Avis Budget Group, Inc. (CAR)
NASDAQ: CAR · IEX Real-Time Price · USD
101.65
-0.35 (-0.34%)
At close: Apr 19, 2024, 4:00 PM
101.64
-0.01 (-0.01%)
After-hours: Apr 19, 2024, 7:56 PM 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 172.86, with a low estimate of 130 and a high estimate of 240. The average target predicts an increase of 70.05% from the current stock price of 101.65.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 0 | 0 | 0 | 2 | 3 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 1 | 1 | 1 | 1 | 0 |
| Total | 5 | 5 | 5 | 5 | 7 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Deutsche Bank | Deutsche Bank | Strong Buy Maintains $202 → $183 | Strong Buy | Maintains | $202 → $183 | +80.03% | Apr 18, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $190 → $187 | Buy | Maintains | $190 → $187 | +83.96% | Apr 10, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Sell → Hold Upgrades $118 → $130 | Strong Sell → Hold | Upgrades | $118 → $130 | +27.89% | Apr 4, 2024 |
| Northcoast Research | Northcoast Research | Hold → Strong Buy Upgrades $155 | Hold → Strong Buy | Upgrades | $155 | +52.48% | Mar 25, 2024 |
| B of A Securities | B of A Securities | Strong Buy Initiates $170 | Strong Buy | Initiates | $170 | +67.24% | Mar 19, 2024 |
Financial Forecast
Revenue This Year
11.75B
from 12.01B
Decreased by -2.12%
Revenue Next Year
12.10B
from 11.75B
Increased by 2.91%
EPS This Year
16.61
from 42.08
Decreased by -60.53%
EPS Next Year
18.01
from 16.61
Increased by 8.43%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 12.9B | 13.3B | 13.5B |
| Avg | 11.8B | 12.1B | 12.8B |
| Low | 8.2B | 8.4B | 12.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 7.2% | 12.8% | 12.0% |
| Avg | -2.1% | 2.9% | 5.7% |
| Low | -31.4% | -28.2% | - |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 22.14 | 26.60 | 32.79 |
| Avg | 16.61 | 18.01 | 19.19 |
| Low | 12.46 | 11.58 | 11.38 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -47.4% | 60.1% | 82.0% |
| Avg | -60.5% | 8.4% | 6.5% |
| Low | -70.4% | -30.3% | -36.8% |
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.