NASDAQ:CAR

Avis Budget Group Stock Forecast, Price & News

$79.15
+0.97 (+1.24 %)
(As of 04/16/2021 04:00 PM ET)
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Today's Range
$78.27
Now: $79.15
$79.99
50-Day Range
$53.82
MA: $68.25
$78.18
52-Week Range
$9.44
Now: $79.15
$78.68
Volume830,378 shs
Average Volume1.54 million shs
Market Capitalization$5.53 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.31
Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers. It operates the Avis brand, a vehicle rental system that supply rental cars to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local and one-way truck rental businesses with a fleet of approximately 20,000 vehicles, which are rented through a network of approximately 515 dealer-operated and 410 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 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 10,600 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.
Avis Budget Group logo

Industry, Sector and Symbol

Industry Automotive rental & leasing, without drivers
Sub-IndustryTrucking
Current SymbolNASDAQ:CAR
CUSIP05377410
Phone973-496-4700
Employees15,000
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.17 billion
Cash Flow$94.23 per share
Book Value$8.86 per share

Profitability

Net Income$302 million

Miscellaneous

Market Cap$5.53 billion
Next Earnings Date5/3/2021 (Confirmed)
OptionableOptionable

Headlines

Avis Budget Group (NASDAQ:CAR) Sets New 12-Month High at $76.49
April 5, 2021 |  americanbankingnews.com
Avis Budget Group (NASDAQ:CAR) Shares Down 3.2%
March 31, 2021 |  americanbankingnews.com
Avis Budget Group (NASDAQ:CAR) Hits New 12-Month High at $72.57
March 30, 2021 |  americanbankingnews.com
3 of the Market's Top Stocks Are Too Hot to Handle
March 24, 2021 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

1.29 out of 5 stars

Business Services Sector

159th out of 442 stocks

Automotive Rental & Leasing, Without Drivers Industry

3rd out of 7 stocks

Analyst Opinion: 1.1Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -
$79.15
+0.97 (+1.24 %)
(As of 04/16/2021 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Avis Budget Group (NASDAQ:CAR) Frequently Asked Questions

Is Avis Budget Group a buy right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last year. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Avis Budget Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Avis Budget Group?

Avis Budget Group saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 7,670,000 shares, a drop of 18.7% from the March 15th total of 9,430,000 shares. Based on an average daily volume of 1,590,000 shares, the days-to-cover ratio is currently 4.8 days. Approximately 11.1% 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 Monday, May 3rd 2021.
View our earnings forecast for Avis Budget Group
.

How can I listen to Avis Budget Group's earnings call?

Avis Budget Group will be holding an earnings conference call on Monday, May 3rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Avis Budget Group's earnings last quarter?

Avis Budget Group, Inc. (NASDAQ:CAR) released its earnings results on Monday, February, 15th. The business services provider reported ($0.36) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.04. The business services provider had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.38 billion. Avis Budget Group had a negative trailing twelve-month return on equity of 199.17% and a negative net margin of 7.28%.
View Avis Budget Group's earnings history
.

How has Avis Budget Group's stock 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. Since then, CAR stock has increased by 307.8% and is now trading at $79.15.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for CAR?

5 brokers have issued 1 year price targets for Avis Budget Group's stock. Their forecasts range from $35.00 to $67.00. On average, they anticipate Avis Budget Group's share price to reach $46.40 in the next year. This suggests that the stock has a possible downside of 41.4%.
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:
  • Mr. Joseph A. Ferraro, CEO & Pres (Age 64, Pay $1.88M)
  • Mr. Edward P. Linnen, Chief Human Resource Officer & Exec. VP (Age 51, Pay $957.71k)
  • Mr. Patrick Keith Rankin, Pres of International Region (Age 51, Pay $714.5k)
  • Mr. Bernardo Vieira Hees, Exec. Chairman (Age 51)
  • Mr. Brian J. Choi, Chief Financial Officer (Age 38)
  • Ms. Cathleen DeGenova, VP & Chief Accounting Officer (Age 59)
  • Mr. David T. Calabria, Treasurer & Sr. VP of Corp. Fin. (Age 46)
  • Mr. Gerard Insall, Chief Information Officer & Exec. VP
  • Ms. Jean M. Sera, Sr. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec. (Age 51)
  • Ms. Vanessa Wolczak, Head of Marketing

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 variety of retail and institutional investors. Top institutional shareholders include Retirement Systems of Alabama (0.10%), First Midwest Bank Trust Division (0.03%), Louisiana State Employees Retirement System (0.02%), State of Alaska Department of Revenue (0.01%), Clear Harbor Asset Management LLC (0.01%) and Pacer Advisors Inc. (0.01%). 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, Mark J Servodidio, Shon Larry D De and Srs Investment Management, Llc.
View institutional ownership trends for Avis Budget Group
.

Which major investors are selling Avis Budget Group stock?

CAR stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, First Hawaiian Bank, Clear Harbor Asset Management LLC, Pacer Advisors Inc., State of Alaska Department of Revenue, and NEXT Financial Group Inc.
View insider buying and selling activity for Avis Budget Group
or view top insider-selling stocks.

Which major investors are buying Avis Budget Group stock?

CAR stock was acquired by a variety of institutional investors in the last quarter, including First Midwest Bank Trust Division, Crossmark Global Holdings Inc., Canton Hathaway LLC, Louisiana State Employees Retirement System, and Retirement Systems of Alabama. Company insiders that have bought Avis Budget Group stock in the last two years include Bernardo Hees, Brian J Choi, F Robert Salerno, and Srs Investment Management, Llc.
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 $79.15.

How much money does Avis Budget Group make?

Avis Budget Group has a market capitalization of $5.53 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.

How many employees does Avis Budget Group have?

Avis Budget Group employs 15,000 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 4/17/2021 by MarketBeat.com Staff
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