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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CAR shares.
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6 brokers have issued 1-year price targets 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 stock price to reach $243.00 in the next twelve months. This suggests a possible upside of 33.5% from the stock's current price.
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Avis Budget Group's stock was trading at $163.93 at the beginning of 2023. Since then, CAR stock has increased by 11.0% and is now trading at $182.00.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
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Avis Budget Group, Inc. (NASDAQ:CAR) announced its earnings results on Tuesday, August, 1st. The business services provider reported $11.01 earnings per share for the quarter, topping analysts' consensus estimates of $9.79 by $1.22. The business services provider earned $3.12 billion during the quarter, compared to the consensus estimate of $3.21 billion. Avis Budget Group had a net margin of 18.37% and a negative trailing twelve-month return on equity of 500.85%. Avis Budget Group's revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $15.94 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), 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 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 institutional and retail investors. Top institutional shareholders 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.
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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 $182.00.

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.

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.