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NASDAQ:CAR

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

Avis Budget Group logo
$101.64 +2.58 (+2.60%)
(As of 11/21/2024 ET)

About Avis Budget Group Stock (NASDAQ:CAR)

Key Stats

Today's Range
$98.63
$104.45
50-Day Range
$70.27
$106.56
52-Week Range
$65.73
$204.77
Volume
506,521 shs
Average Volume
721,890 shs
Market Capitalization
$3.57 billion
P/E Ratio
9.28
Dividend Yield
N/A
Price Target
$133.13
Consensus Rating
Moderate Buy

Company Overview

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.

Avis Budget Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
96th Percentile Overall Score

CAR MarketRank™: 

Avis Budget Group scored higher than 96% of companies evaluated by MarketBeat, and ranked 6th out of 127 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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 been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Avis Budget Group's stock forecast and price target.
  • Earnings Growth

    Earnings for Avis Budget Group are expected to grow by 124.05% in the coming year, from $5.24 to $11.74 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Avis Budget Group is 9.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.01.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Avis Budget Group is 9.28, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 17.66.

  • Read more about Avis Budget Group's valuation and earnings.
  • Percentage of Shares Shorted

    9.81% 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 5.1.
  • Change versus previous month

    Short interest in Avis Budget Group has recently increased by 8.79%, indicating that investor sentiment is decreasing significantly.
  • 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.

  • Percentage of Shares Shorted

    9.81% 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 5.1.
  • Change versus previous month

    Short interest in Avis Budget Group has recently increased by 8.79%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Avis Budget Group has a news sentiment score of 0.31. 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 lower news sentiment than the 0.62 average news sentiment score of Transportation companies.
  • News Coverage This Week

    MarketBeat has tracked 12 news articles for Avis Budget Group this week, compared to 5 articles on an average week.
  • Search Interest

    10 people have searched for CAR on MarketBeat in the last 30 days. This is an increase of 233% compared to the previous 30 days.
  • MarketBeat Follows

    7 people have added Avis Budget Group to their MarketBeat watchlist in the last 30 days. This is an increase of 600% compared to the previous 30 days.
  • 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.

  • Read more about Avis Budget Group's insider trading history.
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CAR Stock News Headlines

Avis Budget Group (NASDAQ:CAR) Cut to "Neutral" at Northcoast Research
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Avis Budget (CAR) Gets a Hold from Barclays
Avis Budget Group, Inc. (CAR): An Oversold Midcap Stock to Buy
Avis Budget downgraded to Neutral from Buy at Northcoast
See More Headlines

CAR Stock Analysis - Frequently Asked Questions

Avis Budget Group's stock was trading at $177.26 at the start of the year. Since then, CAR shares have decreased by 42.7% and is now trading at $101.64.
View the best growth stocks for 2024 here
.

Avis Budget Group, Inc. (NASDAQ:CAR) issued its earnings results 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 company's revenue for the quarter was down 2.4% on a year-over-year basis.

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
.

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.

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
11/21/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/10/2025

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
$133.13
High Stock Price Target
$187.00
Low Stock Price Target
$90.00
Potential Upside/Downside
+31.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
8 Analysts

Profitability

Net Income
$1.63 billion
Pretax Margin
3.17%

Debt

Sales & Book Value

Annual Sales
$12.01 billion
Cash Flow
$143.15 per share
Book Value
($6.52) per share

Miscellaneous

Free Float
16,867,000
Market Cap
$3.57 billion
Optionable
Optionable
Beta
2.14

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This page (NASDAQ:CAR) was last updated on 11/22/2024 by MarketBeat.com Staff
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