.0 for Avis Budget Gr, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Avis Budget Gr's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Avis Budget Gr's significant trades, within a strike price range of $135.0 to $220.0, over the past month.
<h3>Avis Budget Gr Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1707838259_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>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CAR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>02/16/24</td>
<td>$145.00</td>
<td>$249.0K</td>
<td style="text-align: right;">14</td>
<td>2</td>
</tr>
<tr>
<td>CAR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/16/24</td>
<td>$140.00</td>
<td>$162.5K</td>
<td style="text-align: right;">13</td>
<td>340</td>
</tr>
<tr>
<td>CAR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$140.00</td>
<td>$156.7K</td>
<td style="text-align: right;">363</td>
<td>139</td>
</tr>
<tr>
<td>CAR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/16/24</td>
<td>$140.00</td>
<td>$141.6K</td>
<td style="text-align: right;">13</td>
<td>1.2K</td>
</tr>
<tr>
<td>CAR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$180.00</td>
<td>$113.6K</td>
<td style="text-align: right;">38</td>
<td>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.
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>Where Is Avis Budget Gr Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 933,123, the CAR's price is down by -3.78%, now at $162.0. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 76 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.

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

Avis Budget Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) reported mixed fourth-quarter financial results after the bell Monday. Here's a <a href="https://www.benzinga.com/pressreleases/24/02/g37079079/avis-budget-group-reports-fourth-quarter-and-full-year-results">look at the details</a>.
The Details:
Avis Budget Group reported quarterly earnings of $7.10 per share which beat the analyst consensus estimate of $4.15 by 71.08%. This is a 32.12% decrease over earnings of $10.46 per share from the same period last year. 
The company reported quarterly sales of $2.76 billion, missing the analyst consensus estimate of $2.81 billion by 1.64% and representing a 0.25% decrease over sales of $2.77 billion year-over-year.
&#8220;We concluded the year with record revenue and the second-best Adjusted EBITDA in our Company&#8217;s history. We achieved this through continued demand improvement, seasonally adjusted price well above historical levels, and reducing the costs in our control,&#8221; said Joe Ferraro, Avis Budget Group CEO. 
&#8220;We finished the year with the highest volume of rentals in our fourth quarter history, and our employees seamlessly provided exceptional service. I want to thank them for their efforts, and we look forward to another successful year in 2024,&#8221; Ferraro added. 
Avis Budget Group highlighted record full-year revenue of $12 billion for the year ended 2023, driven by strong demand. 
The company will host a conference call to discuss the results at 8:30 a.m. ET on Tuesday. 
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CAR Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Avis Budget Group shares are trading down 3.48% after-hours at $162.50 at the time of publication.
Image: djvalo from Pixabay

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Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) reported quarterly earnings of $7.10 per share which beat the analyst consensus estimate of $4.15 by 71.08 percent. This is a 32.12 percent decrease over earnings of $10.46 per share from the same period last year. The company reported quarterly sales of $2.76 billion which missed the analyst consensus estimate of $2.81 billion by 1.64 percent. This is a 0.25 percent decrease over sales of $2.77 billion the same period last year.

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
April is here, and spring break stocks are ready for takeoff. With robust consumer spending and pent-up travel demand, vacation bookings are skyrocketing. Projections indicate a significant uptick in travel volumes for the upcoming months. And, recent data <a href="https://www.retailmenot.com/blog/spring-summer-travel-by-the-numbers-2024.html#:~:text=This%2520year%25E2%2580%2599s%2520spring%2520and%2520summer%2520travel%2520season%2520is,encompasses%2520spring%2520break%2529%252C%2520spending%2520an%2520average%2520of%2520%25241%252C769.">shows 64% of Americans</a> are planning trips in the early weeks of spring alone. The expected spend per person is likely to exceed $1,750.



So far in 2024, the US Global Jets ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/jets-stock-quote/">JETS</a>) which invests in major airlines, online travel agencies, and hospitality companies, has gained over 11%. This surpasses the 10% rise in the S&amp;P 500 Index.&nbsp;With the anticipated travel boom on the horizon, let&rsquo;s explore three spring break stocks poised to make the most of this flourishing trend.



<h2>Avis Budget Group (CAR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/03/car1600-avis-300x169.jpg" alt="the avis logo displayed at an airport"><div>Source: Brookgardener / Shutterstock.com</div></div>The management of Avis Budget Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/car-stock-quote/">CAR</a>) faced headwinds during the fourth quarter due to high interest rates and weak used vehicle prices. It reported downbeat <a href="https://ir.avisbudgetgroup.com/news-releases/news-release-details/avis-budget-group-reports-fourth-quarter-and-full-year-results">fourth quarter results</a>, with flat year-over-year (YOY) revenue of $2.8 billion. So this prompted investor concerns. Additionally, higher interest expenses meant increasing fleet costs. As a result, adjusted earnings per share (EPS) declined 30% YOY to $7.10.&nbsp;



Yet, industry analysts remain optimistic, projecting Avis Budget Groupt to be a key beneficiary of resurgent travel spending as interest rates decline. This optimism reflects Bank of America&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/bac-stock-quote/">BAC</a>) recent initiation of coverage with a bullish $170 price target. The bank is projecting a strong earnings recovery for Avis, benefiting from steady pricing and efficiency efforts.&nbsp;



Yet, Avis stock crashing 30% year to date (YTD), it now offers an attractive entry point. <a href="https://investorplace.com/2024/03/3-undervalued-travel-stocks-that-are-set-up-for-a-hot-summer/">Shares are trading at a significant discount</a> compared to peers, at 7.1 times forward earnings and 0.4 times trailing sales. Moreover, the stock presents a 40% upside potential, based on average <a href="https://edition.cnn.com/markets/stocks/car">analysts&rsquo; price target of&nbsp; $177.50</a>.



<h2>Booking Holdings (BKNG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/bkng-1600-300x169.png" alt="The home page of the Internet booking of hotels booking.com on the screen the Chinese Xiaomi smartphone in male hand on a computer monitor. BKNG stock."><div>Source: Andrey Solovev / Shutterstock</div></div>The second pick is Booking Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/bkng-stock-quote/">BKNG</a>), the world&rsquo;s leading online travel services provider. The company boasts diverse travel brands like Booking.com, Priceline, Agoda, Kayak, and OpenTable, with robust profitability.



<a href="https://s201.q4cdn.com/865305287/files/doc_financials/2023/q4/BKNG-Earnings-Release-Final.pdf">Fourth quarter metrics</a> highlight BKNG&rsquo;s strong market position. Gross travel bookings surged 16% YOY, leading to a 18% increase in revenue to $4.8 billion. Non-GAAP EPS jumped 29% to $32.00, showcasing its operating leverage as travel volumes recover. In a strategic move likely to attract income-oriented investors, its board initiated its first-ever quarterly dividend of $8.75 per share.&nbsp;



Looking ahead, BKNG prioritizes vertical integration, expansion of its Genius loyalty program and further AI integration. Notably, Booking Holding&rsquo;s <a href="https://news.booking.com/bookingcom-launches-new-ai-trip-planner-to-enhance-travel-planning-experience/">AI Trip Planner</a> personalizes travel recommendations and caters to individual customer needs. Analysts are forecasting continued double-digit earnings growth over the next three years.



As a result, BKNG stock has returned 3% YTD.&nbsp;Shares trade at a valuation at 20.7 times forward earnings and 6.2 times trailing sales. Finally, analysts are forecasting a <a href="https://edition.cnn.com/markets/stocks/bkng">12-month price target</a> of $3,950, implying a 10% upside from current levels.&nbsp;



<h2>Expedia Group (EXPE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/expe_expedia_1600_1739158757-300x169.png" alt="Expedia app logo on a smartphone screen. EXPE stock"><div>Source: NYC Russ / Shutterstock.com</div></div>The travel powerhouse operating Expedia.com, Hotels.com, Vrbo and Egencia is Expedia (NASDAQ:<a href="https://investorplace.com/stock-quotes/expe-stock-quote/">EXPE</a>). The company concluded a strong 2023 by reducing long-term debt and bolstering cash flows. However, a surprise change of CEO cast a shadow over the financial results, initially leading to a sell-off in stock.



The travel company&rsquo;s <a href="https://s202.q4cdn.com/757635260/files/doc_financials/2023/q4/Earnings-Release-Q4-2023-vF.pdf">Q4 results were solid</a>, with revenue and profitability accelerating from the previous quarter.&nbsp;Revenue grew 10% YOY to $2.9 billion, while adjusted EPS jumped 37% YOY to $1.72, fueled by strong growth in its business-to-business segment.



Additionally, Expedia strategically focuses on its merchant model, leveraging technology through partnerships to market travel packages. Its strong brand portfolio, global reach and commitment to efficiency gains position EXPE to capitalize on the resurgent travel demand.



So far in the year, Expedia stock has slipped close to 12%. As a result, the shares offer better value, trading at a price-to-earnings (P/E) ratio of 14.7 and a price-to-sales ratio of just 1.5. Finally, Wall Street analysts have a <a href="https://edition.cnn.com/markets/stocks/expe">12-month price target</a> of $157.50, suggesting potential upside of 14% from current levels.



On the date of publication, Tezcan Gecgil did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>
<div>Tezcan Gecgil, PhD, began contributing to InvestorPlace in 2018. She brings over 20 years of experience in the U.S. and U.K. and has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Publicly, she has contributed to <a href="https://www.investing.com/">investing.com</a> and the U.K. website of <a href="https://www.fool.com/">The Motley Fool.</a></div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/the-spring-break-stock-surge-3-companies-ready-to-cash-in/">The Spring Break Stock Surge: 3 Companies Ready to Cash In</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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