BofA Securities initiated coverage on Avis Budget with a new price target
$CAR
Rental/Leasing Companies
Consumer Discretionary
BofA Securities initiated coverage of Avis Budget with a rating of Buy and set a new price target of $170.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/18/2024 | Buy → Neutral | Northcoast | |
| 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 |
PARSIPPANY, N.J., June 09, 2025 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) today announced the appointment of Daniel Cunha as Chief Financial Officer, effective July 1, 2025. Mr. Cunha will lead ABG's finance functions and partner with other senior leaders to set and deliver on the Company's long-term strategic and financial objectives. Izzy Martins will be leaving the Company on June 30, 2025, to pursue another opportunity. Mr. Cunha joins ABG from Orion Services Group, a private equity owned commercial field services company, where he served as CFO for the past year. Prior to Orion, Mr. Cunha was the CFO of Ocean Spray and Heinz North America. Mr. Cunha started his career
PARSIPPANY, N.J., May 14, 2025 (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 $600 million aggregate principal amount of 8.375% senior notes due 2032 (the "Notes"), which represents a $100 million increase from the previously announced size of the offering. The Notes will have a maturity date of June 15, 2032. The closing of the offering of the Notes is expected to occur on May 19, 2025, subject to customary closing conditions. The Notes will be issued at par and guaranteed on a senior unsecured basis
PARSIPPANY, N.J., May 14, 2025 (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 2032 (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, wi
8-K - AVIS BUDGET GROUP, INC. (0000723612) (Filer)
8-K - AVIS BUDGET GROUP, INC. (0000723612) (Filer)
8-K - AVIS BUDGET GROUP, INC. (0000723612) (Filer)
Northcoast downgraded Avis Budget from Buy to Neutral
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
4 - AVIS BUDGET GROUP, INC. (0000723612) (Issuer)
4 - AVIS BUDGET GROUP, INC. (0000723612) (Issuer)
4 - AVIS BUDGET GROUP, INC. (0000723612) (Issuer)