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

$14.65
-1.77 (-10.78 %)
(As of 03/27/2020 04:00 PM ET)
Today's Range
$14.51
Now: $14.65
$15.74
50-Day Range
$7.78
MA: $29.06
$50.34
52-Week Range
$6.35
Now: $14.65
$52.98
Volume3.23 million shs
Average Volume5.64 million shs
Market Capitalization$1.09 billion
P/E Ratio3.65
Dividend YieldN/A
Beta1.87
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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Avis Budget Group logo

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$41.86 per share
Book Value$8.89 per share

Profitability

Net Income$302 million

Miscellaneous

Employees30,000
Market Cap$1.09 billion
Next Earnings Date5/6/2020 (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 COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CAR shares have decreased by 24.5% and is now trading at $14.65. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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, 4 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 Wednesday, May 6th 2020. View our earnings forecast for Avis Budget Group.

How were Avis Budget Group's earnings last quarter?

Avis Budget Group Inc. (NASDAQ:CAR) posted its quarterly earnings data on Wednesday, February, 19th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.23. The business services provider had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.08 billion. Avis Budget Group had a net margin of 3.29% and a return on equity of 60.29%. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 earnings per share. 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 FY20 earnings guidance on Wednesday, February, 19th. The company provided EPS guidance of $3.75-4.75 for the period, compared to the Thomson Reuters consensus estimate of $3.96. The company issued revenue guidance of $9.4-9.6 billion, compared to the consensus revenue estimate of $9.33 billion.

What price target have analysts set for CAR?

6 brokerages have issued 1-year price targets for Avis Budget Group's stock. Their forecasts range from $11.00 to $44.00. On average, they expect Avis Budget Group's stock price to reach $27.00 in the next year. This suggests a possible upside of 84.3% from the stock's current price. View analysts' price targets for Avis Budget Group.

Has Avis Budget Group been receiving favorable news coverage?

News headlines about CAR stock have trended somewhat positive on Saturday, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Avis Budget Group earned a news impact score of 1.8 on InfoTrie's scale. They also gave media coverage about the business services provider a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutAvis Budget Group.

Are investors shorting Avis Budget Group?

Avis Budget Group saw a increase in short interest in March. As of March 13th, there was short interest totaling 9,572,700 shares, an increase of 35.2% from the February 27th total of 7,080,000 shares. Based on an average trading volume of 3,221,500 shares, the days-to-cover ratio is currently 3.0 days. Currently, 13.1% of the company's shares are sold short. 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), Micron Technology (MU), Bank of America (BAC), Walt Disney (DIS), Cisco Systems (CSCO), Tesla (TSLA), Home Depot (HD), Exxon Mobil (XOM) and Intel (INTC).

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 institutional and retail investors. Top institutional shareholders include Pzena Investment Management LLC (6.00%), Renaissance Technologies LLC (4.68%), Lyrical Asset Management LP (4.39%), State Street Corp (2.76%), Jefferies Group LLC (1.36%) and Prudential Financial Inc. (1.21%). Company insiders that own Avis Budget Group stock include Anderson Kim, Bernardo Hees, David T Calabria, Edward P Linnen, F Robert Salerno, 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.

Which institutional investors are selling Avis Budget Group stock?

CAR stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, AQR Capital Management LLC, Goldman Sachs Group Inc., Renaissance Technologies LLC, Formula Growth Ltd., Mitsubishi UFJ Trust & Banking Corp, State Street Corp, and Ellington Management Group LLC. Company insiders that have sold Avis Budget Group company stock in the last year include Leonard S Coleman Jr, Mark J Servodidio, 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 acquired by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, Jefferies Group LLC, Norges Bank, Maverick Capital Ltd., Landscape Capital Management L.L.C., UBS Asset Management Americas Inc., KBC Group NV, and LSV Asset Management. 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 $14.65.

How big of a company is Avis Budget Group?

Avis Budget Group has a market capitalization of $1.09 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. View additional information about Avis Budget Group.

What is Avis Budget Group's official website?

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


MarketBeat Community Rating for Avis Budget Group (NASDAQ CAR)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  231 (Vote Outperform)
Underperform Votes:  295 (Vote Underperform)
Total Votes:  526
MarketBeat's community ratings are surveys of what our community members think about Avis Budget Group and other stocks. Vote "Outperform" if you believe CAR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CAR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/28/2020 by MarketBeat.com Staff

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