Avis Budget Group (CAR) Stock Forecast, Price Target & Predictions
CAR Stock Forecast
Avis Budget Group stock forecast is as follows: an average price target of $176.43 (represents a 155.33% upside from CAR’s last price of $69.10) and a rating consensus of 'Buy', based on 7 wall street analysts offering a 1-year stock forecast.
CAR Price Target
The average price target for Avis Budget Group (CAR) is $176.43 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $248.00 to $117.00. This represents a potential 155.33% upside from CAR's last price of $69.10.
CAR Analyst Ratings
According to 7 Wall Street analysts, Avis Budget Group's rating consensus is 'Buy'. The analyst rating breakdown for CAR stock is 0 'Strong Buy' (0.00%), 4 'Buy' (57.14%), 3 'Hold' (42.86%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Avis Budget Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Apr 30, 2024 | Christopher Stathoulopoulos | Susquehanna | $117.00 | $103.56 | 12.98% | 69.32% |
| Apr 10, 2024 | Adam Jonas | Morgan Stanley | $187.00 | $123.56 | 51.34% | 170.62% |
| Apr 04, 2024 | Lizzie Dove | Goldman Sachs | $130.00 | $121.11 | 7.34% | 88.13% |
| Mar 25, 2024 | John Healy | Northcoast Research | $155.00 | $117.56 | 31.84% | 124.31% |
| Jan 25, 2024 | Chris Woronka | Deutsche Bank | $248.00 | $173.41 | 43.01% | 258.90% |
| Dec 06, 2022 | - | Susquehanna | $225.00 | $194.84 | 15.48% | 225.62% |
| Jul 05, 2022 | Brian Johnson | Barclays | $158.00 | $155.50 | 1.61% | 128.65% |
| Jun 17, 2022 | Adam Jonas | Morgan Stanley | $156.00 | $160.83 | -3.00% | 125.76% |
| May 03, 2022 | Chris Woronka | Deutsche Bank | $193.00 | $274.88 | -29.79% | 179.31% |
| Apr 20, 2022 | Brian Johnson | Barclays | $245.00 | $320.99 | -23.67% | 254.56% |
The latest Avis Budget Group stock forecast, released on Apr 30, 2024 by Christopher Stathoulopoulos from Susquehanna, set a price target of $117.00, which represents a 12.98% increase from the stock price at the time of the forecast ($103.56), and a 69.32% increase from CAR last price ($69.10).
Avis Budget Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 5 |
| Avg Price Target | - | - | $167.40 |
| Last Closing Price | $69.10 | $69.10 | $69.10 |
| Upside/Downside | -100.00% | -100.00% | 142.26% |
In the current month, the average price target of Avis Budget Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Avis Budget Group's last price of $69.10. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 05, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Aug 05, 2024 | Goldman Sachs | Neutral | Neutral | Hold |
| Aug 05, 2024 | Susquehanna | Neutral | Neutral | Hold |
| Apr 30, 2024 | Susquehanna | Neutral | Neutral | Hold |
| Apr 04, 2024 | Goldman Sachs | - | Neutral | Upgrade |
| Mar 25, 2024 | Northcoast Research | - | Buy | Upgrade |
| Mar 19, 2024 | Bank of America Securities | - | Buy | Initialise |
| Jan 25, 2024 | Deutsche Bank | - | Buy | Upgrade |
| Jun 20, 2023 | Morgan Stanley | Underweight | Overweight | Upgrade |
| Dec 06, 2022 | Susquehanna | - | Neutral | Initialise |
Avis Budget Group's last stock rating was published by Morgan Stanley on Aug 05, 2024. The company gave CAR a "Overweight" rating, the same as its previous rate.
Avis Budget Group Financial Forecast
Avis Budget Group Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $2.76B | $3.56B | $3.12B | $2.56B | $2.77B | $3.55B | - | $2.43B | $2.69B | $3.15B | $2.41B | $1.42B | $1.39B | $1.64B | $762.00M | $1.76B | $2.17B | $2.79B |
| Avg Forecast | $2.92B | $3.84B | $3.40B | $2.74B | $2.84B | $3.65B | $3.13B | $2.56B | $2.79B | $3.56B | $3.13B | $2.52B | $2.81B | $3.59B | $3.21B | $2.54B | $2.67B | $3.54B | $3.17B | $2.16B | $2.34B | $2.68B | $1.98B | $1.31B | $1.29B | $1.44B | $719.43M | $1.74B | $2.08B | $2.84B |
| High Forecast | $2.95B | $3.89B | $3.44B | $2.77B | $2.88B | $3.70B | $3.17B | $2.59B | $2.83B | $3.58B | $3.17B | $2.55B | $2.88B | $3.63B | $3.25B | $2.57B | $2.71B | $3.58B | $3.17B | $2.26B | $2.45B | $2.80B | $2.07B | $1.38B | $1.35B | $1.51B | $753.62M | $1.83B | $2.18B | $2.97B |
| Low Forecast | $2.85B | $3.75B | $3.33B | $2.68B | $2.78B | $3.57B | $3.07B | $2.51B | $2.73B | $3.53B | $3.06B | $2.46B | $2.75B | $3.54B | $3.14B | $2.48B | $2.61B | $3.46B | $3.17B | $1.78B | $1.92B | $2.20B | $1.63B | $1.08B | $1.06B | $1.19B | $592.41M | $1.44B | $1.71B | $2.34B |
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 2 | 4 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 0.99% | 0.97% | 1.01% | 1.04% | 1.00% | - | 1.13% | 1.15% | 1.18% | 1.22% | 1.08% | 1.08% | 1.14% | 1.06% | 1.01% | 1.05% | 0.98% |
Avis Budget Group's average Quarter revenue forecast for Mar 24 based on 2 analysts is $2.52B, with a low forecast of $2.46B, and a high forecast of $2.55B. CAR's average Quarter revenue forecast represents a -8.80% decrease compared to the company's last Quarter revenue of $2.76B (Dec 23).
Avis Budget Group EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 2 | 4 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $289.00M | $891.00M | $717.00M | $530.00M | $652.00M | $1.47B | - | $814.00M | $1.35B | $1.51B | $1.22B | $524.00M | $536.00M | $811.00M | $72.00M | $547.00M | $811.00M | $1.25B |
| Avg Forecast | $650.36M | $855.76M | $758.52M | $610.62M | $633.72M | $814.45M | $698.90M | $571.40M | $622.06M | $794.23M | $697.76M | $1.50B | $625.45M | $800.22M | $716.72M | $1.36B | $595.98M | $848.91M | $707.70M | $1.24B | $1.20B | $771.74M | $779.15M | $722.14M | $809.20M | $321.65M | $128.79M | $718.70M | $519.16M | $1.56B |
| High Forecast | $658.47M | $866.43M | $767.98M | $618.24M | $641.62M | $824.61M | $707.62M | $578.53M | $629.82M | $798.65M | $706.46M | $1.80B | $641.09M | $808.70M | $725.66M | $1.64B | $603.42M | $1.02B | $707.70M | $1.49B | $1.44B | $926.09M | $934.98M | $866.57M | $971.04M | $336.94M | $154.55M | $862.43M | $622.99M | $1.87B |
| Low Forecast | $635.89M | $836.72M | $741.64M | $597.03M | $619.62M | $796.33M | $683.35M | $558.69M | $608.22M | $787.59M | $682.24M | $1.20B | $612.05M | $788.32M | $700.77M | $1.09B | $582.72M | $679.13M | $707.70M | $990.95M | $960.14M | $617.39M | $623.32M | $577.71M | $647.36M | $264.87M | $103.03M | $574.96M | $415.32M | $1.24B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.46% | 1.11% | 1.00% | 0.39% | 1.09% | 1.73% | - | 0.66% | 1.13% | 1.96% | 1.57% | 0.73% | 0.66% | 2.52% | 0.56% | 0.76% | 1.56% | 0.81% |
2 analysts predict CAR's average Quarter EBITDA for Mar 24 to be $1.50B, with a high of $1.80B and a low of $1.20B. This is 418.62% upper than Avis Budget Group's previous annual EBITDA (Dec 23) of $289.00M.
Avis Budget Group Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 2 | 4 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $259.00M | $626.00M | $435.00M | $312.00M | $423.00M | $1.03B | - | $529.00M | $381.00M | $675.00M | $398.00M | $-170.00M | $-90.00M | $45.00M | $-481.00M | $-158.00M | $142.00M | $189.00M |
| Avg Forecast | $131.47M | $504.68M | $319.70M | $158.83M | $120.33M | $461.74M | $123.36M | $-75.54M | $36.64M | $313.09M | $88.85M | $573.30M | $148.33M | $506.35M | $337.32M | $521.18M | $238.30M | $362.21M | $408.81M | $473.80M | $324.23M | $329.28M | $243.03M | $-273.42M | $-126.00M | $224.10M | $-487.77M | $-195.78M | $84.35M | $224.31M |
| High Forecast | $133.60M | $512.87M | $324.89M | $161.41M | $122.28M | $469.23M | $125.36M | $-73.36M | $37.23M | $343.60M | $90.29M | $687.96M | $167.04M | $595.39M | $342.79M | $625.42M | $242.17M | $434.65M | $408.81M | $568.56M | $389.08M | $395.14M | $291.63M | $-218.73M | $-100.80M | $268.92M | $-390.22M | $-156.63M | $101.22M | $269.17M |
| Low Forecast | $127.67M | $490.09M | $310.46M | $154.24M | $116.85M | $448.39M | $119.79M | $-76.76M | $35.58M | $290.90M | $86.28M | $458.64M | $132.68M | $464.51M | $327.56M | $416.94M | $231.41M | $289.77M | $408.81M | $379.04M | $259.39M | $263.43M | $194.42M | $-328.10M | $-151.20M | $179.28M | $-585.33M | $-234.94M | $67.48M | $179.45M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.75% | 1.24% | 1.29% | 0.60% | 1.78% | 2.85% | - | 1.12% | 1.18% | 2.05% | 1.64% | 0.62% | 0.71% | 0.20% | 0.99% | 0.81% | 1.68% | 0.84% |
Avis Budget Group's average Quarter net income forecast for Mar 24 is $573.30M, with a range of $458.64M to $687.96M. CAR's average Quarter net income forecast represents a 121.35% increase compared to the company's last Quarter net income of $259.00M (Dec 23).
Avis Budget Group SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 2 | 4 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $309.00M | $397.00M | $378.00M | $324.00M | $322.00M | $384.00M | - | $283.00M | $308.00M | $361.00M | $294.00M | $182.00M | $154.00M | $166.00M | $132.00M | $251.00M | $290.00M | $350.00M |
| Avg Forecast | $360.33M | $474.13M | $420.25M | $338.31M | $351.11M | $451.24M | $387.22M | $316.58M | $344.65M | $440.04M | $386.59M | $306.70M | $346.53M | $443.36M | $397.09M | $278.82M | $330.20M | $193.72M | $392.10M | $253.47M | $261.42M | $176.11M | $179.52M | $292.72M | $215.60M | $826.68M | $133.86M | $311.02M | $172.26M | $415.38M |
| High Forecast | $364.82M | $480.04M | $425.49M | $342.53M | $355.49M | $456.87M | $392.05M | $320.53M | $348.95M | $442.49M | $391.41M | $368.04M | $355.19M | $448.05M | $402.05M | $334.58M | $334.32M | $232.46M | $392.10M | $304.16M | $313.71M | $211.33M | $215.43M | $351.26M | $258.72M | $992.02M | $160.63M | $373.23M | $206.71M | $498.46M |
| Low Forecast | $352.31M | $463.58M | $410.90M | $330.78M | $343.30M | $441.20M | $378.61M | $309.54M | $336.98M | $436.36M | $377.99M | $245.36M | $339.10M | $436.76M | $388.26M | $223.05M | $322.85M | $154.97M | $392.10M | $202.78M | $209.14M | $140.88M | $143.62M | $234.17M | $172.48M | $661.34M | $107.09M | $248.82M | $137.81M | $332.31M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.89% | 0.90% | 0.95% | 1.16% | 0.98% | 1.98% | - | 1.12% | 1.18% | 2.05% | 1.64% | 0.62% | 0.71% | 0.20% | 0.99% | 0.81% | 1.68% | 0.84% |
Avis Budget Group's average Quarter SG&A projection for Mar 24 is $306.70M, based on 2 Wall Street analysts, with a range of $245.36M to $368.04M. The forecast indicates a -0.74% fall compared to CAR last annual SG&A of $309.00M (Dec 23).
Avis Budget Group EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 2 | 4 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $6.60 | $16.96 | $11.13 | $7.88 | $10.32 | $22.08 | - | $9.96 | $6.76 | $10.58 | $5.69 | $-2.43 | $-1.29 | $0.64 | $-6.91 | $-2.17 | $1.92 | $2.52 |
| Avg Forecast | $3.68 | $14.14 | $8.96 | $4.45 | $3.37 | $12.93 | $3.46 | $-2.12 | $1.03 | $8.77 | $2.49 | $-2.94 | $4.15 | $14.18 | $9.45 | $3.07 | $6.68 | $14.64 | $11.48 | $3.45 | $6.15 | $6.87 | $2.35 | $-1.99 | $-0.64 | $0.40 | $-5.68 | $-1.89 | $0.50 | $3.64 |
| High Forecast | $3.74 | $14.37 | $9.10 | $4.52 | $3.43 | $13.14 | $3.51 | $-2.05 | $1.04 | $9.62 | $2.53 | $-2.85 | $4.68 | $16.68 | $9.60 | $3.12 | $6.78 | $14.88 | $11.48 | $3.66 | $6.53 | $7.30 | $2.49 | $-1.53 | $-0.49 | $0.42 | $-4.38 | $-1.45 | $0.53 | $3.86 |
| Low Forecast | $3.58 | $13.73 | $8.70 | $4.32 | $3.27 | $12.56 | $3.36 | $-2.15 | $1.00 | $8.15 | $2.42 | $-2.99 | $3.72 | $13.01 | $9.18 | $2.98 | $6.48 | $14.21 | $11.48 | $2.66 | $4.74 | $5.30 | $1.81 | $-2.11 | $-0.68 | $0.30 | $-6.04 | $-2.00 | $0.38 | $2.80 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.59% | 1.20% | 1.18% | 2.56% | 1.55% | 1.51% | - | 2.89% | 1.10% | 1.54% | 2.43% | 1.22% | 2.03% | 1.62% | 1.22% | 1.15% | 3.86% | 0.69% |
According to 2 Wall Street analysts, Avis Budget Group's projected average Quarter EPS for Mar 24 is $-2.94, with a low estimate of $-2.99 and a high estimate of $-2.85. This represents a -144.51% decrease compared to CAR previous annual EPS of $6.60 (Dec 23).
Avis Budget Group Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| ALTG | Alta Equipment Group | $6.09 | $20.00 | 228.41% | Hold |
| CAR | Avis Budget Group | $69.16 | $176.43 | 155.10% | Buy |
| HRI | Herc | $132.07 | $177.67 | 34.53% | Buy |
| HEES | H&E Equipment Services | $43.37 | $58.00 | 33.73% | Buy |
| AAN | Aaron's Company | $10.01 | $13.03 | 30.17% | Hold |
| AL | Air Lease | $42.48 | $54.00 | 27.12% | Buy |
| R | Ryder System | $132.11 | $124.60 | -5.68% | Buy |
| URI | United Rentals | $681.10 | $475.40 | -30.20% | Buy |
CAR Forecast FAQ
Is Avis Budget Group a good buy?
Yes, according to 7 Wall Street analysts, Avis Budget Group (CAR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 57.14% of CAR's total ratings.
What is CAR's price target?
Avis Budget Group (CAR) average price target is $176.43 with a range of $117 to $248, implying a 155.33% from its last price of $69.1. The data is based on 7 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Avis Budget Group stock go up soon?
According to Wall Street analysts' prediction for CAR stock, the company can go up by 155.33% (from the last price of $69.1 to the average price target of $176.43), up by 258.90% based on the highest stock price target, and up by 69.32% based on the lowest stock price target.
Can Avis Budget Group stock reach $100?
CAR's average twelve months analyst stock price target of $176.43 supports the claim that Avis Budget Group can reach $100 in the near future.
What are Avis Budget Group's analysts' financial forecasts?
Avis Budget Group's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $12.19B (high $12.35B, low $11.92B), average EBITDA is $2.72B (high $2.75B, low $2.66B), average net income is $629.89M (high $643.51M, low $608.26M), average SG&A $1.51B (high $1.52B, low $1.47B), and average EPS is $17.64 (high $18.03, low $17.04). CAR's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $12.9B (high $13.06B, low $12.61B), average EBITDA is $2.88B (high $2.91B, low $2.81B), average net income is $1.11B (high $1.13B, low $1.08B), average SG&A $1.59B (high $1.61B, low $1.56B), and average EPS is $31.22 (high $31.73, low $30.32).
Did the CAR's actual financial results beat the analysts' financial forecasts?
Based on Avis Budget Group's last annual report (Dec 2023), the company's revenue was $12.01B, which missed the average analysts forecast of $12.15B by -1.15%. Apple's EBITDA was $2.42B, missing the average prediction of $3.5B by -30.87%. The company's net income was $1.63B, beating the average estimation of $1.51B by 7.85%. Apple's SG&A was $1.41B, missing the average forecast of $1.47B by -3.94%. Lastly, the company's EPS was $42.57, beating the average prediction of $30.86 by 37.94%. In terms of the last quarterly report (Dec 2023), Avis Budget Group's revenue was $2.76B, missing the average analysts' forecast of $2.81B by -1.48%. The company's EBITDA was $289M, missing the average prediction of $625.45M by -53.79%. Avis Budget Group's net income was $259M, beating the average estimation of $148.33M by 74.61%. The company's SG&A was $309M, missing the average forecast of $346.53M by -10.83%. Lastly, the company's EPS was $6.6, beating the average prediction of $4.15 by 58.85%