CAR stock icon

Avis
CAR

$111.6
6.74%
 

About: Avis Budget Group Inc is a provider of automotive vehicle rental and car-sharing services. Its brands include Avis, Budget, and Zipcar. Avis is targeted to serve the premium commercial and leisure segments of the travel industry, while Budget is focused on value-conscious customers. The company operates its own network of rental locations and licenses its brands to franchisees. Zipcar is a car-sharing service that allows members to use the company-owned Zipcar fleet at an hourly rate. The company's largest region by revenue is the Americas.

Employees: 31,000

0
Funds holding %
of 6,689 funds
0
Analysts bullish %
of 10 analysts
News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

16% more repeat investments, than reductions

Existing positions increased: 92 | Existing positions reduced: 79

3.77% more ownership

Funds ownership: 94.13% [Q4 2023] → 97.9% (+3.77%) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 4 [Q4 2023] → 4 (+0) [Q1 2024]

14% less funds holding

Funds holding: 296 [Q4 2023] → 254 (-42) [Q1 2024]

30% less capital invested

Capital invested by funds: $6.04B [Q4 2023] → $4.24B (-$1.81B) [Q1 2024]

37% less call options, than puts

Call options by funds: $128M | Put options by funds: $202M

47% less first-time investments, than exits

New positions opened: 47 | Existing positions closed: 89

Research analyst outlook

10 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$117
5%
upside
Avg. target
$166
48%
upside
High target
$240
115%
upside

10 analyst ratings

positive
70%
neutral
30%
negative
0%
B of A Securities
John Babcock
25%upside
$140
Buy
Maintained
1 May 2024
Susquehanna
Christopher Stathoulopoulos
5%upside
$117
Neutral
Maintained
30 Apr 2024
Deutsche Bank
Chris Woronka
64%upside
$183
Buy
Maintained
18 Apr 2024
Morgan Stanley
Adam Jonas
68%upside
$187
Overweight
Maintained
10 Apr 2024
Goldman Sachs
Lizzie Dove
16%upside
$130
Neutral
Upgraded
4 Apr 2024

Financial journalist opinion