Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers worldwide. It operates the Avis brand, a vehicle rental system with approximately 5,500 locations that supply rental cars to the premium commercial and leisure segments of the travel industry; the Budget brand, a vehicle rental and other mobility solutions primarily focuses on the value-conscious segments of the industry; the Zipcar brand, a membership-based car sharing network; and the Budget Truck brand, a local and one-way truck rental businesses with a fleet of approximately 18,000 vehicles, which are rented through a network of approximately 640 dealer-operated and 430 company-operated locations that serve the consumer and light commercial sectors in the continental United States. The company also operates the Payless brand, which comprises approximately 280 vehicle rental locations; the Apex brand that primarily in the deep-value segment of the car rental industry with approximately 30 rental locations in New Zealand and Australia; and the Maggiore brand that provides vehicle rental services in approximately 140 locations; the France Cars brand, which offers light commercial vehicle fleets with approximately 85 rental locations in France; and Turiscar brand that offers vehicle rental services in approximately 25 locations primarily for the corporate market in Portugal. In addition, it offers optional insurance products and coverages, such as supplemental liability, personal accident, personal effects protection, emergency sickness protection, automobile towing protection, and cargo insurance products; and Business Intelligence solution, an online portal for corporate travel. The company was formerly known as Cendant Corporation and changed its name to Avis Budget Group, Inc. in September 2006. Avis Budget Group, Inc. was founded in 1946 and is headquartered in Parsippany, New Jersey.
Industry, Sector and Symbol
Industry Automotive rental & leasing, without drivers
Sub-IndustryTrucking
SectorBusiness Services
Phone973-496-4700
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$9.12 billion
Profitability
Miscellaneous
Employees30,000
Next Earnings Date5/1/2019 (Confirmed)
OptionableOptionable
Avis Budget Group (NASDAQ:CAR) Frequently Asked Questions
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) posted its quarterly earnings results on Wednesday, February, 20th. The business services provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.31 by $0.22. The business services provider had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2.05 billion. Avis Budget Group had a net margin of 1.81% and a return on equity of 66.29%. Avis Budget Group's revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 EPS. View Avis Budget Group's Earnings History.
When is Avis Budget Group's next earnings date?
How can I listen to Avis Budget Group's earnings call?
Avis Budget Group will be holding an earnings conference call on Thursday, May 2nd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 7737560108.
What guidance has Avis Budget Group issued on next quarter's earnings?
Avis Budget Group updated its FY19 earnings guidance on Wednesday, February, 20th. The company provided earnings per share (EPS) guidance of $3.35-4.20 for the period, compared to the Thomson Reuters consensus estimate of $3.78. The company issued revenue guidance of $9.2-9.5 billion, compared to the consensus revenue estimate of $9.32 billion.Avis Budget Group also updated its FY 2019 guidance to $3.35-4.20 EPS.
What price target have analysts set for CAR?
5 analysts have issued 12 month target prices for Avis Budget Group's stock. Their forecasts range from $30.00 to $48.00. On average, they expect Avis Budget Group's share price to reach $39.40 in the next twelve months. This suggests a possible upside of 7.4% from the stock's current price. View Analyst Price Targets for Avis Budget Group.
What is the consensus analysts' recommendation for Avis Budget Group?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last year. There are currently 1 sell rating, 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Avis Budget Group.
Has Avis Budget Group been receiving favorable news coverage?
News coverage about CAR stock has been trending somewhat positive on Wednesday, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Avis Budget Group earned a news sentiment score of 1.7 on InfoTrie's scale. They also gave media headlines about the business services provider a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the stock's share price in the near future.
Who are some of Avis Budget Group's key competitors?
What other stocks do shareholders of Avis Budget Group own?
Who are Avis Budget Group's key executives?
Avis Budget Group's management team includes the folowing people:
- Mr. Larry D. De Shon, CEO, Pres, COO & Director (Age 59)
- Mr. Martyn Smith, Advisor (Age 62)
- Mr. Mark J. Servodidio, Pres of International (Age 53)
- Mr. Joseph A. Ferraro, Pres of Americas (Age 62)
- Mr. Ronald L. Nelson, Consultant (Age 66)
Who are Avis Budget Group's major shareholders?
Avis Budget Group's stock is owned by a variety of of retail and institutional investors. Top institutional investors include First Manhattan Co. (0.37%), Retirement Systems of Alabama (0.11%), Clear Harbor Asset Management LLC (0.03%), First Hawaiian Bank (0.02%), First Quadrant L P CA (0.02%) and Eqis Capital Management Inc. (0.01%). Company insiders that own Avis Budget Group stock include David T Calabria, Edward P Linnen, John D Jr Hardy, Leonard S Coleman Jr, Lynn Krominga, Mark J Servodidio, Michael K Tucker, Ronald L Nelson, Shon Larry D De, Srs Investment Management, Llc, Stender E Sweeney and W Scott Deaver. View Institutional Ownership Trends for Avis Budget Group.
Which institutional investors are selling Avis Budget Group stock?
CAR stock was sold by a variety of institutional investors in the last quarter, including First Manhattan Co., Strs Ohio, Sciencast Management LP, Eqis Capital Management Inc. and Retirement Systems of Alabama. Company insiders that have sold Avis Budget Group company stock in the last year include David T Calabria, Edward P Linnen, John D Jr Hardy, Leonard S Coleman Jr, Lynn Krominga, Michael K Tucker and Stender E Sweeney. View Insider Buying and Selling for Avis Budget Group.
Which institutional investors are buying Avis Budget Group stock?
How do I buy shares of Avis Budget Group?
Shares of CAR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Avis Budget Group's stock price today?
One share of CAR stock can currently be purchased for approximately $36.69.
How big of a company is Avis Budget Group?
Avis Budget Group has a market capitalization of $2.79 billion and generates $9.12 billion in revenue each year. The business services provider earns $165 million in net income (profit) each year or $3.65 on an earnings per share basis. Avis Budget Group employs 30,000 workers across the globe.
What is Avis Budget Group's official website?
How can I contact Avis Budget Group?
Avis Budget Group's mailing address is 6 SYLVAN WAY, PARSIPPANY NJ, 07054. The business services provider can be reached via phone at 973-496-4700.
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 CAR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CAR will underperform the S&P 500 over the long term. You may vote once every thirty days.
