Avis Budget Group (CAR) stock forecast for 2024
Last update: September 20, 2023 (13:22)
Sector: IndustrialsThe share price of Avis Budget Group, Inc. (CAR) now
50/200 Day Moving Average: $221.63 / $199.1
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 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 Avis Budget Group 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 Avis Budget Group stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. The Avis Budget Group stock prediction results are shown below and presented as a graph, table and text information.
Avis Budget Group 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 $251.
Today 200 Day Moving Average is the support level (199.1 $).
50 Day Moving Average is the resistance level (221.63 $).
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Avis Budget Group: Ripe For Disruption
Historical and forecast chart of Avis Budget Group 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 Avis Budget Group stock price can be found in the table below.
Avis Budget Group (CAR) Forecast for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 196.83 | 184.08 | 205.81 | 10.56 % |
| Feb | 192.35 | 182.65 | 196.96 | 7.27 % |
| Mar | 205.50 | 200.08 | 222.52 | 10.09 % |
| Apr | 199.09 | 182.85 | 211.04 | 13.36 % |
| May | 190.49 | 180.43 | 202.61 | 10.94 % |
| Jun | 192.32 | 174.78 | 200.17 | 12.68 % |
| Jul | 182.63 | 169.92 | 188.54 | 9.88 % |
| Aug | 165.97 | 151.83 | 177.92 | 14.66 % |
| Sep | 146.05 | 140.10 | 157.45 | 11.02 % |
| Oct | 163.06 | 151.71 | 174.40 | 13.01 % |
| Nov | 181.84 | 170.06 | 194.28 | 12.47 % |
| Dec | 177.91 | 167.24 | 190.29 | 12.12 % |
Avis Budget Group information and performance
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.
6 SYLVAN WAY, PARSIPPANY, NJ, US
Market capitalization is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of shares in the company outstanding by the market price of one share.
EBITDA is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
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.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
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 P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Avis Budget Group price target for 2024 by month
Target values for the price of one Avis Budget Group share for Jan 2024.
In Jan, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 10.559% volatility is expected.
Pessimistic target level: 184.08
Optimistic target level: 205.81
Target values for the price of one Avis Budget Group share for Feb 2024.
In Feb, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 7.266% volatility is expected.
Pessimistic target level: 182.65
Optimistic target level: 196.96
Target values for the price of one Avis Budget Group share for Mar 2024.
In Mar, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 10.085% volatility is expected.
Pessimistic target level: 200.08
Optimistic target level: 222.52
Target values for the price of one Avis Budget Group share for Apr 2024.
In Apr, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 13.358% volatility is expected.
Pessimistic target level: 182.85
Optimistic target level: 211.04
Target values for the price of one Avis Budget Group share for May 2024.
In May, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 10.944% volatility is expected.
Pessimistic target level: 180.43
Optimistic target level: 202.61
Target values for the price of one Avis Budget Group share for Jun 2024.
In Jun, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 12.682% volatility is expected.
Pessimistic target level: 174.78
Optimistic target level: 200.17
Target values for the price of one Avis Budget Group share for Jul 2024.
In Jul, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 9.880% volatility is expected.
Pessimistic target level: 169.92
Optimistic target level: 188.54
Target values for the price of one Avis Budget Group share for Aug 2024.
In Aug, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 14.664% volatility is expected.
Pessimistic target level: 151.83
Optimistic target level: 177.92
Target values for the price of one Avis Budget Group share for Sep 2024.
In Sep, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 11.020% volatility is expected.
Pessimistic target level: 140.10
Optimistic target level: 157.45
Target values for the price of one Avis Budget Group share for Oct 2024.
In Oct, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 13.014% volatility is expected.
Pessimistic target level: 151.71
Optimistic target level: 174.40
Target values for the price of one Avis Budget Group share for Nov 2024.
In Nov, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 12.467% volatility is expected.
Pessimistic target level: 170.06
Optimistic target level: 194.28
Target values for the price of one Avis Budget Group share for Dec 2024.
In Dec, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 12.117% volatility is expected.
Pessimistic target level: 167.24
Optimistic target level: 190.29