Avis Budget Group found using ticker (CAR) have now 7 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 333 and 115 with the average target price sitting at 224.29. Given that the stocks previous close was at 165.19 this indicates there is a potential upside of 35.8%. The 50 day MA is 196.16 and the 200 day MA is 146.52. The company has a market cap of $9,057m. Visit the company website at: https://www.avisbudgetgroup.com
The potential market cap would be $12,297m 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.
