Avis Budget Group, Inc. (CAR)

NASDAQ: CAR · IEX Real-Time Price · USD
107.95
+0.02 (0.02%)
Feb 29, 2024, 3:59 PM EST - Market closed
0.02%
Market Cap 3.83B
Revenue (ttm) 12.01B
Net Income (ttm) 1.63B
Shares Out 35.47M
EPS (ttm) 42.08
PE Ratio 2.57
Forward PE 5.93
Dividend n/a
Ex-Dividend Date n/a
Volume 1,259,802
Open 108.73
Previous Close 107.93
Day's Range 106.66 - 110.81
52-Week Range 99.60 - 244.95
Beta 2.35
Analysts Hold
Price Target 200.40 (+85.64%)
Earnings Date Feb 12, 2024

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; 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 ... [Read more]

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

Financial Performance

In 2023, CAR's revenue was $12.01 billion, an increase of 0.12% compared to the previous year's $11.99 billion. Earnings were $1.63 billion, a decrease of -40.96%.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for CAR stock is "Hold." The 12-month stock price forecast is $200.4, which is an increase of 85.64% from the latest price.

Price Target
$200.4
(85.64% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

Other symbols: OP
3 days ago - Benzinga

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

Karthik Sarma concentrates on a small number of stocks, and one has cost him more than $1 billion on paper in 2024.

3 days ago - WSJ

Avis Budget Group Announces Pricing of €600 Million of Senior Notes

PARSIPPANY, N.J., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the “Issuer”), pric...

8 days ago - GlobeNewsWire

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

PARSIPPANY, N.J., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the “Issuer”), inte...

9 days ago - GlobeNewsWire

Hertz's stock headed for fresh closing low after being caught in downdraft created by Avis

Hertz Global Holdings Inc.'s stock tumbled 12% Tuesday to put it on track for a record-low close, pulled down by bad news from its smaller rival, Avis Budget Group Inc.

Other symbols: HTZ
16 days ago - Market Watch

Avis's stock drops after company sells record number of cars into a tough used-car market

Avis Budget Group Inc. investors were having their worst day in four years on Tuesday, after the car-rental company said it sold a record number of vehicles during the fourth quarter in a bad market f...

16 days ago - Market Watch

Avis Budget beats profit estimates in Q4

Avis Budget Group Inc (NASDAQ: CAR) is trading down in extended hours even though it reported it better-than-expected financial results for its fiscal fourth quarter. Why is Avis Budget stock down in ...

16 days ago - Invezz

Avis Budget Group Reports Fourth Quarter and Full Year Results

PARSIPPANY, N.J., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today announced financial results for the fourth quarter and full year ended December 31, 2023.

17 days ago - GlobeNewsWire

Terranueva annonce le résultat favorable de l'assemblée des créanciers tenue suite au dépôt d'un avis d'intention

MONTRÉAL, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Terranueva Corporation (CSE: TEQ) (« Terranueva » ou la « Société ») est heureuse d'annoncer que l'assemblée des créanciers tenue aujourd'hui a accepté à 86...

5 weeks ago - GlobeNewsWire

Avis Budget Group to Announce Fourth Quarter 2023 Results on February 12th

PARSIPPANY, N.J., Jan. 12, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its fourth quarter 2023 results after the market close on Monday, Febr...

6 weeks ago - GlobeNewsWire

World's Leading Car-Sharing Network, Zipcar, Unveils Electric Vehicle Initiative in Select Cities Nationwide

Nearly 25 Years of Expertise in Fleet Management, Subscription Model Membership and Partnerships Propels Zipcar to Launch EVs in Cities, Universities and Businesses Across the U.S. BOSTON , Dec. 14, 2...

2 months ago - PRNewsWire

Avis Stock Pops on Special Cash Dividend

The car rental company says the dividend is payable on Dec. 21 to stockholders of record as of Dec. 15.

3 months ago - Barrons

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 months 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...

3 months 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...

3 months 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...

3 months 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 months 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 months 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 months 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...

4 months 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...

4 months 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...

5 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/ --...

5 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...

5 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...

5 months ago - PRNewsWire