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

$180.20
+1.31 (+0.73%)
(As of 12:51 PM ET)
Compare
Today's Range
$179.54
$186.46
50-Day Range
$160.15
$200.44
52-Week Range
$153.55
$251.26
Volume
104,521 shs
Average Volume
502,244 shs
Market Capitalization
$6.53 billion
P/E Ratio
3.95
Dividend Yield
N/A
Price Target
$237.60

Avis Budget Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
31.4% Upside
$237.60 Price Target
Short Interest
Bearish
7.62% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.31
Upright™ Environmental Score
News Sentiment
0.36mentions of Avis Budget Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-38.15%
From $40.18 to $24.85 Per Share

Overall MarketRank

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

1.96 out of 5 stars

Transportation Sector

83rd out of 116 stocks

Automotive Rental & Leasing, Without Drivers Industry

3rd out of 5 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; 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 Stock Price History

CAR Stock News Headlines

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Avis Budget Group: Value Play Or Value Trap?
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Avis Budget Group Inc. Reveals Fall In Q3 Income, but beats estimates
Avis Budget Group Announces Management Realignment
Avis Budget Group Reports Third Quarter Results
See More Headlines
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Company Calendar

Last Earnings
11/02/2023
Today
11/29/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/12/2024

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
$237.60
High Stock Price Target
$275.00
Low Stock Price Target
$195.00
Potential Upside/Downside
+32.8%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$2.76 billion
Pretax Margin
18.88%

Debt

Sales & Book Value

Annual Sales
$11.99 billion
Cash Flow
$131.54 per share
Book Value
($16.88) per share

Miscellaneous

Free Float
18,545,000
Market Cap
$6.48 billion
Optionable
Optionable
Beta
2.45
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CAR Stock Analysis - Frequently Asked Questions

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

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research 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 target for 2024?

5 Wall Street analysts have issued twelve-month target prices for Avis Budget Group's stock. Their CAR share price targets range from $195.00 to $275.00. On average, they predict the company's stock price to reach $237.60 in the next year. This suggests a possible upside of 31.4% 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 at the start of the year. Since then, CAR shares have increased by 10.3% and is now trading at $180.76.
View the best growth stocks for 2023 here
.

Are investors shorting Avis Budget Group?

Avis Budget Group saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 2,690,000 shares, an increase of 8.5% from the October 31st total of 2,480,000 shares. Based on an average daily volume of 475,900 shares, the days-to-cover ratio is currently 5.7 days. Approximately 7.6% of the company's shares 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, February 12th 2024.
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 Thursday, November, 2nd. The business services provider reported $16.78 EPS for the quarter, topping the consensus estimate of $14.54 by $2.24. The business services provider earned $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. Avis Budget Group had a negative trailing twelve-month return on equity of 559.82% and a net margin of 14.95%. The business's revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $21.70 EPS.

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 number of retail and institutional investors. Top institutional investors include FMR LLC (13.65%), Toronto Dominion Bank (1.27%), National Bank of Canada FI (1.06%), Hsbc Holdings PLC (1.00%), Bank of Nova Scotia (0.80%) and Bank of New York Mellon Corp (0.64%). 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.

This page (NASDAQ:CAR) was last updated on 11/29/2023 by MarketBeat.com Staff

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