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S&P 500   4,267.52
DOW   33,665.02
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New "Mined in America" Lithium Opportunities? (Ad)
Stock market today: Global shares trade mixed following technology selloff on Wall Street
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New "Mined in America" Lithium Opportunities? (Ad)
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Will MicroVision Maintain Its Momentum After the Short Squeeze?
New "Mined in America" Lithium Opportunities? (Ad)
Apple Partnership Strengthens Unity Software's Investment Appeal
Campbell Soup Company Leads Staples Stocks Into The Buy Zone
S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
10 Best Airline Stocks to Buy
New "Mined in America" Lithium Opportunities? (Ad)
Stock market today: Global shares trade mixed following technology selloff on Wall Street
What is a Growth Stock Mutual Fund?
New "Mined in America" Lithium Opportunities? (Ad)
Ollie’s Bargain Outlet Goes On Sale 
Will MicroVision Maintain Its Momentum After the Short Squeeze?
New "Mined in America" Lithium Opportunities? (Ad)
Apple Partnership Strengthens Unity Software's Investment Appeal
Campbell Soup Company Leads Staples Stocks Into The Buy Zone
S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
10 Best Airline Stocks to Buy
New "Mined in America" Lithium Opportunities? (Ad)
Stock market today: Global shares trade mixed following technology selloff on Wall Street
What is a Growth Stock Mutual Fund?
New "Mined in America" Lithium Opportunities? (Ad)
Ollie’s Bargain Outlet Goes On Sale 
Will MicroVision Maintain Its Momentum After the Short Squeeze?
New "Mined in America" Lithium Opportunities? (Ad)
Apple Partnership Strengthens Unity Software's Investment Appeal
Campbell Soup Company Leads Staples Stocks Into The Buy Zone
NASDAQ:CAR

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

$192.01
+7.41 (+4.01%)
(As of 06/7/2023 ET)
Compare
Today's Range
$185.58
$193.49
50-Day Range
$157.79
$195.04
52-Week Range
$131.83
$251.26
Volume
564,245 shs
Average Volume
348,715 shs
Market Capitalization
$7.63 billion
P/E Ratio
3.48
Dividend Yield
N/A
Price Target
$224.43

Avis Budget Group MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
16.9% Upside
$224.43 Price Target
Short Interest
Healthy
6.22% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.31
Upright™ Environmental Score
News Sentiment
1.09mentions of Avis Budget Group in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-28.91%
From $34.21 to $24.32 Per Share

Overall MarketRank

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

2.02 out of 5 stars

Business Services Sector

181st out of 332 stocks

Automotive Rental & Leasing, Without Drivers Industry

3rd out of 6 stocks


CAR stock logo

About Avis Budget Group (NASDAQ:CAR) Stock

Avis 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.

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CAR Stock News Headlines

The Real Problem With "Made in America" Lithium
Politicians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple.
Graphite Shortage Could Derail the $7 Trillion EV Transition
Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.
Avis Budget Group (NASDAQ:CAR) PT Lowered to $195.00
Avis Budget Group (NASDAQ:CAR) Price Target Cut to $239.00
Q1 2023 Avis Budget Group Inc Earnings Call
8-K: AVIS BUDGET GROUP, INC.
Avis Budget Group (NASDAQ:CAR) Issues Earnings Results
Avis Budget Group Reports First Quarter Results
See More Headlines

CAR Price History

CAR Company Calendar

Last Earnings
5/01/2023
Today
6/08/2023
Next Earnings (Estimated)
8/07/2023
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
$224.43
High Stock Price Forecast
$275.00
Low Stock Price Forecast
$158.00
Forecasted Upside/Downside
+16.9%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$2.76 billion
Pretax Margin
27.54%

Debt

Sales & Book Value

Annual Sales
$11.99 billion
Cash Flow
$148.84 per share
Book Value
($16.88) per share

Miscellaneous

Free Float
20,358,000
Market Cap
$7.63 billion
Optionable
Optionable
Beta
2.34

Key Executives

  • Joseph A. Ferraro
    President & Chief Executive Officer
  • Brian J. ChoiBrian J. Choi
    Chief Financial Officer & Executive Vice President
  • Gerard Insall
    Chief Information Officer & Executive VP
  • Jean M. SeraJean M. Sera
    Secretary, Chief Compliance Officer & Senior VP
  • Ned Linnen
    Chief Human Resources Officer & Executive VP













CAR Stock - Frequently Asked Questions

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

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last twelve months. There are currently 4 hold ratings and 3 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 forecast for 2023?

7 equities research analysts have issued 1 year price objectives for Avis Budget Group's stock. Their CAR share price forecasts range from $158.00 to $275.00. On average, they anticipate the company's share price to reach $224.43 in the next year. This suggests a possible upside of 16.9% 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 beginning of the year. Since then, CAR shares have increased by 17.1% and is now trading at $192.01.
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) announced its quarterly earnings data on Monday, May, 1st. The business services provider reported $7.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $4.38. The business services provider had revenue of $2.56 billion for the quarter, compared to analysts' expectations of $2.54 billion. Avis Budget Group had a negative trailing twelve-month return on equity of 448.41% and a net margin of 21.02%. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $9.99 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).

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 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 $192.01.

How much money does Avis Budget Group make?

Avis Budget Group (NASDAQ:CAR) has a market capitalization of $7.63 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 6/8/2023 by MarketBeat.com Staff

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