S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Stock market today: Global markets are mixed as Middle East tensions escalate
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
The IRS is quicker to answer the phone on this Tax Day
Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Stock market today: Global markets are mixed as Middle East tensions escalate
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
The IRS is quicker to answer the phone on this Tax Day
Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Stock market today: Global markets are mixed as Middle East tensions escalate
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
The IRS is quicker to answer the phone on this Tax Day
Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Stock market today: Global markets are mixed as Middle East tensions escalate
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
The IRS is quicker to answer the phone on this Tax Day
Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
NASDAQ:CAR

Avis Budget Group (CAR) Stock Price, News & Analysis

$114.73
-6.31 (-5.21%)
(As of 04/12/2024 08:51 PM ET)
Today's Range
$113.86
$120.71
50-Day Range
$100.05
$168.88
52-Week Range
$99.60
$244.95
Volume
905,300 shs
Average Volume
829,699 shs
Market Capitalization
$4.09 billion
P/E Ratio
2.69
Dividend Yield
N/A
Price Target
$182.14

Avis Budget Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
58.8% Upside
$182.14 Price Target
Short Interest
Bearish
9.57% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.31
Upright™ Environmental Score
News Sentiment
0.44mentions of Avis Budget Group in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
15.31%
From $15.35 to $17.70 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.79 out of 5 stars

Transportation Sector

8th out of 109 stocks

Automotive Rental & Leasing, Without Drivers Industry

1st out of 6 stocks

CAR stock logo

About Avis Budget Group Stock (NASDAQ:CAR)

Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers in the Americas, Europe, the Middle East and Africa, Asia, and Australasia. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; and the Zipcar brand, a car sharing network, as well as the Budget brand, a supplier of vehicle rental and other mobility solutions focused primarily on more value-conscious customers comprising Budget car rental, and Budget Truck, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 19,000 vehicles, which are rented through a network of dealer-operated and company-operated locations that serve the light commercial and consumer sectors in the continental United States. The company also operates various other car rental brands, such as Payless, Apex, Maggiore, Morini Rent, FranceCars, AmicoBlu, Turiscar, and ACL Hire and McNicoll Hire, as well as TurisPrime and RubyCa. In addition, it offers optional insurance products and coverages, such as supplemental liability, personal accident, personal effects protection, emergency sickness protection, automobile towing protection, and cargo insurance products; fuel service options, roadside assistance services, electronic toll collection services; and access to satellite radio, mobile WiFi devices, GPS navigation, and child safety seat rentals; automobile towing equipment and other moving accessories, such as hand trucks, furniture pads, and moving supplies; and Avis Budget Group Business Intelligence, an online portal complete with rental summary dashboards, visualizations, and detailed reports. The company was formerly known as Cendant Corporation and changed its name to Avis Budget Group, Inc. in September 2006. Avis Budget Group, Inc. was founded in 1946 and is based in Parsippany, New Jersey.

CAR Stock Price History

CAR Stock News Headlines

CAR May 2024 110.000 call
My biggest AI fear
These 10 stocks have the power to make you a millionaire as early as 2026… And all you need is $10K. Investing in each of the stocks in The AI Millionaire Blueprint could make a 9,900% return in as little as the next three years.
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Avis de convocation aux AGE et AGO du 29 mars 2024
CAR Mar 2024 103.000 call
CAR Mar 2024 90.000 put
CAR Aug 2024 200.000 call
CAR Mar 2024 102.000 put
CAR Mar 2024 180.000 call
Avis Budget Group Stock Crashed 34% Last Week
See More Headlines
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Company Calendar

Last Earnings
2/13/2024
Today
4/15/2024
Next Earnings (Estimated)
5/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Automotive rental & leasing, without drivers
Sub-Industry
Trucking
Current Symbol
NASDAQ:CAR
CUSIP
05377410
Employees
24,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$182.14
High Stock Price Target
$248.00
Low Stock Price Target
$130.00
Potential Upside/Downside
+58.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
$1.63 billion
Pretax Margin
15.94%

Debt

Sales & Book Value

Annual Sales
$12.66 billion
Cash Flow
$141.64 per share
Book Value
($9.47) per share

Miscellaneous

Free Float
22,351,000
Market Cap
$4.09 billion
Optionable
Optionable
Beta
2.22
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CAR Stock Analysis - Frequently Asked Questions

Should I buy or sell Avis Budget Group stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CAR shares.
View CAR analyst ratings
or view top-rated stocks.

What is Avis Budget Group's stock price target for 2024?

7 brokerages have issued 1 year price objectives for Avis Budget Group's stock. Their CAR share price targets range from $130.00 to $248.00. On average, they predict the company's share price to reach $182.14 in the next twelve months. This suggests a possible upside of 58.8% from the stock's current price.
View analysts price targets for CAR
or view top-rated stocks among Wall Street analysts.

How have CAR shares performed in 2024?

Avis Budget Group's stock was trading at $177.26 at the start of the year. Since then, CAR shares have decreased by 35.3% and is now trading at $114.73.
View the best growth stocks for 2024 here
.

Are investors shorting Avis Budget Group?

Avis Budget Group saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 3,290,000 shares, an increase of 6.1% from the March 15th total of 3,100,000 shares. Based on an average daily volume of 837,900 shares, the days-to-cover ratio is currently 3.9 days. Currently, 9.6% of the shares of the stock are short sold.
View Avis Budget Group's Short Interest
.

When is Avis Budget Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our CAR earnings forecast
.

How were Avis Budget Group's earnings last quarter?

Avis Budget Group, Inc. (NASDAQ:CAR) posted its earnings results on Tuesday, February, 13th. The business services provider reported $7.10 earnings per share for the quarter, beating the consensus estimate of $4.15 by $2.95. The business services provider had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.81 billion. Avis Budget Group had a net margin of 13.59% and a negative trailing twelve-month return on equity of 696.69%. Avis Budget Group's quarterly revenue was down .3% on a year-over-year basis. During the same period in the prior year, the company posted $10.46 EPS.

How often does Avis Budget Group pay dividends? What is the dividend yield for Avis Budget Group?

Avis Budget Group announced a special dividend on Tuesday, December 5th. Shareholders of record on Friday, December 15th will be paid a dividend of $10.00 per share on Thursday, December 21st. The ex-dividend date is Thursday, December 14th.
Read our dividend analysis for CAR
.

What is Joe Ferraro's approval rating as Avis Budget Group's CEO?

314 employees have rated Avis Budget Group Chief Executive Officer Joe Ferraro on Glassdoor.com. Joe Ferraro has an approval rating of 68% among the company's employees. 53.0% of employees surveyed would recommend working at Avis Budget Group to a friend.

What other stocks do shareholders of Avis Budget Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Avis Budget Group investors own include Hertz Global (HTZ), Tesla (TSLA), Delta Air Lines (DAL), Bank of America (BAC), Micron Technology (MU), Alibaba Group (BABA), Boeing (BA), NVIDIA (NVDA), Advanced Micro Devices (AMD) and Cisco Systems (CSCO).

Who are Avis Budget Group's major shareholders?

Avis Budget Group's stock is owned by many different retail and institutional investors. Top institutional investors include Alaska Permanent Fund Corp (0.05%) and International Assets Investment Management LLC (0.01%). Insiders that own company stock include Bernardo Hees, Cathleen Degenova, Edward P Linnen, Glenn Lurie, Izilda P Martins, Jean M Sera, Joseph A Ferraro, Lynn Krominga, Patrick K Rankin and Veresh Sita.
View institutional ownership trends
.

How do I buy shares of Avis Budget Group?

Shares of CAR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CAR) was last updated on 4/15/2024 by MarketBeat.com Staff

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