CAR Stock - Avis Budget Group, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $11.79B | $12.01B | $11.99B | $9.31B | $5.40B |
| Gross Profit | $3.00B | $3.93B | $4.77B | $3.39B | $596.00M |
| Gross Margin | 25.4% | 32.7% | 39.8% | 36.4% | 11.0% |
| Operating Income | $1.50B | $2.35B | $3.28B | $2.09B | $-297,000,000 |
| Net Income | $-1,821,000,000 | $1.63B | $2.76B | $1.28B | $-684,000,000 |
| Net Margin | -15.4% | 13.6% | 23.0% | 13.8% | -12.7% |
| EPS | $-51.23 | $42.61 | $58.44 | $19.80 | $-9.70 |
Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 20,000 vehicles, which are rented through a network of approximately 465 dealer-operated and 385 company-operated locations that serve the consumer and light commercial sectors in the continental United States; and the Zipcar brand, a car sharing network. The company also operates various other car rental brands, such as Budget, Payless, Apex, Maggiore, MoriniRent, FranceCars, Amicoblue, Turiscar, and ACL Hire. In addition, it offers optional insurance products and coverages, such as supplemental liability, personal accident, personal effects protection, emergency sickness protection, and automobile towing protection and cargo insurance products; fuel service options, roadside assistance services, electronic toll collection services, curbside delivery, tablet rentals, access to satellite radio, portable navigation units, and child safety seat rentals; automobile towing equipment and other moving accessories, such as hand trucks, furniture pads, and moving supplies; and Business Intelligence solution, an online portal for corporate travel. Avis Budget Group, Inc. operates in approximately 10,400 locations worldwide. The company was formerly known as Cendant Corporation and changed its name to Avis Budget Group, Inc. in September 2006. Avis Budget Group, Inc. was founded in 1946 and is headquartered in Parsippany, New Jersey.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| August 20th 2025 | BofA Securities | Downgrade | Underperform | $113 |
| August 1st 2025 | Goldman | Downgrade | Sell | $105 |
| July 31st 2025 | JP Morgan | Downgrade | Neutral | $155 |
| November 18th 2024 | Northcoast | Downgrade | Neutral | - |
| September 19th 2024 | Barclays | Initiation | Equal Weight | $105 |
| April 4th 2024 | Goldman | Upgrade | Neutral | $130← $118 |
| March 25th 2024 | Northcoast | Upgrade | Buy | $155 |
| March 19th 2024 | BofA Securities | Initiation | Buy | $170 |
| January 25th 2024 | Deutsche Bank | Upgrade | Buy | $248← $234 |
| July 20th 2023 | Deutsche Bank | Downgrade | Hold | $263 |
| June 20th 2023 | Morgan Stanley | Upgrade | Overweight | $230← $182 |
| May 31st 2023 | Deutsche Bank | Upgrade | Buy | $263← $239 |
| May 5th 2023 | Morgan Stanley | Upgrade | Equal Weight | $185← $175 |
| December 6th 2022 | Susquehanna | Initiation | Neutral | $225 |
| October 25th 2022 | Jefferies | Resumed | Buy | $270← $309 |
Earnings History & Surprises
CAREPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 5, 2026 | — | — | — | — |
Q1 2026 | Feb 10, 2026 | $-0.12 | — | — | — |
Q4 2025 | Oct 27, 2025 | $8.11 | $10.11 | +24.7% | ✓ BEAT |
Q3 2025 | Jul 29, 2025 | $2.02 | $0.10 | -95.0% | ✗ MISS |
Q2 2025 | May 7, 2025 | $-5.72 | $-14.35 | -150.9% | ✗ MISS |
Q1 2025 | Feb 11, 2025 | $-0.50 | $-0.23 | +54.0% | ✓ BEAT |
Q4 2024 | Oct 31, 2024 | $8.18 | $6.65 | -18.7% | ✗ MISS |
Q3 2024 | Aug 5, 2024 | $2.59 | $0.41 | -84.2% | ✗ MISS |
Q2 2024 | May 1, 2024 | $-3.15 | $-3.21 | -1.9% | ✗ MISS |
Q1 2024 | Feb 12, 2024 | $4.15 | $7.10 | +71.1% | ✓ BEAT |
Q4 2023 | Nov 1, 2023 | $14.16 | $16.78 | +18.5% | ✓ BEAT |
Q3 2023 | Jul 31, 2023 | $9.45 | $11.01 | +16.5% | ✓ BEAT |
Q2 2023 | May 1, 2023 | $3.07 | $7.72 | +151.5% | ✓ BEAT |
Q1 2023 | Feb 13, 2023 | $6.79 | $10.46 | +54.1% | ✓ BEAT |
Q4 2022 | Oct 31, 2022 | $14.64 | $21.70 | +48.2% | ✓ BEAT |
Q3 2022 | Aug 1, 2022 | $11.48 | $15.94 | +38.9% | ✓ BEAT |
Q2 2022 | May 2, 2022 | $3.45 | $9.99 | +189.6% | ✓ BEAT |
Q1 2022 | Feb 14, 2022 | $6.15 | $7.08 | +15.1% | ✓ BEAT |
Q4 2021 | Nov 1, 2021 | $6.52 | $10.74 | +64.7% | ✓ BEAT |
Q3 2021 | Aug 3, 2021 | $1.21 | $5.90 | +387.6% | ✓ BEAT |
Latest News
Morgan Stanley Downgrades Avis Budget Gr to Equal-Weight, Raises Price Target to $142
➖ NeutralBarclays Maintains Equal-Weight on Avis Budget Gr, Lowers Price Target to $120
➖ NeutralSusquehanna Maintains Neutral on Avis Budget Gr, Lowers Price Target to $130
➖ NeutralAvis Budget Group shares are trading higher after the company reported better-than-expected Q3 financial results.
📈 PositiveAvis Budget Gr Q3 EPS $10.11 Beats $8.78 Estimate, Sales $3.519B Beat $3.458B Estimate
📈 PositiveJP Morgan Maintains Neutral on Avis Budget Gr, Raises Price Target to $157
➖ NeutralSusquehanna Maintains Neutral on Avis Budget Gr, Lowers Price Target to $145
➖ NeutralAvis Budget Group shares are trading lower after B of A Securities downgraded the stock from Buy to Underperform and cut its price target from $120 to $113.
📉 NegativeB of A Securities Downgrades Avis Budget Gr to Underperform, Lowers Price Target to $113
📉 NegativeCar rental rally: Hertz and Avis soar again as shorts get pressured
📈 PositiveHertz Global soars after Pershing Square takes a large stake; Avis Budget also higher
📈 PositiveFrequently Asked Questions about CAR
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