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NASDAQ:CAR

Avis Budget Group (CAR) Stock Price, News & Analysis

$69.16
-2.03 (-2.85%)
(As of 09/6/2024 ET)
Today's Range
$68.76
$72.35
50-Day Range
$69.16
$112.13
52-Week Range
$68.76
$207.34
Volume
587,238 shs
Average Volume
722,679 shs
Market Capitalization
$2.47 billion
P/E Ratio
2.18
Dividend Yield
N/A
Price Target
$143.29

Avis Budget Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
107.2% Upside
$143.29 Price Target
Short Interest
Bearish
8.22% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.31
Upright™ Environmental Score
News Sentiment
0.29mentions of Avis Budget Group in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
99.61%
From $7.68 to $15.33 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.19 out of 5 stars

Transportation Sector

27th out of 120 stocks

Automotive Rental & Leasing, Without Drivers Industry

1st out of 3 stocks

CAR stock logo

About Avis Budget Group Stock (NASDAQ:CAR)

Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers in the Americas, Europe, the Middle East and Africa, Asia, and Australasia. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; and the Zipcar brand, a car sharing network, as well as the Budget brand, a supplier of vehicle rental and other mobility solutions focused primarily on more value-conscious customers comprising Budget car rental, and Budget Truck, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 19,000 vehicles, which are rented through a network of dealer-operated and company-operated locations that serve the light commercial and consumer sectors in the continental United States. The company also operates various other car rental brands, such as Payless, Apex, Maggiore, Morini Rent, FranceCars, AmicoBlu, Turiscar, and ACL Hire and McNicoll Hire, as well as TurisPrime and RubyCa. In addition, it offers optional insurance products and coverages, such as supplemental liability, personal accident, personal effects protection, emergency sickness protection, automobile towing protection, and cargo insurance products; fuel service options, roadside assistance services, electronic toll collection services; and access to satellite radio, mobile WiFi devices, GPS navigation, and child safety seat rentals; automobile towing equipment and other moving accessories, such as hand trucks, furniture pads, and moving supplies; and Avis Budget Group Business Intelligence, an online portal complete with rental summary dashboards, visualizations, and detailed reports. 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 based in Parsippany, New Jersey.

CAR Stock Price History

CAR Stock News Headlines

War on Elon Escalates…
A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.
CAR Aug 2024 80.000 call
CAR Aug 2024 61.000 put
War on Elon Escalates…
A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.
Avis Budget Group Inc (CARm)
Avis Budget Group Inc. Q2 Profit Declines, Misses Estimates
Avis Budget Group Reports Second Quarter Results
CAR Aug 2024 118.000 put (CAR240802P00118000)
See More Headlines
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Company Calendar

Last Earnings
8/05/2024
Today
9/07/2024
Next Earnings (Estimated)
11/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Automotive rental & leasing, without drivers
Sub-Industry
Trucking
Current Symbol
NASDAQ:CAR
CUSIP
05377410
Employees
24,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$143.29
High Stock Price Target
$187.00
Low Stock Price Target
$95.00
Potential Upside/Downside
+107.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
$1.63 billion
Pretax Margin
6.74%

Debt

Sales & Book Value

Annual Sales
$12.05 billion
Cash Flow
$119.24 per share
Book Value
($13.52) per share

Miscellaneous

Free Float
17,111,000
Market Cap
$2.47 billion
Optionable
Optionable
Beta
2.21
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CAR Stock Analysis - Frequently Asked Questions

How have CAR shares performed this year?

Avis Budget Group's stock was trading at $177.26 on January 1st, 2024. Since then, CAR stock has decreased by 61.0% and is now trading at $69.16.
View the best growth stocks for 2024 here
.

How were Avis Budget Group's earnings last quarter?

Avis Budget Group, Inc. (NASDAQ:CAR) released its quarterly earnings data on Monday, August, 5th. The business services provider reported $0.41 earnings per share for the quarter, missing the consensus estimate of $2.60 by $2.19. Avis Budget Group's revenue for the quarter was down 2.4% on a year-over-year basis.

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.

Who are Avis Budget Group's major shareholders?

Avis Budget Group's top institutional investors include Rubric Capital Management LP (1.94%), Massachusetts Financial Services Co. MA (1.65%), Dimensional Fund Advisors LP (0.89%) and Lombard Odier Asset Management USA Corp. Insiders that own company stock include Bernardo Hees, Joseph A Ferraro, Patrick K Rankin, Edward P Linnen, Izilda P Martins, Jean M Sera, Lynn Krominga, Glenn Lurie and Cathleen Degenova.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Avis Budget Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Boeing (BA).

This page (NASDAQ:CAR) was last updated on 9/7/2024 by MarketBeat.com Staff

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