NASDAQ:CAR - Avis Budget Group Stock Price, News, & Analysis

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$34.95 +0.46 (+1.33 %)
(As of 08/19/2018 07:04 AM ET)
Previous Close$34.95
Today's Range$34.06 - $35.20
52-Week Range$30.67 - $50.88
Volume1.16 million shs
Average Volume2.23 million shs
Market Capitalization$2.67 billion
P/E Ratio12.26
Dividend YieldN/A
Beta2.06
Avis Budget Group logoAvis 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.

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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 Ratio12.26
Forward P/E Ratio9.96
P/E GrowthN/A

Sales & Book Value

Annual Sales$8.85 billion
Price / Sales0.31
Cash Flow$31.4865 per share
Price / Cash1.11
Book Value$7.04 per share
Price / Book4.96

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. Stockholders of record on Friday, September 29th will be paid a dividend of $0.107 per share on Monday, October 16th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend 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) posted its quarterly earnings data on Tuesday, August, 7th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.57. The business services provider had revenue of $2.33 billion for the quarter, compared to the consensus estimate 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 period last year, the business posted $0.30 EPS. View Avis Budget Group's Earnings History.

When is Avis Budget Group's next earnings date?

Avis Budget Group is scheduled to release their next quarterly earnings announcement on Monday, November, 5th 2018. View Earnings Estimates for Avis Budget Group.

What guidance has Avis Budget Group issued on next quarter's earnings?

Avis Budget Group issued an update on its FY18 earnings guidance on Tuesday, August, 7th. The company provided earnings per share (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 equities research analysts have issued 1 year target prices for Avis Budget Group's shares. Their forecasts 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 17.7% 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 in 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 trading volume, of 1,536,145 shares, the short-interest ratio is presently 7.8 days. Approximately 15.0% of the company's stock are sold short. View Avis Budget Group's Current Options Chain.

Who are some of Avis Budget Group's key competitors?

Some companies that are related to Avis Budget Group include AMERCO (UHAL), Ryder System (R), Hertz Global (HTZ), Ehi Car Services (EHIC), SP Plus (SP) and HyreCar (HYRE).

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?

Headlines about CAR stock have been trending somewhat positive this week, Accern Sentiment reports. The research firm rates the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Avis Budget Group earned a news impact score of 0.02 on Accern's scale. They also assigned news stories about the business services provider an impact score of 46.12 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company'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 a number of of retail and institutional investors. Top institutional investors 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, 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 major 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, 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 major investors are buying Avis Budget Group stock?

CAR stock was purchased 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 $34.95.

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)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  113 (Vote Outperform)
Underperform Votes:  139 (Vote Underperform)
Total Votes:  252
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.
This page was last updated on 8/19/2018 by MarketBeat.com Staff

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