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
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 (Estimated)
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) announced its quarterly earnings results on Wednesday, February, 20th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.22. The business services provider earned $2.05 billion during the quarter, compared to the consensus estimate of $2.05 billion. Avis Budget Group had a return on equity of 66.29% and a net margin of 1.81%. The company's quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 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 FY19 earnings guidance on Wednesday, February, 20th. The company provided EPS guidance of $3.35-4.20 for the period, compared to the Thomson Reuters consensus EPS 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 1 year price objectives for Avis Budget Group's shares. Their predictions range from $30.00 to $48.00. On average, they expect Avis Budget Group's share price to reach $39.40 in the next year. This suggests a possible upside of 11.1% 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?
Headlines about CAR stock have trended negative this week, according to InfoTrie. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Avis Budget Group earned a news impact score of -2.0 on InfoTrie's scale. They also gave news stories about the business services provider a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate 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, Interim Chief Financial Officer (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 many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.20%), Pzena Investment Management LLC (3.84%), Diamond Hill Capital Management Inc. (2.52%), Dimensional Fund Advisors LP (2.13%), Dimensional Fund Advisors LP (2.13%) and Bank of New York Mellon Corp (1.89%). 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 Bank of New York Mellon Corp, Bank of Montreal Can, FMR LLC, Prudential Financial Inc., BlackRock Inc., KBC Group NV, James Investment Research Inc. and Principal Financial Group 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, 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?
CAR stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Oregon Public Employees Retirement Fund, Millennium Management LLC, SHANDA ASSET MANAGEMENT HOLDINGS Ltd, Pzena Investment Management LLC, Diamond Hill Capital Management Inc., Canada Pension Plan Investment Board and Highbridge Capital 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 $35.47.
How big of a company is Avis Budget Group?
Avis Budget Group has a market capitalization of $2.69 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.
