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3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
Why is Russia reopening dormant copper mines? (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
Why is Russia reopening dormant copper mines? (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
China Threat Triggers Potential Mining Boom for Investors (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
Why is Russia reopening dormant copper mines? (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
Why is Russia reopening dormant copper mines? (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
China Threat Triggers Potential Mining Boom for Investors (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
Why is Russia reopening dormant copper mines? (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
Why is Russia reopening dormant copper mines? (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
China Threat Triggers Potential Mining Boom for Investors (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
NASDAQ:CAR

Avis Budget Group - CAR Stock Forecast, Price & News

$196.45
-20.83 (-9.59%)
(As of 12/5/2022 12:00 AM ET)
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Compare
Today's Range
$195.76
$214.88
50-Day Range
$143.58
$243.34
52-Week Range
$131.83
$327.80
Volume
877,714 shs
Average Volume
989,979 shs
Market Capitalization
$8.15 billion
P/E Ratio
3.66
Dividend Yield
N/A
Price Target
$215.33

Avis Budget Group MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
9.6% Upside
$215.33 Price Target
Short Interest
Bearish
13.90% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.31
Upright™ Environmental Score
News Sentiment
-0.21mentions of Avis Budget Group in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$5.27 M Sold Last Quarter
Proj. Earnings Growth
-53.06%
From $52.75 to $24.76 Per Share

Overall MarketRank

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

1.41 out of 5 stars

Business Services Sector

312th out of 325 stocks

Automotive Rental & Leasing, Without Drivers Industry

6th 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

Verra Mobility Stock Has Returned Back to the Station (CAR)
Verra Mobility (NASDAQ: VRRM) is smart mobility technology solutions company that operates three segments: Government Solutions, Commercial & Fleet Services
12 Biggest Leasing Companies in the World
Avis stock plunges despite better-than-expected earnings
Avis Budget Group 3Q Profit Surges -- Earnings Review
Avis Budget Group Inc. Q3 Profit Increases, beats estimates
Preview: Avis Budget Group's Earnings
What's in the Cards for Avis Budget (CAR) in Q3 Earnings?
See More Headlines
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CAR Company Calendar

Last Earnings
10/31/2022
Today
12/05/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/13/2023

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
$215.33
High Stock Price Forecast
$270.00
Low Stock Price Forecast
$158.00
Forecasted Upside/Downside
+9.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
6 Analysts

Profitability

Net Income
$1.29 billion
Pretax Margin
31.06%

Debt

Sales & Book Value

Annual Sales
$9.31 billion
Cash Flow
$63.99 per share
Book Value
($3.70) per share

Miscellaneous

Free Float
25,999,000
Market Cap
$8.15 billion
Optionable
Optionable
Beta
2.23

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
  • 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
  • Mr. Edward P. LinnenMr. Edward P. Linnen (Age 52)
    Chief Human Resource Officer & Exec. VP
  • Ms. Izilda P. Martins (Age 51)
    Exec. VP of Americas













CAR Stock - Frequently Asked Questions

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

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last twelve months. 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.
View CAR analyst ratings
or view top-rated stocks.

What is Avis Budget Group's stock price forecast for 2023?

6 brokers have issued 1-year target prices for Avis Budget Group's shares. Their CAR share price forecasts range from $158.00 to $270.00. On average, they predict the company's stock price to reach $215.33 in the next year. This suggests a possible upside of 9.6% 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 on January 1st, 2022. Since then, CAR shares have decreased by 5.3% and is now trading at $196.45.
View the best growth stocks for 2022 here
.

Are investors shorting Avis Budget Group?

Avis Budget Group saw a increase in short interest in the month of 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 trading volume, of 1,010,000 shares, the days-to-cover ratio is presently 5.6 days. Approximately 13.9% of the company's stock are short sold.
View Avis Budget Group's Short Interest
.

When is Avis Budget Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 13th 2023.
View our CAR earnings forecast
.

How were Avis Budget Group's earnings last quarter?

Avis Budget Group, Inc. (NASDAQ:CAR) posted its earnings results on Monday, October, 31st. The business services provider reported $21.70 earnings per share for the quarter, beating the consensus estimate of $14.80 by $6.90. The business services provider earned $3.55 billion during the quarter, compared to the consensus estimate 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%. Avis Budget Group's quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $10.74 EPS.

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 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 number 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.
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 $196.45.

How much money does Avis Budget Group make?

Avis Budget Group (NASDAQ:CAR) has a market capitalization of $8.15 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.

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 12/6/2022 by MarketBeat.com Staff