Avis Budget Group - CAR Stock Forecast, Price & News

6 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, 2 hold ratings and 2 buy 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.
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6 brokers have issued twelve-month price targets for Avis Budget Group's shares. Their CAR share price forecasts range from $158.00 to $270.00. On average, they anticipate the company's stock price to reach $215.33 in the next year. This suggests that the stock has a possible downside of 4.3%.
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Avis Budget Group's stock was trading at $207.37 on January 1st, 2022. Since then, CAR stock has increased by 8.5% and is now trading at $224.95.
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Avis Budget Group saw a increase in short interest in November. As of November 15th, there was short interest totaling 5,650,000 shares, an increase of 14.6% from the October 31st total of 4,930,000 shares. Based on an average daily volume of 1,010,000 shares, the days-to-cover ratio is presently 5.6 days. Currently, 13.9% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 13th 2023.
View our CAR earnings forecast.

Avis Budget Group, Inc. (NASDAQ:CAR) announced its quarterly earnings results on Monday, October, 31st. The business services provider reported $21.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.80 by $6.90. The business services provider had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.54 billion. Avis Budget Group had a negative trailing twelve-month return on equity of 473.08% and a net margin of 23.09%. The company's revenue was up 18.2% on a year-over-year basis. During the same period last year, the firm earned $10.74 EPS.

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.

Based on aggregate information from My MarketBeat watchlists, some companies that other Avis Budget Group investors own include 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).

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

Avis Budget Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (6.57%), State Street Corp (2.18%), Citadel Advisors LLC (0.00%), Two Sigma Advisers LP (1.07%), Dimensional Fund Advisors LP (1.02%) and Bank of New York Mellon Corp (0.78%). Insiders that own company stock include 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.
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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.
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One share of CAR stock can currently be purchased for approximately $224.95.

Avis Budget Group (NASDAQ:CAR) has a market capitalization of $9.33 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 $53.72 on an earnings per share basis.

The company employs 21,000 workers across the globe.

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.