QQQ   354.19 (+0.62%)
AAPL   180.35 (+0.14%)
MSFT   334.75 (+0.65%)
META   272.98 (+0.14%)
GOOGL   124.82 (+0.89%)
AMZN   124.58 (+1.47%)
TSLA   214.30 (+3.27%)
NVDA   391.17 (-1.64%)
NIO   7.64 (+1.33%)
BABA   84.94 (+2.34%)
AMD   118.00 (-1.23%)
T   15.12 (-4.36%)
F   12.41 (+2.48%)
MU   68.93 (-0.23%)
CGC   0.83 (-0.46%)
GE   106.32 (+1.58%)
DIS   90.86 (+2.56%)
AMC   4.53 (-0.44%)
PFE   38.49 (+1.24%)
PYPL   63.89 (+1.33%)
NFLX   402.33 (-0.20%)
QQQ   354.19 (+0.62%)
AAPL   180.35 (+0.14%)
MSFT   334.75 (+0.65%)
META   272.98 (+0.14%)
GOOGL   124.82 (+0.89%)
AMZN   124.58 (+1.47%)
TSLA   214.30 (+3.27%)
NVDA   391.17 (-1.64%)
NIO   7.64 (+1.33%)
BABA   84.94 (+2.34%)
AMD   118.00 (-1.23%)
T   15.12 (-4.36%)
F   12.41 (+2.48%)
MU   68.93 (-0.23%)
CGC   0.83 (-0.46%)
GE   106.32 (+1.58%)
DIS   90.86 (+2.56%)
AMC   4.53 (-0.44%)
PFE   38.49 (+1.24%)
PYPL   63.89 (+1.33%)
NFLX   402.33 (-0.20%)
QQQ   354.19 (+0.62%)
AAPL   180.35 (+0.14%)
MSFT   334.75 (+0.65%)
META   272.98 (+0.14%)
GOOGL   124.82 (+0.89%)
AMZN   124.58 (+1.47%)
TSLA   214.30 (+3.27%)
NVDA   391.17 (-1.64%)
NIO   7.64 (+1.33%)
BABA   84.94 (+2.34%)
AMD   118.00 (-1.23%)
T   15.12 (-4.36%)
F   12.41 (+2.48%)
MU   68.93 (-0.23%)
CGC   0.83 (-0.46%)
GE   106.32 (+1.58%)
DIS   90.86 (+2.56%)
AMC   4.53 (-0.44%)
PFE   38.49 (+1.24%)
PYPL   63.89 (+1.33%)
NFLX   402.33 (-0.20%)
QQQ   354.19 (+0.62%)
AAPL   180.35 (+0.14%)
MSFT   334.75 (+0.65%)
META   272.98 (+0.14%)
GOOGL   124.82 (+0.89%)
AMZN   124.58 (+1.47%)
TSLA   214.30 (+3.27%)
NVDA   391.17 (-1.64%)
NIO   7.64 (+1.33%)
BABA   84.94 (+2.34%)
AMD   118.00 (-1.23%)
T   15.12 (-4.36%)
F   12.41 (+2.48%)
MU   68.93 (-0.23%)
CGC   0.83 (-0.46%)
GE   106.32 (+1.58%)
DIS   90.86 (+2.56%)
AMC   4.53 (-0.44%)
PFE   38.49 (+1.24%)
PYPL   63.89 (+1.33%)
NFLX   402.33 (-0.20%)
NASDAQ:CAR

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

$174.07
+4.47 (+2.64%)
(As of 02:11 PM ET)
Compare
Today's Range
$171.66
$177.83
50-Day Range
$157.79
$195.04
52-Week Range
$131.83
$251.26
Volume
276,052 shs
Average Volume
507,097 shs
Market Capitalization
$6.92 billion
P/E Ratio
3.15
Dividend Yield
N/A
Price Target
$224.43

Avis Budget Group MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
28.0% Upside
$224.43 Price Target
Short Interest
Healthy
6.22% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.31
Upright™ Environmental Score
News Sentiment
0.73mentions of Avis Budget Group in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-30.48%
From $33.99 to $23.63 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.30 out of 5 stars

Business Services Sector

115th out of 339 stocks

Automotive Rental & Leasing, Without Drivers Industry

3rd out of 6 stocks


CAR stock logo

About Avis Budget Group (NASDAQ:CAR) Stock

Avis Budget Group, Inc. engages in the provision of vehicle sharing and rental services. It operates through the Americas and International segments. The Americas segment includes the company's brands to third parties for vehicle rentals and ancillary products and services in North America, South America, Central America, and the Caribbean. The International segment involves leasing out vehicles in Europe, the Middle East, Africa, Asia, and Australasia. The company was founded in 1946 and is headquartered in Parsippany, NJ.

Receive CAR Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Avis Budget Group and its competitors with MarketBeat's FREE daily newsletter.

CAR Stock News Headlines

The Graphite Shortage Story You're Not Being Told
Graphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security.
The Real Problem With "Made in America" Lithium
Politicians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple.
Avis Budget Group (NASDAQ:CAR) PT Lowered to $195.00
Avis Budget Group (NASDAQ:CAR) Price Target Cut to $239.00
Q1 2023 Avis Budget Group Inc Earnings Call
8-K: AVIS BUDGET GROUP, INC.
Avis Budget Group (NASDAQ:CAR) Issues Earnings Results
Avis Budget Group Reports First Quarter Results
See More Headlines

CAR Price History

CAR Company Calendar

Last Earnings
5/01/2023
Today
6/02/2023
Next Earnings (Estimated)
8/07/2023
Fiscal Year End
12/31/2023

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 Forecast
$224.43
High Stock Price Forecast
$275.00
Low Stock Price Forecast
$158.00
Forecasted Upside/Downside
+27.6%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$2.76 billion
Pretax Margin
27.54%

Debt

Sales & Book Value

Annual Sales
$11.99 billion
Cash Flow
$143.05 per share
Book Value
($11.09) per share

Miscellaneous

Free Float
24,931,000
Market Cap
$7.00 billion
Optionable
Optionable
Beta
2.34

Key Executives

  • Joseph A. Ferraro
    President & Chief Executive Officer
  • Brian J. ChoiBrian J. Choi
    Chief Financial Officer & Executive Vice President
  • Gerard Insall
    Chief Information Officer & Executive VP
  • Jean M. SeraJean M. Sera
    Secretary, Chief Compliance Officer & Senior VP
  • Ned Linnen
    Chief Human Resources Officer & Executive VP













CAR Stock - Frequently Asked Questions

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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CAR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CAR, but not buy additional shares or sell existing shares.
View CAR analyst ratings
or view top-rated stocks.

What is Avis Budget Group's stock price forecast for 2023?

7 equities research analysts have issued 12 month price targets for Avis Budget Group's shares. Their CAR share price forecasts range from $158.00 to $275.00. On average, they predict the company's stock price to reach $224.43 in the next year. This suggests a possible upside of 32.3% 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 2023?

Avis Budget Group's stock was trading at $163.93 at the start of the year. Since then, CAR shares have increased by 3.5% and is now trading at $169.60.
View the best growth stocks for 2023 here
.

When is Avis Budget Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our CAR earnings forecast
.

How were Avis Budget Group's earnings last quarter?

Avis Budget Group, Inc. (NASDAQ:CAR) announced its earnings results on Monday, May, 1st. The business services provider reported $7.72 earnings per share for the quarter, beating analysts' consensus estimates of $3.34 by $4.38. The business services provider had revenue of $2.56 billion for the quarter, compared to analysts' expectations of $2.54 billion. Avis Budget Group had a negative trailing twelve-month return on equity of 448.41% and a net margin of 21.02%. The business's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $9.99 earnings per share.

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).

What is Avis Budget Group's stock symbol?

Avis Budget Group trades on the NASDAQ under the ticker symbol "CAR."

Who are Avis Budget Group's major shareholders?

Avis Budget Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include FMR LLC (13.60%), BlackRock Inc. (5.94%), Nomura Holdings Inc. (3.86%), State Street Corp (2.00%), Toronto Dominion Bank (1.67%) and Susquehanna International Group LLP (0.00%). Insiders that own company stock include Bernardo Hees, Brian J Choi, Cathleen Degenova, Edward P Linnen, Glenn Lurie, Izilda P Martins, Jean M Sera, Joseph A Ferraro, Lynn Krominga, Patrick K Rankin, Srs Investment Management, Llc 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Avis Budget Group's stock price today?

One share of CAR stock can currently be purchased for approximately $169.60.

How much money does Avis Budget Group make?

Avis Budget Group (NASDAQ:CAR) has a market capitalization of $6.74 billion and generates $11.99 billion in revenue each year. The business services provider earns $2.76 billion in net income (profit) each year or $55.20 on an earnings per share basis.

How many employees does Avis Budget Group have?

The company employs 24,500 workers across the globe.

How can I contact Avis Budget Group?

Avis Budget Group's mailing address is 6 SYLVAN WAY, PARSIPPANY NJ, 07054. The official website for the company is www.avisbudgetgroup.com. The business services provider can be reached via phone at (973) 496-4700, via email at ir@avisbudget.com, or via fax at 302-636-5454.

This page (NASDAQ:CAR) was last updated on 6/2/2023 by MarketBeat.com Staff

My Account -