Avis Budget Group, Inc. (CAR)
NASDAQ: CAR · IEX Real-Time Price · USD
101.85
-7.30 (-6.69%)
At close: Jul 19, 2024, 4:00 PM
101.98
+0.13 (0.13%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
Avis Budget Group Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Avis Budget Group stock have an average target of 163.14, with a low estimate of 117 and a high estimate of 240. The average target predicts an increase of 60.18% from the current stock price of 101.85.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for CAR stock from 7 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 2 | 3 | 3 | 3 | 3 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 0 | 0 | 0 | 0 |
| Total | 5 | 7 | 7 | 7 | 7 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Hold Maintains $140 → $120 | Hold | Maintains | $140 → $120 | +17.82% | Jul 10, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $170 → $140 | Strong Buy | Maintains | $170 → $140 | +37.46% | May 1, 2024 |
| Susquehanna | Susquehanna | Hold Maintains $145 → $117 | Hold | Maintains | $145 → $117 | +14.87% | Apr 30, 2024 |
| Deutsche Bank | Deutsche Bank | Strong Buy Maintains $202 → $183 | Strong Buy | Maintains | $202 → $183 | +79.68% | Apr 18, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $190 → $187 | Buy | Maintains | $190 → $187 | +83.60% | Apr 10, 2024 |
Financial Forecast
Revenue This Year
12.29B
from 12.01B
Increased by 2.33%
Revenue Next Year
12.70B
from 12.29B
Increased by 3.31%
EPS This Year
12.16
from 42.08
Decreased by -71.10%
EPS Next Year
15.64
from 12.16
Increased by 28.64%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 13.0B | 13.4B | 13.5B |
| Avg | 12.3B | 12.7B | 13.0B |
| Low | 11.7B | 12.2B | 12.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 8.0% | 8.7% | 6.7% |
| Avg | 2.3% | 3.3% | 2.2% |
| Low | -2.9% | -0.7% | -1.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 15.16 | 22.66 | 32.79 |
| Avg | 12.16 | 15.64 | 19.40 |
| Low | 10.41 | 11.97 | 10.86 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -64.0% | 86.3% | 109.6% |
| Avg | -71.1% | 28.6% | 24.0% |
| Low | -75.3% | -1.6% | -30.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.