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 5,450 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 19,000 vehicles, which are rented through a network of approximately 925 dealer-operated and 450 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 25 rental locations in New Zealand and Australia; and the Maggiore brand that provides vehicle rental services in approximately 140 locations, as well as the France Cars brand, which offers light commercial vehicle fleets with approximately 70 rental locations in France. 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 previously-owned vehicles in sales locations. 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
Stock Exchange NASDAQ
Industry Automotive rental & leasing, without drivers
Sub-IndustryTrucking
SectorBusiness Services
SymbolNASDAQ:CAR
CUSIP05377410
Phone973-496-4700
Debt
Debt-to-Equity Ratio41.18
Current Ratio1.20
Quick Ratio1.20
Price-To-Earnings
Trailing P/E Ratio12.20
Forward P/E Ratio9.90
P/E GrowthN/A
Sales & Book Value
Annual Sales$8.85 billion
Price / Sales0.31
Cash Flow$31.3153 per share
Price / Cash1.11
Book Value$7.04 per share
Price / Book4.94
Profitability
EPS (Most Recent Fiscal Year)$2.85
Net Income$361 million
Net Margins4.46%
Return on Equity63.08%
Return on Assets1.46%
Miscellaneous
Employees31,000
Outstanding Shares79,190,000
Market Cap$2.67 billion
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 often does Avis Budget Group pay dividends? What is the dividend yield for Avis Budget Group?
Avis Budget Group announced a monthly dividend on Friday, September 22nd. Shareholders of record on Friday, September 29th will be given a dividend of $0.107 per share on Monday, October 16th. This represents a $1.28 annualized dividend and a yield of 3.69%. The ex-dividend date is Thursday, September 28th. View Avis Budget Group's Dividend History.
How were Avis Budget Group's earnings last quarter?
Avis Budget Group Inc. (NASDAQ:CAR) announced its earnings results on Tuesday, August, 7th. The business services provider reported $0.57 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.57. The business services provider had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.39 billion. Avis Budget Group had a return on equity of 63.08% and a net margin of 4.46%. During the same quarter in the previous year, the firm earned $0.30 EPS. View Avis Budget Group's Earnings History.
When is Avis Budget Group's next earnings date?
What guidance has Avis Budget Group issued on next quarter's earnings?
Avis Budget Group updated its FY18 earnings guidance on Tuesday, August, 7th. The company provided EPS guidance of $3.00-3.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.54. The company issued revenue guidance of $9.05-9.3 billion, compared to the consensus revenue estimate of $9.24 billion.
What price target have analysts set for CAR?
8 Wall Street analysts have issued 1-year target prices for Avis Budget Group's shares. Their predictions range from $30.00 to $53.00. On average, they anticipate Avis Budget Group's stock price to reach $41.1429 in the next twelve months. This suggests a possible upside of 18.4% from the stock's current price. View Analyst Price Targets for Avis Budget Group.
What is the consensus analysts' recommendation for Avis Budget Group?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avis Budget Group in the last year. There are currently 2 sell ratings, 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Avis Budget Group.
Are investors shorting Avis Budget Group?
Avis Budget Group saw a increase in short interest during the month of July. As of July 31st, there was short interest totalling 11,934,482 shares, an increase of 12.1% from the July 13th total of 10,650,488 shares. Based on an average daily volume of 1,536,145 shares, the short-interest ratio is currently 7.8 days. Approximately 15.0% of the company's shares are sold short. View Avis Budget Group's Current Options Chain.
Who are some of Avis Budget Group's key competitors?
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 58)
- Mr. Martyn Smith, Interim Chief Financial Officer (Age 61)
- Mr. Mark J. Servodidio, Pres of International (Age 52)
- Mr. Joseph A. Ferraro, Pres of Americas (Age 61)
- Mr. Ronald L. Nelson, Consultant (Age 65)
Has Avis Budget Group been receiving favorable news coverage?
Media stories about CAR stock have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Avis Budget Group earned a media and rumor sentiment score of 0.18 on Accern's scale. They also assigned press coverage about the business services provider an impact score of 48.09 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near term. View Recent Headlines for Avis Budget Group.
Who are Avis Budget Group's major shareholders?
Avis Budget Group's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.36%), Bank of New York Mellon Corp (5.46%), Pzena Investment Management LLC (2.42%), Diamond Hill Capital Management Inc. (2.08%), Dimensional Fund Advisors LP (1.97%) and Bank of Montreal Can (1.82%). 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 FMR LLC, BNP Paribas Arbitrage SA, Millennium Management LLC, California Public Employees Retirement System, Federated Investors Inc. PA, MetLife Investment Advisors LLC, Commonwealth Bank of Australia and Metropolitan Life Insurance Co. NY. 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, Mark J Servodidio, Michael K Tucker, Ronald L Nelson, Shon Larry D De, Stender E Sweeney and W Scott Deaver. View Insider Buying and Selling for Avis Budget Group.
Which institutional investors are buying Avis Budget Group stock?
CAR stock was acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Renaissance Technologies LLC, Bank of Nova Scotia, Bank of New York Mellon Corp, BlackRock Inc., Schroder Investment Management Group, BlueMountain Capital Management LLC and Pzena Investment Management LLC. View Insider Buying and Selling for Avis Budget Group.
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 $34.76.
How big of a company is Avis Budget Group?
Avis Budget Group has a market capitalization of $2.67 billion and generates $8.85 billion in revenue each year. The business services provider earns $361 million in net income (profit) each year or $2.85 on an earnings per share basis. Avis Budget Group employs 31,000 workers across the globe.
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.
