NASDAQ:CAR Avis Budget Group (CAR) Stock Forecast, Price & News $184.60 +8.78 (+4.99%) (As of 06/6/2023 ET) Add Compare Share Share Today's Range$174.73▼$184.7350-Day Range$157.79▼$195.0452-Week Range$131.83▼$251.26Volume484,481 shsAverage Volume507,791 shsMarket Capitalization$7.34 billionP/E Ratio3.34Dividend YieldN/APrice Target$224.43 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Avis Budget Group MarketRank™ ForecastAnalyst RatingHold2.43 Rating ScoreUpside/Downside21.6% Upside$224.43 Price TargetShort InterestHealthy6.22% of Float Sold ShortDividend StrengthN/ASustainability-3.31Upright™ Environmental ScoreNews Sentiment0.92Based on 15 Articles This WeekInsider TradingN/AProj. Earnings Growth-30.37%From $34.21 to $23.82 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.01 out of 5 starsBusiness Services Sector177th out of 323 stocksAutomotive Rental & Leasing, Without Drivers Industry3rd out of 6 stocks 2.2 Analyst's Opinion Consensus RatingAvis Budget Group has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $224.43, Avis Budget Group has a forecasted upside of 21.6% from its current price of $184.60.Amount of Analyst CoverageAvis Budget Group has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted6.22% of the float of Avis Budget Group has been sold short.Short Interest Ratio / Days to CoverAvis Budget Group has a short interest ratio ("days to cover") of 5.2.Change versus previous monthShort interest in Avis Budget Group has recently decreased by 12.04%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldAvis Budget Group does not currently pay a dividend.Dividend GrowthAvis Budget Group does not have a long track record of dividend growth. Previous Next 1.9 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreAvis 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 SustainabilityThe Environmental Impact score for Avis Budget Group is -3.31. Previous Next 2.7 News and Social Media Coverage News SentimentAvis Budget Group has a news sentiment score of 0.92. 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 0.48 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 15 news articles for Avis Budget Group this week, compared to 5 articles on an average week.Search InterestOnly 13 people have searched for CAR on MarketBeat in the last 30 days. This is a decrease of -74% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Avis Budget Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Avis Budget Group insiders have not sold or bought any company stock.Percentage Held by Insiders48.80% 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 Institutions98.31% 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. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Avis Budget Group are expected to decrease by -30.37% in the coming year, from $34.21 to $23.82 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Avis Budget Group is 3.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.45.Price to Earnings Ratio vs. SectorThe P/E ratio of Avis Budget Group is 3.34, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 290.41. Previous Next See Top Rated MarketRank™ Stocks Here About Avis Budget Group (NASDAQ:CAR) StockAvis Budget Group, Inc. engages in the provision of vehicle sharing and rental services. It operates through the Americas and International segments. The Americas segment includes the company's brands to third parties for vehicle rentals and ancillary products and services in North America, South America, Central America, and the Caribbean. The International segment involves leasing out vehicles in Europe, the Middle East, Africa, Asia, and Australasia. The company was founded in 1946 and is headquartered in Parsippany, NJ.Read More Receive CAR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Avis Budget Group and its competitors with MarketBeat's FREE daily newsletter. Email Address CAR Stock News HeadlinesJune 6, 2023 | finance.yahoo.comHere's How Much a $1000 Investment in Avis Budget Group Made 10 Years Ago Would Be Worth TodayJune 6, 2023 | americanbankingnews.comQ2 2023 EPS Estimates for Avis Budget Group, Inc. (NASDAQ:CAR) Boosted by AnalystJune 6, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!June 3, 2023 | finance.yahoo.comAvis Budget Group, Inc. (NASDAQ:CAR) Shares Could Be 50% Below Their Intrinsic Value EstimateJune 2, 2023 | americanbankingnews.comAvis Budget Group, Inc. (NASDAQ:CAR) Receives $221.00 Average Target Price from AnalystsJune 1, 2023 | finance.yahoo.com4 big analyst picks: Avis Budget zooms higher on Deutsche upgradeMay 31, 2023 | finance.yahoo.comHP, Hewlett Packard Enterprise and Goldman Sachs fall premarket; Avis risesMay 31, 2023 | americanbankingnews.comAvis Budget Group (NASDAQ:CAR) Stock Rating Upgraded by Deutsche Bank AktiengesellschaftJune 6, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!May 20, 2023 | americanbankingnews.comQ2 2023 Earnings Estimate for Avis Budget Group, Inc. (NASDAQ:CAR) Issued By Zacks ResearchMay 18, 2023 | americanbankingnews.comAvis Budget Group (NASDAQ:CAR) Receives New Coverage from Analysts at StockNews.comMay 17, 2023 | americanbankingnews.comAvis Budget Group, Inc. (NASDAQ:CAR) Expected to Earn Q3 2023 Earnings of $11.87 Per ShareMay 8, 2023 | americanbankingnews.comAnalysts Set Avis Budget Group, Inc. (NASDAQ:CAR) Price Target at $219.57May 6, 2023 | msn.comMorgan Stanley Upgrades Avis Budget Group (CAR)May 5, 2023 | msn.comAvis Budget rallies after Morgan Stanley turns more constructive with upgrade to Equal-weightMay 5, 2023 | americanbankingnews.comAvis Budget Group (NASDAQ:CAR) Upgraded to Equal Weight by Morgan StanleyMay 5, 2023 | americanbankingnews.comAvis Budget Group (NASDAQ:CAR) PT Lowered to $195.00May 5, 2023 | americanbankingnews.comAvis Budget Group (NASDAQ:CAR) Price Target Cut to $239.00May 4, 2023 | msn.comDeutsche Bank Maintains Avis Budget Group (CAR) Hold RecommendationMay 3, 2023 | msn.comSusquehanna Maintains Avis Budget Group (CAR) Neutral RecommendationMay 3, 2023 | finance.yahoo.comAvis Budget Group First Quarter 2023 Earnings: EPS Beats ExpectationsMay 2, 2023 | finance.yahoo.comQ1 2023 Avis Budget Group Inc Earnings CallMay 2, 2023 | marketwatch.com8-K: AVIS BUDGET GROUP, INC.May 2, 2023 | americanbankingnews.comAvis Budget Group (NASDAQ:CAR) Issues Earnings ResultsMay 2, 2023 | americanbankingnews.comZacks Research Research Analysts Decrease Earnings Estimates for Avis Budget Group, Inc. (NASDAQ:CAR)May 1, 2023 | msn.comAvis’ Q1 profit, revenue top Wall Street expectations on ‘strong demand’ for rental carsMay 1, 2023 | finance.yahoo.comAvis Budget Group Reports First Quarter ResultsSee More Headlines CAR Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CAR Company Calendar Last Earnings5/01/2023Today6/06/2023Next Earnings (Estimated)8/07/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Automotive rental & leasing, without drivers Sub-IndustryTrucking SectorBusiness Services Current SymbolNASDAQ:CAR CUSIP05377410 CIK723612 Webwww.avisbudgetgroup.com Phone(973) 496-4700Fax302-636-5454Employees24,500Year FoundedN/APrice Target and Rating Average Stock Price Forecast$224.43 High Stock Price Forecast$275.00 Low Stock Price Forecast$158.00 Forecasted Upside/Downside+23.0%Consensus RatingHold Rating Score (0-4)2.43 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$55.20 Trailing P/E Ratio3.31 Forward P/E Ratio5.33 P/E GrowthN/ANet Income$2.76 billion Net Margins21.02% Pretax Margin27.54% Return on Equity-448.41% Return on Assets9.85% Debt Debt-to-Equity RatioN/A Current Ratio0.72 Quick Ratio0.72 Sales & Book Value Annual Sales$11.99 billion Price / Sales0.60 Cash Flow$142.53 per share Price / Cash Flow1.28 Book Value($16.88) per share Price / Book-10.81Miscellaneous Outstanding Shares39,760,000Free Float20,358,000Market Cap$7.25 billion OptionableOptionable Beta2.34 Key ExecutivesJoseph A. FerraroPresident & Chief Executive OfficerBrian J. ChoiChief Financial Officer & Executive Vice PresidentGerard InsallChief Information Officer & Executive VPJean M. SeraSecretary, Chief Compliance Officer & Senior VPNed LinnenChief Human Resources Officer & Executive VPKey CompetitorsStantecNYSE:STNFull Truck AllianceNYSE:YMMFTI ConsultingNYSE:FCNCore & MainNYSE:CNMGenpactNYSE:GView All CompetitorsInsiders & InstitutionsOntario Teachers Pension Plan BoardSold 2,004 shares on 6/1/2023Ownership: 0.038%Prelude Capital Management LLCBought 5,242 shares on 6/1/2023Ownership: 0.013%ProShare Advisors LLCSold 103 shares on 5/26/2023Ownership: 0.004%Brandywine Global Investment Management LLCBought 12,956 shares on 5/25/2023Ownership: 0.033%Ameriprise Financial Inc.Sold 1,987 shares on 5/22/2023Ownership: 0.115%View All Insider TransactionsView All Institutional Transactions CAR Stock - 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 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. View CAR analyst ratings or view top-rated stocks. What is Avis Budget Group's stock price forecast for 2023? 7 Wall Street research analysts have issued 1-year target prices for Avis Budget Group's stock. Their CAR share price forecasts range from $158.00 to $275.00. On average, they expect the company's stock price to reach $224.43 in the next year. This suggests a possible upside of 21.6% 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 stock has increased by 12.6% and is now trading at $184.60. 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, August 7th 2023. View our CAR earnings forecast. How were Avis Budget Group's earnings last quarter? Avis Budget Group, Inc. (NASDAQ:CAR) posted its quarterly earnings data 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 analyst estimates of $2.54 billion. Avis Budget Group had a net margin of 21.02% and a negative trailing twelve-month return on equity of 448.41%. The business's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $9.99 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), 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). 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). 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 institutional and retail investors. Top institutional investors 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. 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 $184.60. How much money does Avis Budget Group make? Avis Budget Group (NASDAQ:CAR) has a market capitalization of $7.34 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. 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 6/6/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Avis Budget Group, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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