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Avis Budget (CAR)
NASDAQ:CAR
Avis Budget (CAR) Stock Price & Analysis
955 Followers
CAR Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$99.60 - $232.73
Previous Close$101.65
Volume758.54K
Average Volume (3M)893.12K
Market Cap
$3.61B
Enterprise Value$10.01B
Total Cash (Recent Filing)$555.00M
Total Debt (Recent Filing)$6.94B
Price to Earnings (P/E)2.4
Beta1.98
Next Earnings
May 01, 2024EPS Estimate
-$2.4Last Dividend Ex-Date
Dec 14, 2023Dividend YieldN/A
Share Statistics
EPS (TTM)42.63
Shares Outstanding35,472,745
10 Day Avg. Volume786,019
30 Day Avg. Volume893,116
Standard Deviation0.23
R-Squared0.27
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)-1.70
Price to Sales (P/S)0.30
Price to Cash Flow (P/CF)1.10
P/FCF Ratio1.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.83
Enterprise Value/Gross Profit0.77
Enterprise Value/Ebitda1.76
Forecast
1Y Price Target
$176.75Price Target Upside73.88% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
Avis Budget News
Bulls Say, Bears Say
Bulls Say
Earnings RecoveryCAR is anticipated to experience a stronger earnings recovery than its peers due to favorable travel spending trends, stable pricing, and efficiency efforts.
Operational EfficiencyCAR maintains a cost advantage and strategic management focus, which includes leveraging technology for cost savings and improved fleet management.
Stock Rating And PotentialCAR looks attractive with a Buy rating and a $170 price objective, suggesting significant upside potential.
Bears Say
Financial PerformanceCAR reported weaker 4Q results and should see outsized depreciation and vehicle interest expense headwinds in 2024.
Market DynamicsInvestor concerns that interest rates could persist higher for longer, potentially lowering used vehicle prices and increasing vehicle interest expenses.
Stock ValuationThe analyst reiterates a Sell rating and lowers the price target, indicating a potential downside in stock price.
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Ownership Overview
64.52% Insiders
16.37% Mutual Funds
12.49% Other Institutional Investors
6.62% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CAR FAQ
What was Avis Budget’s price range in the past 12 months?
Avis Budget lowest stock price was $99.59 and its highest was $232.73 in the past 12 months.
What is Avis Budget’s market cap?
Currently, no data Available
When is Avis Budget’s upcoming earnings report date?
Avis Budget’s upcoming earnings report date is May 01, 2024 which is in 8 days.
How were Avis Budget’s earnings last quarter?
Avis Budget released its earnings results on Feb 12, 2024. The company reported $7.375 earnings per share for the quarter, beating the consensus estimate of $4.155 by $3.22.
Is Avis Budget overvalued?
According to Wall Street analysts Avis Budget’s price is currently Undervalued.
Does Avis Budget pay dividends?
Avis Budget pays a Notavailable dividend of $10 which represents an annual dividend yield of N/A. See more information on Avis Budget dividends here
What is Avis Budget’s EPS estimate?
Avis Budget’s EPS estimate is -$2.4.
How many shares outstanding does Avis Budget have?
Avis Budget has 35,472,744 shares outstanding.
What happened to Avis Budget’s price movement after its last earnings report?
Avis Budget reported an EPS of $7.375 in its last earnings report, beating expectations of $4.155. Following the earnings report the stock price went down -22.897%.
Which hedge fund is a major shareholder of Avis Budget?
Among the largest hedge funds holding Avis Budget’s share is Par Capital Management Inc. It holds Avis Budget’s shares valued at 150M.
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Avis Budget Stock Smart Score
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$176.75 (73.88% Upside)
$176.75 (73.88% Upside)
Blogger Sentiment
Bullish
CAR Sentiment 60%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 81.3K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▼ 1.3%
Last 30 Days ▲ 1.2%
Last 30 Days ▲ 1.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-39.48%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
28.90%
Trailing 12-Months
Company Description
Avis Budget
Avis Budget Group, Inc. engages in the provision of vehicle sharing and rental services. It operates through the Americas and International segments. The Americas segment licenses the company's brands to third parties for vehicle rentals and and ancillary products and services in North America, South America, Central America, and the Caribbean. The International segment leases out vehicles in Europe, the Middle East, Africa, Asia, and Australasia. The company was founded by Warren E. Avis in 1946 and is headquartered in Parsippany, NJ.
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CAR Earnings Call
Q4 2024
0:00 / 0:00
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CAR Revenue Breakdown
56.45% Avis
37.29% Budget
6.25% Other
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CAR Stock 12 Months Forecast
Average Price Target
$176.75
▲(73.88% Upside)
Technical Analysis
Best Analysts Covering CAR
1 Year
1 Year Success Rate
11/21 ratings generated profit
1 Year Average Return
+23.46%
reiterated a buy rating 13 days ago
Copying Adam Jonas's trades and holding each position for 1 Year would result in 52.38% of your transactions generating a profit, with an average return of +23.46% per trade.
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