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. $177.58 -2.23 (-1.24%) (As of 03/28/2023 12:00 AM ET) Add Compare Share Share Today's Range$177.13▼$182.2650-Day Range$173.38▼$247.2052-Week Range$131.83▼$327.80Volume269,385 shsAverage Volume550,807 shsMarket Capitalization$7.01 billionP/E Ratio3.11Dividend YieldN/APrice Target$227.00 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Avis Budget Group MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside27.8% Upside$227.00 Price TargetShort InterestHealthy8.42% of Float Sold ShortDividend StrengthN/ASustainability-3.31Upright™ Environmental ScoreNews Sentiment0.78Based on 7 Articles This WeekInsider TradingSelling Shares$1.97 M Sold Last QuarterProj. Earnings Growth-13.92%From $28.24 to $24.31 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.2.32 out of 5 starsBusiness Services Sector133rd out of 328 stocksAutomotive Rental & Leasing, Without Drivers Industry2nd out of 5 stocks 3.0 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 $227.00, Avis Budget Group has a forecasted upside of 27.8% from its current price of $177.58.Amount of Analyst CoverageAvis Budget Group has only been the subject of 3 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted8.42% 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 5.6.Change versus previous monthShort interest in Avis Budget Group has recently decreased by 11.72%, indicating that investor sentiment is improving significantly. 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 2.7 News and Social Media Coverage News SentimentAvis Budget Group has a news sentiment score of 0.78. 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 0.51 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 InterestOnly 6 people have searched for CAR on MarketBeat in the last 30 days. This is a decrease of -90% compared to the previous 30 days.MarketBeat FollowsOnly 7 people have added Avis Budget Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -22% 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 $1,971,562.00 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 -13.92% in the coming year, from $28.24 to $24.31 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Avis Budget Group is 3.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.84.Price to Earnings Ratio vs. SectorThe P/E ratio of Avis Budget Group is 3.11, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 291.81. 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 includes 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 involves leasing out vehicles in Europe, the Middle East, Africa, Asia, and Australasia. The company was founded 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 HeadlinesMarch 22, 2023 | finance.yahoo.comAvis Budget Group, Inc. (CAR)March 22, 2023 | finance.yahoo.comInvesting in Avis Budget Group (NASDAQ:CAR) three years ago would have delivered you a 967% gainMarch 29, 2023 | Weiss Ratings (Ad)Bank Accounts: Frozen!In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. 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But the good news is, if China invades Taiwan, there is a way to protect yourself.March 2, 2023 | finance.yahoo.com12 Most Profitable Mid-Cap Stocks NowFebruary 27, 2023 | marketwatch.comCar Leasing Market research report gives the information on Industry Analysis database on this Market for period 2023 To 2028February 27, 2023 | marketwatch.comCar Rental and Leasing Services Market to Eyewitness Massive Growth 2023 to 2029February 20, 2023 | finance.yahoo.comAll You Need to Know About Avis Budget (CAR) Rating Upgrade to BuyFebruary 14, 2023 | finance.yahoo.comMidday movers: Boeing, Silvergate Capital, Palantir Technologies and moreFebruary 14, 2023 | finance.yahoo.comAvis Budget’s big stock rally give Dow transports a 99-point boostFebruary 14, 2023 | finanznachrichten.deAvis Budget Group, Inc.: Avis Budget Group Reports Full Year Record Revenues, Net Income and Adjusted EBITDAFebruary 14, 2023 | msn.comWhy Avis Budget (CAR) Stock Is RisingFebruary 14, 2023 | finance.yahoo.comAvis Budget (CAR) Q4 Earnings: How Key Metrics Compare to Wall Street EstimatesFebruary 14, 2023 | finance.yahoo.comAvis Budget (CAR) Q4 Earnings Beat Estimates, Revenues Up Y/YFebruary 13, 2023 | marketwatch.comStocks to Watch: Palantir Technologies, Avis Budget, T2 BiosystemsFebruary 13, 2023 | finance.yahoo.comAvis Budget revenue beat expectation on travel, commercial boostFebruary 13, 2023 | marketwatch.comAvis Budget Group Logs 4Q Revenue Boost on Holiday Travel, Commercial Unit--Earnings ReviewFebruary 13, 2023 | msn.comWhy Avis Budget Group Shares Are Trading Higher After-HoursFebruary 13, 2023 | finance.yahoo.comAvis Budget Group Reports Full Year Record Revenues, Net Income and Adjusted EBITDAFebruary 13, 2023 | finance.yahoo.comAvis Budget stock rallies after results beat, as travel rebound’s momentum continuesFebruary 13, 2023 | finance.yahoo.comStocks moving in after hours: Palantir, Avis Budget Group, Denny’sFebruary 13, 2023 | finance.yahoo.comAvis Budget Group (CAR) Q4 Earnings and Revenues Surpass EstimatesSee 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 Earnings2/14/2023Today3/28/2023Next Earnings (Estimated)5/01/2023Fiscal 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) 496-4700Fax302-636-5454Employees24,500Year FoundedN/APrice Target and Rating Average Stock Price Forecast$227.00 High Stock Price Forecast$275.00 Low Stock Price Forecast$158.00 Forecasted Upside/Downside+27.8%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$57.19 Trailing P/E Ratio3.11 Forward P/E Ratio6.29 P/E GrowthN/ANet Income$2.76 billion Net Margins23.05% Pretax Margin30.32% Return on Equity-395.49% Return on Assets11.14% Debt Debt-to-Equity RatioN/A Current Ratio0.73 Quick Ratio0.73 Sales & Book Value Annual Sales$13.01 billion Price / Sales0.54 Cash Flow$134.53 per share Price / Cash Flow1.32 Book Value($16.88) per share Price / Book-10.52Miscellaneous Outstanding Shares39,471,000Free Float24,748,000Market Cap$7.01 billion OptionableOptionable Beta2.34 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 VPNed LinnenChief Human Resources Officer & Executive VPKey CompetitorsNOVNYSE:NOVFutuNASDAQ:FUTUClean HarborsNYSE:CLHFTI ConsultingNYSE:FCNWEXNYSE:WEXView All CompetitorsInsiders & InstitutionsNeo Ivy Capital ManagementBought 10,098 shares on 3/27/2023Ownership: 0.026%MetLife Investment Management LLCSold 2,861 shares on 3/23/2023Ownership: 0.040%B. Riley Wealth Advisors Inc.Sold 105 shares on 3/15/2023Ownership: 0.008%Voya Investment Management LLCSold 798 shares on 2/28/2023Ownership: 0.039%Parallax Volatility Advisers L.P.Bought 17,000 shares on 2/27/2023Ownership: 0.000%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 equities research analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last year. There are currently 2 sell ratings, 4 hold ratings and 2 buy 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. View CAR analyst ratings or view top-rated stocks. What is Avis Budget Group's stock price forecast for 2023? 8 brokers have issued 12 month price objectives for Avis Budget Group's shares. Their CAR share price forecasts range from $158.00 to $275.00. On average, they expect the company's share price to reach $227.00 in the next year. This suggests a possible upside of 27.8% 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 8.3% and is now trading at $177.58. View the best growth stocks for 2023 here. Are investors shorting Avis Budget Group? Avis Budget Group saw a decline in short interest in March. As of March 15th, there was short interest totaling 3,240,000 shares, a decline of 11.7% from the February 28th total of 3,670,000 shares. Based on an average daily volume of 580,600 shares, the days-to-cover ratio is currently 5.6 days. Approximately 8.4% of the company's stock are short sold. View Avis Budget Group's Short Interest. When is Avis Budget Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 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 Tuesday, February, 14th. The business services provider reported $10.46 earnings per share for the quarter, beating analysts' consensus estimates of $6.85 by $3.61. The business services provider earned $2.77 billion during the quarter, compared to the consensus estimate of $2.66 billion. Avis Budget Group had a negative trailing twelve-month return on equity of 395.49% and a net margin of 23.05%. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $7.08 earnings per share. What ETFs hold Avis Budget Group's stock? ETFs with the largest weight of Avis Budget Group (NASDAQ:CAR) stock in their portfolio include AXS Astoria Inflation Sensitive ETF (PPI), SPDR S&P Transportation ETF (XTN), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC), SPDR S&P Kensho Smart Mobility ETF (HAIL), Invesco S&P MidCap 400 Pure Growth ETF (RFG), Global X Guru Index ETF (GURU), LeaderShares AlphaFactor US Core Equity ETF (LSAF) and Invesco S&P MidCap Value with Momentum ETF (XMVM). 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 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). 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 variety of institutional and retail investors. Top institutional shareholders include Toronto Dominion Bank (1.43%), Susquehanna International Group LLP (0.00%), Renaissance Technologies LLC (1.13%), Two Sigma Advisers LP (0.94%), Dimensional Fund Advisors LP (0.93%) and Geode Capital Management LLC (0.90%). Insiders that own company stock include Bernardo Hees, Brian J Choi, Cathleen Degenova, Edward P Linnen, Glenn Lurie, Izilda P Martins, Jean M Sera, Joseph A Ferraro, 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 $177.58. How much money does Avis Budget Group make? Avis Budget Group (NASDAQ:CAR) has a market capitalization of $7.01 billion and generates $13.01 billion in revenue each year. The business services provider earns $2.76 billion in net income (profit) each year or $57.19 on an earnings per share basis. How many employees does Avis Budget Group have? The company employs 24,500 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 3/29/2023 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. 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