Avis Budget Group - CAR Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 2 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.
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8 Wall Street analysts have issued 1-year target prices for Avis Budget Group's stock. Their CAR share price forecasts range from $158.00 to $270.00. On average, they expect the company's share price to reach $217.75 in the next year. This suggests a possible upside of 2.5% from the stock's current price.
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Avis Budget Group's stock was trading at $163.93 at the beginning of 2023. Since then, CAR stock has increased by 29.6% and is now trading at $212.39.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 13th 2023.
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Avis Budget Group will be holding an earnings conference call on Tuesday, February 14th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-660-6853 with passcode "13735409".

Avis Budget Group, Inc. (NASDAQ:CAR) released its quarterly earnings results on Monday, November, 1st. The business services provider reported $10.74 EPS for the quarter, topping analysts' consensus estimates of $6.90 by $3.84. The business services provider earned $3 billion during the quarter, compared to the consensus estimate of $2.77 billion. Avis Budget Group had a net margin of 23.09% and a negative trailing twelve-month return on equity of 473.08%. The business's revenue for the quarter was up 95.6% on a year-over-year basis. During the same period last year, the company earned $1.13 earnings per share.

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 number of institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.40%), New York State Teachers Retirement System (0.10%), Retirement Systems of Alabama (0.08%), New York State Common Retirement Fund (0.06%), Comerica Bank (0.05%) and Yousif Capital Management LLC (0.03%). Insiders that own company stock include Bernardo Hees, Brian J Choi, Cathleen Degenova, Edward P Linnen, F Robert Salerno, Glenn Lurie, Izilda P Martins, Jean M Sera, Joseph A Ferraro, Leonard S Coleman Jr, Lynn Krominga, Patrick K Rankin, 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 $212.39.

Avis Budget Group (NASDAQ:CAR) has a market capitalization of $8.81 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.