Avis Budget Group Company Profile (NASDAQ:CAR)

About Avis Budget Group

Avis Budget Group logoAvis Budget Group Inc. is a provider of vehicle rental and car sharing services. The Company operates three brands, which include Avis, Budget and Zipcar. Avis is a rental car supplier and Budget is a rental vehicle supplier. It also owns Payless, which a car rental brand, and Apex, which is a car rental brand in New Zealand and Australia. It operates in two segments: Americas and International. The Americas segment provides and licenses the Company's brands to third parties for vehicle rentals and ancillary products and services in North America, South America, Central America and the Caribbean, and operates its car sharing business in certain of these markets. The International segment provides and licenses the Company's brands to third parties for vehicle rentals and ancillary products and services in Europe, the Middle East, Africa, Asia, South America, Central America, the Caribbean, Australia and New Zealand, and operates its car sharing business in certain of these markets.

Industry, Sector and Symbol:
  • Sector: Business Services
  • Industry: Road & Rail
  • Sub-Industry: Trucking
  • Exchange: NASDAQ
  • Symbol: CAR
  • CUSIP: 05377410
Key Metrics:
  • Previous Close: $34.52
  • 50 Day Moving Average: $36.95
  • 200 Day Moving Average: $36.50
  • 52-Week Range: $21.73 - $41.53
  • Trailing P/E Ratio: 19.62
  • Foreward P/E Ratio: 8.60
  • P/E Growth: 1.36
  • Market Cap: $3.02B
  • Outstanding Shares: 87,889,000
  • Beta: 2.03
Profitability:
  • Net Margins: 2.18%
  • Return on Equity: 68.51%
  • Return on Assets: 1.45%
Debt:
  • Debt-to-Equity Ratio: 28.75%
  • Current Ratio: 1.19%
  • Quick Ratio: 1.19%
Additional Links:
Companies Related to Avis Budget Group:

Analyst Ratings

Consensus Ratings for Avis Budget Group (NASDAQ:CAR) (?)
Ratings Breakdown: 1 Sell Rating, 5 Hold Ratings, 4 Buy Ratings
Consensus Rating:Hold (Score: 2.30)
Consensus Price Target: $36.22 (5.51% upside)

Analysts' Ratings History for Avis Budget Group (NASDAQ:CAR)
Show:
DateFirmActionRatingPrice TargetDetails
2/18/2017Barclays PLCSet Price TargetHold$36.00View Rating Details
2/17/2017Credit Suisse GroupDowngradeOutperform -> Neutral$38.00View Rating Details
12/15/2016MKM PartnersSet Price TargetBuy$47.00View Rating Details
11/18/2016Morgan StanleyBoost Price TargetUnderweight$20.00 -> $27.00View Rating Details
10/24/2016Goldman Sachs Group, Inc. (The)Initiated CoverageNeutral$30.00View Rating Details
8/25/2016MacquarieInitiated CoverageOutperform$44.00View Rating Details
8/4/2016Deutsche Bank AGBoost Price TargetBuy$44.00 -> $45.00View Rating Details
5/5/2016J P Morgan Chase & CoLower Price TargetNeutral$26.00 -> $24.00View Rating Details
3/22/2016Sterne Agee CRTInitiated CoverageBuy$35.00View Rating Details
2/25/2016Citigroup Inc.Reiterated RatingHoldView Rating Details
(Data available from 2/23/2015 forward)

Earnings

Earnings History for Avis Budget Group (NASDAQ:CAR)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/1/2017        
2/15/2017Q416$0.17$0.15$1.96 billion$1.88 billionViewN/AView Earnings Details
11/2/2016Q316$2.33$2.47$2.65 billion$2.66 billionViewListenView Earnings Details
8/2/2016Q2$0.69$0.63$2.21 billion$2.24 billionViewListenView Earnings Details
5/3/2016Q116($0.05)($0.28)$1.88 billion$1.90 billionViewListenView Earnings Details
2/23/2016Q415$0.17$0.18$1.93 billion$1.90 billionViewListenView Earnings Details
11/2/2015Q3$2.02$1.98$2.60 billion$2.58 billionViewN/AView Earnings Details
8/3/2015Q215$0.68$0.84$2.25 billion$2.17 billionViewN/AView Earnings Details
5/4/2015Q115$0.15$0.17$1.91 billion$1.90 billionViewN/AView Earnings Details
2/18/2015Q414$0.21$0.23$1.94 billion$1.89 billionViewN/AView Earnings Details
10/29/2014Q314$1.80$1.91$2.56 million$2.54 billionViewN/AView Earnings Details
8/4/2014Q214($0.06)$0.68$40.75 million$2.20 millionViewN/AView Earnings Details
5/7/2014Q114$0.08$0.16$1.83 billion$1.86 billionViewN/AView Earnings Details
2/19/2014Q413$0.12$0.15$1.84 billion$1.85 billionViewN/AView Earnings Details
10/30/2013Q313$1.51$1.48$2.35 billion$2.40 billionViewN/AView Earnings Details
8/6/2013Q2 2013$0.50$0.50$2.01 billion$2.00 billionViewN/AView Earnings Details
5/1/2013Q1 2013$0.02$0.08$1.69 billion$1.69 billionViewN/AView Earnings Details
2/13/2013Q4 2012($0.07)($0.07)$1.63 billion$1.70 billionViewN/AView Earnings Details
11/1/2012Q312$1.53$1.46$2.17 billion$2.20 billionViewN/AView Earnings Details
8/1/2012$0.70$0.94ViewN/AView Earnings Details
5/7/2012$0.12$0.12ViewN/AView Earnings Details
2/15/2012$0.06($1.62)ViewN/AView Earnings Details
11/2/2011$0.98$1.02ViewN/AView Earnings Details
8/3/2011$0.33$0.49ViewN/AView Earnings Details
5/3/2011($0.05)$0.11ViewN/AView Earnings Details
2/16/2011($0.06)($0.06)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Avis Budget Group (NASDAQ:CAR)
Current Year EPS Consensus Estimate: $3.48 EPS
Next Year EPS Consensus Estimate: $3.99 EPS

Dividends

Dividend History for Avis Budget Group (NASDAQ:CAR)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for Avis Budget Group (NASDAQ:CAR)
Insider Ownership Percentage: 2.80%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/22/2017John D Jr. HardyDirectorSell870$34.16$29,719.20View SEC Filing  
12/1/2016Ronald L NelsonInsiderSell150,000$39.00$5,850,000.00View SEC Filing  
11/21/2016Michael K TuckerEVPSell2,439$39.05$95,242.95View SEC Filing  
11/17/2016Stender E SweeneyDirectorSell803$38.34$30,787.02View SEC Filing  
11/8/2016John D Jr. HardyDirectorSell779$34.84$27,140.36View SEC Filing  
11/7/2016Ronald L NelsonInsiderSell62,615$40.00$2,504,600.00View SEC Filing  
9/19/2016Ronald L NelsonInsiderSell50,000$38.00$1,900,000.00View SEC Filing  
8/24/2016Edward P LinnenEVPSell4,000$36.69$146,760.00View SEC Filing  
8/17/2016David B WyshnerCFOSell20,000$36.27$725,400.00View SEC Filing  
8/8/2016John D Jr. HardyDirectorSell738$38.39$28,331.82View SEC Filing  
8/4/2016Michael K TuckerEVPSell6,656$37.65$250,598.40View SEC Filing  
5/17/2016Mark J ServodidioInsiderBuy1,900$26.26$49,894.00View SEC Filing  
5/9/2016John D Jr. HardyDirectorSell1,108$26.25$29,085.00View SEC Filing  
5/5/2016Srs Investment Management, LlcMajor ShareholderSell500,000$25.40$12,700,000.00View SEC Filing  
2/29/2016John D Jr. HardyDirectorSell1,183$24.89$29,444.87View SEC Filing  
2/25/2016Eduardo G MestreDirectorBuy20,000$23.77$475,400.00View SEC Filing  
12/11/2015Ronald L NelsonChairmanSell40,000$34.79$1,391,600.00View SEC Filing  
11/6/2015John D. Jr. HardyDirectorSell1,264$44.01$55,628.64View SEC Filing  
5/15/2015Michael K TuckerEVPSell3,850$56.09$215,946.50View SEC Filing  
3/11/2015Lynn KromingaDirectorSell5,900$60.51$357,009.00View SEC Filing  
3/4/2015Edward P LinnenEVPSell2,700$60.58$163,566.00View SEC Filing  
3/3/2015David B WyshnerCFOSell38,104$61.69$2,350,635.76View SEC Filing  
3/3/2015Shon Larry D DeInsiderSell25,000$61.66$1,541,500.00View SEC Filing  
8/18/2014Patric SiniscalchiInsiderSell20,731$69.51$1,441,011.81View SEC Filing  
8/13/2014Michael K TuckerEVPSell1,500$65.94$98,910.00View SEC Filing  
8/13/2014Thomas M GartlandInsiderSell20,000$65.00$1,300,000.00View SEC Filing  
8/8/2014Ronald L NelsonCEOSell25,000$60.89$1,522,250.00View SEC Filing  
8/8/2014Stender E SweeneyDirectorSell490$60.79$29,787.10View SEC Filing  
8/6/2014David B WyshnerCFOSell20,000$59.18$1,183,600.00View SEC Filing  
8/6/2014Edward P LinnenSVPSell5,000$59.63$298,150.00View SEC Filing  
2/27/2014W Scott DeaverEVPSell25,000$47.83$1,195,750.00View SEC Filing  
2/25/2014Stender SweeneyDirectorSell2,171$46.30$100,517.30View SEC Filing  
11/12/2013Thomas GartlandInsiderSell25,000$33.00$825,000.00View SEC Filing  
5/9/2013Shon Larry D DeInsiderSell50,000$30.00$1,500,000.00View SEC Filing  
5/8/2013Patric SiniscalchiInsiderSell20,000$30.74$614,800.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Avis Budget Group (NASDAQ:CAR)
DateHeadline
News IconCredit Suisse Group Lowers Avis Budget Group Inc. (CAR) to Neutral (NASDAQ:CAR)
eleganthomesinla.com - February 22 at 9:16 PM
marketexclusive.com logoInsider Trading Activity Avis Budget Group Inc. (NASDAQ:CAR) – Director Sold 870 shares of Stock (NASDAQ:CAR)
marketexclusive.com - February 22 at 9:16 PM
moodys.com logoMoody's upgrades Class B notes from Avis Budget-sponsored rental fleet ABS (NASDAQ:CAR)
www.moodys.com - February 22 at 9:15 PM
capitalcube.com logoAvis Budget Group, Inc. :CAR-US: Earnings Analysis: 2016 By the Numbers : February 22, 2017 (NASDAQ:CAR)
www.capitalcube.com - February 22 at 4:14 PM
News IconHot Stocks Report Graphic Packaging Holding Company (GPK), Avis Budget Group, Inc. (CAR) - Post Analyst (NASDAQ:CAR)
postanalyst.com - February 22 at 8:01 AM
biz.yahoo.com logoAVIS BUDGET GROUP, INC. Files SEC form 10-K, Annual Report (NASDAQ:CAR)
biz.yahoo.com - February 21 at 6:43 PM
News IconLooking at the Tea Leaves for Avis Budget Group, Inc. (CAR) - The USA Commerce (NASDAQ:CAR)
theusacommerce.com - February 21 at 1:42 PM
News IconAvis Budget Group, Inc. (CAR) held by 28 SEC 13F Filers - Post Analyst (NASDAQ:CAR)
postanalyst.com - February 20 at 3:56 PM
News IconThe Charts For Avis Budget Group, Inc. (CAR) Is Speaking Volumes Today - NY Stock News (NASDAQ:CAR)
nystocknews.com - February 20 at 3:56 PM
News IconAvis Budget Group, Inc. (CAR) Receives Average Recommendation of "Hold" from Brokerages (NASDAQ:CAR)
latribunadecanarias.com - February 18 at 10:08 AM
News IconThe Way Wall Street Experts See Avis Budget Group, Inc. (CAR) (NASDAQ:CAR)
nyhetsbanken.info - February 18 at 10:08 AM
News IconAvis Budget Group, Inc. (CAR) held by 30 SEC 13F Filers (NASDAQ:CAR)
cloudhostinghq.net - February 18 at 10:08 AM
us.rd.yahoo.com logoAvis Budget downgraded by Credit Suisse (NASDAQ:CAR)
us.rd.yahoo.com - February 18 at 10:08 AM
capitalcube.com logoAvis Budget Group, Inc. :CAR-US: Earnings Analysis: Q4, 2016 By the Numbers : February 17, 2017 (NASDAQ:CAR)
us.rd.yahoo.com - February 18 at 10:08 AM
us.rd.yahoo.com logoAvis Budget Downgraded, Still Best Rental Car Play Available (NASDAQ:CAR)
us.rd.yahoo.com - February 18 at 10:08 AM
finance.yahoo.com logoTop Analyst Upgrades and Downgrades: Arch Coal, Avis Budget, Capital One, Hain Celestial, Hertz, Macy's and Many ... - Yahoo Finance (NASDAQ:CAR)
finance.yahoo.com - February 17 at 6:02 PM
News IconLookout for Price Target? Avis Budget Group, Inc. (CAR), Commercial Metals Company (CMC) - StockNewsJournal (NASDAQ:CAR)
www.stocknewsjournal.com - February 17 at 6:02 PM
News IconDrilling Down Into the Charts for Avis Budget Group, Inc. (CAR) - The USA Commerce (NASDAQ:CAR)
www.theusacommerce.com - February 17 at 6:02 PM
nasdaq.com logoAvis Budget Group Inc. Bottom Line Declines 28% In Q4 - Nasdaq (NASDAQ:CAR)
www.nasdaq.com - February 17 at 6:02 PM
nasdaq.com logoImplied Volatility Surging for Avis Budget Group (CAR) Stock Options - Nasdaq (NASDAQ:CAR)
www.nasdaq.com - February 17 at 6:02 PM
us.rd.yahoo.com logoEdited Transcript of CAR earnings conference call or presentation 16-Feb-17 1:30pm GMT (NASDAQ:CAR)
us.rd.yahoo.com - February 16 at 9:13 PM
us.rd.yahoo.com logoAvis Budget shares drop after earnings miss (NASDAQ:CAR)
us.rd.yahoo.com - February 16 at 9:13 PM
News IconAvis Budget Group Inc (NASDAQ:CAR)
oakridgeobserver.com - February 16 at 4:12 PM
marketwatch.com logoAvis Budget Group profit, revenue decline (NASDAQ:CAR)
www.marketwatch.com - February 16 at 4:12 PM
seekingalpha.com logoAvis Budget Group (CAR) Q4 2016 Results - Earnings Call Transcript (NASDAQ:CAR)
seekingalpha.com - February 16 at 4:12 PM
us.rd.yahoo.com logoStocks Open Higher; NetEase Rockets; Avis, Molina Crash (NASDAQ:CAR)
us.rd.yahoo.com - February 16 at 4:12 PM
fool.com logoShares of Avis Budget Group Drop 13% but Management Expects a 2017 Rebound (NASDAQ:CAR)
www.fool.com - February 16 at 4:12 PM
seekingalpha.com logoAvis Budget lower after soft results (NASDAQ:CAR)
seekingalpha.com - February 16 at 8:57 AM
rttnews.com logoAvis Budget Group Inc. Bottom Line Declines 28% In Q4 (NASDAQ:CAR)
www.rttnews.com - February 16 at 8:57 AM
zacks.com logoImplied Volatility Surging for Avis Budget Group (CAR) Stock Options (NASDAQ:CAR)
www.zacks.com - February 16 at 8:57 AM
biz.yahoo.com logoQ4 2016 Avis Budget Group Inc Earnings Release - After Market Close (NASDAQ:CAR)
us.rd.yahoo.com - February 16 at 8:57 AM
us.rd.yahoo.com logoAvis Budget Group Reports Fourth Quarter and Full-Year 2016 Results (NASDAQ:CAR)
us.rd.yahoo.com - February 16 at 8:57 AM
biz.yahoo.com logoAVIS BUDGET GROUP, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and E (NASDAQ:CAR)
us.rd.yahoo.com - February 16 at 8:57 AM
marketwatch.com logoAvis Budget shares fall after earnings, revenue miss (NASDAQ:CAR)
us.rd.yahoo.com - February 16 at 8:57 AM
sg.finance.yahoo.com logoAvis Budget reports 4Q loss (NASDAQ:CAR)
sg.finance.yahoo.com - February 16 at 8:57 AM
wsj.com logo[$$] Avis Budget Group Profit, Revenue Decline (NASDAQ:CAR)
www.wsj.com - February 16 at 8:57 AM
finance.yahoo.com logoAvis Budget (CAR) Lags Q4 Earnings & Revenues; Offers View (NASDAQ:CAR)
finance.yahoo.com - February 16 at 8:57 AM
investors.com logoStock Futures Tight, Mixed; NetEase Rockets; Avis, Molina Crash (NASDAQ:CAR)
www.investors.com - February 16 at 8:57 AM
us.rd.yahoo.com logo10:05 am Avis Budget and Travel (TVPT (NASDAQ:CAR)
us.rd.yahoo.com - February 14 at 9:52 PM
News IconAvis Budget Group and Travelport sign new multi-year partnership agreement (NASDAQ:CAR)
travelprnews.com - February 14 at 4:49 PM
istreetwire.com logoTraders Recap: RPC, Inc. (RES), Avis Budget Group, Inc. (CAR), Pulmatrix, Inc. (PULM) (NASDAQ:CAR)
istreetwire.com - February 14 at 4:49 PM
News IconAvis Budget Group, Inc. (CAR) Shares Sold by Cipher Capital LP (NASDAQ:CAR)
ekosvoice.com - February 14 at 4:49 PM
News IconEarnings Announcement is near for Avis Budget Group, Inc. (NASDAQ:CAR) (NASDAQ:CAR)
fairydetox.org - February 14 at 4:49 PM
finance.yahoo.com logoAvis Car Rental Expands Innovative Mobile App Capabilities Into Australia (NASDAQ:CAR)
finance.yahoo.com - February 14 at 4:49 PM
streetinsider.com logoAvis Budget Group (CAR), Travelport (TVPT) Sign New Partnership Deal - StreetInsider.com (NASDAQ:CAR)
www.streetinsider.com - February 14 at 2:48 AM
News IconAvis Budget Group Signs New Agreement with Travelport (NASDAQ:CAR)
www.asiatraveltips.com - February 13 at 9:46 PM
reuters.com logoBRIEF-AVIS BUDGET GROUP AND TRAVELPORT EXTEND RELATIONSHIP (NASDAQ:CAR)
www.reuters.com - February 13 at 4:44 PM
streetinsider.com logoAvis Budget Group (CAR), Travelport (TVPT) Sign New Partnership Deal (NASDAQ:CAR)
www.streetinsider.com - February 13 at 4:44 PM
us.rd.yahoo.com logoWhat's in Store for Avis Budget (CAR) this Earnings Season? (NASDAQ:CAR)
us.rd.yahoo.com - February 13 at 4:43 PM
us.rd.yahoo.com logoAvis Budget Group and Travelport Extend Relationship (NASDAQ:CAR)
us.rd.yahoo.com - February 13 at 4:43 PM

Social

What is Avis Budget Group's stock symbol?

Avis Budget Group trades on the NASDAQ under the ticker symbol "CAR."

Where is Avis Budget Group's stock going? Where will Avis Budget Group's stock price be in 2017?

10 brokerages have issued 12 month price objectives for Avis Budget Group's stock. Their forecasts range from $24.00 to $47.00. On average, they anticipate Avis Budget Group's stock price to reach $36.22 in the next year.

When will Avis Budget Group announce their earnings?

Avis Budget Group is scheduled to release their next quarterly earnings announcement on Monday, May, 1st 2017.

What are analysts saying about Avis Budget Group stock?

Here are some recent quotes from research analysts about Avis Budget Group stock:

  • According to Zacks Investment Research, "Avis Budget reported dismal fourth-quarter 2016 results, with adjusted earnings missing the Zacks Consensus Estimate by 6.25%. Intense competitive pressures reduce the profitability of the company and contract market share. Volatility in market demand and dependence on third-parties remain additional headwinds. The company might also lose rental volumes if it is unable to match up to industry pricing standards. Avis Budget has grossly underperformed the industry in the last three months. However, the company is aggressively increasing its presence in existing markets, as exemplified by the French Cars acquisition. At the same time, the company is focusing on expanding its Budget brand, taking its multi-brand strategy to the next level. Avis Budget has always been innovative and was the first in the vehicle rental industry to adapt to the recent tech era, wherein companies are exploring the online and mobile portals to enhance sales and margins." (2/20/2017)

  • Credit Suisse Group analysts commented, "Following the company's 4Q, we are downgrading our rating on CAR from Outperform to Neutral. While we still view CAR to be the preferred play in rental cars, the lackluster growth environment implied in the company's outlook leaves us less bullish than before. At the same time, we see the downside to CAR shares being limited by strong repurchases, leading us to view the risk/reward as relatively balanced. We lower our TP on CAR from $44 to $38, now based on ~10-11x our 2018 EPS of $3.60 (previously $4.07). Our 2017 EPS goes to $3.33 from prior $3.63. There are several risks to our target and rating, including travel trends, weather, used car prices, and broader macroeconomic factors." (2/17/2017)

Who owns Avis Budget Group stock?

Avis Budget Group's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Glenview Capital Management LLC (9.44%), State Street Corp (2.78%), Dimensional Fund Advisors LP (2.44%), FMR LLC (1.13%), Bain Capital Public Equity Management LLC (0.75%) and Loomis Sayles & Co. L P (0.51%). Company insiders that own Avis Budget Group stock include David B Wyshner, Eduardo G Mestre, Edward P Linnen, John D Jr Hardy, Lynn Krominga, Mark J Servodidio, Michael K Tucker, Ronald L Nelson, Shon Larry D De, Srs Investment Management, Llc and Stender E Sweeney.

Who sold Avis Budget Group stock? Who is selling Avis Budget Group stock?

Avis Budget Group's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Dimensional Fund Advisors LP, Bain Capital Public Equity Management LLC, State Street Corp, Loomis Sayles & Co. L P, GSA Capital Partners LLP, Cipher Capital LP and Fiera Capital Corp. Company insiders that have sold Avis Budget Group stock in the last year include David B Wyshner, Edward P Linnen, John D Jr Hardy, Michael K Tucker, Ronald L Nelson, Srs Investment Management, Llc and Stender E Sweeney.

Who bought Avis Budget Group stock? Who is buying Avis Budget Group stock?

Avis Budget Group's stock was bought by a variety of institutional investors in the last quarter, including Glenview Capital Management LLC, Anavon Capital LLP, Guggenheim Capital LLC, Renaissance Technologies LLC, Elkfork Partners LLC, A.R.T. Advisors LLC, Tyers Asset Management LLC and Harbor Advisors LLC. Company insiders that have bought Avis Budget Group stock in the last two years include Eduardo G Mestre and Mark J Servodidio.

How do I buy Avis Budget Group stock?

Shares of Avis Budget Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Avis Budget Group stock cost?

One share of Avis Budget Group stock can currently be purchased for approximately $34.33.

Avis Budget Group (NASDAQ:CAR) Chart for Thursday, February, 23, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Avis Budget Group (NASDAQ:CAR)

Earnings History Chart

Earnings by Quarter for Avis Budget Group (NASDAQ:CAR)

Dividend History Chart

Dividend Payments by Quarter for Avis Budget Group (NASDAQ:CAR)

Last Updated on 2/23/2017 by MarketBeat.com Staff