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S&P 500   3,693.23
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QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
The 3-Stock Retirement Blueprint (Ad)
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
China using civilian ships to enhance navy capability, reach
Finally... Some Good News (Ad)pixel
German leader seeks energy deals, alliances on Gulf trip
Saudi Arabia's triumphant week reclaims the West's embrace
Finally... Some Good News (Ad)pixel
5 Monthly Dividends Yielding 7.9% to 18.3%
Kim Kardashian culls Dolce&Gabbana archives for Milan show
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
The 3-Stock Retirement Blueprint (Ad)
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
China using civilian ships to enhance navy capability, reach
Finally... Some Good News (Ad)pixel
German leader seeks energy deals, alliances on Gulf trip
Saudi Arabia's triumphant week reclaims the West's embrace
Finally... Some Good News (Ad)pixel
5 Monthly Dividends Yielding 7.9% to 18.3%
Kim Kardashian culls Dolce&Gabbana archives for Milan show
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
The 3-Stock Retirement Blueprint (Ad)
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
China using civilian ships to enhance navy capability, reach
Finally... Some Good News (Ad)pixel
German leader seeks energy deals, alliances on Gulf trip
Saudi Arabia's triumphant week reclaims the West's embrace
Finally... Some Good News (Ad)pixel
5 Monthly Dividends Yielding 7.9% to 18.3%
Kim Kardashian culls Dolce&Gabbana archives for Milan show
NASDAQ:CAR

Avis Budget Group - CAR Stock Forecast, Price & News

$138.25
-0.70 (-0.50%)
(As of 09/23/2022 12:00 AM ET)
Add
Compare
Today's Range
$131.83
$139.12
50-Day Range
$138.25
$193.91
52-Week Range
$107.47
$545.11
Volume
1.02 million shs
Average Volume
1.16 million shs
Market Capitalization
$6.65 billion
P/E Ratio
3.25
Dividend Yield
N/A
Price Target
$193.40

Avis Budget Group MarketRank™ Forecast

Analyst Rating
Hold
1.60 Rating Score
Upside/​Downside
39.9% Upside
$193.40 Price Target
Short Interest
Bearish
7.17% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.31
Upright™ Environmental Score
News Sentiment
0.27mentions of Avis Budget Group in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$263,758 Sold Last Quarter
Proj. Earnings Growth
-51.77%
From $47.02 to $22.68 Per Share

Overall MarketRank

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

2.07 out of 5 stars

Business Services Sector

183rd out of 329 stocks

Automotive Rental & Leasing, Without Drivers Industry

4th out of 6 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. 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 20,000 vehicles, which are rented through a network of approximately 465 dealer-operated and 385 company-operated locations that serve the consumer and light commercial 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, MoriniRent, 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 travel. Avis Budget Group, Inc. operates in approximately 10,400 locations worldwide. 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.

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CAR Stock News Headlines

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CAR Company Calendar

Last Earnings
8/01/2022
Today
9/25/2022
Next Earnings (Estimated)
11/07/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Automotive rental & leasing, without drivers
Sub-Industry
Trucking
Current Symbol
NASDAQ:CAR
CUSIP
05377410
Employees
21,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$193.40
High Stock Price Forecast
$240.00
Low Stock Price Forecast
$150.00
Forecasted Upside/Downside
+39.9%
Consensus Rating
Hold
Rating Score (0-4)
1.60
Research Coverage
5 Analysts

Profitability

Net Income
$1.29 billion
Pretax Margin
28.90%

Debt

Sales & Book Value

Annual Sales
$9.31 billion
Cash Flow
$70.54 per share
Book Value
($3.70) per share

Miscellaneous

Free Float
30,137,000
Market Cap
$6.65 billion
Optionable
Optionable
Beta
2.13

Key Executives

  • Mr. Bernardo Vieira Hees (Age 52)
    Non-Independent Exec. Chairman
    Comp: $1.51M
  • Mr. Joseph A. Ferraro (Age 65)
    CEO & Pres
    Comp: $3.59M
  • Mr. Brian J. ChoiMr. Brian J. Choi (Age 39)
    Exec. VP & CFO
    Comp: $1.27M
  • Mr. Patrick  RankinMr. Patrick Rankin (Age 52)
    Pres of International
    Comp: $1.46M
  • Ms. Cathleen  DeGenovaMs. Cathleen DeGenova (Age 60)
    VP & Chief Accounting Officer
  • Mr. David T. Calabria (Age 47)
    Treasurer & Sr. VP of Corp. Fin.
  • Mr. Gerard Insall
    Chief Information Officer & Exec. VP
  • Ms. Jean M. SeraMs. Jean M. Sera (Age 52)
    Sr. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec.
  • Ms. Vanessa Wolczak
    Head of Marketing
  • Ms. Beth Kinerk
    Sr. VP of Sales













CAR Stock - Frequently Asked Questions

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

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last year. There are currently 2 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street equities 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 2022?

5 brokerages have issued 1-year target prices for Avis Budget Group's shares. Their CAR share price forecasts range from $150.00 to $240.00. On average, they anticipate the company's stock price to reach $193.40 in the next year. This suggests a possible upside of 39.9% 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 2022?

Avis Budget Group's stock was trading at $207.37 at the start of the year. Since then, CAR shares have decreased by 33.3% and is now trading at $138.25.
View the best growth stocks for 2022 here
.

When is Avis Budget Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our CAR earnings forecast
.

How were Avis Budget Group's earnings last quarter?

Avis Budget Group, Inc. (NASDAQ:CAR) released its quarterly earnings data on Monday, August, 1st. The business services provider reported $15.94 EPS for the quarter, beating the consensus estimate of $12.22 by $3.72. The business services provider earned $3.24 billion during the quarter, compared to analyst estimates of $3.14 billion. Avis Budget Group had a net margin of 21.02% and a negative trailing twelve-month return on equity of 477.68%. The company's quarterly revenue was up 36.8% on a year-over-year basis. During the same period in the previous year, the business posted $5.90 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 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 variety of institutional and retail investors. Top institutional investors include FMR LLC (13.55%), State Street Corp (2.07%), National Bank of Canada FI (1.77%), Bank of Montreal Can (1.30%), Natixis (0.62%) and Northern Trust Corp (0.53%). Insiders that own company stock include Anderson Kim, Bernardo Hees, Brian J Choi, Cathleen Degenova, Edward P Linnen, F Robert Salerno, Glenn Lurie, Jean M Sera, Leonard S Coleman Jr, Lynn Krominga, Patrick K Rankin, Shon Larry D De, 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 $138.25.

How much money does Avis Budget Group make?

Avis Budget Group (NASDAQ:CAR) has a market capitalization of $6.65 billion and generates $9.31 billion in revenue each year. The business services provider earns $1.29 billion in net income (profit) each year or $42.50 on an earnings per share basis.

How many employees does Avis Budget Group have?

The company employs 21,000 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 9/25/2022 by MarketBeat.com Staff

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