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NASDAQ:CARAvis Budget Group Stock Price, Forecast & News

$16.72
+0.16 (+0.97 %)
(As of 05/22/2020 04:00 PM ET)
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Today's Range
$15.52
Now: $16.72
$17.25
50-Day Range
$10.58
MA: $13.60
$17.00
52-Week Range
$6.35
Now: $16.72
$52.98
Volume7.73 million shs
Average Volume8.15 million shs
Market Capitalization$1.16 billion
P/E Ratio5.48
Dividend YieldN/A
Beta2.23
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. The company also operates the Payless brand, which comprises approximately 280 vehicle rental locations; the Apex brand that primarily in the deep-value segment of the car rental industry with approximately 30 rental locations in New Zealand and Australia; and the Maggiore brand that provides vehicle rental services in approximately 140 locations; the France Cars brand, which offers light commercial vehicle fleets with approximately 85 rental locations in France; and Turiscar brand that offers vehicle rental services in approximately 25 locations primarily for the corporate market in Portugal. In addition, it offers optional insurance products and coverages, such as supplemental liability, personal accident, personal effects protection, emergency sickness protection, automobile towing protection, and cargo insurance products; and Business Intelligence solution, an online portal for corporate travel. 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.21 out of 5 stars


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$46.44 per share
Book Value$8.86 per share

Profitability

Net Income$302 million

Miscellaneous

Employees30,000
Market Cap$1.16 billion
Next Earnings Date8/3/2020 (Estimated)
OptionableOptionable

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Avis Budget Group (NASDAQ:CAR) Frequently Asked Questions

How has Avis Budget Group's stock been impacted by COVID-19 (Coronavirus)?

Avis Budget Group's stock was trading at $19.41 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CAR shares have decreased by 13.9% and is now trading at $16.72. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Avis Budget Group?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last year. There are currently 6 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Avis Budget Group.

When is Avis Budget Group's next earnings date?

Avis Budget Group is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Avis Budget Group.

How were Avis Budget Group's earnings last quarter?

Avis Budget Group Inc. (NASDAQ:CAR) issued its earnings results on Monday, May, 4th. The business services provider reported ($1.40) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($1.91) by $0.51. The business services provider had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $770.53 million. Avis Budget Group had a return on equity of 51.68% and a net margin of 2.61%. Avis Budget Group's revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period last year, the company earned $0.79 EPS. View Avis Budget Group's earnings history.

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

Avis Budget Group issued an update on its first quarter 2020 After-Hours earnings guidance on Wednesday, April, 22nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.7-1.8 billion, compared to the consensus revenue estimate of $1.76 billion.

What price target have analysts set for CAR?

7 brokers have issued 1 year target prices for Avis Budget Group's shares. Their forecasts range from $13.00 to $33.00. On average, they expect Avis Budget Group's share price to reach $19.40 in the next twelve months. This suggests a possible upside of 16.0% from the stock's current price. View analysts' price targets for Avis Budget Group.

Has Avis Budget Group been receiving favorable news coverage?

Media headlines about CAR stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Avis Budget Group earned a coverage optimism score of 1.5 on InfoTrie's scale. They also assigned press coverage about the business services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutAvis Budget Group.

Are investors shorting Avis Budget Group?

Avis Budget Group saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 17,030,000 shares, an increase of 6.3% from the April 30th total of 16,020,000 shares. Based on an average daily trading volume, of 5,120,000 shares, the days-to-cover ratio is presently 3.3 days. Approximately 24.9% of the shares of the company are short sold. 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), Alibaba Group (BABA), Walt Disney (DIS), Micron Technology (MU), Bank of America (BAC), Delta Air Lines (DAL), Cisco Systems (CSCO), Netflix (NFLX), Carnival (CCL) and Tesla (TSLA).

Who are Avis Budget Group's key executives?

Avis Budget Group's management team includes the following 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)

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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.86%), Pzena Investment Management LLC (5.51%), Lyrical Asset Management LP (4.28%), AQR Capital Management LLC (3.50%), State Street Corp (2.96%) and Geode Capital Management LLC (1.23%). Company insiders that own Avis Budget Group stock include Anderson Kim, Bernardo Hees, David T Calabria, F Robert Salerno, Leonard S Coleman Jr, Lynn Krominga, Mark J Servodidio, Michael K Tucker, Shon Larry D De and Srs Investment Management, Llc. 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 Pzena Investment Management LLC, Maverick Capital Ltd., Maverick Capital Ltd., BlackRock Inc., Squarepoint Ops LLC, Lyrical Asset Management LP, Morgan Stanley, and Principal Financial Group Inc.. Company insiders that have sold Avis Budget Group company stock in the last year include Leonard S Coleman Jr, and Shon Larry D De. View insider buying and selling activity for Avis Budget Group.

Which institutional investors are buying Avis Budget Group stock?

CAR stock was bought by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Assenagon Asset Management S.A., Prentice Capital Management LP, Whitebox Advisors LLC, Voloridge Investment Management LLC, Two Sigma Investments LP, Cinctive Capital Management LP, and Wells Fargo & Company MN. Company insiders that have bought Avis Budget Group stock in the last two years include Bernardo Hees, F Robert Salerno, and Srs Investment Management, Llc. View insider buying and selling activity 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 $16.72.

How big of a company is Avis Budget Group?

Avis Budget Group has a market capitalization of $1.16 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.

What is Avis Budget Group's official website?

The official website for Avis Budget Group is 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.

This page was last updated on 5/25/2020 by MarketBeat.com Staff

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