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NASDAQ:CAR

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

$111.60
+7.34 (+7.04%)
(As of 06/12/2024 ET)
Today's Range
$107.35
$113.73
50-Day Range
$94.75
$127.91
52-Week Range
$93.53
$244.95
Volume
933,000 shs
Average Volume
783,183 shs
Market Capitalization
$3.98 billion
P/E Ratio
3.52
Dividend Yield
N/A
Price Target
$164.57

Avis Budget Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
47.5% Upside
$164.57 Price Target
Short Interest
Healthy
8.91% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.31
Upright™ Environmental Score
News Sentiment
1.12mentions of Avis Budget Group in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
33.97%
From $12.48 to $16.72 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.94 out of 5 stars

Transportation Sector

5th out of 114 stocks

Automotive Rental & Leasing, Without Drivers Industry

1st out of 4 stocks

CAR stock logo

About Avis Budget Group Stock (NASDAQ:CAR)

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; and the Zipcar brand, a car sharing network, as well as the Budget brand, a supplier of vehicle rental and other mobility solutions focused primarily on more value-conscious customers comprising Budget car rental, and Budget Truck, 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 dealer-operated and company-operated locations that serve the light commercial and consumer sectors in the continental United States. The company also operates various other car rental brands, such as Payless, Apex, Maggiore, Morini Rent, FranceCars, AmicoBlu, Turiscar, and ACL Hire and McNicoll Hire, as well as TurisPrime and RubyCa. In addition, it offers optional insurance products and coverages, such as supplemental liability, personal accident, personal effects protection, emergency sickness protection, automobile towing protection, and cargo insurance products; fuel service options, roadside assistance services, electronic toll collection services; and access to satellite radio, mobile WiFi devices, GPS navigation, and child safety seat rentals; automobile towing equipment and other moving accessories, such as hand trucks, furniture pads, and moving supplies; and Avis Budget Group Business Intelligence, an online portal complete with rental summary dashboards, visualizations, and detailed reports. 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 based in Parsippany, New Jersey.

CAR Stock Price History

CAR Stock News Headlines

Avis Budget Group Reports First Quarter Results
CAR Avis Budget Group, Inc.
Avis Budget Group Inc
CAR May 2024 110.000 call
See More Headlines
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Company Calendar

Last Earnings
5/01/2024
Today
6/12/2024
Next Earnings (Estimated)
7/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Automotive rental & leasing, without drivers
Sub-Industry
Trucking
Current Symbol
NASDAQ:CAR
CUSIP
05377410
Employees
24,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$164.57
High Stock Price Target
$240.00
Low Stock Price Target
$117.00
Potential Upside/Downside
+47.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
$1.63 billion
Pretax Margin
11.46%

Debt

Sales & Book Value

Annual Sales
$12.01 billion
Cash Flow
$146.84 per share
Book Value
($9.47) per share

Miscellaneous

Free Float
17,111,000
Market Cap
$3.98 billion
Optionable
Optionable
Beta
2.26
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CAR Stock Analysis - Frequently Asked Questions

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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

7 Wall Street research analysts have issued 1 year price objectives for Avis Budget Group's shares. Their CAR share price targets range from $117.00 to $240.00. On average, they predict the company's share price to reach $164.57 in the next year. This suggests a possible upside of 47.5% 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 2024?

Avis Budget Group's stock was trading at $177.26 on January 1st, 2024. Since then, CAR shares have decreased by 37.0% and is now trading at $111.60.
View the best growth stocks for 2024 here
.

Are investors shorting Avis Budget Group?

Avis Budget Group saw a drop in short interest in May. As of May 31st, there was short interest totaling 3,080,000 shares, a drop of 13.2% from the May 15th total of 3,550,000 shares. Based on an average trading volume of 716,700 shares, the days-to-cover ratio is presently 4.3 days. Approximately 8.9% of the shares of the company are short sold.
View Avis Budget Group's Short Interest
.

When is Avis Budget Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, July 29th 2024.
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 Wednesday, May, 1st. The business services provider reported ($3.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.65) by $0.56. The business services provider earned $2.55 billion during the quarter, compared to the consensus estimate of $2.41 billion. Avis Budget Group had a negative trailing twelve-month return on equity of 480.48% and a net margin of 10.05%. The business's revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.72 EPS.

How often does Avis Budget Group pay dividends? What is the dividend yield for Avis Budget Group?

Avis Budget Group declared a special dividend on Tuesday, December 5th. Shareholders of record on Friday, December 15th will be paid a dividend of $10.00 per share on Thursday, December 21st. The ex-dividend date is Thursday, December 14th.
Read our dividend analysis for CAR
.

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 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).

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 Vanguard Group Inc. (4.98%), Natixis (0.28%), Principal Financial Group Inc. (0.20%), Susquehanna Fundamental Investments LLC (0.12%), Walleye Trading LLC (0.00%) and Swiss National Bank (0.10%). Insiders that own company stock include Bernardo Hees, Cathleen Degenova, Edward P Linnen, Glenn Lurie, Izilda P Martins, Jean M Sera, Joseph A Ferraro, Lynn Krominga and Patrick K Rankin.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CAR) was last updated on 6/13/2024 by MarketBeat.com Staff

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