S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
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MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Speaker McCarthy is giving hard-right Republicans what they want. But it never seems to be enough.
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Leading Egyptian opposition politician targeted with spyware, researchers find
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Speaker McCarthy is giving hard-right Republicans what they want. But it never seems to be enough.
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Leading Egyptian opposition politician targeted with spyware, researchers find
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Speaker McCarthy is giving hard-right Republicans what they want. But it never seems to be enough.
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Leading Egyptian opposition politician targeted with spyware, researchers find
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Speaker McCarthy is giving hard-right Republicans what they want. But it never seems to be enough.
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Leading Egyptian opposition politician targeted with spyware, researchers find
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
NASDAQ:CAR

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

$182.00
-6.56 (-3.48%)
(As of 09/22/2023 ET)
Compare
Today's Range
$180.56
▼
$189.37
50-Day Range
$182.00
▼
$243.05
52-Week Range
$131.83
▼
$251.26
Volume
528,781 shs
Average Volume
487,352 shs
Market Capitalization
$7.05 billion
P/E Ratio
3.60
Dividend Yield
N/A
Price Target
$243.00
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Avis Budget Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
33.5% Upside
$243.00 Price Target
Short Interest
Bearish
8.29% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.31
Upright™ Environmental Score
News Sentiment
1.36mentions of Avis Budget Group in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-29.45%
From $36.87 to $26.01 Per Share

Overall MarketRank™

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

2.20 out of 5 stars

Transportation Sector

76th out of 114 stocks

Automotive Rental & Leasing, Without Drivers Industry

2nd out of 4 stocks

See Top Rated MarketRank™ Stocks Here

CAR stock logo

About Avis Budget Group (NASDAQ:CAR) Stock

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; the Budget Truck brand, 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 approximately 415 dealer-operated and 390 company-operated locations that serve the light commercial and consumer sectors in the continental United States; and the Zipcar brand, a car sharing network. The company also operates various other car rental brands, such as Budget, Payless, Apex, Maggiore, Morini Rent, FranceCars, Amicoblue, Turiscar, and ACL Hire. In addition, it offers optional insurance products and coverages, such as supplemental liability, personal accident, personal effects protection, emergency sickness protection, and automobile towing protection and cargo insurance products; fuel service options, roadside assistance services, electronic toll collection services, curbside delivery, tablet rentals, access to satellite radio, portable navigation units, and child safety seat rentals; automobile towing equipment and other moving accessories, such as hand trucks, furniture pads, and moving supplies; and Business Intelligence solution, an online portal for corporate customers. 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 headquartered in Parsippany, New Jersey.

CAR Price History

CAR Stock News Headlines

September 21, 2023 | finance.yahoo.com
Avis Budget Group (CAR) Stock Moves -1.17%: What You Should Know
September 19, 2023 | finance.yahoo.com
In Honor of Globally Recognized "Car-Free Day," Zipcar Releases New Data about the Impact of Car Sharing on Traffic and Parking Competition in Washington, D.C.
September 24, 2023 | Behind the Markets (Ad)
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
September 19, 2023 | finance.yahoo.com
In Honor of Globally Recognized "Car-Free Day," Zipcar Releases New Data about the Impact of Car Sharing on Traffic and Parking Competition in Boston
September 5, 2023 | finance.yahoo.com
Avis Budget Group (CAR) Stock Moves -0.22%: What You Should Know
September 1, 2023 | finance.yahoo.com
Avis Budget planning new $6.5 million facility near John Glenn International Airport
August 30, 2023 | finance.yahoo.com
Why Is Avis Budget (CAR) Down 3.3% Since Last Earnings Report?
August 28, 2023 | msn.com
Avis Budget Group: Ripe For Disruption
September 24, 2023 | Behind the Markets (Ad)
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
August 16, 2023 | msn.com
No Credit Card? No Car! Avis Budget Fined $275K For Turning Away Customers: Report
August 16, 2023 | finance.yahoo.com
Elon Musk's X Accused Of Slowing Traffic to Sites Criticized By Him, Federal Approval For Coinbase's New Futures Offering, Tower Semiconductor Deal Falls Prey to US-China Tensions: Today's Top Stories
August 15, 2023 | finance.yahoo.com
New York fines Avis Budget for denying car rentals to people who lack credit cards
August 8, 2023 | finance.yahoo.com
Avis Budget (CAR) Q2 Earnings Beat Estimates but Revenues Missed
August 4, 2023 | msn.com
Morgan Stanley Reiterates Avis Budget Group (CAR) Overweight Recommendation
August 2, 2023 | finanznachrichten.de
Avis Budget Group, Inc.: Avis Budget Group Reports Second Quarter Results
August 2, 2023 | msn.com
JP Morgan Maintains Avis Budget Group (CAR) Overweight Recommendation
August 1, 2023 | finance.yahoo.com
Here's What Key Metrics Tell Us About Avis Budget (CAR) Q2 Earnings
August 1, 2023 | finance.yahoo.com
Avis Budget Group Inc (CAR): A High-Performing Stock with a GF Score of 91
July 31, 2023 | msn.com
Avis stock up 3% after rental-car company sees ‘robust’ summer demand
July 31, 2023 | benzinga.com
Avis Budget Group Trading Higher In After Hours Despite Quarterly Sales Miss
July 31, 2023 | markets.businessinsider.com
Avis Budget Group Inc. Reports Retreat In Q2 Bottom Line, but beats estimates
July 31, 2023 | msn.com
Avis Budget gains after posting better-than-feared profit for Q2
July 31, 2023 | finance.yahoo.com
Avis Q2 earnings top estimates, driven by 'robust' summer demand
July 31, 2023 | finance.yahoo.com
Avis Budget Group Reports Second Quarter Results
July 31, 2023 | finance.yahoo.com
Avis Budget Group (CAR) Q2 Earnings Top Estimates
July 31, 2023 | finance.yahoo.com
Markets Up, Yum China Beats, Avis Mixed
July 21, 2023 | finance.yahoo.com
Wall Street Analysts See Avis Budget (CAR) as a Buy: Should You Invest?
See More Headlines
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CAR Company Calendar

Last Earnings
8/01/2023
Today
9/24/2023
Next Earnings (Estimated)
10/30/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Automotive rental & leasing, without drivers
Sub-Industry
Trucking
Sector
Transportation
Current Symbol
NASDAQ:CAR
CUSIP
05377410
CIK
723612
Web
www.avisbudgetgroup.com
Phone
(973) 496-4700
Fax
302-636-5454
Employees
24,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$243.00
High Stock Price Forecast
$275.00
Low Stock Price Forecast
$195.00
Forecasted Upside/Downside
+33.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$50.50
Trailing P/E Ratio
3.60
Forward P/E Ratio
4.94
P/E Growth
N/A
Net Income
$2.76 billion
Net Margins
18.37%
Pretax Margin
23.78%
Return on Equity
-500.85%
Return on Assets
8.08%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
0.79
Quick Ratio
0.79

Sales & Book Value

Annual Sales
$11.99 billion
Price / Sales
0.59
Cash Flow
$135.82 per share
Price / Cash Flow
1.34
Book Value
($16.88) per share
Price / Book
-10.78

Miscellaneous

Outstanding Shares
38,740,000
Free Float
24,289,000
Market Cap
$7.05 billion
Optionable
Optionable
Beta
2.41
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Key Executives

  • Mr. Bernardo Vieira Hees (Age 53)
    Non-Independent Exec. Chairman
    Comp: $1.02M
  • Mr. Joseph A. FerraroMr. Joseph A. Ferraro (Age 66)
    CEO & Pres
    Comp: $4.81M
  • Mr. Brian J. ChoiMr. Brian J. Choi (Age 40)
    Exec. VP & CFO
    Comp: $1.69M
  • Ms. Izilda P. MartinsMs. Izilda P. Martins (Age 52)
    Exec. VP of Americas
    Comp: $1.69M
  • Mr. Ravindra Simhambhatla (Age 55)
    Exec. VP and Chief Digital & Innovation Officer
    Comp: $1.02M
  • Ms. Cathleen DeGenovaMs. Cathleen DeGenova (Age 61)
    VP & Chief Accounting Officer
  • Mr. David T. Calabria (Age 48)
    Treasurer & Sr. VP of Corp. Fin.
  • Ms. Jean M. SeraMs. Jean M. Sera (Age 53)
    Sr. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec.
  • Ms. Vanessa Wolczak
    Head of Marketing
  • Mr. Edward P. LinnenMr. Edward P. Linnen (Age 53)
    Chief Human Resource Officer & Exec. VP

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













CAR Stock - Frequently Asked Questions

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

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last twelve months. There are currently 3 hold ratings and 3 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 forecast for 2023?

6 brokerages have issued 12 month price objectives for Avis Budget Group's shares. Their CAR share price forecasts range from $195.00 to $275.00. On average, they expect the company's share price to reach $243.00 in the next year. This suggests a possible upside of 33.5% 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 stock has increased by 11.0% and is now trading at $182.00.
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, October 30th 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 Tuesday, August, 1st. The business services provider reported $11.01 EPS for the quarter, topping analysts' consensus estimates of $9.79 by $1.22. The business services provider had revenue of $3.12 billion for the quarter, compared to analysts' expectations of $3.21 billion. Avis Budget Group had a negative trailing twelve-month return on equity of 500.85% and a net margin of 18.37%. The business's revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $15.94 earnings per share.

What ETFs hold Avis Budget Group's stock?

ETFs with the largest weight of Avis Budget Group (NASDAQ:CAR) stock in their portfolio include SPDR S&P Transportation ETF (XTN), American Customer Satisfaction ETF (ACSI), Global X Guru Index ETF (GURU), SPDR S&P Kensho Smart Mobility ETF (HAIL), Invesco S&P MidCap 400 Pure Growth ETF (RFG), First Trust Consumer Discretionary AlphaDEX Fund (FXD), WisdomTree U.S. Value Fund (WTV) and WisdomTree U.S. Quality Shareholder Yield Fund (QSY).

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 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (5.66%), State Street Corp (1.88%), Citadel Advisors LLC (0.00%), Geode Capital Management LLC (0.95%), Hudson Bay Capital Management LP (0.00%) and Bank of New York Mellon Corp (0.71%). 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 $182.00.

How much money does Avis Budget Group make?

Avis Budget Group (NASDAQ:CAR) has a market capitalization of $7.05 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 $50.50 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 9/24/2023 by MarketBeat.com Staff

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