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

Company Overview

Avis Budget Group, Inc. engages in the provision of vehicle sharing and rental services. It operates through the following segments: Americas, International, and Corporate and Other. The Americas segment includes the vehicle rental and car sharing operations in North America, South America, Central America, and the Caribbean. The International segment is involved in the vehicle rental and car sharing operations in Europe, the Middle East, Africa, Asia, and Australasia. The company was founded in 1946 and is headquartered in Parsippany, NJ.

Key Stats

• Today's Range: $80.00 to $84.45
• 50-Day Range: $77.47 to $109.07
• 52-Week Range: $65.73 to $188.36
• Volume: 1.41 million shs
• Average Volume: 711,727 shs
• Market Capitalization: $2.85 billion
• P/E Ratio: 7.40
• Dividend Yield: N/A
• Price Target: $133.75
• Consensus Rating: Moderate Buy

Avis Budget Group Stock Analysis - MarketRank™

Avis Budget Group scored higher than 95% of companies evaluated by MarketBeat, and ranked 14th out of 127 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Avis Budget Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Avis Budget Group has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 186.35%

Earnings Growth

Earnings for Avis Budget Group are expected to grow by 186.35% in the coming year, from $3.59 to $10.28 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Avis Budget Group is 7.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.46.

Price to Earnings Ratio vs. Sector

The P/E ratio of Avis Budget Group is 7.40, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 17.84.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

7.40% of the float of Avis Budget Group has been sold short.

Short Interest Ratio / Days to Cover

Avis Budget Group has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Avis Budget Group has recently decreased by 13.40%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Avis Budget Group does not currently pay a dividend.

Dividend Growth

Avis Budget Group does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 1.9 / 5
• Environmental Score: -3.31

Percentage of Shares Shorted

7.40% of the float of Avis Budget Group has been sold short.

Short Interest Ratio / Days to Cover

Avis Budget Group has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Avis Budget Group has recently decreased by 13.40%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.60

News Sentiment

Avis Budget Group has a news sentiment score of 0.60. 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 news sentiment score is similar to the average news sentiment of Transportation companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Avis Budget Group this week, compared to 6 articles on an average week.

Search Interest

12 people have searched for CAR on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.

MarketBeat Follows

Only 5 people have added Avis Budget Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -29% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Avis Budget Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

52.00% 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 Institutions

96.35% 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.

CAR Stock Analysis - Frequently Asked Questions

How have CAR shares performed this year?

Avis Budget Group's stock was trading at $177.26 at the beginning of the year. Since then, CAR shares have decreased by 54.3% and is now trading at $80.98.
View the best growth stocks for 2024 here.

How were Avis Budget Group's earnings last quarter?

Avis Budget Group, Inc. (NASDAQ:CAR) posted its quarterly earnings data on Thursday, October, 31st. The business services provider reported $6.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.55 by $1.90. The business's quarterly revenue was down 2.4% compared to the same quarter last year.

Who are Avis Budget Group's major shareholders?

Avis Budget Group's top institutional investors include FMR LLC (9.55%), Rubric Capital Management LP (1.91%), State Street Corp (1.91%) and Massachusetts Financial Services Co. MA (1.69%). 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 and Glenn Lurie.
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 Tesla (TSLA), NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Netflix (NFLX) and Visa (V).

Company Calendar

• Last Earnings: 10/31/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Transportation
• Industry: Automotive rental & leasing, without drivers
• Sub-Industry: Trucking
• Current Symbol: NASDAQ:CAR
• CUSIP: 05377410
• CIK: 723612
• Web: www.avisbudgetgroup.com
• Phone: (973) 496-4700
• Fax: 302-636-5454
• Employees: 24,500
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $133.75
• High Stock Price Target: $187.00
• Low Stock Price Target: $95.00
• Potential Upside/Downside: +65.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $10.95
• Trailing P/E Ratio: 7.40
• Forward P/E Ratio: 22.56
• P/E Growth: N/A
• Net Income: $1.63 billion
• Net Margins: 3.34%
• Pretax Margin: 3.17%
• Return on Equity: -101.41%
• Return on Assets: 1.19%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.70
• Quick Ratio: 0.70

Sales & Book Value

• Annual Sales: $11.78 billion
• Price / Sales: 0.24
• Cash Flow: $115.69 per share
• Price / Cash Flow: 0.70
• Book Value: ($9.47) per share
• Price / Book: -8.55

Miscellaneous

• Outstanding Shares: 35,139,000
• Free Float: 16,867,000
• Market Cap: $2.85 billion
• Optionable: Optionable
• Beta: 2.20