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

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$29.83 -0.08 (-0.27 %)
(As of 05/24/2019 04:00 PM ET)
Previous Close$29.91
Today's Range$29.30 - $30.25
52-Week Range$21.63 - $43.38
Volume651,843 shs
Average Volume1.58 million shs
Market Capitalization$2.26 billion
P/E Ratio8.17
Dividend YieldN/A
Beta1.93
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 5,500 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 18,000 vehicles, which are rented through a network of approximately 640 dealer-operated and 430 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 30 rental locations in New Zealand and Australia; and the Maggiore brand that provides vehicle rental services in approximately 140 locations; the France Cars brand, which offers light commercial vehicle fleets with approximately 85 rental locations in France; and Turiscar brand that offers vehicle rental services in approximately 25 locations primarily for the corporate market in Portugal. 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 Business Intelligence solution, an online portal for corporate travel. 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
Current SymbolNASDAQ:CAR
CUSIP05377410
Phone973-496-4700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.12 billion
Cash Flow$31.40 per share
Book Value$4.27 per share

Profitability

Net Income$165 million

Miscellaneous

Employees30,000
Market Cap$2.26 billion
Next Earnings Date8/6/2019 (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) released its quarterly earnings data on Wednesday, May, 1st. The business services provider reported ($0.78) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.02) by $0.24. The business services provider earned $1.92 billion during the quarter, compared to analysts' expectations of $1.95 billion. Avis Budget Group had a return on equity of 71.86% and a net margin of 1.77%. The business's revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.74) 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 Tuesday, August 6th 2019. View Earnings Estimates for Avis Budget Group.

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

Avis Budget Group updated its FY19 earnings guidance on Wednesday, May, 1st. The company provided earnings per share (EPS) guidance of $3.35-4.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.86. The company issued revenue guidance of $9.2-9.5 billion, compared to the consensus revenue estimate of $9.33 billion.

What price target have analysts set for CAR?

5 equities research analysts have issued twelve-month price objectives for Avis Budget Group's shares. Their forecasts range from $30.00 to $48.00. On average, they anticipate Avis Budget Group's share price to reach $39.40 in the next twelve months. This suggests a possible upside of 32.1% 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?

News headlines about CAR stock have trended positive recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Avis Budget Group earned a daily sentiment score of 2.3 on InfoTrie's scale. They also assigned news coverage about the business services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the near term.

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).

What other stocks do shareholders of Avis Budget Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Avis Budget Group investors own include Hertz Global (HTZ), Alibaba Group (BABA), Cisco Systems (CSCO), Bank of America (BAC), Home Depot (HD), Visa (V), Intel (INTC), Micron Technology (MU), Cheniere Energy (LNG) and Netflix (NFLX).

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. Michael K. Tucker, Exec. VP, Gen. Counsel & Chief Compliance Officer (Age 61)
  • Mr. Martyn Smith, Advisor (Age 62)
  • Mr. Mark J. Servodidio, Pres of International (Age 53)
  • Mr. Joseph A. Ferraro, Pres of Americas (Age 62)

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 SRS Investment Management LLC (21.33%), BlackRock Inc. (10.26%), Pzena Investment Management LLC (3.78%), Renaissance Technologies LLC (3.53%), Dimensional Fund Advisors LP (2.16%) and Northern Trust Corp (1.37%). 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 major investors are selling Avis Budget Group stock?

CAR stock was sold by a variety of institutional investors in the last quarter, including Jefferies Group LLC, Diamond Hill Capital Management Inc., CIBC World Markets Inc., Morgan Stanley, Goldman Sachs Group Inc., JPMorgan Chase & Co., BNP Paribas Arbitrage SA and Formula Growth Ltd.. Company insiders that have sold Avis Budget Group company stock in the last year include David T Calabria, Leonard S Coleman Jr, Lynn Krominga, Mark J Servodidio and Michael K Tucker. View Insider Buying and Selling for Avis Budget Group.

Which major investors are buying Avis Budget Group stock?

CAR stock was acquired by a variety of institutional investors in the last quarter, including SRS Investment Management LLC, Renaissance Technologies LLC, Caisse DE Depot ET Placement DU Quebec, Maple Rock Capital Partners Inc., Neuberger Berman Group LLC, Jacobs Levy Equity Management Inc., Bank of Montreal Can and BlueMountain 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 $29.83.

How big of a company is Avis Budget Group?

Avis Budget Group has a market capitalization of $2.26 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?

The official website for Avis Budget Group is http://www.avisbudgetgroup.com/.

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:  2.3 out of 5 (star star)
Outperform Votes:  174 (Vote Outperform)
Underperform Votes:  206 (Vote Underperform)
Total Votes:  380
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 5/25/2019 by MarketBeat.com Staff

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