NASDAQ:CAR Avis Budget Group - CAR Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Avis Budget Group, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $229.21 +16.82 (+7.92%) (As of 02/7/2023 09:38 AM ET) Add Compare Share Share Today's Range$217.60▼$229.6050-Day Range$155.70▼$224.9552-Week Range$131.83▼$327.80Volume72,959 shsAverage Volume593,250 shsMarket Capitalization$9.51 billionP/E Ratio4.27Dividend YieldN/APrice Target$217.75 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Avis Budget Group MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside2.5% Upside$217.75 Price TargetShort InterestBearish12.88% of Float Sold ShortDividend StrengthN/ASustainability-3.31Upright™ Environmental ScoreNews Sentiment0.82Based on 7 Articles This WeekInsider TradingSelling Shares$9.82 M Sold Last QuarterProj. Earnings Growth-52.56%From $52.85 to $25.07 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.68 out of 5 starsBusiness Services Sector268th out of 323 stocksAutomotive Rental & Leasing, Without Drivers Industry6th out of 6 stocks 1.0 Analyst's Opinion Consensus RatingAvis Budget Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 4 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $217.75, Avis Budget Group has a forecasted upside of 2.5% from its current price of $212.39.Amount of Analyst CoverageAvis Budget Group has only been the subject of 2 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted12.88% of the float of Avis Budget Group has been sold short.Short Interest Ratio / Days to CoverAvis Budget Group has a short interest ratio ("days to cover") of 6.5.Change versus previous monthShort interest in Avis Budget Group has recently decreased by 4.04%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldAvis Budget Group does not currently pay a dividend.Dividend GrowthAvis Budget Group does not have a long track record of dividend growth. Previous Next 1.9 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreAvis Budget Group has received a -6.93% net impact score from Upright. The largest negative impact of Avis Budget in category "GHG emissions" is driven by its "Car rentals", "Car leasing", and "Car-sharing services" products. See details.Environmental SustainabilityThe Environmental Impact score for Avis Budget Group is -3.31. Previous Next 3.2 News and Social Media Coverage News SentimentAvis Budget Group has a news sentiment score of 0.82. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.42 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Avis Budget Group this week, compared to 4 articles on an average week.Search Interest19 people have searched for CAR on MarketBeat in the last 30 days. This is an increase of 850% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Avis Budget Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Avis Budget Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $9,816,032.00 in company stock.Percentage Held by Insiders37.30% of the stock of Avis Budget Group is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions98.31% of the stock of Avis Budget Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Avis Budget Group are expected to decrease by -52.56% in the coming year, from $52.85 to $25.07 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Avis Budget Group is 3.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.98.Price to Earnings Ratio vs. SectorThe P/E ratio of Avis Budget Group is 3.95, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 219.82. Previous Next See Top Rated MarketRank™ Stocks Here About Avis Budget Group (NASDAQ:CAR) StockAvis Budget Group, Inc. engages in the provision of vehicle sharing and rental services. It operates through the Americas and International segments. The Americas segment licenses the company's brands to third parties for vehicle rentals and ancillary products and services in North America, South America, Central America, and the Caribbean. The International segment leases out vehicles in Europe, the Middle East, Africa, Asia, and Australasia. The company was founded by Warren E. Avis in 1946 and is headquartered in Parsippany, NJ.Read More Receive CAR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Avis Budget Group and its competitors with MarketBeat's FREE daily newsletter. Email Address CAR Stock News HeadlinesFebruary 7, 2023 | marketwatch.comCar Rental and Leasing Services Market (New Research Report) By 2023 Which is Experiencing Strong Growth in the Globe till 2029February 6, 2023 | msn.comInterpublic (IPG) to Report Q4 Earnings: What's in the Offing?February 7, 2023 | PressReach (Ad)This Stock Could Rebound QuickIt's not often we see a stock with this much potential.February 6, 2023 | finance.yahoo.comAvis Budget Group (CAR) Expected to Beat Earnings Estimates: Can the Stock Move Higher?January 30, 2023 | finance.yahoo.comBeing acquired has jump-started a Palo Alto EV charging companyJanuary 30, 2023 | finance.yahoo.comThere's Been No Shortage Of Growth Recently For Avis Budget Group's (NASDAQ:CAR) Returns On CapitalJanuary 25, 2023 | msn.comWant Better Returns? Don?t Ignore These 2 Business Services Stocks Set to Beat EarningsJanuary 20, 2023 | marketwatch.comEnterprise Car Rental Market Growth, Opportunity, Trends, Service, Forecast To 2028February 7, 2023 | Investing Trends (Ad)Move Over Lithium – 220 Pounds of Graphite In Every EV BatteryInvestors constantly hear that lithium is the key to powering our transition to electric vehicles and clean energy. Truth is, switching from gas-powered isn't possible without massive amounts of graphite. But America hasn't produced any graphite since the 1950s. Now, a little-known exploration company has defined America's largest high-quality graphite deposit near Nome, Alaska.January 18, 2023 | marketwatch.comCar-Sharing Market Size 2023 with Economical Benchmarking, Old Statistics & Forecasts, Company Returns SharesJanuary 10, 2023 | finance.yahoo.comWith EPS Growth And More, Avis Budget Group (NASDAQ:CAR) Makes An Interesting CaseJanuary 9, 2023 | finance.yahoo.comWhy Avis Budget Group (CAR) is a Top Growth Stock for the Long-TermJanuary 9, 2023 | finance.yahoo.comWhy Avis Budget (CAR) Has Gained 11.4% in the Past 6 MonthsJanuary 6, 2023 | finance.yahoo.comAre Options Traders Betting on a Big Move in Avis Budget Group (CAR) Stock?December 30, 2022 | finance.yahoo.comAmerican Equity and Avis Budget Stock See Action From Activist InvestorsDecember 28, 2022 | msn.comFormer Avis car rental employee accused of fraudulently renting out vehicles in exchange for cash, drugsDecember 28, 2022 | msn.comBeyond flight cancellations: How customers are dealing with car rentals and hotelsDecember 27, 2022 | msn.comUse Avis or Budget? You Could Be Owed Part of a $45 Million Hidden Fee SettlementDecember 18, 2022 | marketwatch.comCar Rental Market 2023 : Growth Statistics, Industry Share, Latest Trends, Growth Drivers, Size and Forecast till 2028December 14, 2022 | marketwatch.comCar Rental Services Market 2023-2026 Find Out Essential Strategies To Expand The Business And Top Key Players | 116 Pages ReportDecember 8, 2022 | finance.yahoo.comAvis Budget Group, Inc. (NASDAQ:CAR) Shares Could Be 47% Below Their Intrinsic Value EstimateDecember 5, 2022 | finance.yahoo.comAre Options Traders Betting on a Big Move in Avis Budget (CAR) Stock?December 5, 2022 | finance.yahoo.comWhy Avis Budget (CAR) Stock Gained 40.2% in the Past 3 MonthsDecember 1, 2022 | finance.yahoo.comMastercard (MA) Aims to Curb Digital Frauds in Latin AmericaNovember 30, 2022 | finance.yahoo.comAvis Budget (CAR) Up 2% Since Last Earnings Report: Can It Continue?November 25, 2022 | finance.yahoo.comAvis Budget Group, IBD Stock Of The Day, Takes Tight Road Toward Buy PointNovember 21, 2022 | finance.yahoo.comAre Business Services Stocks Lagging Avis Budget Group (CAR) This Year?See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CAR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Avis Budget Group and its competitors with MarketBeat's FREE daily newsletter. Email Address CAR Company Calendar Last Earnings11/01/2021Today2/07/2023Next Earnings (Confirmed)2/13/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Automotive rental & leasing, without drivers Sub-IndustryTrucking SectorBusiness Services Current SymbolNASDAQ:CAR CUSIP05377410 CIK723612 Webwww.avisbudgetgroup.com Phone(973) 496-4700Fax302-636-5454Employees21,000Year FoundedN/APrice Target and Rating Average Stock Price Forecast$217.75 High Stock Price Forecast$270.00 Low Stock Price Forecast$158.00 Forecasted Upside/Downside-5.0%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$53.72 Trailing P/E Ratio4.27 Forward P/E Ratio4.34 P/E GrowthN/ANet Income$1.29 billion Net Margins23.09% Pretax Margin31.06% Return on Equity-473.08% Return on Assets11.40% Debt Debt-to-Equity RatioN/A Current Ratio0.72 Quick Ratio0.72 Sales & Book Value Annual Sales$9.31 billion Price / Sales1.02 Cash Flow$75.40 per share Price / Cash Flow3.04 Book Value($3.70) per share Price / Book-61.95Miscellaneous Outstanding Shares41,470,000Free Float25,999,000Market Cap$9.51 billion OptionableOptionable Beta2.35 Key ExecutivesJoseph A. FerraroPresident & Chief Executive OfficerBrian J. ChoiChief Financial Officer & Executive Vice PresidentGerard InsallChief Information Officer & Executive VPJean M. SeraSecretary, Chief Compliance Officer & Senior VPRavi SimhambhatlaExecutive VP, Chief Digital & Innovation OfficerKey CompetitorsGenpactNYSE:GFull Truck AllianceNYSE:YMMSymboticNASDAQ:SYMFutuNASDAQ:FUTUWEXNYSE:WEXView All CompetitorsInsiders & InstitutionsRetirement Systems of AlabamaSold 4,965 shares on 2/6/2023Ownership: 0.079%Westpac Banking CorpBought 2,266 shares on 2/6/2023Ownership: 0.023%Pacer Advisors Inc.Bought 1,528 shares on 2/6/2023Ownership: 0.011%Asset Management One Co. Ltd.Sold 682 shares on 2/6/2023Ownership: 0.006%Securian Asset Management Inc.Sold 347 shares on 2/3/2023Ownership: 0.006%View All Insider TransactionsView All Institutional Transactions CAR Stock - Frequently Asked Questions Should I buy or sell Avis Budget Group stock right now? 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last twelve months. There are currently 2 sell ratings, 4 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? 8 Wall Street analysts have issued 1-year target prices for Avis Budget Group's stock. Their CAR share price forecasts range from $158.00 to $270.00. On average, they expect the company's share price to reach $217.75 in the next year. This suggests a possible upside of 2.5% 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 2023? Avis Budget Group's stock was trading at $163.93 at the beginning of 2023. Since then, CAR stock has increased by 29.6% and is now trading at $212.39. View the best growth stocks for 2023 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 can I listen to Avis Budget Group's earnings call? Avis Budget Group will be holding an earnings conference call on Tuesday, February 14th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-660-6853 with passcode "13735409". How were Avis Budget Group's earnings last quarter? Avis Budget Group, Inc. (NASDAQ:CAR) released its quarterly earnings results on Monday, November, 1st. The business services provider reported $10.74 EPS for the quarter, topping analysts' consensus estimates of $6.90 by $3.84. The business services provider earned $3 billion during the quarter, compared to the consensus estimate of $2.77 billion. Avis Budget Group had a net margin of 23.09% and a negative trailing twelve-month return on equity of 473.08%. The business's revenue for the quarter was up 95.6% on a year-over-year basis. During the same period last year, the company earned $1.13 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 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 shareholders include Wedge Capital Management L L P NC (0.40%), New York State Teachers Retirement System (0.10%), Retirement Systems of Alabama (0.08%), New York State Common Retirement Fund (0.06%), Comerica Bank (0.05%) and Yousif Capital Management LLC (0.03%). Insiders that own company stock include Bernardo Hees, Brian J Choi, Cathleen Degenova, Edward P Linnen, F Robert Salerno, Glenn Lurie, Izilda P Martins, Jean M Sera, Joseph A Ferraro, Leonard S Coleman Jr, Lynn Krominga, Patrick K Rankin, 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 $212.39. How much money does Avis Budget Group make? Avis Budget Group (NASDAQ:CAR) has a market capitalization of $8.81 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 2/7/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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