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 earnings results on Thursday, October, 31st. The business services provider reported $2.96 earnings per share for the quarter, missing the Zacks' consensus estimate of $3.65 by $0.69. The business services provider had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.84 billion. Avis Budget Group had a return on equity of 66.13% and a net margin of 1.91%. The company's quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $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 updated 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 earnings per share 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.

6 equities research analysts have issued 1 year price targets for Avis Budget Group's stock. Their forecasts range from $31.00 to $35.00. On average, they anticipate Avis Budget Group's share price to reach $32.75 in the next year. This suggests that the stock has a possible downside of 5.2%. View Analyst Price Targets for Avis Budget Group.

6 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 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Avis Budget Group.

News stories about CAR stock have trended extremely negative on Thursday, according to InfoTrie Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Avis Budget Group earned a media sentiment score of -5.0 on InfoTrie's scale. They also gave media stories 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 company's share price in the next few days. View News Stories for Avis Budget Group.

Avis Budget Group saw a increase in short interest in December. As of December 31st, there was short interest totalling 9,650,000 shares, an increase of 8.1% from the December 15th total of 8,930,000 shares. Based on an average trading volume of 1,020,000 shares, the days-to-cover ratio is presently 9.5 days. Currently, 13.3% 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 Old Dominion Freight Line (ODFL), J B Hunt Transport Services (JBHT), AMERCO (UHAL), Knight-Swift Transportation (KNX), Landstar System (LSTR), Ryder System (R), Werner Enterprises (WERN), Saia (SAIA), Hertz Global (HTZ), Heartland Express (HTLD), Marten Transport (MRTN), FRP (FRPH) and Roadrunner Transportation Systems (RRTS).

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), Visa (V), Exxon Mobil (XOM), Intel (INTC) and Starbucks (SBUX).

Avis Budget Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include Meyer Handelman Co. (0.07%), Louisiana State Employees Retirement System (0.02%), State of Alaska Department of Revenue (0.01%), Campbell & CO Investment Adviser LLC (0.01%) and NEXT Financial Group Inc (0.00%). 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, 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 Meyer Handelman Co., Campbell & CO Investment Adviser LLC, State of Alaska Department of Revenue and Louisiana State Employees Retirement System. 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 bought by a variety of institutional investors in the last quarter, including NEXT Financial Group Inc. 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 $34.56.

Avis Budget Group has a market capitalization of $2.55 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.

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

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.