NASDAQ:CAR

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

$182.00

-6.56 (-3.48%)

(As of 09/22/2023 ET)

Compare

Today's Range: $180.56
▼
$189.37
50-Day Range: $182.00
▼
$243.05
52-Week Range: $131.83
▼
$251.26

Volume: 528,777 shs
Average Volume: 487,352 shs
Market Capitalization: $7.05 billion

P/E Ratio: 3.60
Dividend Yield: N/A
Price Target: $243.00

Avis Budget Group MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 33.5% Upside
$243.00 Price Target
Short Interest: Bearish
8.29% of Float Sold Short
Dividend Strength: N/A
Sustainability: -3.31
Upright™ Environmental Score
News Sentiment: 1.40
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -29.45%
From $36.87 to $26.01 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.14 out of 5 stars

Transportation Sector

72nd out of 110 stocks

Automotive Rental & Leasing, Without Drivers Industry

3rd out of 5 stocks

3.3

Analyst's Opinion

Consensus Rating
Avis Budget Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $243.00, Avis Budget Group has a forecasted upside of 33.5% from its current price of $182.00.
Amount of Analyst Coverage
Avis Budget Group has only been the subject of 3 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
8.29% of the float of Avis Budget Group has been sold short.
Short Interest Ratio / Days to Cover
Avis Budget Group has a short interest ratio ("days to cover") of 5.9.
Change versus previous month
Short interest in Avis Budget Group has recently increased by 3.64%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Avis Budget Group does not currently pay a dividend.
Dividend Growth
Avis Budget Group does not have a long track record of dividend growth.

1.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Avis Budget Group has received a -6.93% net impact score from Upright. The largest negative impact of Avis Budget in category "GHG emissions" is driven by its "Car rentals", "Car leasing", and "Car-sharing services" products. See details.
Environmental Sustainability
The Environmental Impact score for Avis Budget Group is -3.31.

3.0

News and Social Media Coverage

News Sentiment
Avis Budget Group has a news sentiment score of 1.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Avis Budget Group this week, compared to 5 articles on an average week.
Search Interest
Only 11 people have searched for CAR on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
Only 5 people have added Avis Budget Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Avis Budget Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
37.30% of the stock of Avis Budget Group is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
98.26% of the stock of Avis Budget Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Avis Budget Group are expected to decrease by -29.45% in the coming year, from $36.87 to $26.01 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Avis Budget Group is 3.60, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.65.
Price to Earnings Ratio vs. Sector
The P/E ratio of Avis Budget Group is 3.60, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 12.27.

See Top Rated MarketRank™ Stocks Here

About Avis Budget Group (NASDAQ:CAR) Stock

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; the Budget Truck brand, 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 approximately 415 dealer-operated and 390 company-operated locations that serve the light commercial and consumer 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, Morini Rent, 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 automobile towing 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 customers. 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.

CAR Price History

30 days | 90 days | 365 days | Advanced Chart

CAR Stock News Headlines

September 21, 2023 | finance.yahoo.com

Avis Budget Group (CAR) Stock Moves -1.17%: What You Should Know

September 19, 2023 | finance.yahoo.com

In Honor of Globally Recognized "Car-Free Day," Zipcar Releases New Data about the Impact of Car Sharing on Traffic and Parking Competition in Washington, D.C.

September 23, 2023 | Chaikin Analytics (Ad)

This Stock Could Go Up 66% or More.

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September 19, 2023 | finance.yahoo.com

In Honor of Globally Recognized "Car-Free Day," Zipcar Releases New Data about the Impact of Car Sharing on Traffic and Parking Competition in Boston

September 5, 2023 | finance.yahoo.com

Avis Budget Group (CAR) Stock Moves -0.22%: What You Should Know

September 1, 2023 | finance.yahoo.com

Avis Budget planning new $6.5 million facility near John Glenn International Airport

August 30, 2023 | finance.yahoo.com

Why Is Avis Budget (CAR) Down 3.3% Since Last Earnings Report?

August 28, 2023 | msn.com

Avis Budget Group: Ripe For Disruption

September 23, 2023 | Chaikin Analytics (Ad)

This Stock Could Go Up 66% or More.

Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.

August 16, 2023 | msn.com

No Credit Card? No Car! Avis Budget Fined $275K For Turning Away Customers: Report

August 16, 2023 | finance.yahoo.com

Elon Musk's X Accused Of Slowing Traffic to Sites Criticized By Him, Federal Approval For Coinbase's New Futures Offering, Tower Semiconductor Deal Falls Prey to US-China Tensions: Today's Top Stories

August 15, 2023 | finance.yahoo.com

New York fines Avis Budget for denying car rentals to people who lack credit cards

August 8, 2023 | finance.yahoo.com

Avis Budget (CAR) Q2 Earnings Beat Estimates but Revenues Missed

August 4, 2023 | msn.com

Morgan Stanley Reiterates Avis Budget Group (CAR) Overweight Recommendation

August 2, 2023 | finanznachrichten.de

Avis Budget Group, Inc.: Avis Budget Group Reports Second Quarter Results

August 2, 2023 | msn.com

JP Morgan Maintains Avis Budget Group (CAR) Overweight Recommendation

August 1, 2023 | finance.yahoo.com

Here's What Key Metrics Tell Us About Avis Budget (CAR) Q2 Earnings

August 1, 2023 | finance.yahoo.com

Avis Budget Group Inc (CAR): A High-Performing Stock with a GF Score of 91

July 31, 2023 | msn.com

Avis stock up 3% after rental-car company sees ‘robust’ summer demand

July 31, 2023 | benzinga.com

Avis Budget Group Trading Higher In After Hours Despite Quarterly Sales Miss

July 31, 2023 | markets.businessinsider.com

Avis Budget Group Inc. Reports Retreat In Q2 Bottom Line, but beats estimates

July 31, 2023 | msn.com

Avis Budget gains after posting better-than-feared profit for Q2

July 31, 2023 | finance.yahoo.com

Avis Q2 earnings top estimates, driven by 'robust' summer demand

July 31, 2023 | finance.yahoo.com

Avis Budget Group Reports Second Quarter Results

July 31, 2023 | finance.yahoo.com

Avis Budget Group (CAR) Q2 Earnings Top Estimates

July 31, 2023 | finance.yahoo.com

Markets Up, Yum China Beats, Avis Mixed

July 21, 2023 | finance.yahoo.com

Wall Street Analysts See Avis Budget (CAR) as a Buy: Should You Invest?

See More Headlines

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CAR Company Calendar

Last Earnings: 8/01/2023
Today: 9/22/2023
Next Earnings (Estimated): 10/30/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Automotive rental & leasing, without drivers
Sub-Industry: Trucking
Sector: Transportation
Current Symbol: NASDAQ:CAR
CUSIP: 05377410
CIK: 723612
Web: www.avisbudgetgroup.com
Phone: (973) 496-4700
Fax: 302-636-5454
Employees: 24,500
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $243.00
High Stock Price Forecast: $275.00
Low Stock Price Forecast: $195.00
Forecasted Upside/Downside: +33.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $50.50
Trailing P/E Ratio: 3.60
Forward P/E Ratio: 4.94
P/E Growth: N/A
Net Income: $2.76 billion
Net Margins: 18.37%
Pretax Margin: 23.78%
Return on Equity: -500.85%
Return on Assets: 8.08%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.79
Quick Ratio: 0.79

Sales & Book Value

Annual Sales: $11.99 billion
Price / Sales: 0.59
Cash Flow: $130.00 per share
Price / Cash Flow: 1.40
Book Value: ($16.88) per share
Price / Book: -10.78

Miscellaneous

Outstanding Shares: 38,740,000
Free Float: 24,289,000
Market Cap: $7.05 billion
Optionable: Optionable
Beta: 2.41

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Key Executives

Mr. Bernardo Vieira Hees (Age 53)
Non-Independent Exec. Chairman
Comp: $1.02M

Mr. Joseph A. Ferraro (Age 66)
CEO & Pres
Comp: $4.81M

Mr. Brian J. Choi (Age 40)
Exec. VP & CFO
Comp: $1.69M

Ms. Izilda P. Martins (Age 52)
Exec. VP of Americas
Comp: $1.69M

Mr. Ravindra Simhambhatla (Age 55)
Exec. VP and Chief Digital & Innovation Officer
Comp: $1.02M

Ms. Cathleen DeGenova (Age 61)
VP & Chief Accounting Officer

Mr. David T. Calabria (Age 48)
Treasurer & Sr. VP of Corp. Fin.

Ms. Jean M. Sera (Age 53)
Sr. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec.

Ms. Vanessa Wolczak
Head of Marketing

Mr. Edward P. Linnen (Age 53)
Chief Human Resource Officer & Exec. VP

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CAR Stock - Frequently Asked Questions

Should I buy or sell Avis Budget Group stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last twelve months. 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.
View CAR analyst ratings or view top-rated stocks.
What is Avis Budget Group's stock price forecast for 2023?: 6 brokerages have issued 12 month price targets for Avis Budget Group's stock. Their CAR share price forecasts range from $195.00 to $275.00. On average, they predict the company's share price to reach $243.00 in the next year. This suggests a possible upside of 33.5% 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 2023?: Avis Budget Group's stock was trading at $163.93 on January 1st, 2023. Since then, CAR shares have increased by 11.0% and is now trading at $182.00.
View the best growth stocks for 2023 here.
When is Avis Budget Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our CAR earnings forecast.
How were Avis Budget Group's earnings last quarter?: Avis Budget Group, Inc. (NASDAQ:CAR) announced its quarterly earnings data on Tuesday, August, 1st. The business services provider reported $11.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.79 by $1.22. The business services provider had revenue of $3.12 billion for the quarter, compared to analyst estimates 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%. The business's revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $15.94 earnings per share.
What ETFs hold Avis Budget Group's stock?: 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).
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 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).
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 number of retail and institutional 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.
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 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 $182.00.
How much money does Avis Budget Group make?: 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.
How many employees does Avis Budget Group have?: The company employs 24,500 workers across the globe.
How can I contact Avis Budget Group?: 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.

This page (NASDAQ:CAR) was last updated on 9/23/2023 by MarketBeat.com Staff

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

Avis Budget Group MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Avis Budget Group (NASDAQ:CAR) Stock

CAR Price History

CAR Stock News Headlines

CAR Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

CAR Stock - Frequently Asked Questions

Overall MarketRank^™