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NASDAQ:CAR

Avis Budget Group (CAR) Stock Forecast, Price & News

$167.79
+4.52 (+2.77%)
(As of 05/31/2023 ET)
Compare
Today's Range
$163.00
$173.64
50-Day Range
$157.79
$195.04
52-Week Range
$131.83
$251.26
Volume
1.14 million shs
Average Volume
510,656 shs
Market Capitalization
$6.67 billion
P/E Ratio
3.04
Dividend Yield
N/A
Price Target
$224.43

Avis Budget Group MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
32.9% Upside
$224.43 Price Target
Short Interest
Healthy
6.22% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.31
Upright™ Environmental Score
News Sentiment
0.77mentions of Avis Budget Group in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-30.48%
From $33.99 to $23.63 Per Share

Overall MarketRank

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

2.30 out of 5 stars

Business Services Sector

151st out of 347 stocks

Automotive Rental & Leasing, Without Drivers Industry

3rd out of 6 stocks


CAR stock logo

About Avis Budget Group (NASDAQ:CAR) Stock

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 includes 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 involves leasing out vehicles in Europe, the Middle East, Africa, Asia, and Australasia. The company was founded in 1946 and is headquartered in Parsippany, NJ.

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CAR Stock News Headlines

Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
Avis Budget Group (NASDAQ:CAR) PT Lowered to $195.00
Avis Budget Group (NASDAQ:CAR) Price Target Cut to $239.00
Q1 2023 Avis Budget Group Inc Earnings Call
8-K: AVIS BUDGET GROUP, INC.
Avis Budget Group (NASDAQ:CAR) Issues Earnings Results
Avis Budget Group Reports First Quarter Results
See More Headlines
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CAR Company Calendar

Last Earnings
5/01/2023
Today
5/31/2023
Next Earnings (Estimated)
8/07/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Automotive rental & leasing, without drivers
Sub-Industry
Trucking
Current Symbol
NASDAQ:CAR
CUSIP
05377410
Employees
24,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$224.43
High Stock Price Forecast
$275.00
Low Stock Price Forecast
$158.00
Forecasted Upside/Downside
+32.1%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$2.76 billion
Pretax Margin
27.54%

Debt

Sales & Book Value

Annual Sales
$11.99 billion
Cash Flow
$139.40 per share
Book Value
($11.09) per share

Miscellaneous

Free Float
20,358,000
Market Cap
$6.65 billion
Optionable
Optionable
Beta
2.31

Key Executives

  • Joseph A. Ferraro
    President & Chief Executive Officer
  • Brian J. ChoiBrian J. Choi
    Chief Financial Officer & Executive Vice President
  • Gerard Insall
    Chief Information Officer & Executive VP
  • Jean M. SeraJean M. Sera
    Secretary, Chief Compliance Officer & Senior VP
  • Ned Linnen
    Chief Human Resources Officer & Executive VP













CAR Stock - Frequently Asked Questions

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

7 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 3 buy ratings for the stock. The consensus among Wall Street 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?

7 Wall Street analysts have issued 12-month price targets for Avis Budget Group's stock. Their CAR share price forecasts range from $158.00 to $275.00. On average, they predict the company's stock price to reach $224.43 in the next twelve months. This suggests a possible upside of 33.8% 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 2023?

Avis Budget Group's stock was trading at $163.93 on January 1st, 2023. Since then, CAR shares have increased by 2.4% and is now trading at $167.79.
View the best growth stocks for 2023 here
.

When is Avis Budget Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our CAR earnings forecast
.

How were Avis Budget Group's earnings last quarter?

Avis Budget Group, Inc. (NASDAQ:CAR) issued its earnings results on Monday, May, 1st. The business services provider reported $7.72 earnings per share for the quarter, beating the consensus estimate of $3.34 by $4.38. The business services provider had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.54 billion. Avis Budget Group had a negative trailing twelve-month return on equity of 448.41% and a net margin of 21.02%. Avis Budget Group's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $9.99 earnings per share.

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 Hertz Global (HTZ), 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 many different institutional and retail investors. Top institutional shareholders include FMR LLC (13.60%), BlackRock Inc. (5.94%), Nomura Holdings Inc. (3.86%), State Street Corp (2.00%), Toronto Dominion Bank (1.67%) and Susquehanna International Group LLP (0.00%). Insiders that own company stock include Bernardo Hees, Brian J Choi, Cathleen Degenova, Edward P Linnen, Glenn Lurie, Izilda P Martins, Jean M Sera, Joseph A Ferraro, Lynn Krominga, Patrick K Rankin, 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 $167.79.

How much money does Avis Budget Group make?

Avis Budget Group (NASDAQ:CAR) has a market capitalization of $6.67 billion and generates $11.99 billion in revenue each year. The business services provider earns $2.76 billion in net income (profit) each year or $55.20 on an earnings per share basis.

How many employees does Avis Budget Group have?

The company employs 24,500 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 5/31/2023 by MarketBeat.com Staff

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