Avis Budget Group Company Profile (NASDAQ:CAR)

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

Avis Budget Group, Inc. (NASDAQ:CAR) announced its quarterly earnings data on Monday, August, 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.62 by $0.32. The firm earned $2.24 billion during the quarter, compared to analysts' expectations of $2.27 billion. Avis Budget Group had a return on equity of 74.80% and a net margin of 0.86%. The business's revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the company earned $0.63 earnings per share. View Avis Budget Group's Earnings History.

Avis Budget Group is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. View Earnings Estimates for Avis Budget Group.

Avis Budget Group updated 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 earnings per share 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.

9 brokerages have issued 12 month target prices for Avis Budget Group's stock. Their forecasts range from $21.00 to $49.00. On average, they expect Avis Budget Group's stock price to reach $37.33 in the next year. View Analyst Ratings for Avis Budget Group.

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)

Avis Budget Group saw a increase in short interest during 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 days-to-cover ratio is currently 11.2 days. Currently, 36.0% of the shares of the stock are sold short.

Some companies that are related to Avis Budget Group include Robert Half International (RHI), Ingenico Group (INGIY), Genpact Limited (G), Booz Allen Hamilton Holding Corporation (BAH), WEX (WEX), Capita Plc (CTAGY), Havas Ord (HAVSF), Dun & Bradstreet Corporation (The) (DNB), Brink's Company (The) (BCO), Maximus (MMS), CoreLogic (CLGX), Healthcare Services Group (HCSG), Morningstar (MORN), Deluxe Corporation (DLX), Stantec (STN), Clean Harbors (CLH), Ritchie Bros. Auctioneers Incorporated (RBA) and On Assignment (ASGN).

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

Avis Budget Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include 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.

Avis Budget Group's stock was acquired 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.

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.

One share of Avis Budget Group stock can currently be purchased for approximately $41.14.