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S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
See how to make money instead of spending it on Black Friday with this offer (Ad)
Sober or bright? Europe faces holidays during energy crunch
Biden eases Venezuela sanctions as opposition talks resume
See how to make money instead of spending it on Black Friday with this offer (Ad)
Whole Foods decision to pull lobster divides enviros, pols
Railway workers in Austria to strike Monday in pay standoff
See how to make money instead of spending it on Black Friday with this offer (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
See how to make money instead of spending it on Black Friday with this offer (Ad)
Sober or bright? Europe faces holidays during energy crunch
Biden eases Venezuela sanctions as opposition talks resume
See how to make money instead of spending it on Black Friday with this offer (Ad)
Whole Foods decision to pull lobster divides enviros, pols
Railway workers in Austria to strike Monday in pay standoff
See how to make money instead of spending it on Black Friday with this offer (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
See how to make money instead of spending it on Black Friday with this offer (Ad)
Sober or bright? Europe faces holidays during energy crunch
Biden eases Venezuela sanctions as opposition talks resume
See how to make money instead of spending it on Black Friday with this offer (Ad)
Whole Foods decision to pull lobster divides enviros, pols
Railway workers in Austria to strike Monday in pay standoff
See how to make money instead of spending it on Black Friday with this offer (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
NASDAQ:CAR

Avis Budget Group - CAR Stock Forecast, Price & News

$223.96
+1.17 (+0.53%)
(As of 11/25/2022 12:00 AM ET)
Add
Compare
Today's Range
$219.70
▼
$224.64
50-Day Range
$138.25
▼
$243.34
52-Week Range
$131.83
▼
$327.80
Volume
204,981 shs
Average Volume
711,892 shs
Market Capitalization
$9.29 billion
P/E Ratio
4.17
Dividend Yield
N/A
Price Target
$215.33

Avis Budget Group MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
3.9% Downside
$215.33 Price Target
Short Interest
Bearish
12.13% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.31
Upright™ Environmental Score
News Sentiment
0.40mentions of Avis Budget Group in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$5.27 M Sold Last Quarter
Proj. Earnings Growth
-53.06%
From $52.75 to $24.76 Per Share

Overall MarketRank™

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

1.65 out of 5 stars

Business Services Sector

296th out of 329 stocks

Automotive Rental & Leasing, Without Drivers Industry

6th out of 6 stocks

See Top Rated MarketRank™ Stocks Here
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.

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CAR Stock News Headlines

November 14, 2022 | marketbeat.com
Verra Mobility Stock Has Returned Back to the Station (CAR)
Verra Mobility (NASDAQ: VRRM) is smart mobility technology solutions company that operates three segments: Government Solutions, Commercial & Fleet Services
November 25, 2022 | finance.yahoo.com
Avis Budget Group, IBD Stock Of The Day, Takes Tight Road Toward Buy Point
November 21, 2022 | finance.yahoo.com
Are Business Services Stocks Lagging Avis Budget Group (CAR) This Year?
November 19, 2022 | americanbankingnews.com
Avis Budget Group (NASDAQ:CAR) Shares Down 5.1%
November 17, 2022 | finance.yahoo.com
Insiders of Avis Budget Group, Inc. (NASDAQ:CAR) are up 34% on their US$15m purchase after Avis Budget Group, Inc. (NASDAQ:CAR) rose 5.8% last week
November 16, 2022 | finance.yahoo.com
12 Biggest Leasing Companies in the World
November 11, 2022 | finance.yahoo.com
Can Avis Budget (CAR) Run Higher on Rising Earnings Estimates?
November 1, 2022 | finanznachrichten.de
Avis Budget Group, Inc.: Avis Budget Group Reports Record Third Quarter Results
November 1, 2022 | msn.com
What's Going On With Avis Budget Group Stock?
November 1, 2022 | finance.yahoo.com
Avis stock plunges despite better-than-expected earnings
November 1, 2022 | marketwatch.com
Avis Budget Group 3Q Profit Surges -- Earnings Review
November 1, 2022 | msn.com
Avis Budget stock rallies 6% after company's Q3 earnings top views
November 1, 2022 | markets.businessinsider.com
Avis Budget Group Inc. Q3 Profit Increases, beats estimates
November 1, 2022 | msn.com
Avis Budget Group (CAR) Beats Q3 Earnings and Revenue Estimates
November 1, 2022 | seekingalpha.com
Avis Budget rallies after record-setting quarter, peer Hertz gains as well
November 1, 2022 | finance.yahoo.com
It's No Trick, All Treat for These 2 Stocks on Halloween Night
October 31, 2022 | marketwatch.com
Avis Budget Group Expected to Post Higher Sales -- Earnings Preview
October 28, 2022 | msn.com
Preview: Avis Budget Group's Earnings
October 27, 2022 | finance.yahoo.com
APi (APG) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
October 25, 2022 | finance.yahoo.com
What's in the Cards for Avis Budget (CAR) in Q3 Earnings?
October 25, 2022 | seekingalpha.com
Why did Avis Budget stock soar today? J.P. Morgan issued a bull call
October 24, 2022 | seekingalpha.com
Avis Budget rallies after J.P. Morgan turns bullish on growth potential
October 11, 2022 | finance.yahoo.com
Here's Why Investors Should Retain Avis Budget (CAR) Now
October 10, 2022 | finance.yahoo.com
Avis Budget Group's (NASDAQ:CAR) 84% CAGR outpaced the company's earnings growth over the same three-year period
October 7, 2022 | msn.com
Avis Budget Group (CAR) Stock Moves -1.37%: What You Should Know
See More Headlines
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CAR Company Calendar

Last Earnings
10/31/2022
Today
11/27/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/13/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Automotive rental & leasing, without drivers
Sub-Industry
Trucking
Sector
Business Services
Current Symbol
NASDAQ:CAR
CUSIP
05377410
CIK
723612
Web
www.avisbudgetgroup.com
Phone
(973) 496-4700
Fax
302-636-5454
Employees
21,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$215.33
High Stock Price Forecast
$270.00
Low Stock Price Forecast
$158.00
Forecasted Upside/Downside
-3.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
6 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$53.72
Trailing P/E Ratio
4.17
Forward P/E Ratio
4.25
P/E Growth
N/A
Net Income
$1.29 billion
Net Margins
23.09%
Pretax Margin
31.06%
Return on Equity
-473.08%
Return on Assets
11.40%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
0.72
Quick Ratio
0.72

Sales & Book Value

Annual Sales
$9.31 billion
Price / Sales
1.00
Cash Flow
$70.87 per share
Price / Cash Flow
3.16
Book Value
($12.23) per share
Price / Book
-18.31

Miscellaneous

Outstanding Shares
41,470,000
Free Float
25,999,000
Market Cap
$9.29 billion
Optionable
Optionable
Beta
2.26

Key Executives

  • Mr. Bernardo Vieira Hees (Age 52)
    Non-Independent Exec. Chairman
    Comp: $1.51M
  • Mr. Joseph A. Ferraro (Age 65)
    CEO & Pres
    Comp: $3.59M
  • Mr. Brian J. ChoiMr. Brian J. Choi (Age 39)
    Exec. VP & CFO
    Comp: $1.27M
  • Mr. Patrick RankinMr. Patrick Rankin (Age 52)
    Pres of International
    Comp: $1.46M
  • Mr. David T. Calabria (Age 47)
    Treasurer & Sr. VP of Corp. Fin.
  • Mr. Gerard Insall
    Chief Information Officer & Exec. VP
  • Ms. Jean M. SeraMs. Jean M. Sera (Age 52)
    Sr. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec.
  • Ms. Vanessa Wolczak
    Head of Marketing
  • Mr. Edward P. LinnenMr. Edward P. Linnen (Age 52)
    Chief Human Resource Officer & Exec. VP
  • Ms. Izilda P. Martins (Age 51)
    Exec. VP of Americas

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













CAR Stock - Frequently Asked Questions

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

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last year. There are currently 2 sell ratings, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 2023?

6 brokers have issued 12-month price targets for Avis Budget Group's shares. Their CAR share price forecasts range from $158.00 to $270.00. On average, they predict the company's stock price to reach $215.33 in the next year. This suggests that the stock has a possible downside of 3.9%.
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 on January 1st, 2022. Since then, CAR shares have increased by 8.0% and is now trading at $223.96.
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, February 13th 2023.
View our CAR earnings forecast.

How were Avis Budget Group's earnings last quarter?

Avis Budget Group, Inc. (NASDAQ:CAR) issued its quarterly earnings data on Monday, October, 31st. The business services provider reported $21.70 earnings per share for the quarter, topping analysts' consensus estimates of $14.80 by $6.90. The business services provider had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.54 billion. Avis Budget Group had a negative trailing twelve-month return on equity of 473.08% and a net margin of 23.09%. The firm's revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $10.74 EPS.

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 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 Vanguard Group Inc. (6.57%), State Street Corp (2.18%), Citadel Advisors LLC (0.00%), Two Sigma Advisers LP (1.07%), Dimensional Fund Advisors LP (1.02%) and Bank of New York Mellon Corp (0.78%). Insiders that own company stock include 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 $223.96.

How much money does Avis Budget Group make?

Avis Budget Group (NASDAQ:CAR) has a market capitalization of $9.29 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 $53.72 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 11/27/2022 by MarketBeat.com Staff