NASDAQ:CAR

Avis Budget Group Stock Forecast, Price & News

$80.86
-1.63 (-1.98 %)
(As of 06/18/2021 12:00 AM ET)
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Today's Range
$77.03
$82.28
50-Day Range
$74.71
$94.24
52-Week Range
$20.10
$95.10
Volume2.49 million shs
Average Volume1.43 million shs
Market Capitalization$5.65 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.35
30 days | 90 days | 365 days | Advanced Chart
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Avis Budget Group logo

About Avis Budget Group

Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers. It operates the Avis brand, a vehicle rental system that supply rental cars to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local and one-way truck rental businesses with a fleet of approximately 20,000 vehicles, which are rented through a network of approximately 515 dealer-operated and 410 company-operated locations that serve the consumer and light commercial 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, MoriniRent, 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 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 travel. Avis Budget Group, Inc. operates in approximately 10,600 locations worldwide. 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.

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MarketRank

Overall MarketRank

1.52 out of 5 stars

Business Services Sector

138th out of 505 stocks

Automotive Rental & Leasing, Without Drivers Industry

3rd out of 7 stocks

Analyst Opinion: 1.0Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -
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Avis Budget Group (NASDAQ:CAR) Frequently Asked Questions

Is Avis Budget Group a buy right now?

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

What stocks does MarketBeat like better than Avis Budget Group?

Wall Street analysts have given Avis Budget Group a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Avis Budget Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Avis Budget Group's next earnings date?

Avis Budget Group is scheduled to release its next quarterly earnings announcement on Tuesday, July 27th 2021.
View our earnings forecast for Avis Budget Group
.

How were Avis Budget Group's earnings last quarter?

Avis Budget Group, Inc. (NASDAQ:CAR) posted its quarterly earnings results on Sunday, May, 2nd. The business services provider reported ($0.46) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($2.38) by $1.92. The business services provider earned $1.37 billion during the quarter, compared to analyst estimates of $1.24 billion. Avis Budget Group had a negative trailing twelve-month return on equity of 199.17% and a negative net margin of 13.86%. Avis Budget Group's quarterly revenue was down 21.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.40) EPS.
View Avis Budget Group's earnings history
.

How has Avis Budget Group's stock price been impacted by Coronavirus?

Avis Budget Group's stock was trading at $19.41 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CAR shares have increased by 316.6% and is now trading at $80.86.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for CAR?

5 equities research analysts have issued 12-month price targets for Avis Budget Group's stock. Their forecasts range from $35.00 to $85.00. On average, they expect Avis Budget Group's stock price to reach $64.40 in the next twelve months. This suggests that the stock has a possible downside of 20.4%.
View analysts' price targets for Avis Budget Group
or view top-rated stocks among Wall Street analysts.

Who are Avis Budget Group's key executives?

Avis Budget Group's management team includes the following people:
  • Mr. Bernardo Vieira Hees, Non-Independent Exec. Chairman (Age 51, Pay $402.56k)
  • Mr. Joseph A. Ferraro, CEO & Pres (Age 64, Pay $1.71M)
  • Mr. Brian J. Choi, Exec. VP & Chief Financial Officer (Age 38, Pay $172.71k)
  • Ms. Izilda P. Martins, Exec. VP of Americas (Age 50, Pay $918.39k)
  • Mr. Patrick Rankin, Pres of International Region (Age 51, Pay $595.98k)
  • Ms. Cathleen DeGenova, VP & Chief Accounting Officer (Age 59)
  • Mr. David T. Calabria, Treasurer & Sr. VP of Corp. Fin. (Age 46)
  • Mr. Gerard Insall, Chief Information Officer & Exec. VP
  • Ms. Jean M. Sera, Sr. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec. (Age 51)
  • Ms. Vanessa Wolczak, Head of Marketing

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

77 employees have rated Avis Budget Group CEO Joe Ferraro on Glassdoor.com. Joe Ferraro has an approval rating of 68% among Avis Budget Group's employees.

Who are some of Avis Budget Group's key competitors?

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), The 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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.07%), Nomura Holdings Inc. (3.48%), Canada Pension Plan Investment Board (2.78%), Dimensional Fund Advisors LP (1.80%), Morgan Stanley (1.60%) and UBS Asset Management Americas Inc. (1.48%). Company insiders that own Avis Budget Group stock include Anderson Kim, Bernardo Hees, Brian J Choi, Edward P Linnen, F Robert Salerno, Leonard S Coleman Jr, Lynn Krominga, Shon Larry D De and Srs Investment Management, Llc.
View institutional ownership trends for Avis Budget Group
.

Which major investors are selling Avis Budget Group stock?

CAR stock was sold by a variety of institutional investors in the last quarter, including Nomura Holdings Inc., Pzena Investment Management LLC, Glenview Capital Management LLC, Arrowstreet Capital Limited Partnership, Voloridge Investment Management LLC, Weiss Multi Strategy Advisers LLC, AQR Capital Management LLC, and Dimensional Fund Advisors LP. Company insiders that have sold Avis Budget Group company stock in the last year include Edward P Linnen, and Lynn Krominga.
View insider buying and selling activity for Avis Budget Group
or view top insider-selling stocks.

Which major investors are buying Avis Budget Group stock?

CAR stock was acquired by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, UBS Asset Management Americas Inc., Morgan Stanley, BlackRock Inc., Capital Growth Management LP, Point72 Asset Management L.P., Victory Capital Management Inc., and Samlyn Capital LLC. Company insiders that have bought Avis Budget Group stock in the last two years include Bernardo Hees, Brian J Choi, F Robert Salerno, and Srs Investment Management, Llc.
View insider buying and selling activity for Avis Budget Group
or or view top insider-buying stocks.

How do I buy shares of Avis Budget Group?

Shares of CAR 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 $80.86.

How much money does Avis Budget Group make?

Avis Budget Group has a market capitalization of $5.65 billion and generates $5.40 billion in revenue each year. The business services provider earns $-684,000,000.00 in net income (profit) each year or ($6.21) on an earnings per share basis.

How many employees does Avis Budget Group have?

Avis Budget Group employs 20,000 workers across the globe.

What is Avis Budget Group's official website?

The official website for Avis Budget Group is www.avisbudgetgroup.com.

Where are Avis Budget Group's headquarters?

Avis Budget Group is headquartered at 6 SYLVAN WAY, PARSIPPANY NJ, 07054.

How can I contact Avis Budget Group?

Avis Budget Group's mailing address is 6 SYLVAN WAY, PARSIPPANY NJ, 07054. The business services provider can be reached via phone at 973-496-4700 or via email at [email protected]


This page was last updated on 6/20/2021 by MarketBeat.com Staff
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