Avis Budget Group - CAR Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last year. There are currently 2 sell ratings, 4 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.
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8 brokers have issued 12 month price objectives for Avis Budget Group's shares. Their CAR share price forecasts range from $158.00 to $275.00. On average, they expect the company's share price to reach $227.00 in the next year. This suggests a possible upside of 27.8% 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 8.3% and is now trading at $177.58.
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Avis Budget Group saw a decline in short interest in March. As of March 15th, there was short interest totaling 3,240,000 shares, a decline of 11.7% from the February 28th total of 3,670,000 shares. Based on an average daily volume of 580,600 shares, the days-to-cover ratio is currently 5.6 days. Approximately 8.4% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
View our CAR earnings forecast.

Avis Budget Group, Inc. (NASDAQ:CAR) issued its quarterly earnings data on Tuesday, February, 14th. The business services provider reported $10.46 earnings per share for the quarter, beating analysts' consensus estimates of $6.85 by $3.61. The business services provider earned $2.77 billion during the quarter, compared to the consensus estimate of $2.66 billion. Avis Budget Group had a negative trailing twelve-month return on equity of 395.49% and a net margin of 23.05%. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $7.08 earnings per share.

ETFs with the largest weight of Avis Budget Group (NASDAQ:CAR) stock in their portfolio include AXS Astoria Inflation Sensitive ETF (PPI), SPDR S&P Transportation ETF (XTN), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC), SPDR S&P Kensho Smart Mobility ETF (HAIL), Invesco S&P MidCap 400 Pure Growth ETF (RFG), Global X Guru Index ETF (GURU), LeaderShares AlphaFactor US Core Equity ETF (LSAF) and Invesco S&P MidCap Value with Momentum ETF (XMVM).

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 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).

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

Avis Budget Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Toronto Dominion Bank (1.43%), Susquehanna International Group LLP (0.00%), Renaissance Technologies LLC (1.13%), Two Sigma Advisers LP (0.94%), Dimensional Fund Advisors LP (0.93%) and Geode Capital Management LLC (0.90%). 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.

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 $177.58.

Avis Budget Group (NASDAQ:CAR) has a market capitalization of $7.01 billion and generates $13.01 billion in revenue each year. The business services provider earns $2.76 billion in net income (profit) each year or $57.19 on an earnings per share basis.

The company employs 24,500 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.