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Avis Budget (CAR)
NASDAQ:CAR
Avis Budget (CAR) Stock Price & Analysis
968 Followers
CAR Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$93.53 - $232.73
Previous Close$94.75
Volume617.98K
Average Volume (3M)958.01K
Market Cap
$3.43B
Enterprise Value$9.75B
Total Cash (Recent Filing)$555.00M
Total Debt (Recent Filing)$6.94B
Price to Earnings (P/E)2.2
Beta2.04
Next Earnings
Jul 29, 2024EPS Estimate
$3.93Last Dividend Ex-Date
Dec 14, 2023Dividend YieldN/A
Share Statistics
EPS (TTM)42.63
Shares Outstanding35,472,745
10 Day Avg. Volume1,000,923
30 Day Avg. Volume958,012
Standard Deviation0.23
R-Squared0.28
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)-1.59
Price to Sales (P/S)0.34
Price to Cash Flow (P/CF)1.10
P/FCF Ratio1.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.81
Enterprise Value/Gross Profit0.75
Enterprise Value/Ebitda1.71
Forecast
1Y Price Target
$169.50Price Target Upside46.10% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
Avis Budget News
Bulls Say, Bears Say
Bulls Say
Earnings And Market PerformanceAvis Budget's results surpassed both Bank of America and consensus estimates, indicating a potential upward revision to future estimates.
Market Share And Competitive PositioningAvis Budget is poised to capture more market share, taking advantage of its competitors' stagnating or decreasing volumes.
Operational Efficiency And Cost ManagementAvis Budget maintains a competitive edge with its strategic focus on cost management and efficient fleet operations, leveraging technology for savings.
Bears Say
Company OperationsAggressive de-fleeting and higher fleet acquisition costs will lead to a substantial increase in vehicle depreciation expense.
Financial PerformanceAvis Budget's adjusted EBITDA forecasts are reduced, with a new projection of $775 million for 2024, down from the previous $1.07 billion estimate.
Market DynamicsThe rental market faces risks from intense competition and potential headwinds such as fluctuating used vehicle prices and persistent high interest rates.
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Ownership Overview
64.52% Insiders
15.47% Mutual Funds
12.73% Other Institutional Investors
7.28% 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 $93.53 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 Jul 29, 2024 which is in 87 days.
How were Avis Budget’s earnings last quarter?
Avis Budget released its earnings results on May 01, 2024. The company reported -$3.07 earnings per share for the quarter, missing the consensus estimate of -$2.938 by -$0.132.
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 $3.93.
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 -$3.07 in its last earnings report, missing expectations of -$2.938. Following the earnings report the stock price went up 20.074%.
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
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$169.50 (46.10% Upside)
$169.50 (46.10% 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
Very Negative
Last 7 Days ▼ 2.2%
Last 30 Days ▼ 1.3%
Last 30 Days ▼ 1.3%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-30.28%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
22.42%
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
Q1 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
$169.50
▲(46.10% Upside)
Technical Analysis
Best Analysts Covering CAR
1 Year
1 Year Success Rate
11/21 ratings generated profit
1 Year Average Return
+22.67%
reiterated a buy rating 24 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 +22.67% per trade.
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