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

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.
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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.
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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 3.5% and is now trading at $169.60.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
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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.

ETFs with the largest weight of Avis Budget Group (NASDAQ:CAR) stock in their portfolio include SPDR S&P Transportation ETF (XTN), AXS Astoria Inflation Sensitive ETF (PPI), American Customer Satisfaction ETF (ACSI), SPDR S&P Kensho Smart Mobility ETF (HAIL), Invesco S&P MidCap 400 Pure Growth ETF (RFG), Invesco S&P MidCap Value with Momentum ETF (XMVM), Global X Guru Index ETF (GURU) 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 trades on the NASDAQ under the ticker symbol "CAR."

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

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.

The company employs 24,500 workers across the globe.

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.