Avis Budget Group, Inc. (CAR) Scheduled to Post Earnings on Tuesday

Avis Budget Group, Inc. (NASDAQ:CAR) will be posting its quarterly earnings results after the market closes on Tuesday, October 31st. Analysts expect Avis Budget Group to post earnings of $2.99 per share for the quarter.

Avis Budget Group (NASDAQ:CAR) last posted its quarterly earnings results on Monday, August 7th. The business services provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.32). Avis Budget Group had a net margin of 0.86% and a return on equity of 74.80%. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. The firm’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts expect Avis Budget Group to post $2.64 EPS for the current fiscal year and $3.33 EPS for the next fiscal year.

Avis Budget Group, Inc. (NASDAQ:CAR) opened at 41.26 on Monday. The stock has a market cap of $3.41 billion, a P/E ratio of 48.60 and a beta of 2.48. The firm has a 50-day moving average price of $39.10 and a 200-day moving average price of $31.32. Avis Budget Group, Inc. has a 52 week low of $20.71 and a 52 week high of $41.73.

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In other news, SVP David T. Calabria sold 1,300 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $35.86, for a total value of $46,618.00. Following the completion of the transaction, the senior vice president now owns 5,662 shares in the company, valued at approximately $203,039.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John D. Jr. Hardy sold 908 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $32.78, for a total value of $29,764.24. Following the completion of the transaction, the director now owns 908 shares of the company’s stock, valued at approximately $29,764.24. The disclosure for this sale can be found here. Insiders sold a total of 435,708 shares of company stock valued at $17,133,212 in the last 90 days. 2.80% of the stock is owned by corporate insiders.

Several research firms have issued reports on CAR. Zacks Investment Research raised Avis Budget Group from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Wednesday, October 18th. MKM Partners lifted their price target on Avis Budget Group from $36.00 to $49.00 and gave the company a “buy” rating in a research note on Thursday, October 12th. ValuEngine raised Avis Budget Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. Deutsche Bank AG reissued a “buy” rating and issued a $49.00 price target (up previously from $44.00) on shares of Avis Budget Group in a research note on Friday, October 6th. Finally, B. Riley began coverage on Avis Budget Group in a research note on Friday, September 22nd. They issued a “buy” rating and a $36.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $38.20.

Avis Budget Group Company Profile

Avis Budget Group Inc is a provider of vehicle rental and car sharing services. The Company operates three brands, which include Avis, Budget and Zipcar. Avis and Budget are a rental car supplier. It also owns Payless, which a car rental brand; Apex, which is a car rental brand in New Zealand and Australia; Maggiore, a vehicle rental brand in Italy, and France Cars, which operates light commercial vehicle fleets in France.

Earnings History for Avis Budget Group (NASDAQ:CAR)

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