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S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
US Dollar Replaced By "Biden Bucks"? (Ad)
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
US Dollar Replaced By "Biden Bucks"? (Ad)
Myanmar executions revive pressure for more sanctions
Stocks higher on Wall Street; economic worries hit oil price
New climate deal spurs hopes of more carbon storage projects
The Incredible Dividend Map... Where Stocks Yield 26% a Year! (Ad)pixel
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
US Dollar Replaced By "Biden Bucks"? (Ad)
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
US Dollar Replaced By "Biden Bucks"? (Ad)
Myanmar executions revive pressure for more sanctions
Stocks higher on Wall Street; economic worries hit oil price
New climate deal spurs hopes of more carbon storage projects
The Incredible Dividend Map... Where Stocks Yield 26% a Year! (Ad)pixel
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
US Dollar Replaced By "Biden Bucks"? (Ad)
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
US Dollar Replaced By "Biden Bucks"? (Ad)
Myanmar executions revive pressure for more sanctions
Stocks higher on Wall Street; economic worries hit oil price
New climate deal spurs hopes of more carbon storage projects
The Incredible Dividend Map... Where Stocks Yield 26% a Year! (Ad)pixel
NASDAQ:CAR

Avis Budget Group - CAR Stock Forecast, Price & News

$189.45
+0.38 (+0.20%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$184.86
$191.29
50-Day Range
$147.08
$194.54
52-Week Range
$85.68
$545.11
Volume
513,375 shs
Average Volume
1.00 million shs
Market Capitalization
$9.11 billion
P/E Ratio
4.46
Dividend Yield
N/A
Price Target
$193.40

Avis Budget Group MarketRank™ Forecast

Analyst Rating
Hold
1.60 Rating Score
Upside/​Downside
2.1% Upside
$193.40 Price Target
Short Interest
Bearish
8.25% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.31
Upright™ Environmental Score
News Sentiment
1.45mentions of Avis Budget Group in the last 14 days
Based on 10 Articles This Week
Insider Trading
Acquiring Shares
$14.79 M Bought Last Quarter
Proj. Earnings Growth
-51.62%
From $46.86 to $22.67 Per Share

Overall MarketRank

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

1.62 out of 5 stars

Business Services Sector

299th out of 332 stocks

Automotive Rental & Leasing, Without Drivers Industry

5th out of 6 stocks

CAR stock logo

About Avis Budget Group (NASDAQ:CAR) Stock

Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 20,000 vehicles, which are rented through a network of approximately 465 dealer-operated and 385 company-operated locations that serve the consumer and light commercial sectors in the continental United States; and the Zipcar brand, a car sharing network. The company also operates various other car rental brands, such as Budget, Payless, Apex, Maggiore, MoriniRent, FranceCars, Amicoblue, Turiscar, and ACL Hire. In addition, it offers optional insurance products and coverages, such as supplemental liability, personal accident, personal effects protection, emergency sickness protection, and automobile towing protection and cargo insurance products; fuel service options, roadside assistance services, electronic toll collection services, curbside delivery, tablet rentals, access to satellite radio, portable navigation units, and child safety seat rentals; automobile towing equipment and other moving accessories, such as hand trucks, furniture pads, and moving supplies; and Business Intelligence solution, an online portal for corporate travel. Avis Budget Group, Inc. operates in approximately 10,400 locations worldwide. 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.

Avis Budget Group Price Performance

CAR Stock traded up $0.38 during midday trading on Monday, reaching $189.45. 513,946 shares of the company were exchanged, compared to its average volume of 1,003,827. The business has a 50-day moving average price of $164.98 and a two-hundred day moving average price of $203.23. Avis Budget Group has a one year low of $85.68 and a one year high of $545.11. The firm has a market capitalization of $9.11 billion, a price-to-earnings ratio of 4.45 and a beta of 2.12.

Avis Budget Group (NASDAQ:CAR - Get Rating) last released its quarterly earnings data on Monday, August 1st. The business services provider reported $15.94 EPS for the quarter, topping analysts' consensus estimates of $11.48 by $4.46. Avis Budget Group had a net margin of 21.02% and a negative return on equity of 477.68%. The firm had revenue of $3.24 billion during the quarter, compared to analysts' expectations of $3.14 billion. During the same period in the previous year, the business posted $5.90 earnings per share. The company's revenue for the quarter was up 36.8% compared to the same quarter last year. As a group, analysts anticipate that Avis Budget Group will post 46.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CAR. StockNews.com downgraded shares of Avis Budget Group from a "buy" rating to a "hold" rating in a report on Thursday, July 14th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Avis Budget Group from $184.00 to $229.00 in a research note on Wednesday, August 3rd. Morgan Stanley raised their target price on shares of Avis Budget Group from $140.00 to $150.00 and gave the company an "underweight" rating in a research note on Thursday, August 4th. Finally, Barclays decreased their target price on shares of Avis Budget Group from $223.00 to $158.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 5th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $193.40.

Insider Activity

In other Avis Budget Group news, Chairman Bernardo Hees bought 26,000 shares of Avis Budget Group stock in a transaction dated Wednesday, May 18th. The stock was bought at an average price of $189.90 per share, with a total value of $4,937,400.00. Following the completion of the transaction, the chairman now owns 422,142 shares in the company, valued at approximately $80,164,765.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Glenn Lurie sold 1,474 shares of the business's stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $178.94, for a total value of $263,757.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Bernardo Hees purchased 26,000 shares of the company's stock in a transaction that occurred on Wednesday, May 18th. The stock was bought at an average cost of $189.90 per share, with a total value of $4,937,400.00. Following the purchase, the chairman now owns 422,142 shares of the company's stock, valued at $80,164,765.80. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 83,734 shares of company stock valued at $14,792,435. 37.30% of the stock is owned by company insiders.

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CAR Stock News Headlines

Best Value Stocks to Buy for August 8th
Avis Budget Group (NASDAQ:CAR) PT Raised to $229.00
Avis Budget Group (NASDAQ:CAR) Trading Down 9%
Why Avis Budget Stock Crashed Today
Avis Budget Group (NASDAQ:CAR) Stock Price Up 9.2%
Avis Budget Group Earnings Preview
See More Headlines
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CAR Company Calendar

Last Earnings
8/01/2022
Today
8/15/2022
Next Earnings (Estimated)
11/07/2022
Fiscal Year End
12/31/2022

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
$193.40
High Stock Price Forecast
$240.00
Low Stock Price Forecast
$150.00
Forecasted Upside/Downside
+2.1%
Consensus Rating
Hold
Rating Score (0-4)
1.60
Research Coverage
5 Analysts

Profitability

Net Income
$1.29 billion
Pretax Margin
28.90%

Debt

Sales & Book Value

Annual Sales
$9.31 billion
Cash Flow
$70.96 per share
Book Value
($3.70) per share

Miscellaneous

Free Float
30,137,000
Market Cap
$9.11 billion
Optionable
Optionable
Beta
2.12














CAR Stock - Frequently Asked Questions

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

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last twelve months. There are currently 2 sell ratings and 3 hold 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.
View CAR analyst ratings
or view top-rated stocks.

What is Avis Budget Group's stock price forecast for 2022?

5 equities research analysts have issued twelve-month price objectives for Avis Budget Group's shares. Their CAR share price forecasts range from $150.00 to $240.00. On average, they anticipate the company's share price to reach $193.40 in the next twelve months. This suggests a possible upside of 2.1% 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 2022?

Avis Budget Group's stock was trading at $207.37 at the beginning of the year. Since then, CAR stock has decreased by 8.6% and is now trading at $189.45.
View the best growth stocks for 2022 here
.

When is Avis Budget Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our CAR earnings forecast
.

How were Avis Budget Group's earnings last quarter?

Avis Budget Group, Inc. (NASDAQ:CAR) released its quarterly earnings results on Monday, August, 1st. The business services provider reported $15.94 EPS for the quarter, topping analysts' consensus estimates of $11.48 by $4.46. The business services provider had revenue of $3.24 billion for the quarter, compared to analysts' expectations of $3.14 billion. Avis Budget Group had a negative trailing twelve-month return on equity of 477.68% and a net margin of 21.02%. The company's revenue was up 36.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.90 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 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).

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 investors include FMR LLC (13.55%), National Bank of Canada FI (1.77%), Bank of Montreal Can (1.30%), Natixis (0.62%), Northern Trust Corp (0.53%) and Principal Financial Group Inc. (0.28%). Insiders that own company stock include Anderson Kim, Bernardo Hees, Brian J Choi, Cathleen Degenova, Edward P Linnen, F Robert Salerno, Glenn Lurie, Jean M Sera, Leonard S Coleman Jr, Lynn Krominga, Patrick K Rankin, Shon Larry D De, 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 $189.45.

How much money does Avis Budget Group make?

Avis Budget Group (NASDAQ:CAR) has a market capitalization of $9.11 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 $42.50 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 8/16/2022 by MarketBeat.com Staff

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