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 $105.00 (represents a 29.01% upside from CAR’s last price of $81.39) and a rating consensus of 'Buy', based on 8 wall street analysts offering a 1-year stock forecast.
CAR Price Target
The average price target for Avis Budget Group (CAR) is $105.00 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $105.00 to $105.00. This represents a potential 29.01% upside from CAR's last price of $81.39.
CAR Analyst Ratings
According to 8 Wall Street analysts, Avis Budget Group's rating consensus is 'Buy'. The analyst rating breakdown for CAR stock is 0 'Strong Buy' (0.00%), 5 'Buy' (62.50%), 3 'Hold' (37.50%), 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 |
|---|---|---|---|---|---|---|
| Sep 19, 2024 | Dan Levy | Barclays | $105.00 | $85.08 | 23.41% | 29.01% |
| Apr 30, 2024 | Christopher Stathoulopoulos | Susquehanna | $117.00 | $103.56 | 12.98% | 43.75% |
| Apr 10, 2024 | Adam Jonas | Morgan Stanley | $187.00 | $123.56 | 51.34% | 129.76% |
| Apr 04, 2024 | Lizzie Dove | Goldman Sachs | $130.00 | $121.11 | 7.34% | 59.72% |
| Mar 25, 2024 | John Healy | Northcoast Research | $155.00 | $117.56 | 31.84% | 90.44% |
| Jan 25, 2024 | Chris Woronka | Deutsche Bank | $248.00 | $173.41 | 43.01% | 204.71% |
| Dec 06, 2022 | Susquehanna | $225.00 | $194.84 | 15.48% | 176.45% | |
| Jul 05, 2022 | Brian Johnson | Barclays | $158.00 | $155.50 | 1.61% | 94.13% |
| Jun 17, 2022 | Adam Jonas | Morgan Stanley | $156.00 | $160.83 | -3.00% | 91.67% |
| May 03, 2022 | Chris Woronka | Deutsche Bank | $193.00 | $274.88 | -29.79% | 137.13% |
| Apr 20, 2022 | Brian Johnson | Barclays | $245.00 | $320.99 | -23.67% | 201.02% |
| Apr 06, 2022 | John Murphy | Bank of America Securities | $240.00 | $246.44 | -2.61% | 194.88% |
| Feb 15, 2022 | Billy Kovanis | Morgan Stanley | $170.00 | $171.25 | -0.73% | 108.87% |
The latest Avis Budget Group stock forecast, released on Sep 19, 2024 by Dan Levy from Barclays, set a price target of $105.00, which represents a 23.41% increase from the stock price at the time of the forecast ($85.08), and a 29.01% increase from CAR last price ($81.39).
Avis Budget Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 6 |
| Avg Price Target | - | - | $157.00 |
| Last Closing Price | $81.39 | $81.39 | $81.39 |
| Upside/Downside | -100.00% | -100.00% | 92.90% |
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 $81.39. 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 |
|---|---|---|---|---|
| Nov 04, 2024 | Jefferies | Buy | Buy | Hold |
| 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 | |
| Nov 01, 2022 | Morgan Stanley | Underweight | Underweight | Hold |
| Jul 12, 2022 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Apr 20, 2022 | Barclays | Equal-Weight | Upgrade | |
| Feb 15, 2022 | Morgan Stanley | Underweight | Underweight | Hold |
| Nov 30, 2021 | Morgan Stanley | Underweight | Underweight | Hold |
Avis Budget Group's last stock rating was published by Jefferies on Nov 04, 2024. The company gave CAR a "Buy" 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 | Jun 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 | $3.24B | $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 | $2.79B | $3.54B | $3.05B | $2.51B | $2.73B | $3.53B | $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 | $2.94B | $3.87B | $3.43B | $2.76B | $2.82B | $3.57B | $3.08B | $2.53B | $2.77B | $3.55B | $3.13B | $2.52B | $2.88B | $3.63B | $3.24B | $2.56B | $2.70B | $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 |
| Low Forecast | $2.89B | $3.80B | $3.37B | $2.71B | $2.76B | $3.50B | $3.02B | $2.48B | $2.69B | $3.51B | $3.13B | $2.52B | $2.75B | $3.54B | $3.18B | $2.51B | $2.65B | $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 |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 2 | 2 | 2 | 4 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 15 | 9 | 9 | 16 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 0.99% | 0.97% | 1.01% | 1.04% | 1.00% | 1.02% | 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 $2.52B, and a high forecast of $2.52B. 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 2 | 2 | 2 | 4 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 15 | 9 | 9 | 16 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $289.00M | $891.00M | $717.00M | $530.00M | $652.00M | $1.47B | $1.21B | $814.00M | $1.35B | $1.51B | $1.22B | $524.00M | $536.00M | $811.00M | $72.00M | $547.00M | $811.00M | $1.25B |
| Avg Forecast | $1.44B | $1.90B | $1.68B | $1.36B | $1.38B | $1.75B | $1.51B | $1.24B | $1.35B | $1.75B | $1.55B | $1.50B | $1.39B | $1.78B | $1.59B | $1.36B | $1.32B | $788.34M | $707.70M | $1.24B | $520.79M | $596.77M | $441.00M | $722.14M | $287.75M | $321.65M | $160.39M | $718.70M | $463.25M | $632.41M |
| High Forecast | $1.46B | $1.92B | $1.70B | $1.37B | $1.39B | $1.77B | $1.52B | $1.25B | $1.37B | $1.76B | $1.55B | $1.80B | $1.42B | $1.79B | $1.60B | $1.64B | $1.58B | $788.34M | $707.70M | $1.49B | $520.79M | $596.77M | $441.00M | $866.57M | $287.75M | $321.65M | $160.39M | $862.43M | $463.25M | $632.41M |
| Low Forecast | $1.43B | $1.88B | $1.67B | $1.34B | $1.37B | $1.73B | $1.49B | $1.23B | $1.33B | $1.74B | $1.55B | $1.20B | $1.36B | $1.75B | $1.58B | $1.09B | $1.06B | $788.34M | $707.70M | $990.95M | $520.79M | $596.77M | $441.00M | $577.71M | $287.75M | $321.65M | $160.39M | $574.96M | $463.25M | $632.41M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.21% | 0.50% | 0.45% | 0.39% | 0.49% | 1.86% | 1.70% | 0.66% | 2.59% | 2.54% | 2.77% | 0.73% | 1.86% | 2.52% | 0.45% | 0.76% | 1.75% | 1.98% |
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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 2 | 2 | 2 | 4 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 15 | 9 | 9 | 16 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $259.00M | $626.00M | $435.00M | $312.00M | $423.00M | $1.03B | $778.00M | $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 | $67.79M | $357.14M | $91.15M | $-112.78M | $-36.65M | $294.92M | $88.85M | $573.30M | $148.33M | $506.35M | $337.32M | $521.18M | $356.66M | $522.57M | $409.96M | $473.80M | $219.59M | $245.36M | $83.75M | $-273.42M | $-22.71M | $14.12M | $-202.92M | $-195.78M | $17.77M | $129.77M |
| High Forecast | $132.95M | $510.36M | $323.30M | $160.62M | $68.55M | $361.16M | $92.17M | $-110.89M | $-3.78M | $305.22M | $88.85M | $687.96M | $167.04M | $595.39M | $341.11M | $625.42M | $427.99M | $522.57M | $409.96M | $568.56M | $219.59M | $245.36M | $83.75M | $-218.73M | $-22.71M | $14.12M | $-202.92M | $-156.63M | $17.77M | $129.77M |
| Low Forecast | $129.80M | $498.26M | $315.64M | $156.81M | $66.93M | $352.60M | $89.99M | $-114.41M | $-79.73M | $284.62M | $88.84M | $458.64M | $132.68M | $464.51M | $333.03M | $416.94M | $285.33M | $522.57M | $409.96M | $379.04M | $219.59M | $245.36M | $83.75M | $-328.10M | $-22.71M | $14.12M | $-202.92M | $-234.94M | $17.77M | $129.77M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.75% | 1.24% | 1.29% | 0.60% | 1.19% | 1.98% | 1.90% | 1.12% | 1.74% | 2.75% | 4.75% | 0.62% | 3.96% | 3.19% | 2.37% | 0.81% | 7.99% | 1.46% |
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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 2 | 2 | 2 | 4 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 15 | 9 | 9 | 16 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $309.00M | $397.00M | $378.00M | $324.00M | $322.00M | $384.00M | $359.00M | $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 | $344.77M | $436.83M | $376.61M | $309.58M | $337.09M | $436.47M | $386.59M | $306.70M | $346.53M | $443.36M | $397.09M | $278.82M | $287.57M | $436.77M | $392.10M | $253.47M | $288.54M | $330.64M | $244.33M | $292.72M | $159.43M | $178.21M | $88.86M | $311.02M | $256.66M | $350.38M |
| High Forecast | $363.44M | $478.23M | $423.89M | $341.24M | $347.75M | $440.61M | $379.86M | $313.08M | $342.02M | $438.81M | $386.59M | $368.04M | $355.19M | $448.05M | $400.53M | $334.58M | $345.08M | $436.77M | $392.10M | $304.16M | $288.54M | $330.64M | $244.33M | $351.26M | $159.43M | $178.21M | $88.86M | $373.23M | $256.66M | $350.38M |
| Low Forecast | $356.80M | $469.49M | $416.14M | $335.00M | $341.40M | $432.55M | $372.92M | $306.07M | $332.15M | $434.13M | $386.59M | $245.36M | $339.10M | $436.76M | $393.21M | $223.05M | $230.05M | $436.77M | $392.10M | $202.78M | $288.54M | $330.64M | $244.33M | $234.17M | $159.43M | $178.21M | $88.86M | $248.82M | $256.66M | $350.38M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.89% | 0.90% | 0.95% | 1.16% | 1.12% | 0.88% | 0.92% | 1.12% | 1.07% | 1.09% | 1.20% | 0.62% | 0.97% | 0.93% | 1.49% | 0.81% | 1.13% | 1.00% |
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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 2 | 2 | 2 | 4 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 15 | 9 | 9 | 16 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $6.60 | $16.96 | $11.13 | $7.88 | $10.32 | $22.08 | $16.05 | $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 | $1.90 | $10.00 | $2.55 | $-3.16 | $-1.03 | $8.26 | $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 | $3.72 | $14.30 | $9.06 | $4.50 | $1.92 | $10.12 | $2.58 | $-3.11 | $-0.11 | $8.55 | $2.49 | $-2.90 | $4.68 | $16.68 | $9.55 | $3.11 | $6.75 | $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 |
| Low Forecast | $3.64 | $13.96 | $8.84 | $4.39 | $1.87 | $9.88 | $2.52 | $-3.20 | $-2.23 | $7.97 | $2.49 | $-2.97 | $3.72 | $13.01 | $9.33 | $3.03 | $6.59 | $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 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.59% | 1.20% | 1.18% | 2.56% | 1.55% | 1.51% | 1.40% | 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 $-2.97 and a high estimate of $-2.90. 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 | $6.70 | $9.00 | 34.33% | Hold |
| AAN | Aaron's Company | $10.09 | $13.03 | 29.14% | Hold |
| CAR | Avis Budget Group | $81.39 | $105.00 | 29.01% | Buy |
| URI | United Rentals | $723.37 | $912.50 | 26.15% | Buy |
| AL | Air Lease | $49.21 | $59.50 | 20.91% | Buy |
| GATX | GATX | $157.72 | $185.00 | 17.30% | Hold |
| HEES | H&E Equipment Services | $50.21 | $58.00 | 15.51% | Buy |
| HRI | Herc | $191.45 | $208.50 | 8.91% | Buy |
| MGRC | McGrath RentCorp | $112.56 | $120.00 | 6.61% | Buy |
| R | Ryder System | $157.45 | $155.00 | -1.56% | Buy |