NASDAQ:CAR

Avis Budget Group Stock Forecast, Price & News

$94.72
-0.60 (-0.63 %)
(As of 09/20/2021 01:51 PM ET)
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Today's Range
$92.21
$95.57
50-Day Range
$68.74
$98.79
52-Week Range
$25.54
$102.94
Volume32,901 shs
Average Volume1.52 million shs
Market Capitalization$6.30 billion
P/E Ratio37.29
Dividend YieldN/A
Beta2.34
30 days | 90 days | 365 days | Advanced Chart
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Avis Budget Group logo

About Avis Budget Group

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 licenses 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 leases out vehicles in Europe, the Middle East, Africa, Asia, and Australasia. The company was founded by Warren E. Avis in 1946 and is headquartered in Parsippany, NJ.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

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Miscellaneous


MarketRank

Overall MarketRank

1.62 out of 5 stars

Business Services Sector

250th out of 392 stocks

Automotive Rental & Leasing, Without Drivers Industry

4th out of 7 stocks

Analyst Opinion: 1.2Community Rank: 4.0Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Avis Budget Group (NASDAQ:CAR) Frequently Asked Questions

Is Avis Budget Group a buy 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 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Avis Budget Group stock. 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 analyst ratings for Avis Budget Group
or view top-rated stocks.

What stocks does MarketBeat like better than Avis Budget Group?

Wall Street analysts have given Avis Budget Group a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Avis Budget Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Avis Budget Group?

Avis Budget Group saw a increase in short interest in the month of August. As of August 13th, there was short interest totaling 9,940,000 shares, an increase of 22.7% from the July 29th total of 8,100,000 shares. Based on an average trading volume of 1,470,000 shares, the days-to-cover ratio is presently 6.8 days. Approximately 15.2% of the shares of the stock are short sold.
View Avis Budget Group's Short Interest
.

When is Avis Budget Group's next earnings date?

Avis Budget Group is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Avis Budget Group
.

How were Avis Budget Group's earnings last quarter?

Avis Budget Group, Inc. (NASDAQ:CAR) released its quarterly earnings results on Monday, August, 2nd. The business services provider reported $5.90 earnings per share for the quarter, topping the consensus estimate of $1.21 by $4.69. The business services provider had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.08 billion. Avis Budget Group had a net margin of 2.76% and a negative trailing twelve-month return on equity of 385.05%.
View Avis Budget Group's earnings history
.

How has Avis Budget Group's stock price been impacted by COVID-19?

Avis Budget Group's stock was trading at $19.41 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CAR stock has increased by 388.0% and is now trading at $94.72.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for CAR?

5 Wall Street analysts have issued 1-year price objectives for Avis Budget Group's stock. Their forecasts range from $70.00 to $125.00. On average, they expect Avis Budget Group's share price to reach $94.20 in the next twelve months. This suggests that the stock has a possible downside of 0.5%.
View analysts' price targets for Avis Budget Group
or view top-rated stocks among Wall Street analysts.

Who are Avis Budget Group's key executives?

Avis Budget Group's management team includes the following people:
  • Joseph A. Ferraro, President & Chief Executive Officer
  • Brian J. Choi, Chief Financial Officer & Executive Vice President
  • Gerard Insall, Chief Information Officer & Executive VP
  • Jean M. Sera, Secretary, Chief Compliance Officer & Senior VP
  • Ned Linnen, Chief Human Resources Officer & Executive VP

What is Joe Ferraro's approval rating as Avis Budget Group's CEO?

77 employees have rated Avis Budget Group CEO Joe Ferraro on Glassdoor.com. Joe Ferraro has an approval rating of 68% among Avis Budget Group's employees.

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), Tesla (TSLA), Delta Air Lines (DAL), Bank of America (BAC), Micron Technology (MU), Alibaba Group (BABA), The 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 retail and institutional investors. Top institutional shareholders include FMR LLC (14.13%), BlackRock Inc. (10.35%), Vanguard Group Inc. (7.30%), Canada Pension Plan Investment Board (3.25%), Bank of Montreal Can (3.03%) and State Street Corp (2.88%). Company insiders that own Avis Budget Group stock include Anderson Kim, Bernardo Hees, Brian J Choi, Edward P Linnen, F Robert Salerno, Leonard S Coleman Jr, Lynn Krominga, Shon Larry D De, Srs Investment Management, Llc and Veresh Sita.
View institutional ownership trends for Avis Budget Group
.

Which institutional investors are selling Avis Budget Group stock?

CAR stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Nantahala Capital Management LLC, Parallax Volatility Advisers L.P., State Street Corp, Neuberger Berman Group LLC, Public Sector Pension Investment Board, and UBS Asset Management Americas Inc.. Company insiders that have sold Avis Budget Group company stock in the last year include Edward P Linnen, and Lynn Krominga.
View insider buying and selling activity for Avis Budget Group
or view top insider-selling stocks.

Which institutional investors are buying Avis Budget Group stock?

CAR stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Royal Bank of Canada, Bank of Montreal Can, Bank of America Corp DE, Canada Pension Plan Investment Board, Marshall Wace LLP, Marshall Wace LLP, and Federated Hermes Inc.. Company insiders that have bought Avis Budget Group stock in the last two years include Bernardo Hees, Brian J Choi, F Robert Salerno, Srs Investment Management, Llc, and Veresh Sita.
View insider buying and selling activity for Avis Budget Group
or or view top insider-buying stocks.

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 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 $94.72.

How much money does Avis Budget Group make?

Avis Budget Group has a market capitalization of $6.30 billion and generates $5.40 billion in revenue each year. The business services provider earns $-684,000,000.00 in net income (profit) each year or ($6.21) on an earnings per share basis.

How many employees does Avis Budget Group have?

Avis Budget Group employs 20,000 workers across the globe.

What is Avis Budget Group's official website?

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

Where are Avis Budget Group's headquarters?

Avis Budget Group is headquartered at 6 SYLVAN WAY, PARSIPPANY NJ, 07054.

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 or via email at [email protected].


This page was last updated on 9/20/2021 by MarketBeat.com Staff
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