About Avis Budget Group (NASDAQ:CAR)
Avis 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 and Budget are a rental car supplier. It also owns Payless, which a car rental brand; Apex, which is a car rental brand in New Zealand and Australia; Maggiore, a vehicle rental brand in Italy, and France Cars, which operates light commercial vehicle fleets in France. The Company 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, Australia and New Zealand.
Industry, Sector and Symbol:
- Sector: Business Services
- Industry: Passenger Car rental
- Sub-Industry: Trucking
- Symbol: NASDAQ:CAR
- CUSIP: 05377410
- Web: www.avisbudgetgroup.com
- Market Cap: $3.41 billion
- Outstanding Shares: 82,652,000
- 50 Day Moving Avg: $38.45
- 200 Day Moving Avg: $30.84
- 52 Week Range: $20.71 - $41.73
Sales & Book Value:
- Trailing P/E Ratio: 48.53
- Foreward P/E Ratio: 12.60
- P/E Growth: 1.75
- Annual Revenue: $8.61 billion
- Price / Sales: 0.40
- Book Value: $1.78 per share
- Price / Book: 23.15
- EBITDA: $886 million
- Net Margins: 0.86%
- Return on Equity: 74.80%
- Return on Assets: 0.96%
- Debt-to-Equity Ratio: 100.73%
- Current Ratio: 1.27%
- Quick Ratio: 1.27%
- Average Volume: 2.90 million shs.
- Beta: 2.48
- Short Ratio: 10.64
Frequently Asked Questions for Avis Budget Group (NASDAQ:CAR)
What is Avis Budget Group's stock symbol?
Avis Budget Group trades on the NASDAQ under the ticker symbol "CAR."
How were Avis Budget Group's earnings last quarter?
Avis Budget Group, Inc. (NASDAQ:CAR) announced its earnings results on Monday, August, 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by $0.32. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.27 billion. Avis Budget Group had a net margin of 0.86% and a return on equity of 74.80%. Avis Budget Group's revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the firm earned $0.63 earnings per share. View Avis Budget Group's Earnings History.
When will Avis Budget Group make its next earnings announcement?
What guidance has Avis Budget Group issued on next quarter's earnings?
Avis Budget Group issued an update on its FY17 earnings guidance on Monday, August, 7th. The company provided earnings per share (EPS) guidance of $2.40-2.85 for the period, compared to the Thomson Reuters consensus estimate of $2.82. The company issued revenue guidance of $8.80-8.95 billion, compared to the consensus revenue estimate of $8.77 billion.
Where is Avis Budget Group's stock going? Where will Avis Budget Group's stock price be in 2017?
9 brokers have issued 1-year target prices for Avis Budget Group's shares. Their forecasts range from $21.00 to $49.00. On average, they anticipate Avis Budget Group's stock price to reach $37.33 in the next year. View Analyst Ratings for Avis Budget Group.
What are analysts saying about Avis Budget Group stock?
Here are some recent quotes from research analysts about Avis Budget Group stock:
- 1. According to Zacks Investment Research, "Avis Budget is aggressively increasing its presence in existing markets, while foraying in new markets like Iceland and Costa Rica. At the same time, the company is focusing on expanding its Budget brand, taking its multi-brand strategy to the next level. Anticipating strong travel trends for both leisure and commercial travelers and projecting sustained expansion of these trends, we believe that Avis Budget’s various acquisitions and collaborations will enhance its operational foothold in global markets. Moreover, sustained productivity growth, implementation of pricing initiatives and potential revenue-generating synergies from acquisitions bode well for the future. However, volatility in market demand, foreign currency risks and dependence on third-parties remain additional headwinds, leading to a tempered guidance. The company also underperformed the industry year to date." (10/18/2017)
- 2. 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)
Are investors shorting Avis Budget Group?
Avis Budget Group saw a increase in short interest in the month of September. As of September 29th, there was short interest totalling 29,122,123 shares, an increase of 3.2% from the September 15th total of 30,099,328 shares. Based on an average trading volume of 2,594,350 shares, the short-interest ratio is presently 11.2 days. Approximately 36.0% of the company's stock are sold short.
Who are some of Avis Budget Group's key competitors?
Some companies that are related to Avis Budget Group include Robert Half International (RHI), Stericycle (SRCL), Ingenico Group (INGIY), Genpact Limited (G), Booz Allen Hamilton Holding Corporation (BAH), WEX (WEX), Capita Plc (CTAGY), HAVAS ORD (HAVSF), Brink's Company (The) (BCO), Dun & Bradstreet Corporation (The) (DNB), Maximus (MMS), CoreLogic (CLGX), Healthcare Services Group (HCSG), Morningstar (MORN), Deluxe Corporation (DLX), Stantec (STN), Clean Harbors (CLH) and Ritchie Bros. Auctioneers Incorporated (RBA).
Who are Avis Budget Group's key executives?
Avis Budget Group's management team includes the folowing people:
- Ronald L. Nelson, Executive Chairman of the Board
- Larry D. De Shon, President, Chief Executive Officer, Chief Operating Officer, Director
- Martyn R. Smith, Chief Financial Officer
- Joseph A. Ferraro, President - Americas
- Mark J. Servodidio, President - International
- Edward P. Linnen, Chief Human Resource Officer, Executive Vice President
- W. Scott Deaver, Executive Vice President, Chief Marketing Officer
- Michael K. Tucker, Executive Vice President, Chief Compliance Officer, General Counsel
- David T. Calabria, Senior Vice President, Chief Accounting Officer
- Brian J. Choi, Independent Director
Who owns Avis Budget Group stock?
Avis Budget Group's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Diamond Hill Capital Management Inc. (5.51%), Mutual of America Capital Management LLC (0.07%), State Treasurer State of Michigan (0.03%), Eqis Capital Management Inc. (0.01%) and Crow Point Partners LLC (0.00%). Company insiders that own Avis Budget Group stock include David B Wyshner, David T Calabria, Eduardo G Mestre, Edward P Linnen, John D Jr Hardy, Mark J Servodidio, Michael K Tucker, Ronald L Nelson, Srs Investment Management, Llc and Stender E Sweeney. View Institutional Ownership Trends for Avis Budget Group.
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 Diamond Hill Capital Management Inc., Mutual of America Capital Management LLC and State Treasurer State of Michigan. Company insiders that have sold Avis Budget Group stock in the last year include David T Calabria, Edward P Linnen, John D Jr Hardy, Mark J Servodidio, Michael K Tucker, Ronald L Nelson and Stender E Sweeney. View Insider Buying and Selling for Avis Budget Group.
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 Eqis Capital Management Inc. and Crow Point Partners LLC. Company insiders that have bought Avis Budget Group stock in the last two years include Eduardo G Mestre and Mark J Servodidio. View Insider Buying and Selling for Avis Budget Group.
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.
What is Avis Budget Group's stock price today?
MarketBeat Community Rating for Avis Budget Group (NASDAQ CAR)MarketBeat's community ratings are surveys of what our community members think about Avis Budget Group and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Avis Budget Group stock can currently be purchased for approximately $41.20.
Consensus Ratings for Avis Budget Group (NASDAQ:CAR) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 3 Hold Ratings, 5 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.44)|
|Consensus Price Target: ||$37.33 (9.39% downside)|Consensus Price Target History for Avis Budget Group (NASDAQ:CAR)
Analysts' Ratings History for Avis Budget Group (NASDAQ:CAR)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/12/2017||MKM Partners||Boost Price Target||Buy||$36.00 -> $49.00||N/A|
|10/6/2017||Deutsche Bank AG||Reiterated Rating||Buy||$44.00 -> $49.00||N/A|
|9/22/2017||B. Riley||Initiated Coverage||Buy||$36.00||Low|
|9/15/2017||Morgan Stanley||Boost Price Target||Underweight||$18.00 -> $21.00||Low|
|9/14/2017||Credit Suisse Group||Reiterated Rating||Hold||Medium|
|9/7/2017||Goldman Sachs Group, Inc. (The)||Reiterated Rating||Hold||$37.00||Low|
|8/4/2017||J P Morgan Chase & Co||Initiated Coverage||Overweight -> Overweight||$39.00||High|
|5/9/2017||Raymond James Financial, Inc.||Upgrade||Market Perform -> Outperform||$42.00||Low|
|2/18/2017||Barclays PLC||Set Price Target||Hold||$36.00||N/A|
|3/22/2016||Sterne Agee CRT||Initiated Coverage||Buy||$35.00||N/A|
|2/25/2016||Citigroup Inc.||Reiterated Rating||Hold||N/A|
Earnings History for Avis Budget Group (NASDAQ:CAR)Earnings History by Quarter for Avis Budget Group (NASDAQ CAR)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/7/2017||Q2 2017||$0.62||$0.30||$2.27 billion||$2.24 billion||View||Listen|
|5/3/2017||Q1 2017||($0.51)||($0.94)||$1.88 billion||$1.84 billion||View||Listen|
|2/15/2017||Q416||$0.17||$0.15||$1.96 billion||$1.88 billion||View||N/A|
|11/2/2016||Q316||$2.34||$2.47||$2.65 billion||$2.66 billion||View||Listen|
|8/2/2016||Q2||$0.69||$0.63||$2.21 billion||$2.24 billion||View||Listen|
|5/3/2016||Q116||($0.05)||($0.28)||$1.88 billion||$1.90 billion||View||Listen|
|2/23/2016||Q415||$0.17||$0.18||$1.93 billion||$1.90 billion||View||Listen|
|11/2/2015||Q3||$1.99||$1.98||$2.60 billion||$2.58 billion||View||N/A|
|8/3/2015||Q215||$0.68||$0.84||$2.25 billion||$2.17 billion||View||N/A|
|5/4/2015||Q115||$0.14||$0.17||$1.91 billion||$1.90 billion||View||N/A|
|2/18/2015||Q414||$0.20||$0.23||$1.94 billion||$1.89 billion||View||N/A|
|10/29/2014||Q314||$1.79||$1.91||$2.56 million||$2.54 billion||View||N/A|
|8/4/2014||Q214||$0.61||$0.68||$40.75 million||$2.20 million||View||N/A|
|5/7/2014||Q114||$0.08||$0.16||$1.83 billion||$1.86 billion||View||N/A|
|2/19/2014||Q413||$0.12||$0.15||$1.84 billion||$1.85 billion||View||N/A|
|10/30/2013||Q313||$1.51||$1.48||$2.35 billion||$2.40 billion||View||N/A|
|8/6/2013||Q2 2013||$0.50||$0.50||$2.01 billion||$2.00 billion||View||N/A|
|5/1/2013||Q1 2013||$0.02||$0.08||$1.69 billion||$1.69 billion||View||N/A|
|2/13/2013||Q4 2012||($0.07)||($0.07)||$1.63 billion||$1.70 billion||View||N/A|
|11/1/2012||Q312||$1.53||$1.46||$2.17 billion||$2.20 billion||View||N/A|
Earnings Estimates for Avis Budget Group (NASDAQ:CAR)
Current Year EPS Consensus Estimate: $2.61 EPS
Next Year EPS Consensus Estimate: $3.27 EPS
Dividend History for Avis Budget Group (NASDAQ:CAR)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Avis Budget Group (NASDAQ:CAR)
Insider Ownership Percentage: 2.80%Insider Trades by Quarter for Avis Budget Group (NASDAQ:CAR)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/13/2017||Ronald L Nelson||Insider||Sell||250,000||$41.02||$10,255,000.00|| |
|9/12/2017||Ronald L Nelson||Insider||Sell||150,000||$37.30||$5,595,000.00|| |
|9/6/2017||David T Calabria||SVP||Sell||1,300||$35.86||$46,618.00|| |
|9/6/2017||Stender E Sweeney||Director||Sell||1,500||$35.02||$52,530.00|| |
|8/31/2017||Edward P Linnen||EVP||Sell||3,000||$36.09||$108,270.00|| |
|8/31/2017||Mark J Servodidio||Insider||Sell||29,000||$36.07||$1,046,030.00|| |
|8/11/2017||John D Jr. Hardy||Director||Sell||908||$32.78||$29,764.24|| |
|5/9/2017||John D Jr. Hardy||Director||Sell||992||$27.20||$26,982.40|| |
|2/22/2017||John D Jr. Hardy||Director||Sell||870||$34.16||$29,719.20|| |
|12/1/2016||Ronald L Nelson||Insider||Sell||150,000||$39.00||$5,850,000.00|| |
|11/21/2016||Michael K Tucker||EVP||Sell||2,439||$39.05||$95,242.95|| |
|11/17/2016||Stender E Sweeney||Director||Sell||803||$38.34||$30,787.02|| |
|11/8/2016||John D Jr. Hardy||Director||Sell||779||$34.84||$27,140.36|| |
|11/7/2016||Ronald L Nelson||Insider||Sell||62,615||$40.00||$2,504,600.00|| |
|9/19/2016||Ronald L Nelson||Insider||Sell||50,000||$38.00||$1,900,000.00|| |
|8/24/2016||Edward P Linnen||EVP||Sell||4,000||$36.69||$146,760.00|| |
|8/17/2016||David B Wyshner||CFO||Sell||20,000||$36.27||$725,400.00|| |
|8/8/2016||John D Jr. Hardy||Director||Sell||738||$38.39||$28,331.82|| |
|8/4/2016||Michael K Tucker||EVP||Sell||6,656||$37.65||$250,598.40|| |
|5/17/2016||Mark J Servodidio||Insider||Buy||1,900||$26.26||$49,894.00|| |
|5/9/2016||John D Jr. Hardy||Director||Sell||1,108||$26.25||$29,085.00|| |
|5/5/2016||Srs Investment Management, Llc||Major Shareholder||Sell||500,000||$25.40||$12,700,000.00|| |
|2/29/2016||John D Jr. Hardy||Director||Sell||1,183||$24.89||$29,444.87|| |
|2/25/2016||Eduardo G Mestre||Director||Buy||20,000||$23.77||$475,400.00|| |
|12/11/2015||Ronald L Nelson||Chairman||Sell||40,000||$34.79||$1,391,600.00|| |
|11/6/2015||John D. Jr. Hardy||Director||Sell||1,264||$44.01||$55,628.64|| |
|5/15/2015||Michael K Tucker||EVP||Sell||3,850||$56.09||$215,946.50|| |
|3/11/2015||Lynn Krominga||Director||Sell||5,900||$60.51||$357,009.00|| |
|3/4/2015||Edward P Linnen||EVP||Sell||2,700||$60.58||$163,566.00|| |
|3/3/2015||David B Wyshner||CFO||Sell||38,104||$61.69||$2,350,635.76|| |
|3/3/2015||Shon Larry D De||Insider||Sell||25,000||$61.66||$1,541,500.00|| |
|8/18/2014||Patric Siniscalchi||Insider||Sell||20,731||$69.51||$1,441,011.81|| |
|8/13/2014||Michael K Tucker||EVP||Sell||1,500||$65.94||$98,910.00|| |
|8/13/2014||Thomas M Gartland||Insider||Sell||20,000||$65.00||$1,300,000.00|| |
|8/8/2014||Ronald L Nelson||CEO||Sell||25,000||$60.89||$1,522,250.00|| |
|8/8/2014||Stender E Sweeney||Director||Sell||490||$60.79||$29,787.10|| |
|8/6/2014||David B Wyshner||CFO||Sell||20,000||$59.18||$1,183,600.00|| |
|8/6/2014||Edward P Linnen||SVP||Sell||5,000||$59.63||$298,150.00|| |
|2/27/2014||W Scott Deaver||EVP||Sell||25,000||$47.83||$1,195,750.00|| |
|2/25/2014||Stender Sweeney||Director||Sell||2,171||$46.30||$100,517.30|| |
|11/12/2013||Thomas Gartland||Insider||Sell||25,000||$33.00||$825,000.00|| |
|5/9/2013||Shon Larry D De||Insider||Sell||50,000||$30.00||$1,500,000.00|| |
|5/8/2013||Patric Siniscalchi||Insider||Sell||20,000||$30.74||$614,800.00|| |
Headline Trends for Avis Budget Group (NASDAQ:CAR)
Latest Headlines for Avis Budget Group (NASDAQ:CAR)
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Avis Budget Group (CAR) Chart for Sunday, October, 22, 2017