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NASDAQ:CAR - Avis Budget Group Stock Price, Forecast & News

$31.52
-0.49 (-1.53 %)
(As of 02/28/2020 01:54 PM ET)
Today's Range
$30.31
Now: $31.53
$33.03
50-Day Range
$32.02
MA: $37.15
$50.34
52-Week Range
$23.86
Now: $31.53
$52.98
Volume1.44 million shs
Average Volume1.53 million shs
Market Capitalization$2.34 billion
P/E Ratio7.86
Dividend YieldN/A
Beta2.06
Avis Budget Group, Inc, together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers worldwide. It operates the Avis brand, a vehicle rental system with approximately 5,500 locations that supply rental cars to the premium commercial and leisure segments of the travel industry; the Budget brand, a vehicle rental and other mobility solutions primarily focuses on the value-conscious segments of the industry; the Zipcar brand, a membership-based car sharing network; and the Budget Truck brand, a local and one-way truck rental businesses with a fleet of approximately 18,000 vehicles, which are rented through a network of approximately 640 dealer-operated and 430 company-operated locations that serve the consumer and light commercial sectors in the continental United States. Read More…

Industry, Sector and Symbol

Industry Automotive rental & leasing, without drivers
Sub-IndustryTrucking
SectorBusiness Services
Current SymbolNASDAQ:CAR
CUSIP05377410
Phone973-496-4700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.17 billion
Cash Flow$40.94 per share
Book Value$8.82 per share

Profitability

Net Income$302 million

Miscellaneous

Employees30,000
Market Cap$2.34 billion
Next Earnings Date5/6/2020 (Estimated)
OptionableOptionable

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Avis Budget Group (NASDAQ:CAR) Frequently Asked Questions

What is Avis Budget Group's stock symbol?

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

How were Avis Budget Group's earnings last quarter?

Avis Budget Group Inc. (NASDAQ:CAR) posted its earnings results on Wednesday, February, 19th. The business services provider reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.23. The business services provider had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.08 billion. Avis Budget Group had a return on equity of 60.29% and a net margin of 3.29%. Avis Budget Group's revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 earnings per share. View Avis Budget Group's Earnings History.

When is Avis Budget Group's next earnings date?

Avis Budget Group is scheduled to release their next quarterly earnings announcement on Wednesday, May 6th 2020. View Earnings Estimates for Avis Budget Group.

What guidance has Avis Budget Group issued on next quarter's earnings?

Avis Budget Group issued an update on its FY20 earnings guidance on Wednesday, February, 19th. The company provided EPS guidance of $3.75-4.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.96. The company issued revenue guidance of $9.4-9.6 billion, compared to the consensus revenue estimate of $9.33 billion.

What price target have analysts set for CAR?

5 analysts have issued 12 month target prices for Avis Budget Group's stock. Their forecasts range from $32.00 to $44.00. On average, they expect Avis Budget Group's share price to reach $36.33 in the next year. This suggests a possible upside of 15.3% from the stock's current price. View Analyst Price Targets for Avis Budget Group.

What is the consensus analysts' recommendation for Avis Budget Group?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Avis Budget Group.

Has Avis Budget Group been receiving favorable news coverage?

Press coverage about CAR stock has trended very negative this week, InfoTrie reports. The research firm scores the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Avis Budget Group earned a news impact score of -3.0 on InfoTrie's scale. They also gave news headlines about the business services provider a news buzz of 0.0 out of 10, meaning that recent news 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.

Are investors shorting Avis Budget Group?

Avis Budget Group saw a decrease in short interest in January. As of January 31st, there was short interest totalling 7,610,000 shares, a decrease of 21.1% from the January 15th total of 9,650,000 shares. Based on an average daily volume of 1,060,000 shares, the days-to-cover ratio is currently 7.2 days. Approximately 10.5% of the shares of the stock are sold short. View Avis Budget Group's Current Options Chain.

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), Bank of America (BAC), Micron Technology (MU), Alibaba Group (BABA), Cisco Systems (CSCO), Walt Disney (DIS), Home Depot (HD), Intel (INTC), Visa (V) and Tesla (TSLA).

Who are Avis Budget Group's key executives?

Avis Budget Group's management team includes the folowing people:
  • Mr. Larry D. De Shon, CEO, Pres, COO & Director (Age 59)
  • Mr. Michael K. Tucker, Exec. VP, Gen. Counsel & Chief Compliance Officer (Age 61)
  • Mr. Martyn Smith, Advisor (Age 62)
  • Mr. Mark J. Servodidio, Pres of International (Age 53)
  • Mr. Joseph A. Ferraro, Pres of Americas (Age 62)

Who are Avis Budget Group's major shareholders?

Avis Budget Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include Pzena Investment Management LLC (6.00%), Renaissance Technologies LLC (4.68%), Lyrical Asset Management LP (4.39%), State Street Corp (2.76%), Jefferies Group LLC (1.36%) and Prudential Financial Inc. (1.21%). Company insiders that own Avis Budget Group stock include Anderson Kim, Bernardo Hees, 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.

Which institutional investors are selling Avis Budget Group stock?

CAR stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, AQR Capital Management LLC, Goldman Sachs Group Inc., Renaissance Technologies LLC, Formula Growth Ltd., Mitsubishi UFJ Trust & Banking Corp, State Street Corp and Ellington Management Group LLC. Company insiders that have sold Avis Budget Group company stock in the last year include Leonard S Coleman Jr, Mark J Servodidio and Shon Larry D De. View Insider Buying and Selling for Avis Budget Group.

Which institutional investors are buying Avis Budget Group stock?

CAR stock was acquired by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, Jefferies Group LLC, Maverick Capital Ltd., Landscape Capital Management L.L.C., UBS Asset Management Americas Inc., KBC Group NV, LSV Asset Management and Marshall Wace LLP. Company insiders that have bought Avis Budget Group stock in the last two years include Bernardo Hees and Srs Investment Management, Llc. View Insider Buying and Selling for Avis Budget Group.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Avis Budget Group's stock price today?

One share of CAR stock can currently be purchased for approximately $31.53.

How big of a company is Avis Budget Group?

Avis Budget Group has a market capitalization of $2.34 billion and generates $9.17 billion in revenue each year. The business services provider earns $302 million in net income (profit) each year or $3.68 on an earnings per share basis. Avis Budget Group employs 30,000 workers across the globe.View Additional Information About Avis Budget Group.

What is Avis Budget Group's official website?

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

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.


MarketBeat Community Rating for Avis Budget Group (NASDAQ CAR)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  224 (Vote Outperform)
Underperform Votes:  276 (Vote Underperform)
Total Votes:  500
MarketBeat's community ratings are surveys of what our community members think about Avis Budget Group and other stocks. Vote "Outperform" if you believe CAR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CAR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/28/2020 by MarketBeat.com Staff

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