Avis Budget Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Avis Budget Group, Inc. CAR is set to release earnings results for its second quarter, after the closing bell on Aug. 5, 2024.

Analysts expect the Parsippany, New Jersey-based company to report quarterly earnings at $2.58 per share, down from $11.01 per share in the year-ago period. Avis Budget is projected to report quarterly revenue of $3.14 billion, according to data from Benzinga Pro.

On May 14, Avis Budget Group announced the pricing of €200 million of senior notes.

Avis Budget shares fell 10.7% to close at $84.44 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Goldman Sachs analyst Lizzie Dove maintained a Neutral rating and cut the price target from $140 to $120 on July 10. This analyst has an accuracy rate of 69%.
• B of A Securities analyst John Babcock maintained a Buy rating and slashed the price target from $170 to $140 on May 1. This analyst has an accuracy rate of 62%.
• Susquehanna analyst Christopher Stathoulopoulos maintained a Neutral rating and cut the price target from $145 to $117 on April 30. This analyst has an accuracy rate of 72%.
• Morgan Stanley analyst Adam Jonas maintained an Overweight rating and cut the price target from $190 to $187 on April 10. This analyst has an accuracy rate of 62%.
• Northcoast Research analyst John Healy upgraded the stock from Neutral to Buy with a price target of $155 on March 25. This analyst has an accuracy rate of 73%.

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