Avis Budget Group (CAR) stock forecast for 2024. Forecast tables and graphs.







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Avis Budget Group (CAR) stock forecast for 2024

Updated: June 23, 2024 (09:46)

Sector: Industrials

The share price of Avis Budget Group, Inc. (CAR) now

What analysts predict: $151
52-week High/Low: $232.73 / $93.53

50/200 Day Moving Average: $111.07 / $149.86

This figure corresponds to the Average Price over the previous 50/200 days. For Avis Budget Group stocks, the 50-day moving average is the resistance level today.

For Avis Budget Group stocks, the 200-day moving average is the resistance level today.

Are you interested in Avis Budget Group, Inc. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Avis Budget Group stock price in 2024. How much will one Avis Budget Group share be worth in 2024? Is it worth taking profit / loss on CAR stock now or waiting? What are analysts' forecasts for Avis Budget Group stock?

We forecast Avis Budget Group stock performance using neural networks based on historical data on CAR stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.

Avis Budget Group, Inc. stock forecasts are adjusted once a day based on the closing price of the previous trading day.

The minimum target price for Avis Budget Group analysts is $151. Today 200 Day Moving Average is the resistance level (149.86 $). 50 Day Moving Average is the support level (111.07 $).




Historical and forecast chart of Avis Budget Group, Inc. stock

The chart below shows the historical price of Avis Budget Group stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the CAR stock price can be found in the table below.


Avis Budget Group is an American holding company that unites a group of car rental companies: Avis Car Rental, Budget Car Rental, Budget Truck Rental, Payless Car Rental, Apex Car Rentals, Maggiore Group and Zipcar. The company is headquartered in Parsippany, New Jersey, USA. Since 2011, Avis Budget has been the leading public car rental company in North America, Australia and New Zealand.

Avis Budget Group (CAR) Forecast for 2024

Month Target Pes. Opt. Vol., %
Jul 109.51 105.23 122.36 14.00 %
Aug 103.74 97.04 117.50 17.41 %
Sep 105.51 92.59 111.78 17.17 %
Oct 88.65 78.70 96.94 18.81 %
Nov 74.78 68.17 77.83 12.41 %
Dec 78.98 73.20 88.24 17.04 %

Avis Budget Group information and performance

Avis Budget Group Address

6 SYLVAN WAY, PARSIPPANY, NJ, US

Market Capitalization: 3 984 287 000 $

Market capitalization of the Avis Budget Group, Inc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of CAR shares in the company outstanding by the market price of one share.

EBITDA: 2 670 000 000 $

EBITDA of Avis Budget Group is earnings before interest, income tax and depreciation of assets.

PE Ratio: 3.588

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: 1.76

Price/earnings to growth

DPS: N/A

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: N/A

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: 31.15

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: -0.288
Quarterly Revenue Growth YOY: -0.002
Trailing PE: 3.588

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: 5.33

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 2.368

Enterprise Value (EV) /Revenue

EV To EBITDA: 5.3

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 35647200

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A

Avis Budget Group price target for 2024 by month


Target values for the price of one Avis Budget Group share for Jul 2024.

The weighted average target price per Avis Budget Group share in Jul 2024 is: 109.51.
In Jul, the Positive dynamics for Avis Budget Group, Inc. shares will prevail with possible monthly volatility of 13.998% volatility is expected.
Pessimistic target level: 105.23
Optimistic target level: 122.36

Target values for the price of one Avis Budget Group share for Aug 2024.

The weighted average target price per Avis Budget Group share in Aug 2024 is: 103.74.
In Aug, the Negative dynamics for Avis Budget Group, Inc. shares will prevail with possible monthly volatility of 17.411% volatility is expected.
Pessimistic target level: 97.04
Optimistic target level: 117.50

Target values for the price of one Avis Budget Group share for Sep 2024.

The weighted average target price per Avis Budget Group share in Sep 2024 is: 105.51.
In Sep, the Positive dynamics for Avis Budget Group, Inc. shares will prevail with possible monthly volatility of 17.168% volatility is expected.
Pessimistic target level: 92.59
Optimistic target level: 111.78

Target values for the price of one Avis Budget Group share for Oct 2024.

The weighted average target price per Avis Budget Group share in Oct 2024 is: 88.65.
In Oct, the Negative dynamics for Avis Budget Group, Inc. shares will prevail with possible monthly volatility of 18.811% volatility is expected.
Pessimistic target level: 78.70
Optimistic target level: 96.94

Target values for the price of one Avis Budget Group share for Nov 2024.

The weighted average target price per Avis Budget Group share in Nov 2024 is: 74.78.
In Nov, the Negative dynamics for Avis Budget Group, Inc. shares will prevail with possible monthly volatility of 12.414% volatility is expected.
Pessimistic target level: 68.17
Optimistic target level: 77.83

Target values for the price of one Avis Budget Group share for Dec 2024.

The weighted average target price per Avis Budget Group share in Dec 2024 is: 78.98.
In Dec, the Positive dynamics for Avis Budget Group, Inc. shares will prevail with possible monthly volatility of 17.041% volatility is expected.
Pessimistic target level: 73.20
Optimistic target level: 88.24



Avis Budget Group (CAR) stock dividend

Avis Budget Group last paid dividends on 12/14/2023. The next scheduled payment will be on 12/21/2023. The amount of dividends is $0 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.

Last Split Factor:

Last Split Date: 01/01/1970

Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization.

For example, a 5: 1 ratio means that the value of one share will decrease 5 times, the total amount will increase 5 times. It is important to understand that this procedure does not change the capitalization of the company, as well as the total value of assets held in private hands.


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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.