Avis Budget Group - CAR 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 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.
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5 brokerages have issued 1-year target prices 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 stock price to reach $193.40 in the next year. This suggests a possible upside of 39.9% from the stock's current price.
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Avis Budget Group's stock was trading at $207.37 at the start of the year. Since then, CAR shares have decreased by 33.3% and is now trading at $138.25.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our CAR earnings forecast.

Avis Budget Group, Inc. (NASDAQ:CAR) released its quarterly earnings data on Monday, August, 1st. The business services provider reported $15.94 EPS for the quarter, beating the consensus estimate of $12.22 by $3.72. The business services provider earned $3.24 billion during the quarter, compared to analyst estimates of $3.14 billion. Avis Budget Group had a net margin of 21.02% and a negative trailing twelve-month return on equity of 477.68%. The company's quarterly revenue was up 36.8% on a year-over-year basis. During the same period in the previous year, the business posted $5.90 earnings per share.

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.

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).

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

Avis Budget Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include FMR LLC (13.55%), State Street Corp (2.07%), National Bank of Canada FI (1.77%), Bank of Montreal Can (1.30%), Natixis (0.62%) and Northern Trust Corp (0.53%). 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.
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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.
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One share of CAR stock can currently be purchased for approximately $138.25.

Avis Budget Group (NASDAQ:CAR) has a market capitalization of $6.65 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.

The company employs 21,000 workers across the globe.

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.