S&P 500   4,320.06
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Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
This Stock Could Go Up 66% or More. (Ad)
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Is NVIDIA Leading a "Magnificent Seven Bubble"? (Ad)
Is New IPO Instacart Already Hitting Speed Bumps?
KB Home Price Weakness is a Signal to Buy this Cash Machine
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
This Stock Could Go Up 66% or More. (Ad)
A Tech Stock You've Never Heard Of Just Hit The Rally Button
52-week Low Names To Tip The Upside Scale In Your Favor
Is NVIDIA Leading a "Magnificent Seven Bubble"? (Ad)
Analysts Went All In On These Computer Stocks, Save Your Spot
Things to know about California's new proposed rules for insurance companies
Is NVIDIA Leading a "Magnificent Seven Bubble"? (Ad)
Is New IPO Instacart Already Hitting Speed Bumps?
KB Home Price Weakness is a Signal to Buy this Cash Machine
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
This Stock Could Go Up 66% or More. (Ad)
A Tech Stock You've Never Heard Of Just Hit The Rally Button
52-week Low Names To Tip The Upside Scale In Your Favor
Is NVIDIA Leading a "Magnificent Seven Bubble"? (Ad)
Analysts Went All In On These Computer Stocks, Save Your Spot
Things to know about California's new proposed rules for insurance companies
Is NVIDIA Leading a "Magnificent Seven Bubble"? (Ad)
Is New IPO Instacart Already Hitting Speed Bumps?
KB Home Price Weakness is a Signal to Buy this Cash Machine
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
This Stock Could Go Up 66% or More. (Ad)
A Tech Stock You've Never Heard Of Just Hit The Rally Button
52-week Low Names To Tip The Upside Scale In Your Favor
Is NVIDIA Leading a "Magnificent Seven Bubble"? (Ad)
Analysts Went All In On These Computer Stocks, Save Your Spot
Things to know about California's new proposed rules for insurance companies
Is NVIDIA Leading a "Magnificent Seven Bubble"? (Ad)
Is New IPO Instacart Already Hitting Speed Bumps?
KB Home Price Weakness is a Signal to Buy this Cash Machine
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
1.40mentions of Avis Budget Group in the last 14 days
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


CAR stock logo

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

CAR Stock News Headlines

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.
Avis Budget Group: Ripe For Disruption
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.
Avis Budget Group Reports Second Quarter Results
Avis Budget Group (CAR) Q2 Earnings Top Estimates
Markets Up, Yum China Beats, Avis Mixed
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

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 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

Net Income
$2.76 billion
Pretax Margin
23.78%

Debt

Sales & Book Value

Annual Sales
$11.99 billion
Cash Flow
$130.00 per share
Book Value
($16.88) per share

Miscellaneous

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. FerraroMr. Joseph A. Ferraro (Age 66)
    CEO & Pres
    Comp: $4.81M
  • Mr. Brian J. ChoiMr. Brian J. Choi (Age 40)
    Exec. VP & CFO
    Comp: $1.69M
  • Ms. Izilda P. MartinsMs. 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 DeGenovaMs. Cathleen DeGenova (Age 61)
    VP & Chief Accounting Officer
  • Mr. David T. Calabria (Age 48)
    Treasurer & Sr. VP of Corp. Fin.
  • Ms. Jean M. SeraMs. Jean M. Sera (Age 53)
    Sr. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec.
  • Ms. Vanessa Wolczak
    Head of Marketing
  • Mr. Edward P. LinnenMr. Edward P. Linnen (Age 53)
    Chief Human Resource Officer & Exec. VP













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 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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