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CAR Stock Forecast, Analyst Ratings, Earnings and Price Target

NASDAQ : CAR

Avis Budget Group, Inc.

$87.10
-6.73-7.17%
At Close 4:00 PM
$88.06
0.96+1.10%
After-Market 05:06 PM
70.08
BESG ScoreESG Rating

CAR eps in a glimpse

Growth Next 5yrs
-8.45%
Last Quarter
$6.65
Past Year
-$51.80
Growth Past 5yrs
N/A
Next Quarter
-$5.54
Estimate Next Year
-$39.45

Analyst Rating Consensus

30

Ratings

6Strong Buy
5Buy
17Hold
0Sell
2Strong Sell
Hold

CAR Price Target

Highest Price Target

$275.00

(

193.08% Upside

)

Mean Price Target

$161.37

(

71.98% Upside

)

Lowest Price Target

$13.00

(

-86.15% Downside

)

CAR Recent Analyst Ratings

DatePrice TargetRating StatusRatingAnalyst NameFirm
2024-12-1085.0 → 95.0MaintainsNeutralLizzie DoveGoldman Sachs
2024-11-18NoneDowngradeBuy → NeutralJohn HealyNorthcoast Research
2024-10-11105.0 → 90.0MaintainsNeutralLizzie DoveGoldman Sachs
2024-09-19105.0Initiates Coverage OnEqual-WeightDan LevyBarclays
2024-07-10140.0 → 120.0MaintainsNeutralLizzie DoveGoldman Sachs
2024-05-01170.0 → 140.0MaintainsBuyJohn BabcockB of A Securities
2024-04-30145.0 → 117.0MaintainsNeutralChristopher StathoulopoulosSusquehanna
2024-04-04118.0 → 130.0UpgradeSell → Neutral-Goldman
2024-03-25155.0UpgradeNeutral → Buy-Northcoast
2024-03-19170.0InitiatedBuy-BofA Securities
2024-01-25234.0 → 248.0UpgradeHold → Buy-Deutsche Bank

Actual EPS vs Estimated EPS

How EPS can be helpful

Understanding the true essence of Earnings Per Share (EPS) for a company can be a complex endeavor. EPS, essentially a measure of a company's profitability on a per-share basis, is often used by investors as a barometer of financial health. However, it's crucial to recognize that EPS can be subject to manipulation through various accounting techniques and management strategies.

CAR Earnings History

Report DateActualForecastSurprise Factor
Oct 31, 20246.658.18-18.70%
Aug 05, 20240.412.59-84.17%
May 01, 20247.1-2.83-350.88%
Feb 12, 20247.14.36+62.84%
Feb 11, 20247.124.15+71.57%
Nov 01, 202316.7814.16+18.50%

After EPS - Where did the stock go?

Earning DateClosing Price Before EarningBefore Closing Price ChangeNext Day Closing PriceNext Day Price ChangeOn 7th Day Closing PriceOn 7th Day Closing Change
Oct 31, 2024$85.94+3.54%$92.06+10.92%$94.79+14.20%
Aug 05, 2024--$86.27+2.75%$83.11-1.01%
May 01, 2024$95.45+0.74%$113.77+20.07%$120.44+27.11%
Feb 12, 2024--$129.81-22.90%--
Feb 11, 2024--$168.36---
Nov 01, 2023$162.80-0.73%$186.98+14.01%$189.32+15.44%

Frequently Asked Questions

Is CAR stock getting favorable reviews from Wall Street analysts?

Brokerage firms have given CAR stock an average recommendation of Hold. 30 analysts have given their ratings to CAR out of which 6 analysts have given strong buy call, 5 analysts have given buy call, 17 analysts rate it hold, 2 analysts advocate strong sell call, and 0 analysts has given sell rating. The average target price of $161.37 gives the stock implied upside of roughly 71.98% over the next year or so.

What have analysts suggested for CAR highest price target?

Analysts suggest CAR's stock price would rise to a high of $275.00.

What is the lowest price target analysts expect for CAR over the next year?

Within the next 12 months, analysts predict the CAR stock price could move to $13.00.

What is the average target price for CAR?

CAR stock has an average analyst estimate of $161.37.

At its current price, how far is CAR from its average target price?

CAR shares are currently trading 71.98% above this price target.

What were CAR’s actual earnings per share for the recent quarter?

Its quarterly earnings per share (EPS) came in at $6.65 versus consensus estimates of $8.18, and below the comparable year-ago quarter’s EPS of $7.12.

What are the current estimates for quarterly and annual earnings per share?

CAR's forecasts by analysts estimating quarterly EPS at -$5.54 and -$39.45 for the whole year.

What has CAR's growth been in the past five years and what is expected in the next five years?

The analysts have projected -8.45% EPS growth for CAR in the next five years, compared to growth rates of N/A in the past five years.

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