NASDAQ:CAR - Avis Budget Group Stock Price, Price Target & More

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$41.43 -0.01 (-0.02 %)
(As of 06/20/2018 02:35 AM ET)
Previous Close$41.44
Today's Range$40.43 - $41.4650
52-Week Range$21.38 - $50.88
Volume1.40 million shs
Average Volume2.28 million shs
Market Capitalization$3.35 billion
P/E Ratio14.54
Dividend YieldN/A
Beta2.09
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. 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

Industry Automotive rental & leasing, without drivers
Sub-IndustryTrucking
SectorBusiness Services
SymbolNASDAQ:CAR
CUSIP05377410
Phone973-496-4700

Debt

Debt-to-Equity Ratio30.69
Current Ratio1.18
Quick Ratio1.18

Price-To-Earnings

Trailing P/E Ratio14.54
Forward P/E Ratio11.51
P/E GrowthN/A

Sales & Book Value

Annual Sales$8.85 billion
Price / Sales0.38
Cash Flow$30.6889 per share
Price / Cash1.35
Book Value$7.04 per share
Price / Book5.88

Profitability

EPS (Most Recent Fiscal Year)$2.85
Net Income$361 million
Net Margins4.24%
Return on Equity66.71%
Return on Assets1.36%

Miscellaneous

Employees31,000
Outstanding Shares81,260,000

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 declared 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 3.10%. 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 (NASDAQ:CAR) announced its quarterly earnings data on Wednesday, May, 2nd. The business services provider reported ($0.74) EPS for the quarter, topping the Zacks' consensus estimate of ($1.02) by $0.28. The business services provider had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.92 billion. Avis Budget Group had a net margin of 4.24% and a return on equity of 66.71%. Avis Budget Group's revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.94) earnings per share. 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, August, 6th 2018. View Earnings Estimates for Avis Budget Group.

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

Avis Budget Group updated its FY18 earnings guidance on Wednesday, May, 2nd. The company provided earnings per share guidance of $2.90-$3.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.37. The company issued revenue guidance of $9.20-$9.45 billion, compared to the consensus revenue estimate of $9.18 billion.

What price target have analysts set for CAR?

10 brokers have issued 12-month price objectives for Avis Budget Group's shares. Their predictions range from $21.00 to $53.00. On average, they expect Avis Budget Group's stock price to reach $40.1250 in the next twelve months. View Analyst Ratings for Avis Budget Group.

Are investors shorting Avis Budget Group?

Avis Budget Group saw a decrease in short interest in the month of May. As of May 31st, there was short interest totalling 11,582,587 shares, a decrease of 10.3% from the May 15th total of 12,913,782 shares. Based on an average daily volume of 2,022,269 shares, the days-to-cover ratio is currently 5.7 days. Currently, 14.6% of the shares of the company are short sold.

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) and SP Plus (SP).

Who are Avis Budget Group's key executives?

Avis Budget Group's management team includes the folowing people:
  • Mr. Ronald L. Nelson, Exec. Chairman (Age 65)
  • Mr. Larry D. De Shon, Pres, CEO & Director (Age 58)
  • Mr. Mark J. Servodidio, Pres of International (Age 52)
  • Mr. Joseph A. Ferraro, Pres of Americas (Age 61)
  • Mr. Martyn Smith, Interim Chief Financial Officer (Age 61)

Has Avis Budget Group been receiving favorable news coverage?

Media stories about CAR stock have trended somewhat negative this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Avis Budget Group earned a daily sentiment score of -0.02 on Accern's scale. They also assigned news articles about the business services provider an impact score of 40.10 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.

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 SRS INVESTMENT MANAGEMENT, LLC (16.10%), BLACKROCK INC. (10.00%), BANK OF NEW YORK MELLON CORP (4.99%), Slate Path Capital LP (2.52%), Pzena Investment Management LLC (2.23%) and Dimensional Fund Advisors LP (1.96%). Company insiders that own Avis Budget Group stock include David B Wyshner, 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 Diamond Hill Capital Management Inc., Slate Path Capital LP, Neuberger Berman Group LLC, Mountain Lake Investment Management LLC, Cobalt Capital Management Inc., LSV Asset Management, KBC Group NV and Prudential Financial Inc.. 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 bought by a variety of institutional investors in the last quarter, including BNP Paribas Arbitrage SA, A.R.T. Advisors LLC, University of Notre Dame DU Lac, Millennium Management LLC, Summit Trail Advisors LLC, Pzena Investment Management LLC, Matarin Capital Management LLC and Dimensional Fund Advisors LP. 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 $41.43.

How big of a company is Avis Budget Group?

Avis Budget Group has a market capitalization of $3.35 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 (CAR)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  83 (Vote Outperform)
Underperform Votes:  103 (Vote Underperform)
Total Votes:  186
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 6/20/2018 by MarketBeat.com Staff

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