Avis Budget downgraded by Deutsche Bank with a new price target
$CAR
Rental/Leasing Companies
Consumer Discretionary
Deutsche Bank downgraded Avis Budget from Buy to Hold and set a new price target of $263.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/19/2024 | $105.00 | Equal Weight | Barclays |
| 4/4/2024 | $118.00 → $130.00 | Sell → Neutral | Goldman |
| 3/25/2024 | $155.00 | Neutral → Buy | Northcoast |
| 3/19/2024 | $170.00 | Buy | BofA Securities |
| 1/25/2024 | $234.00 → $248.00 | Hold → Buy | Deutsche Bank |
| 7/20/2023 | $263.00 | Buy → Hold | Deutsche Bank |
| 6/20/2023 | $182.00 → $230.00 | Equal-Weight → Overweight | Morgan Stanley |
| 5/31/2023 | $239.00 → $263.00 | Hold → Buy | Deutsche Bank |
PARSIPPANY, N.J., Oct. 25, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it plans to report its third quarter 2024 results after the market close on Thursday, October 31st, 2024, and to host a conference call for institutional investors to discuss these results on Friday, November 1st, 2024 at 8:30 a.m. Eastern time. Investors may access the call at ir.avisbudgetgroup.com, or by dialing (877)-407-2991. Investors are encouraged to dial in approximately 10 minutes prior to the call. A web replay will be available at ir.avisbudgetgroup.com following the call. A telephone replay will be available from 11:00 a.m. Eastern time on November 1st, 2024, until 10
PARSIPPANY, N.J., Sept. 10, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) (the "Company") announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (together, the "Issuers"), priced a private offering of $700 million aggregate principal amount of 8.250% senior notes due 2030 (the "Notes"), which represents a $200 million increase from the previously announced size of the offering. The Notes will have a maturity date of January 15, 2030. The closing of the offering of the Notes is expected to occur on September 13, 2024, subject to customary closing conditions. The Notes will be issued at par and guaranteed on a senior unse
PARSIPPANY, N.J., Sept. 10, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) (the "Company") announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (together, the "Issuers"), intend, subject to market and other customary conditions, to offer $500 million aggregate principal amount of senior notes due 2030 (the "Notes") in a private offering. The Notes will be guaranteed on a senior unsecured basis by Avis Budget Group, Inc. and certain of its U.S. subsidiaries. The Company intends to use the net proceeds from the offering of the Notes for general corporate purposes, which may include repayment of indebtedness, including,
PARSIPPANY, N.J., Oct. 25, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it plans to report its third quarter 2024 results after the market close on Thursday, October 31st, 2024, and to host a conference call for institutional investors to discuss these results on Friday, November 1st, 2024 at 8:30 a.m. Eastern time. Investors may access the call at ir.avisbudgetgroup.com, or by dialing (877)-407-2991. Investors are encouraged to dial in approximately 10 minutes prior to the call. A web replay will be available at ir.avisbudgetgroup.com following the call. A telephone replay will be available from 11:00 a.m. Eastern time on November 1st, 2024, until 10
PARSIPPANY, N.J., July 11, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it plans to report its second quarter 2024 results after the market close on Monday, August 5th, 2024, and to host a conference call for institutional investors to discuss these results on Tuesday, August 6th, 2024 at 8:30 a.m. Eastern time. Investors may access the call at ir.avisbudgetgroup.com, or by dialing (877)-407-2991. Investors are encouraged to dial in approximately 10 minutes prior to the call. A web replay will be available at ir.avisbudgetgroup.com following the call. A telephone replay will be available from 11:00 a.m. Eastern time on August 6th, 2024, until 10:00 p.
PARSIPPANY, N.J., April 19, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it plans to report its first quarter 2024 results after the market close on Wednesday, May 1st, 2024, and to host a conference call for institutional investors to discuss these results on Thursday, May 2nd, 2024 at 8:30 a.m. Eastern time. Investors may access the call at ir.avisbudgetgroup.com, or by dialing (877)-407-2991. Investors are encouraged to dial in approximately 10 minutes prior to the call. A web replay will be available at ir.avisbudgetgroup.com following the call. A telephone replay will be available from 11:00 a.m. Eastern time on May 2nd, 2024, until 10:00 p.m. on
Avis Budget Gr (NASDAQ:CAR) has outperformed the market over the past 15 years by 7.36% on an annualized basis producing an average annual return of 19.91%. Currently, Avis Budget Gr has a market capitalization of $3.85 billion. Buying $100 In CAR: If an investor had bought $100 of CAR stock 15 years ago, it would be worth $1,505.84 today based on a price of $108.02 for CAR at the time of writing. Avis Budget Gr's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content
Goldman Sachs analyst Lizzie Dove maintains Avis Budget Gr (NASDAQ:CAR) with a Neutral and lowers the price target from $140 to $120.
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Barclays initiated coverage of Avis Budget with a rating of Equal Weight and set a new price target of $105.00
Goldman upgraded Avis Budget from Sell to Neutral and set a new price target of $130.00 from $118.00 previously
Northcoast upgraded Avis Budget from Neutral to Buy and set a new price target of $155.00
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