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Avis Budget ( (CAR) ) just unveiled an announcement.
On May 19, 2025, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc., subsidiaries of Avis Budget Group, issued $600 million in 8.375% Senior Notes due 2032. The proceeds are intended for general corporate purposes, including debt repayment. The issuance aims to strengthen the company’s financial position and provide flexibility in managing its debt obligations.
The most recent analyst rating on (CAR) stock is a Buy with a $155.00 price target. To see the full list of analyst forecasts on Avis Budget stock, see the CAR Stock Forecast page.
Spark’s Take on CAR Stock
According to Spark, TipRanks’ AI Analyst, CAR is a Neutral.
Avis Budget Group’s overall stock score reflects a challenging financial environment marked by negative net income and high leverage. While technical indicators suggest strong market interest, the valuation remains unattractive due to negative earnings. Earnings call insights show operational efficiencies but highlight financial difficulties that need addressing.
To see Spark’s full report on CAR stock, click here.
More about Avis Budget
Avis Budget Group, Inc. operates in the car rental industry, providing vehicle rental services through its subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. The company focuses on offering a range of rental options to both individual and corporate clients.
Average Trading Volume: 1,627,582
Technical Sentiment Signal: Buy
Current Market Cap: $3.83B
See more insights into CAR stock on TipRanks’ Stock Analysis page.