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NASDAQ:CAR

Avis Budget Group - CAR Stock Forecast, Price & News

$229.21
+16.82 (+7.92%)
(As of 02/7/2023 09:38 AM ET)
Add
Compare
Today's Range
$217.60
$229.60
50-Day Range
$155.70
$224.95
52-Week Range
$131.83
$327.80
Volume
72,959 shs
Average Volume
593,250 shs
Market Capitalization
$9.51 billion
P/E Ratio
4.27
Dividend Yield
N/A
Price Target
$217.75

Avis Budget Group MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
2.5% Upside
$217.75 Price Target
Short Interest
Bearish
12.88% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.31
Upright™ Environmental Score
News Sentiment
0.82mentions of Avis Budget Group in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$9.82 M Sold Last Quarter
Proj. Earnings Growth
-52.56%
From $52.85 to $25.07 Per Share

Overall MarketRank

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

1.68 out of 5 stars

Business Services Sector

268th out of 323 stocks

Automotive Rental & Leasing, Without Drivers Industry

6th 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 licenses 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 leases out vehicles in Europe, the Middle East, Africa, Asia, and Australasia. The company was founded by Warren E. Avis in 1946 and is headquartered in Parsippany, NJ.

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CAR Stock News Headlines

This Stock Could Rebound Quick
It's not often we see a stock with this much potential.
Move Over Lithium – 220 Pounds of Graphite In Every EV Battery
Investors constantly hear that lithium is the key to powering our transition to electric vehicles and clean energy. Truth is, switching from gas-powered isn't possible without massive amounts of graphite. But America hasn't produced any graphite since the 1950s. Now, a little-known exploration company has defined America's largest high-quality graphite deposit near Nome, Alaska.
See More Headlines
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CAR Company Calendar

Last Earnings
11/01/2021
Today
2/07/2023
Next Earnings (Confirmed)
2/13/2023
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
21,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$217.75
High Stock Price Forecast
$270.00
Low Stock Price Forecast
$158.00
Forecasted Upside/Downside
-5.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
8 Analysts

Profitability

Net Income
$1.29 billion
Pretax Margin
31.06%

Debt

Sales & Book Value

Annual Sales
$9.31 billion
Cash Flow
$75.40 per share
Book Value
($3.70) per share

Miscellaneous

Free Float
25,999,000
Market Cap
$9.51 billion
Optionable
Optionable
Beta
2.35

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
  • Ravi Simhambhatla
    Executive VP, Chief Digital & Innovation Officer













CAR Stock - Frequently Asked Questions

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

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.
View CAR analyst ratings
or view top-rated stocks.

What is Avis Budget Group's stock price forecast for 2023?

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.
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 at the beginning of 2023. Since then, CAR stock has increased by 29.6% and is now trading at $212.39.
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, February 13th 2023.
View our CAR earnings forecast
.

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

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".

How were Avis Budget Group's earnings last quarter?

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.

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 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 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.
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 $212.39.

How much money does Avis Budget Group make?

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.

How many employees does Avis Budget Group have?

The company employs 21,000 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 2/7/2023 by MarketBeat.com Staff