Avis Budget Group Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Avis Budget Group stock. 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.
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Wall Street analysts have given Avis Budget Group a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Avis Budget Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Avis Budget Group saw a increase in short interest in the month of August. As of August 13th, there was short interest totaling 9,940,000 shares, an increase of 22.7% from the July 29th total of 8,100,000 shares. Based on an average trading volume of 1,470,000 shares, the days-to-cover ratio is presently 6.8 days. Approximately 15.2% of the shares of the stock are short sold.
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Avis Budget Group is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Avis Budget Group.

Avis Budget Group, Inc. (NASDAQ:CAR) released its quarterly earnings results on Monday, August, 2nd. The business services provider reported $5.90 earnings per share for the quarter, topping the consensus estimate of $1.21 by $4.69. The business services provider had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.08 billion. Avis Budget Group had a net margin of 2.76% and a negative trailing twelve-month return on equity of 385.05%.
View Avis Budget Group's earnings history.

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 stock has increased by 388.0% and is now trading at $94.72.
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5 Wall Street analysts have issued 1-year price objectives for Avis Budget Group's stock. Their forecasts range from $70.00 to $125.00. On average, they expect Avis Budget Group's share price to reach $94.20 in the next twelve months. This suggests that the stock has a possible downside of 0.5%.
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77 employees have rated Avis Budget Group CEO Joe Ferraro on Glassdoor.com. Joe Ferraro has an approval rating of 68% among Avis Budget Group's employees.

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), Saia (SAIA), Landstar System (LSTR), Ryder System (R), Werner Enterprises (WERN), Heartland Express (HTLD), Marten Transport (MRTN) and FRP (FRPH).
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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), The Boeing (BA), NVIDIA (NVDA), Advanced Micro Devices (AMD) and Cisco Systems (CSCO).

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

Avis Budget Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include FMR LLC (14.13%), BlackRock Inc. (10.35%), Vanguard Group Inc. (7.30%), Canada Pension Plan Investment Board (3.25%), Bank of Montreal Can (3.03%) and State Street Corp (2.88%). Company insiders that own Avis Budget Group stock include Anderson Kim, Bernardo Hees, Brian J Choi, Edward P Linnen, F Robert Salerno, Leonard S Coleman Jr, Lynn Krominga, Shon Larry D De, Srs Investment Management, Llc and Veresh Sita.
View institutional ownership trends for Avis Budget Group.

CAR stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Nantahala Capital Management LLC, Parallax Volatility Advisers L.P., State Street Corp, Neuberger Berman Group LLC, Public Sector Pension Investment Board, and UBS Asset Management Americas Inc.. Company insiders that have sold Avis Budget Group company stock in the last year include Edward P Linnen, and Lynn Krominga.
View insider buying and selling activity for Avis Budget Group or view top insider-selling stocks.

CAR stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Royal Bank of Canada, Bank of Montreal Can, Bank of America Corp DE, Canada Pension Plan Investment Board, Marshall Wace LLP, Marshall Wace LLP, and Federated Hermes Inc.. Company insiders that have bought Avis Budget Group stock in the last two years include Bernardo Hees, Brian J Choi, F Robert Salerno, Srs Investment Management, Llc, and Veresh Sita.
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Shares of CAR 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.
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One share of CAR stock can currently be purchased for approximately $94.72.

Avis Budget Group has a market capitalization of $6.30 billion and generates $5.40 billion in revenue each year. The business services provider earns $-684,000,000.00 in net income (profit) each year or ($6.21) on an earnings per share basis.

Avis Budget Group employs 20,000 workers across the globe.

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

Avis Budget Group is headquartered at 6 SYLVAN WAY, PARSIPPANY NJ, 07054.

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 or via email at [email protected].