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

$29.80
-1.20 (-3.87 %)
(As of 11/13/2019 04:00 PM ET)
Today's Range
$29.18
Now: $29.80
$30.74
50-Day Range
$25.74
MA: $28.57
$31.00
52-Week Range
$21.63
Now: $29.80
$37.27
Volume1.47 million shs
Average Volume1.32 million shs
Market Capitalization$2.20 billion
P/E Ratio8.16
Dividend YieldN/A
Beta2.09
Avis Budget Group, Inc, together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers worldwide. It operates the Avis brand, a vehicle rental system with approximately 5,500 locations that supply rental cars to the premium commercial and leisure segments of the travel industry; the Budget brand, a vehicle rental and other mobility solutions primarily focuses on the value-conscious segments of the industry; the Zipcar brand, a membership-based car sharing network; and the Budget Truck brand, a local and one-way truck rental businesses with a fleet of approximately 18,000 vehicles, which are rented through a network of approximately 640 dealer-operated and 430 company-operated locations that serve the consumer and light commercial sectors in the continental United States. Read More…

Industry, Sector and Symbol

Industry Automotive rental & leasing, without drivers
Sub-IndustryTrucking
SectorBusiness Services
Current SymbolNASDAQ:CAR
CUSIP05377410
Phone973-496-4700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.12 billion
Cash Flow$32.04 per share
Book Value$5.35 per share

Profitability

Net Income$165 million

Miscellaneous

Employees30,000
Market Cap$2.20 billion
Next Earnings Date2/19/2020 (Estimated)
OptionableOptionable

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Avis Budget Group (NASDAQ:CAR) Frequently Asked Questions

What is Avis Budget Group's stock symbol?

Avis Budget Group trades on the NASDAQ under the ticker symbol "CAR."

How were Avis Budget Group's earnings last quarter?

Avis Budget Group Inc. (NASDAQ:CAR) issued its quarterly earnings results on Thursday, October, 31st. The business services provider reported $2.96 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $3.65 by $0.69. The business services provider had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.84 billion. Avis Budget Group had a return on equity of 66.13% and a net margin of 1.91%. Avis Budget Group's revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.33 earnings per share. View Avis Budget Group's Earnings History.

When is Avis Budget Group's next earnings date?

Avis Budget Group is scheduled to release their next quarterly earnings announcement on Wednesday, February 19th 2020. View Earnings Estimates for Avis Budget Group.

What guidance has Avis Budget Group issued on next quarter's earnings?

Avis Budget Group issued an update on its FY19 earnings guidance on Thursday, October, 31st. The company provided EPS guidance of $3.35-4.20 for the period, compared to the Thomson Reuters consensus estimate of $3.96. The company issued revenue guidance of $9.0-9.2 billion, compared to the consensus revenue estimate of $9.20 billion.

What price target have analysts set for CAR?

5 brokerages have issued 12 month price targets for Avis Budget Group's shares. Their forecasts range from $31.00 to $35.00. On average, they expect Avis Budget Group's share price to reach $32.75 in the next twelve months. This suggests a possible upside of 9.9% from the stock's current price. View Analyst Price Targets for Avis Budget Group.

What is the consensus analysts' recommendation for Avis Budget Group?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last year. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Avis Budget Group.

Has Avis Budget Group been receiving favorable news coverage?

Media stories about CAR stock have trended neutral this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Avis Budget Group earned a daily sentiment score of 0.4 on InfoTrie's scale. They also gave press coverage about the business services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Avis Budget Group.

Are investors shorting Avis Budget Group?

Avis Budget Group saw a increase in short interest during the month of October. As of October 15th, there was short interest totalling 7,410,000 shares, an increase of 7.5% from the September 15th total of 6,890,000 shares. Based on an average trading volume of 1,100,000 shares, the days-to-cover ratio is currently 6.7 days. Currently, 9.9% of the shares of the company are sold short. View Avis Budget Group's Current Options Chain.

Who are some of Avis Budget Group's key competitors?

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), Bank of America (BAC), Alibaba Group (BABA), Micron Technology (MU), Home Depot (HD), Cisco Systems (CSCO), Visa (V), Intel (INTC), Netflix (NFLX) and Walt Disney (DIS).

Who are Avis Budget Group's key executives?

Avis Budget Group's management team includes the folowing people:
  • Mr. Larry D. De Shon, CEO, Pres, COO & Director (Age 59)
  • Mr. Michael K. Tucker, Exec. VP, Gen. Counsel & Chief Compliance Officer (Age 61)
  • Mr. Martyn Smith, Advisor (Age 62)
  • Mr. Mark J. Servodidio, Pres of International (Age 53)
  • Mr. Joseph A. Ferraro, Pres of Americas (Age 62)

Who are Avis Budget Group's major shareholders?

Avis Budget Group's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Rhumbline Advisers (0.23%), California Public Employees Retirement System (0.21%), Retirement Systems of Alabama (0.10%), State of New Jersey Common Pension Fund D (0.08%), CNA Financial Corp (0.06%) and Texas Permanent School Fund (0.05%). Company insiders that own Avis Budget Group stock include Anderson Kim, David T Calabria, Edward P Linnen, John D Jr Hardy, Leonard S Coleman Jr, Lynn Krominga, Mark J Servodidio, Michael K Tucker, Ronald L Nelson, Srs Investment Management, Llc, Stender E Sweeney and W Scott Deaver. View Institutional Ownership Trends for Avis Budget Group.

Which major investors are selling Avis Budget Group stock?

CAR stock was sold by a variety of institutional investors in the last quarter, including Rhumbline Advisers, Retirement Systems of Alabama, James Investment Research Inc., Texas Permanent School Fund, Mason Street Advisors LLC, Comerica Bank, Louisiana State Employees Retirement System and State of Michigan Retirement System. Company insiders that have sold Avis Budget Group company stock in the last year include David T Calabria, Mark J Servodidio and Michael K Tucker. View Insider Buying and Selling for Avis Budget Group.

Which major investors are buying Avis Budget Group stock?

CAR stock was purchased by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, California Public Employees Retirement System, State of Alaska Department of Revenue, Campbell & CO Investment Adviser LLC, CNA Financial Corp, Russell Investments Group Ltd., Strs Ohio and First Hawaiian Bank. View Insider Buying and Selling for Avis Budget Group.

How do I buy shares of Avis Budget Group?

Shares of CAR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Avis Budget Group's stock price today?

One share of CAR stock can currently be purchased for approximately $29.80.

How big of a company is Avis Budget Group?

Avis Budget Group has a market capitalization of $2.20 billion and generates $9.12 billion in revenue each year. The business services provider earns $165 million in net income (profit) each year or $3.65 on an earnings per share basis. Avis Budget Group employs 30,000 workers across the globe.View Additional Information About Avis Budget Group.

What is Avis Budget Group's official website?

The official website for Avis Budget Group is http://www.avisbudgetgroup.com/.

How can I contact Avis Budget Group?

Avis Budget Group's mailing address is 6 SYLVAN WAY, PARSIPPANY NJ, 07054. The business services provider can be reached via phone at 973-496-4700.


MarketBeat Community Rating for Avis Budget Group (NASDAQ CAR)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  203 (Vote Outperform)
Underperform Votes:  252 (Vote Underperform)
Total Votes:  455
MarketBeat's community ratings are surveys of what our community members think about Avis Budget Group and other stocks. Vote "Outperform" if you believe CAR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CAR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/13/2019 by MarketBeat.com Staff

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