Should I buy or sell Avis Budget Group stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CAR shares. View CAR analyst ratings or view top-rated stocks .

What is Avis Budget Group's stock price target for 2024?

7 analysts have issued twelve-month target prices for Avis Budget Group's shares. Their CAR share price targets range from $130.00 to $240.00. On average, they anticipate the company's stock price to reach $172.86 in the next year. This suggests a possible upside of 70.1% 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 2024?

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 $101.65. View the best growth stocks for 2024 here .

Are investors shorting Avis Budget Group?

Avis Budget Group saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 3,290,000 shares, an increase of 6.1% from the March 15th total of 3,100,000 shares. Based on an average daily trading volume, of 837,900 shares, the short-interest ratio is presently 3.9 days. Approximately 9.6% of the company's shares 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 6th 2024. View our CAR earnings forecast .

How were Avis Budget Group's earnings last quarter?

Avis Budget Group, Inc. (NASDAQ:CAR) announced its quarterly earnings data on Tuesday, February, 13th. The business services provider reported $7.10 EPS for the quarter, beating the consensus estimate of $4.15 by $2.95. The business services provider had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.81 billion. Avis Budget Group had a negative trailing twelve-month return on equity of 696.69% and a net margin of 13.59%. The firm's revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the business earned $10.46 earnings per share.

How often does Avis Budget Group pay dividends? What is the dividend yield for Avis Budget Group?

Avis Budget Group declared a special dividend on Tuesday, December 5th. Stockholders of record on Friday, December 15th will be given a dividend of $10.00 per share on Thursday, December 21st. The ex-dividend date of this dividend is Thursday, December 14th. Read our dividend analysis for CAR .

What ETFs hold Avis Budget Group's stock?

ETFs with the largest weight of Avis Budget Group (NASDAQ:CAR) stock in their portfolio include SPDR S&P Transportation ETF (XTN) , Global X Guru Index ETF (GURU) , American Customer Satisfaction ETF (ACSI) , SPDR S&P Kensho Smart Mobility ETF (HAIL) , Inspire Fidelis Multi Factor ETF (FDLS) , First Trust Mid Cap Growth AlphaDEX Fund (FNY) , Royce Quant Small-Cap Quality Value ETF (SQLV) and Invesco S&P MidCap 400 Revenue ETF (RWK) .

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) .

Who are Avis Budget Group's major shareholders?

Avis Budget Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Alaska Permanent Fund Corp (0.05%), Oxinas Partners Wealth Management LLC (0.02%), State of Michigan Retirement System (0.01%), International Assets Investment Management LLC (0.01%) and Denali Advisors LLC (0.00%). Insiders that own company stock include Bernardo Hees , Cathleen Degenova , Edward P Linnen , Glenn Lurie , Izilda P Martins , Jean M Sera , Joseph A Ferraro , Lynn Krominga , Patrick K Rankin 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:CAR

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

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Free CAR Stock Alerts

$101.65

-0.35 (-0.34%)

(As of 04/19/2024 ET)

Compare

Today's Range: $101.01
▼
$103.95
50-Day Range: $100.05
▼
$168.88
52-Week Range: $99.60
▼
$244.95

Volume: 758,409 shs
Average Volume: 828,789 shs
Market Capitalization: $3.62 billion

P/E Ratio: 2.39
Dividend Yield: N/A
Price Target: $172.86

Get Avis Budget Group alerts:

Avis Budget Group MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.71 Rating Score
Upside/Downside: 70.1% Upside
$172.86 Price Target
Short Interest: Bearish
9.57% of Float Sold Short
Dividend Strength: N/A
Sustainability: -3.31
Upright™ Environmental Score
News Sentiment: 0.50
Based on 14 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 15.31%
From $15.35 to $17.70 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.

4.79 out of 5 stars

Transportation Sector

9th out of 112 stocks

Automotive Rental & Leasing, Without Drivers Industry

1st out of 5 stocks

4.4

Analyst's Opinion

Consensus Rating
Avis Budget Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Avis Budget Group has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
9.57% 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 3.9, 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 increased by 6.13%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

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.

1.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Avis 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 Sustainability
The Environmental Impact score for Avis Budget Group is -3.31.

1.9

News and Social Media Coverage

News Sentiment
Avis Budget Group has a news sentiment score of 0.50. 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 14 news articles for Avis Budget Group this week, compared to 5 articles on an average week.
Search Interest
Only 23 people have searched for CAR on MarketBeat in the last 30 days. This is a decrease of -41% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Avis Budget Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -81% compared to the previous 30 days.

3.3

Company Ownership

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.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Avis Budget Group are expected to grow by 15.31% in the coming year, from $15.35 to $17.70 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Avis Budget Group is 2.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.79.
Price to Earnings Ratio vs. Sector
The P/E ratio of Avis Budget Group is 2.39, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 15.52.

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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

30 days | 90 days | 365 days | Advanced Chart

CAR Stock News Headlines

April 20, 2024 | americanbankingnews.com

Avis Budget Group (NASDAQ:CAR) PT Lowered to $183.00

April 19, 2024 | globenewswire.com

Avis Budget Group to Announce First Quarter 2024 Results on May 1st

April 20, 2024 | American Alternative (Ad)

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April 19, 2024 | americanbankingnews.com

Avis Budget Group, Inc. (NASDAQ:CAR) Receives Average Rating of "Moderate Buy" from Brokerages

April 19, 2024 | americanbankingnews.com

Avis Budget Group (NASDAQ:CAR) Shares Down 5% Following Analyst Downgrade

April 18, 2024 | americanbankingnews.com

Avis Budget Group, Inc. (NASDAQ:CAR) Sees Significant Growth in Short Interest

April 17, 2024 | msn.com

Avis franchisee secures €108m financing for EV transition in Greece

April 16, 2024 | morningstar.com

Avis Budget Group Inc

April 20, 2024 | American Alternative (Ad)

Your Money is Not Safe

April 13, 2024 | msn.com

Black-sounding names less likely to receive job call backs than white-sounding ones: Study

April 12, 2024 | finance.yahoo.com

CAR May 2024 110.000 call

April 11, 2024 | americanbankingnews.com

Morgan Stanley Cuts Avis Budget Group (NASDAQ:CAR) Price Target to $187.00

April 4, 2024 | msn.com

Avis Budget Shares Get Upgrade: Analyst Applauds Lean Cost Base, Lower EV Exposure, Younger Fleet Mix

April 3, 2024 | msn.com

Avis Budget Group (CAR) Stock Declines While Market Improves: Some Information for Investors

April 2, 2024 | investorplace.com

The Spring Break Stock Surge: 3 Companies Ready to Cash In

March 31, 2024 | finance.yahoo.com

Avis Budget Group's (NASDAQ:CAR) 30% CAGR outpaced the company's earnings growth over the same five-year period

March 18, 2024 | msn.com

Lakeland Linder International Airport Shortens Name on New Logo and Marketing Materials

March 18, 2024 | msn.com

Airline, travel companies face Chapter 11 bankruptcy, default risk

March 13, 2024 | investorplace.com

The 3 Most Undervalued Travel Stocks to Buy in March 2024

March 13, 2024 | newsweek.com

America's Greatest Workplaces for Job Starters 2024 - Newsweek Rankings

March 13, 2024 | globenewswire.com

Avis de convocation aux AGE et AGO du 29 mars 2024

March 2, 2024 | ca.finance.yahoo.com

CAR Mar 2024 103.000 call

March 2, 2024 | cnn.com

Here’s why Americans drive on the right and the UK drives on the left

February 26, 2024 | benzinga.com

Top 2 Industrials Stocks That May Explode This Quarter - OceanPal (NASDAQ:OP), Avis Budget Gr (NASDAQ:CAR)

February 26, 2024 | wsj.com

A Hedge Fund Made a Killing on Avis Stock. Now the Trade Is Backfiring.

February 25, 2024 | finance.yahoo.com

CAR Mar 2024 90.000 put

February 24, 2024 | ca.finance.yahoo.com

CAR Aug 2024 200.000 call

See More Headlines

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Company Calendar

Last Earnings: 2/13/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/06/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

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: $172.86
High Stock Price Target: $240.00
Low Stock Price Target: $130.00
Potential Upside/Downside: +70.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.71
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $42.61
Trailing P/E Ratio: 2.39
Forward P/E Ratio: 6.62
P/E Growth: N/A
Net Income: $1.63 billion
Net Margins: 13.59%
Pretax Margin: 15.94%
Return on Equity: -696.69%
Return on Assets: 5.28%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.80
Quick Ratio: 0.80

Sales & Book Value

Annual Sales: $12.66 billion
Price / Sales: 0.29
Cash Flow: $135.53 per share
Price / Cash Flow: 0.75
Book Value: ($9.47) per share
Price / Book: -10.73

Miscellaneous

Outstanding Shares: 35,647,000
Free Float: 17,111,000
Market Cap: $3.62 billion
Optionable: Optionable
Beta: 2.22

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Key Executives

Mr. Bernardo Vieira Hees (Age 54)
Non-Independent Executive Chairman
Comp: $1.02M
Mr. Joseph A. Ferraro (Age 67)
CEO & President
Comp: $4.81M
Ms. Izilda P. Martins (Age 53)
Executive VP & CFO
Comp: $1.69M
Mr. Brian J. Choi (Age 41)
Executive VP & Chief Transformation Officer
Comp: $1.69M
Mr. Ravindra Simhambhatla (Age 56)
Executive VP and Chief Digital & Innovation Officer
Comp: $1.02M
Mr. David T. Calabria (Age 49)
Treasurer & Senior VP of Corporate Finance
Ms. Jean M. Sera (Age 54)
Senior VP, General Counsel, Chief Compliance Officer & Corporate Secretary
Ms. Vanessa Wolczak
Head of Marketing
Mr. Edward P. Linnen (Age 54)
Chief Human Resource Officer & Executive VP
Comp: $957.71k
Mr. Stephen Wright
Senior Vice President of Global Travel, Partnerships & Government

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CAR Stock Analysis - Frequently Asked Questions

Should I buy or sell Avis Budget Group stock right now?: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CAR shares.
View CAR analyst ratings or view top-rated stocks.
What is Avis Budget Group's stock price target for 2024?: 7 analysts have issued twelve-month target prices for Avis Budget Group's shares. Their CAR share price targets range from $130.00 to $240.00. On average, they anticipate the company's stock price to reach $172.86 in the next year. This suggests a possible upside of 70.1% 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 2024?: 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 $101.65.
View the best growth stocks for 2024 here.
Are investors shorting Avis Budget Group?: Avis Budget Group saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 3,290,000 shares, an increase of 6.1% from the March 15th total of 3,100,000 shares. Based on an average daily trading volume, of 837,900 shares, the short-interest ratio is presently 3.9 days. Approximately 9.6% of the company's shares 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 6th 2024.
View our CAR earnings forecast.
How were Avis Budget Group's earnings last quarter?: Avis Budget Group, Inc. (NASDAQ:CAR) announced its quarterly earnings data on Tuesday, February, 13th. The business services provider reported $7.10 EPS for the quarter, beating the consensus estimate of $4.15 by $2.95. The business services provider had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.81 billion. Avis Budget Group had a negative trailing twelve-month return on equity of 696.69% and a net margin of 13.59%. The firm's revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the business earned $10.46 earnings per share.

How often does Avis Budget Group pay dividends? What is the dividend yield for Avis Budget Group?: Avis Budget Group declared a special dividend on Tuesday, December 5th. Stockholders of record on Friday, December 15th will be given a dividend of $10.00 per share on Thursday, December 21st. The ex-dividend date of this dividend is Thursday, December 14th.
Read our dividend analysis for CAR.
What ETFs hold Avis Budget Group's stock?: ETFs with the largest weight of Avis Budget Group (NASDAQ:CAR) stock in their portfolio include SPDR S&P Transportation ETF (XTN), Global X Guru Index ETF (GURU), American Customer Satisfaction ETF (ACSI), SPDR S&P Kensho Smart Mobility ETF (HAIL), Inspire Fidelis Multi Factor ETF (FDLS), First Trust Mid Cap Growth AlphaDEX Fund (FNY), Royce Quant Small-Cap Quality Value ETF (SQLV) and Invesco S&P MidCap 400 Revenue ETF (RWK).
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).
Who are Avis Budget Group's major shareholders?: Avis Budget Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Alaska Permanent Fund Corp (0.05%), Oxinas Partners Wealth Management LLC (0.02%), State of Michigan Retirement System (0.01%), International Assets Investment Management LLC (0.01%) and Denali Advisors LLC (0.00%). Insiders that own company stock include Bernardo Hees, Cathleen Degenova, Edward P Linnen, Glenn Lurie, Izilda P Martins, Jean M Sera, Joseph A Ferraro, Lynn Krominga, Patrick K Rankin 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CAR) was last updated on 4/20/2024 by MarketBeat.com Staff

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