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) posted its quarterly earnings data on Thursday, October, 31st. The business services provider reported $2.96 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $3.65 by $0.69. The business services provider earned $2.75 billion during the quarter, compared to analyst estimates of $2.84 billion. Avis Budget Group had a return on equity of 66.13% and a net margin of 1.91%. The company's quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.33 earnings per share. 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 will be holding an earnings conference call on Wednesday, February 19th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

5 equities research analysts have issued 12-month price targets for Avis Budget Group's stock. Their forecasts range from $31.00 to $33.00. On average, they anticipate Avis Budget Group's share price to reach $32.00 in the next twelve months. This suggests that the stock has a possible downside of 22.5%. View Analyst Price Targets for Avis Budget Group.

5 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Avis Budget Group.

News headlines about CAR stock have trended somewhat positive this week, InfoTrie Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Avis Budget Group earned a coverage optimism score of 1.8 on InfoTrie's scale. They also assigned news headlines about the business services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Avis Budget Group.

Avis Budget Group saw a decrease in short interest in the month of January. As of January 31st, there was short interest totalling 7,610,000 shares, a decrease of 21.1% from the January 15th total of 9,650,000 shares. Based on an average trading volume of 1,060,000 shares, the short-interest ratio is presently 7.2 days. Approximately 10.5% of the shares of the company 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), Hertz Global (HTZ), Werner Enterprises (WERN), Saia (SAIA), Ryder System (R), 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), Alibaba Group (BABA), Cisco Systems (CSCO), Micron Technology (MU), Home Depot (HD), Exxon Mobil (XOM), Walt Disney (DIS), Visa (V) and Intel (INTC).

Avis Budget Group's stock is owned by a variety of of institutional and retail investors. Top institutional investors 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, 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 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 Mark J Servodidio, Michael K Tucker and Shon Larry D De. View Insider Buying and Selling for Avis Budget Group.

CAR stock was acquired by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, Jefferies Group LLC, Maverick Capital Ltd., Landscape Capital Management L.L.C., UBS Asset Management Americas Inc., KBC Group NV, LSV Asset Management and Marshall Wace LLP. Company insiders that have bought Avis Budget Group stock in the last two years include Bernardo Hees and Srs Investment Management, Llc. 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 $41.30.

Avis Budget Group has a market capitalization of $3.05 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.