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NASDAQ:CAR

Avis Budget Group Stock Forecast, Price & News

$37.68
+1.10 (+3.01 %)
(As of 12/2/2020 04:43 PM ET)
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Compare
Today's Range
$35.55
Now: $37.68
$38.21
50-Day Range
$28.37
MA: $34.89
$40.38
52-Week Range
$6.35
Now: $37.68
$52.98
Volume1.13 million shs
Average Volume3.95 million shs
Market Capitalization$2.63 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.51
Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers. It operates the Avis brand, a vehicle rental system that supply rental cars to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local and one-way truck rental businesses with a fleet of approximately 20,000 vehicles, which are rented through a network of approximately 575 dealer-operated and 420 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 Payless, Apex, Maggiore, Morini Rent, FranceCars, and Turiscar. In addition, it offers optional insurance products and coverages, such as supplemental liability, personal accident, personal effects protection, emergency sickness protection, and cargo insurance products; fuel service options, chauffeur drive services, 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 5,500 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.
Avis Budget Group logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.45 out of 5 stars


Industry, Sector and Symbol

Industry Automotive rental & leasing, without drivers
Sub-IndustryTrucking
Current SymbolNASDAQ:CAR
CUSIP05377410
Phone973-496-4700
Employees30,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.17 billion
Cash Flow$46.52 per share
Book Value($1.09) per share

Profitability

Net Income$302 million

Miscellaneous

Market Cap$2.63 billion
Next Earnings Date2/17/2021 (Estimated)
OptionableOptionable
$37.68
+1.10 (+3.01 %)
(As of 12/2/2020 04:43 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Avis Budget Group (NASDAQ:CAR) Frequently Asked Questions

How has Avis Budget Group's stock price been impacted by COVID-19 (Coronavirus)?

Avis Budget Group's stock was trading at $19.41 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CAR shares have increased by 94.7% and is now trading at $37.80.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Avis Budget Group?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last year. There are currently 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Avis Budget Group
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Avis Budget Group?

Wall Street analysts have given Avis Budget Group a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Avis Budget Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Avis Budget Group's next earnings date?

Avis Budget Group is scheduled to release its next quarterly earnings announcement on Wednesday, February 17th 2021.
View our earnings forecast for Avis Budget Group
.

How were Avis Budget Group's earnings last quarter?

Avis Budget Group, Inc. (NASDAQ:CAR) issued its quarterly earnings data on Thursday, October, 29th. The business services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $0.40 by $0.73. The business services provider had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.41 billion. Avis Budget Group had a negative return on equity of 199.17% and a negative net margin of 7.28%. Avis Budget Group's revenue was down 44.3% on a year-over-year basis. During the same quarter last year, the company earned $2.96 earnings per share.
View Avis Budget Group's earnings history
.

What price target have analysts set for CAR?

6 Wall Street analysts have issued twelve-month price objectives for Avis Budget Group's stock. Their forecasts range from $20.00 to $40.00. On average, they expect Avis Budget Group's share price to reach $34.60 in the next twelve months. This suggests that the stock has a possible downside of 8.5%.
View analysts' price targets for Avis Budget Group
.

Who are some of Avis Budget Group's key competitors?

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), The Boeing (BA), NVIDIA (NVDA), Advanced Micro Devices (AMD) and Cisco Systems (CSCO).

Who are Avis Budget Group's key executives?

Avis Budget Group's management team includes the following people:
  • Mr. Joseph A. Ferraro, CEO & Pres (Age 63, Pay $1.88M)
  • Mr. Edward P. Linnen, Chief Human Resource Officer & Exec. VP (Age 50, Pay $957.71k)
  • Mr. John F. North III, Advisor (Age 42, Pay $1.72M)
  • Mr. Patrick Keith Rankin, Pres of International Region (Age 50, Pay $714.5k)
  • Mr. Bernardo Vieira Hees, Exec. Chairman (Age 50)
  • Mr. Brian J. Choi, Chief Financial Officer (Age 37)
  • Ms. Cathleen DeGenova, VP & Chief Accounting Officer (Age 58)
  • Mr. David T. Calabria, Treasurer & Sr. VP of Corp. Fin. (Age 45)
  • Mr. Gerard Insall, Chief Information Officer & Exec. VP
  • Ms. Jean M. Sera, Sr. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec. (Age 50)

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 retail and institutional investors. Top institutional investors include SRS Investment Management LLC (25.90%), BlackRock Inc. (9.15%), Jefferies Group LLC (5.68%), State Street Corp (3.09%), Pzena Investment Management LLC (3.03%) and Arrowstreet Capital Limited Partnership (2.34%). Company insiders that own Avis Budget Group stock include Anderson Kim, Bernardo Hees, F Robert Salerno, Leonard S Coleman Jr, Mark J Servodidio, Michael K Tucker, Shon Larry D De and Srs Investment Management, Llc.
View institutional ownership trends for Avis Budget Group
.

Which major investors are selling Avis Budget Group stock?

CAR stock was sold by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, AQR Capital Management LLC, Wells Fargo & Company MN, SG Americas Securities LLC, Victory Capital Management Inc., Schonfeld Strategic Advisors LLC, Jefferies Group LLC, and Landscape Capital Management L.L.C.. Company insiders that have sold Avis Budget Group company stock in the last year include Leonard S Coleman Jr, and Shon Larry D De.
View insider buying and selling activity for Avis Budget Group
.

Which major investors are buying Avis Budget Group stock?

CAR stock was acquired by a variety of institutional investors in the last quarter, including SRS Investment Management LLC, BlackRock Inc., Arrowstreet Capital Limited Partnership, Samlyn Capital LLC, Morgan Stanley, Great West Life Assurance Co. Can, Interval Partners LP, and Great Lakes Advisors LLC. Company insiders that have bought Avis Budget Group stock in the last two years include Bernardo Hees, F Robert Salerno, and Srs Investment Management, Llc.
View insider buying and selling activity for Avis Budget Group
.

How do I buy shares of 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.

What is Avis Budget Group's stock price today?

One share of CAR stock can currently be purchased for approximately $37.80.

How big of a company is Avis Budget Group?

Avis Budget Group has a market capitalization of $2.63 billion and generates $9.17 billion in revenue each year. The business services provider earns $302 million in net income (profit) each year or $3.68 on an earnings per share basis. Avis Budget Group employs 30,000 workers across the globe.

What is Avis Budget Group's official website?

The official website for Avis Budget Group is www.avisbudgetgroup.com.

How can I contact Avis Budget Group?

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 or via email at [email protected]

This page was last updated on 12/2/2020 by MarketBeat.com Staff

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