NASDAQ:CAR - Avis Budget Group Stock Price, Forecast & News

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

Avis Budget Group Inc. (NASDAQ:CAR) issued its quarterly earnings data on Thursday, October, 31st. The business services provider reported $2.96 EPS for the quarter, missing analysts' consensus estimates 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's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the firm earned $3.33 earnings per share. View Avis Budget Group's Earnings History.

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

Avis Budget Group will be holding an earnings conference call on Wednesday, February 19th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

5 brokers have issued 1-year target prices for Avis Budget Group's stock. Their forecasts range from $31.00 to $33.00. On average, they expect Avis Budget Group's share price to reach $32.00 in the next twelve months. This suggests that the stock has a possible downside of 22.5%. View Analyst Price Targets 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.

Media headlines about CAR stock have been trending negative this week, InfoTrie reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Avis Budget Group earned a news impact score of -2.1 on InfoTrie's scale. They also gave media headlines about the business services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near future. View News Stories for Avis Budget Group.

Avis Budget Group saw a drop in short interest in January. As of January 31st, there was short interest totalling 7,610,000 shares, a drop of 21.1% from the January 15th total of 9,650,000 shares. Based on an average daily trading volume, of 1,060,000 shares, the short-interest ratio is currently 7.2 days. Currently, 10.5% of the shares of the company are short sold. View Avis Budget Group's Current Options Chain.

Some companies that are related to Avis Budget Group include AMERCO (UHAL), FRP (FRPH), Heartland Express (HTLD), Hertz Global (HTZ), J B Hunt Transport Services (JBHT), Knight-Swift Transportation (KNX), Landstar System (LSTR), Marten Transport (MRTN), Old Dominion Freight Line (ODFL), Roadrunner Transportation Systems (RRTS), Ryder System (R), Saia (SAIA) and Werner Enterprises (WERN).

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), Cisco Systems (CSCO), Micron Technology (MU), Home Depot (HD), Exxon Mobil (XOM), Walt Disney (DIS), Visa (V) and Intel (INTC).

Avis Budget Group's stock is owned by many different of institutional and retail investors. Top institutional investors include Pzena Investment Management LLC (6.00%), Renaissance Technologies LLC (4.68%), Lyrical Asset Management LP (4.39%), State Street Corp (2.76%), Jefferies Group LLC (1.36%) and Prudential Financial Inc. (1.21%). Company insiders that own Avis Budget Group stock include Anderson Kim, Bernardo Hees, David T Calabria, Edward P Linnen, John D Jr Hardy, Leonard S Coleman Jr, Lynn Krominga, Mark J Servodidio, Michael K Tucker, Shon Larry D De, Srs Investment Management, Llc and Stender E Sweeney. View Institutional Ownership Trends for Avis Budget Group.

CAR stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, AQR Capital Management LLC, Goldman Sachs Group Inc., Renaissance Technologies LLC, Formula Growth Ltd., Mitsubishi UFJ Trust & Banking Corp, State Street Corp and Ellington Management Group LLC. Company insiders that have sold Avis Budget Group company stock in the last year include Mark J Servodidio, Michael K Tucker and Shon Larry D De. View Insider Buying and Selling for Avis Budget Group.

CAR stock was purchased by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, Jefferies Group LLC, Maverick Capital Ltd., Landscape Capital Management L.L.C., UBS Asset Management Americas Inc., KBC Group NV, LSV Asset Management and Marshall Wace LLP. Company insiders that have bought Avis Budget Group stock in the last two years include Bernardo Hees and Srs Investment Management, Llc. View Insider Buying and Selling for 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.

One share of CAR stock can currently be purchased for approximately $41.30.