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

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research 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.
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5 Wall Street analysts have issued twelve-month target prices for Avis Budget Group's stock. Their CAR share price targets range from $195.00 to $275.00. On average, they predict the company's stock price to reach $237.60 in the next year. This suggests a possible upside of 31.4% from the stock's current price.
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Avis Budget Group's stock was trading at $163.93 at the start of the year. Since then, CAR shares have increased by 10.3% and is now trading at $180.76.
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Avis Budget Group saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 2,690,000 shares, an increase of 8.5% from the October 31st total of 2,480,000 shares. Based on an average daily volume of 475,900 shares, the days-to-cover ratio is currently 5.7 days. Approximately 7.6% of the company's shares are short sold.
View Avis Budget Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 12th 2024.
View our CAR earnings forecast.

Avis Budget Group, Inc. (NASDAQ:CAR) posted its quarterly earnings data on Thursday, November, 2nd. The business services provider reported $16.78 EPS for the quarter, topping the consensus estimate of $14.54 by $2.24. The business services provider earned $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. Avis Budget Group had a negative trailing twelve-month return on equity of 559.82% and a net margin of 14.95%. The business's revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $21.70 EPS.

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).

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.

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).

Avis Budget Group's stock is owned by a number of retail and institutional investors. Top institutional investors include FMR LLC (13.65%), Toronto Dominion Bank (1.27%), National Bank of Canada FI (1.06%), Hsbc Holdings PLC (1.00%), Bank of Nova Scotia (0.80%) and Bank of New York Mellon Corp (0.64%). 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.

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.
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