Avis Budget Group (CAR) – Research Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Avis Budget Group (NASDAQ: CAR):

• 11/18/2024 – Avis Budget Group was downgraded by analysts at Northcoast Research from a “buy” rating to a “neutral” rating.
• 11/5/2024 – Avis Budget Group had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $145.00 to $143.00. They now have a “buy” rating on the stock.
• 11/4/2024 – Avis Budget Group had its price target lowered by analysts at JPMorgan Chase & Co. from $175.00 to $150.00. They now have an “overweight” rating on the stock.
• 11/4/2024 – Avis Budget Group was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 10/11/2024 – Avis Budget Group had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $105.00 to $90.00. They now have a “neutral” rating on the stock.

Avis Budget Group Stock Up 1.0 %

Avis Budget Group stock opened at $102.67 on Monday. Avis Budget Group, Inc. has a 52-week low of $65.73 and a 52-week high of $204.77. The company has a market cap of $3.61 billion, a P/E ratio of 9.38 and a beta of 2.14. The business has a 50-day simple moving average of $88.57 and a two-hundred day simple moving average of $95.93.

Avis Budget Group (NASDAQ:CAR) last announced its quarterly earnings data on Thursday, October 31st. The business services provider reported $6.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.55 by ($1.90). The firm had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Avis Budget Group had a negative return on equity of 101.41% and a net margin of 3.34%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period last year, the company earned $16.78 earnings per share. Research analysts anticipate that Avis Budget Group, Inc. will post 5.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Central Valley Advisors LLC bought a new stake in shares of Avis Budget Group during the second quarter worth $25,000. EntryPoint Capital LLC boosted its position in Avis Budget Group by 119.2% in the 1st quarter. EntryPoint Capital LLC now owns 228 shares of the business services provider’s stock valued at $28,000 after buying an additional 124 shares during the period. Strategic Investment Solutions Inc. IL grew its stake in Avis Budget Group by 198.3% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 361 shares of the business services provider’s stock worth $32,000 after acquiring an additional 240 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Avis Budget Group by 293.3% in the third quarter. Nisa Investment Advisors LLC now owns 409 shares of the business services provider’s stock worth $36,000 after purchasing an additional 305 shares in the last quarter. Finally, Signaturefd LLC raised its position in Avis Budget Group by 180.0% during the 2nd quarter. Signaturefd LLC now owns 714 shares of the business services provider’s stock valued at $75,000 after purchasing an additional 459 shares in the last quarter. Institutional investors own 96.35% of the company’s stock.

Avis Budget Group, Inc, together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers in the Americas, Europe, the Middle East and Africa, Asia, and Australasia. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; and the Zipcar brand, a car sharing network, as well as the Budget brand, a supplier of vehicle rental and other mobility solutions focused primarily on more value-conscious customers comprising Budget car rental, and Budget Truck, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 19,000 vehicles, which are rented through a network of dealer-operated and company-operated locations that serve the light commercial and consumer sectors in the continental United States.