NASDAQ:CAR - Avis Budget Group Stock Price, Forecast & News

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

Avis Budget Group Inc. (NASDAQ:CAR) released its quarterly earnings results on Thursday, October, 31st. The business services provider reported $2.96 earnings per share for the quarter, missing the consensus estimate of $3.65 by $0.69. The business services provider had revenue of $2.75 billion for the quarter, compared to analysts' expectations of $2.84 billion. Avis Budget Group had a net margin of 1.91% and a return on equity of 66.13%. The business's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.33 EPS. View Avis Budget Group's Earnings History.

Avis Budget Group is scheduled to release their next quarterly earnings announcement on Wednesday, February 19th 2020. View Earnings Estimates for Avis Budget Group.

Avis Budget Group updated its FY19 earnings guidance on Thursday, October, 31st. The company provided earnings per share (EPS) guidance of $3.35-4.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.96. The company issued revenue guidance of $9.0-9.2 billion, compared to the consensus revenue estimate of $9.20 billion.

6 brokers have issued 1 year target prices for Avis Budget Group's shares. Their forecasts range from $31.00 to $35.00. On average, they expect Avis Budget Group's stock price to reach $32.75 in the next twelve months. This suggests that the stock has a possible downside of 6.4%. View Analyst Price Targets for Avis Budget Group.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last year. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Avis Budget Group.

Media coverage about CAR stock has trended somewhat negative recently, InfoTrie reports. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Avis Budget Group earned a coverage optimism score of -1.5 on InfoTrie's scale. They also gave news headlines about the business services provider a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Avis Budget Group.

Avis Budget Group saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 9,650,000 shares, an increase of 8.1% from the December 15th total of 8,930,000 shares. Based on an average daily trading volume, of 1,020,000 shares, the days-to-cover ratio is presently 9.5 days. Approximately 13.3% of the company's stock are short sold. View Avis Budget Group's Current Options Chain.

Some companies that are related to Avis Budget Group include Old Dominion Freight Line (ODFL), J B Hunt Transport Services (JBHT), AMERCO (UHAL), Knight-Swift Transportation (KNX), Landstar System (LSTR), Ryder System (R), Werner Enterprises (WERN), Saia (SAIA), Hertz Global (HTZ), Heartland Express (HTLD), Marten Transport (MRTN), FRP (FRPH) and Roadrunner Transportation Systems (RRTS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Avis Budget Group investors own include Hertz Global (HTZ), Bank of America (BAC), Micron Technology (MU), Alibaba Group (BABA), Cisco Systems (CSCO), Home Depot (HD), Visa (V), Intel (INTC), Starbucks (SBUX) and Walt Disney (DIS).

Avis Budget Group's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Louisiana State Employees Retirement System (0.02%) and State of Alaska Department of Revenue (0.01%). Company insiders that own Avis Budget Group stock include Anderson Kim, David T Calabria, Edward P Linnen, John D Jr Hardy, Leonard S Coleman Jr, Lynn Krominga, Mark J Servodidio, Michael K Tucker, Shon Larry D De, Srs Investment Management, Llc and Stender E Sweeney. View Institutional Ownership Trends for Avis Budget Group.

CAR stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue and Louisiana State Employees Retirement System. Company insiders that have sold Avis Budget Group company stock in the last year include Mark J Servodidio, Michael K Tucker and Shon Larry D De. View Insider Buying and Selling for 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.

One share of CAR stock can currently be purchased for approximately $34.99.

Avis Budget Group has a market capitalization of $2.58 billion and generates $9.12 billion in revenue each year. The business services provider earns $165 million in net income (profit) each year or $3.65 on an earnings per share basis. Avis Budget Group employs 30,000 workers across the globe.View Additional Information About Avis Budget Group.

The official website for Avis Budget Group is http://www.avisbudgetgroup.com/.

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.