Avis Budget Group with ticker code (CAR) have now 7 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 333 and 115 calculating the mean target price we have 224.29. Now with the previous closing price of 174.31 this now indicates there is a potential upside of 28.7%. There is a 50 day moving average of 214.51 while the 200 day moving average is 141.77. The market capitalisation for the company is $10,184m. Visit the company website at: https://www.avisbudgetgroup.com
The potential market cap would be $13,104m based on the market concensus.
Avis Budget Group, together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers. It operates the Avis brand, a vehicle rental system that supply rental cars to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local and one-way truck rental businesses with a fleet of approximately 20,000 vehicles, which are rented through a network of approximately 515 dealer-operated and 410 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 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 operates in approximately 10,600 locations worldwide. The company was formerly known as Cendant Corporation and changed its name to Avis Budget Group in September 2006. Avis Budget Group was founded in 1946 and is headquartered in Parsippany, New Jersey.
