Avis Budget Group Stock Buy or Sell? CAR Stocks Forecast

Market Capitalization: 6 658 562 000 $
EBITDA: 3 327 000 000 $
Price to Earnings: 4.036
Quarterly Earnings Growth YOY: -0.226
Quarterly Revenue Growth YOY: 0.005
Trailing PE: 4.036
Forward PE: 6.47
Shares Outstanding: 36221300

Avis Budget Group Stock Buy or Sell? CAR Stocks Analytic Forecasts

Updated on December 5, 2023 (00:51)

Avis Budget Group, Inc. (CAR prediction charts) Sector: Industrials

We present you the most up-to-date and complete review of analytical trend forecasts and views on the CAR stock market. Experts share their opinions on what to expect from the Avis Budget Group, Inc. stock market. How likely is the stock price to move in a bullish or bearish trend. Which should help you to make the right decision whether to Buy or Sell Avis Budget Group stocks.

Avis Budget Group, Inc. Stock Market Experts’ Analysis and Forecasting – Sell or Buy CAR Shares?

The most recent analytical view which can help you to answer the worrying question: Should I Buy Stocks Now or Wait? came out under the authorship of Wealth Analytics and is titled

“Avis Budget Group: Struggling In An Industry Faced With Disruption”

is published on November 19 (2023) and has 0 likes. The review predicts Neutral market trend.

It summarize the following theses:

  • Avis Budget Group, Inc. is facing pressure from rising interest rates and a shift towards car-sharing services, impacting its access to capital and share price volatility.
  • The company operates in the American car rental industry with a diverse portfolio of brands but faces competition from companies like Ryder System, Inc. and Hertz Global Holdings, Inc.
  • The car rental sector is undergoing significant transformation due to the rise of car-sharing services, presenting both opportunities and challenges for companies like CAR.

The author starts his analytic review with the following:

Investment Rundown Avis Budget Group, Inc. (NASDAQ:CAR) stock has gone down over 17% in the last 12 months and the question arises if CAR will continue to slide in valuation. I do think that this will continue because the rise in interest rates is putting pressure on everyday Americans’ spending power. With less capital available leaves less capital available for car rental companies like CAR to have access to. Besides, the share price has been incredibly volatile for the company and the industry is steadily seeing shifts towards car-sharing services rather than rental. CAR will likely need to invest quite heavily to maintain a strong position here and keep up with competitors. I think the coming quarters will continue to see a rise in long-term debts and that might put pressure on the bottom line as interest expenses rise. CAR is a larger business with TTM revenues of over $12 billion, putting it at a p/s of under 0.6 on an FWD basis. I still think it’s rather risky as the disruption caused by car-sharing services may impact coming results for CAR unless their Zipcar asset grows rapidly and offsets losses in other markets. Because of these uncertainties, I am more comfortable rating CAR a hold for now, and potentially a buy, depending on how the industry evolves. It should be said that investors are still getting quite a lot of value from holding shares as CAR continues to quite aggressively buy back shares right now.

Wealth Analytics has already 824 followers,
which shows, he is the one who cares for his words. Wealth Analytics has 185 works published.
The contributor of experts community since 2023

One more noteworthy article is written by Blue Chip Portfolios under the title

“Avis Budget Group: Value Play Or Value Trap?”

on November 13 (2023) and has 0 likes. The expert reflects Bullish trend of the market.

Нis theses make you think about whether to add CAR stocks to your investment portfolio or not, and helps to work out your own Avis Budget Group stock selling strategies:

  • Avis Budget Group has underperformed the S&P 500 since going public in 1997 but has outperformed over the past 10 years.
  • CAR is a cheap stock as investors are skeptical regarding the company’s future prospects.
  • CAR has delivered strong results over the past few years and has repurchased nearly 50% of its outstanding shares over the past 3 years.
  • CAR trades cheap relative to the S&P 500 due to the highly volatile nature of earnings.
  • I am initiating CAR with a buy rating and would consider downgrading the company if financial performance falters or the stock rises and is no longer attractively valued.

Blue Chip Portfolios starts analysis with such words:

Avis Budget Group (NASDAQ:CAR) became a public company in 1997. Since then, CAR shares have proved a disappointing investment. Since going public, CAR has delivered a total return of 616.3% compared to a total return of 1,330% delivered by the S&P 500. However, CAR has performed much better over recent time frames delivering a total return of 486% over the past 10 years compared to a return of 194% delivered by the S&P 500.

Blue Chip Portfolios has already 959 followers, which shows, he is the one who cares for his words.
The contributor of experts community since 2011. Has published at least 516 articles.

Another analysis presented by Allen Greathouse came out on August 28 (2023). Obviously, coupled with the newer reviews, this forecasting could be useful to find out the best trading strategy for CAR stocks. It sounds like

“Avis Budget Group: Ripe For Disruption”

Article has got 0 likes at the moment and forecasting Bearish trend of the market.

Summarizing the information presented in the review concerning the Avis Budget Group, Inc., the expert says the following:

  • Avis Budget Group, a prominent player in the rental car industry, is facing disruption from car-sharing services.
  • The rise of car-sharing has increased the supply of rental cars and lowered prices, potentially impacting Avis’ profitability.
  • Avis’ heavy reliance on airport sales and plateauing revenue growth are additional challenges investors should consider.

And here, what comes first:

Introduction Ah capitalism, the creative force which can both create and destroy wealth and power. Over the course of time, capitalism has led the way to scores of new industries, while at the same destroying so many old ones. Gone are the days when milk is delivered by the milkman, heck, for many of us, gone are the days of drinking milk entirely!

Allen Greathouse has already 1347 followers, which shows, he is the one who cares for his words.
The contributor of experts community since 2022. Has already 65 analytic reviews published.

The Share Price of Avis Budget Group, Inc. (CAR) for now

What analysts predict: $248.8
52-week high/low: $251.26 / $153.55

50/200 Day Moving Average: $180.7 / $197.13

The average stock price over the previous 50/200 days. For Avis Budget Group stocks, the 50-day moving average is the resistance level for now. For CAR stocks, the 200-day moving average is the resistance level today.

See the Detailed Predictions for CAR stock with charts and tables

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