Avis Budget Group, Inc. (CAR)

NASDAQ: CAR · IEX Real-Time Price · USD
183.97
-9.42 (-4.87%)
At close: Dec 5, 2023, 4:00 PM
192.00
+8.03 (4.36%)
After-hours: Dec 5, 2023, 7:51 PM EST
-4.87%
Market Cap 7.00B
Revenue (ttm) 12.02B
Net Income (ttm) 1.80B
Shares Out 36.22M
EPS (ttm) 46.35
PE Ratio 3.97
Forward PE 7.10
Dividend n/a
Ex-Dividend Date n/a
Volume 553,611
Open 191.54
Previous Close 193.39
Day's Range 183.19 - 192.41
52-Week Range 153.55 - 251.26
Beta 2.40
Analysts Buy
Price Target 240.75 (+30.86%)
Earnings Date Nov 1, 2023

About 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; the Budget Truck brand, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 19,000 vehicles, which are rented throug... [Read more]

Sector Industrials
Founded 1946
Employees 24,500
Stock Exchange NASDAQ
Ticker Symbol CAR
Full Company Profile

Financial Performance

In 2022, CAR's revenue was $11.99 billion, an increase of 28.79% compared to the previous year's $9.31 billion. Earnings were $2.76 billion, an increase of 115.10%.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for CAR stock is "Buy." The 12-month stock price forecast is $240.75, which is an increase of 30.86% from the latest price.

Price Target
$240.75
(30.86% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Avis Budget Group announces special dividend of $10 per share

The special dividend is payable on Dec. 21 to shareholders of record as of the close of business on Dec. 15, the company said Tuesday.

3 hours ago - Market Watch

Avis Budget Group Announces Special Cash Dividend

PARSIPPANY, N.J., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) today announced the declaration by its Board of Directors of a special cash dividend of $10.00...

4 hours ago - GlobeNewsWire

Avis Budget Group Announces Pricing of $500 Million of Senior Notes

PARSIPPANY, N.J., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budge...

20 days ago - GlobeNewsWire

Avis Budget Group Announces Intention to Offer $500 Million of Senior Notes

PARSIPPANY, N.J., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budge...

20 days ago - GlobeNewsWire

Dow transports have best week in a year, to snap longest weekly losing streak in 5 years

The Dow Jones Transportation Average DJT, +1.78% rallied 1.7% in afternoon trading, with 18 of 20 components gaining ground, as part of a broader stock market rally. The index was headed for a fifth-s...

Other symbols: AALUAL
4 weeks ago - Market Watch

Avis Budget Group Reports Third Quarter Results

PARSIPPANY, N.J., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for third quarter 2023 today.

4 weeks ago - GlobeNewsWire

Avis Budget Group Announces Management Realignment

Izzy Martins to be appointed EVP & CFO and Brian Choi to be appointed EVP & Chief Transformation Officer Jagdeep Pahwa to become Chairman and Bernardo Hees to continue as Board Member PARSIPPANY, N.J....

4 weeks ago - GlobeNewsWire

Zipcar was fined $300,000 for renting out recalled vans that could lose power on the road or move while in park: NHTSA

Zipcar let customers rent Ford Transit vans that were being recalled, the NHTSA said. The vans were being recalled over a safety issue that could make them lose power on the road. Zipcar has been fine...

7 weeks ago - Business Insider

Zipcar fined after allowing customers to rent vehicles that had open recalls

NEW YORK — Zipcar has been slapped with a $300,000 fine after U.S. regulators found that the car-sharing company allowed customers to rent vehicles that had open recalls, violating federal motor safet...

7 weeks ago - Market Watch

Avis Budget Group to Announce Third Quarter 2023 Results on November 1st

PARSIPPANY, N.J., Oct. 09, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its third quarter 2023 results after the market close on Wednesday, No...

2 months ago - GlobeNewsWire

In Honor of Globally Recognized "Car-Free Day," Zipcar Releases New Data about The Impact of Car Sharing on Traffic and Parking Competition in New York City

Car-sharing New Yorkers spend half as much on transportation than car-owning counterparts and free city spatial equivalent of seven hometown baseball stadiums NEW YORK , Sept. 19, 2023 /PRNewswire/ --...

2 months ago - PRNewsWire

In Honor of Globally Recognized "Car-Free Day," Zipcar Releases New Data about the Impact of Car Sharing on Traffic and Parking Competition in Washington, D.C.

Car-sharing Washingtonians spend half as much on transportation than car-owning counterparts and free city spatial equivalent of 70 Lincoln Memorials WASHINGTON , Sept. 19, 2023 /PRNewswire/ -- Septem...

2 months ago - PRNewsWire

In Honor of Globally Recognized "Car-Free Day," Zipcar Releases New Data about the Impact of Car Sharing on Traffic and Parking Competition in Boston

Car-sharing Bostonians save $8,000 annually on transportation and free city space equivalent of 25 hometown ballparks BOSTON , Sept. 19, 2023 /PRNewswire/ -- September 22 nd marks the worldwide initia...

2 months ago - PRNewsWire

New York fines Avis Budget for denying car rentals to people who lack credit cards

New York state on Tuesday fined Avis Budget Group $275,000 for refusing to rent vehicles to customers who did not have credit cards.

4 months ago - Reuters

Is Avis Budget Group A Value Play? Earnings Have This To Say

Avis Budget Group NASDAQ: CAR stock has been trading within a relatively tight channel for the past year; this can be taken as a sign of indecision from markets facing a directionless market. Despite ...

4 months ago - MarketBeat

Avis stock up 3% after rental-car company sees ‘robust' summer demand

Shares of Avis Budget Group Inc. CAR, -0.97% rose more than 3% in the after-hours session Monday after the car-rental company's quarterly profit topped Wall Street expectations on strong demand for re...

4 months ago - Market Watch

Avis Budget Group Reports Second Quarter Results

PARSIPPANY, N.J., July 31, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for second quarter 2023 today.

4 months ago - GlobeNewsWire

Avis Budget's stock falls after analyst downgrades it just two months after turning bullish

Shares of Avis Budget Group Inc. dropped Thursday, after Deutsche Bank's Chris Wronka downgraded the car-rental company, saying the stock nearly accomplished in just two months what he thought would t...

4 months ago - Market Watch

Avis Budget Group To Announce Second Quarter 2023 Results On July 31st

Conference Call to Discuss Results Scheduled for August 1st, 2023 PARSIPPANY, N.J., July 07, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its ...

5 months ago - GlobeNewsWire

Avis Budget Group Announces Pricing of €400 Million of Senior Notes

PARSIPPANY, N.J., July 06, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the “Issuer”) price...

5 months ago - GlobeNewsWire

Avis Budget Group Announces Intention to Offer €400 Million of Senior Notes

PARSIPPANY, N.J., July 05, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the “Issuer”), inte...

5 months ago - GlobeNewsWire

Avis Budget Is Too Cheap to Ignore

Avis Budget Group Inc. ( CAR , Financial) is a mobility solutions provider with its business spread across most of the world. The company operates through several brands, including Avis Car Rental, Bu...

5 months ago - GuruFocus

Avis's stock gets ratings upgrade as demand for travel continues

Avis Budget Group Inc.'s stock got a ratings upgrade from analysts at Morgan Stanley, who said they moved to a “relatively more constructive view” of the rental-car industry amid ongoing heated demand...

5 months ago - Market Watch

Avis Budget's Ride Higher Continues

The stock has fluctuated wildly since 2022, trading above $300 a share and as low as $138. Now with it settling in just above $200 per share, Avis Budget Group Inc. ( CAR , Financial) looks like a bar...

6 months ago - GuruFocus

Buy Avis Budget stock for a 60% return in 12 months: Deutsche Bank

Avis Budget Group Inc (NASDAQ: CAR) down more than 30% versus its year-to-date high is an opportunity for investors interested in quality stocks on sale, as per a Deutsche Bank analyst.

6 months ago - Invezz