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About Avis Budget Group (NASDAQ:CAR)
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. 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
SymbolNASDAQ:CAR
CUSIP05377410
Phone973-496-4700
Debt
Debt-to-Equity Ratio30.69
Current Ratio1.18
Quick Ratio1.18
Price-To-Earnings
Trailing P/E Ratio14.74
Forward P/E Ratio11.67
P/E GrowthN/A
Sales & Book Value
Annual Sales$8.85 billion
Price / Sales0.39
Cash Flow$30.4348 per share
Price / Cash1.38
Book Value$5.60 per share
Price / Book7.50
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. Investors 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 annualized dividend and a yield of 3.06%. 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 (NASDAQ:CAR) issued its quarterly earnings results on Wednesday, May, 2nd. The business services provider reported ($0.74) earnings per share for the quarter, topping analysts' consensus estimates of ($1.02) by $0.28. The business services provider had revenue of $1.97 billion for the quarter, compared to analysts' expectations of $1.92 billion. Avis Budget Group had a return on equity of 66.71% and a net margin of 4.24%. The business's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.94) earnings per share. 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 FY18 earnings guidance on Wednesday, May, 2nd. The company provided EPS 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 equities research analysts have issued 1 year price targets for Avis Budget Group's stock. 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 drop in short interest during the month of April. As of April 30th, there was short interest totalling 15,161,767 shares, a drop of 23.0% from the April 13th total of 19,682,649 shares. Based on an average trading volume of 2,833,598 shares, the days-to-cover ratio is currently 5.4 days. Currently, 19.1% of the company's stock are sold short.
Who are some of Avis Budget Group's key competitors?
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?
News stories about CAR stock have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Avis Budget Group earned a news sentiment score of 0.06 on Accern's scale. They also assigned press coverage about the business services provider an impact score of 47.11 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
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, 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, Mark J Servodidio, 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, Pzena Investment Management LLC, Matarin Capital Management LLC, Dimensional Fund Advisors LP and Seven Eight Capital 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 $42.00.
How big of a company is Avis Budget Group?
Avis Budget Group has a market capitalization of $3.41 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)
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.
Avis Budget Group (NASDAQ:CAR) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
10 Wall Street analysts have issued ratings and price targets for Avis Budget Group in the last 12 months. Their average twelve-month price target is $40.1250, suggesting that the stock has a possible downside of 4.46%. The high price target for CAR is $53.00 and the low price target for CAR is $21.00. There are currently 2 sell ratings, 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.20 | 2.27 | 2.36 | 2.45 |
| Ratings Breakdown: | 2 Sell Rating(s)
4 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
4 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
3 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
4 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $40.1250 | $37.90 | $36.3333 | $36.7778 |
| Price Target Upside: | 4.46% downside | 23.87% downside | 9.44% downside | 7.63% upside |
Avis Budget Group (NASDAQ:CAR) Consensus Price Target History
Avis Budget Group (NASDAQ:CAR) Analyst Ratings History
Show:
(Data available from 5/21/2016 forward)
Avis Budget Group (NASDAQ:CAR) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 9/22/2017 | Monthly | $0.1070 | | 9/28/2017 | 9/29/2017 | 10/16/2017 |
| 8/21/2017 | Monthly | $0.1070 | | 8/29/2017 | 8/31/2017 | 9/15/2017 |
| 7/24/2017 | Monthly | $0.1070 | | 7/27/2017 | 7/31/2017 | 8/15/2017 |
| 6/19/2017 | Monthly | $0.1070 | | 6/28/2017 | 6/30/2017 | 7/17/2017 |
(Data available from 1/1/2013 forward)
Avis Budget Group (NASDAQ CAR) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.80%
Avis Budget Group (NASDAQ CAR) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/7/2018 | Edward P Linnen | EVP | Sell | 5,000 | $45.12 | $225,600.00 | 19,439 |  |
| 5/7/2018 | John D Jr. Hardy | Director | Sell | 1,022 | $44.64 | $45,622.08 | 1,022 | |
| 5/4/2018 | Stender E. Sweeney | Director | Sell | 2,878 | $45.00 | $129,510.00 | | |
| 12/8/2017 | David T Calabria | SVP | Sell | 1,250 | $41.71 | $52,137.50 | 4,412 | |
| 12/8/2017 | Ronald L Nelson | Insider | Sell | 100,000 | $40.90 | $4,090,000.00 | 360,714 | |
| 12/8/2017 | Srs Investment Management, Llc | Major Shareholder | Buy | 3,500,000 | $40.56 | $141,960,000.00 | | |
| 12/8/2017 | W Scott Deaver | CMO | Sell | 47,500 | $40.80 | $1,938,000.00 | 133,174 | |
| 12/4/2017 | Ronald L Nelson | Chairman | Sell | 275,000 | $40.22 | $11,060,500.00 | 473,214 | |
| 12/1/2017 | W Scott Deaver | CMO | Sell | 40,000 | $39.05 | $1,562,000.00 | 125,674 | |
| 11/10/2017 | John D Jr. Hardy | Director | Sell | 831 | $35.36 | $29,384.16 | 831 | |
| 10/30/2017 | Shon Larry D De | CEO | Sell | 25,000 | $42.00 | $1,050,000.00 | 222,365 | |
| 10/13/2017 | Ronald L Nelson | Insider | Sell | 250,000 | $41.02 | $10,255,000.00 | | |
| 9/12/2017 | Ronald L Nelson | Insider | Sell | 150,000 | $37.30 | $5,595,000.00 | 510,714 | |
| 9/6/2017 | David T Calabria | SVP | Sell | 1,300 | $35.86 | $46,618.00 | 5,662 | |
| 9/6/2017 | Stender E Sweeney | Director | Sell | 1,500 | $35.02 | $52,530.00 | 1,359 | |
| 8/31/2017 | Edward P Linnen | EVP | Sell | 3,000 | $36.09 | $108,270.00 | 17,919 | |
| 8/31/2017 | Mark J Servodidio | Insider | Sell | 29,000 | $36.07 | $1,046,030.00 | 72,431 | |
| 8/11/2017 | John D Jr. Hardy | Director | Sell | 908 | $32.78 | $29,764.24 | 908 | |
| 5/9/2017 | John D Jr. Hardy | Director | Sell | 992 | $27.20 | $26,982.40 | 992 | |
| 2/22/2017 | John D Jr. Hardy | Director | Sell | 870 | $34.16 | $29,719.20 | 870 | |
| 12/1/2016 | Ronald L Nelson | Insider | Sell | 150,000 | $39.00 | $5,850,000.00 | 737,974 | |
| 11/21/2016 | Michael K Tucker | EVP | Sell | 2,439 | $39.05 | $95,242.95 | 58,210 | |
| 11/17/2016 | Stender E Sweeney | Director | Sell | 803 | $38.34 | $30,787.02 | 603 | |
| 11/8/2016 | John D Jr. Hardy | Director | Sell | 779 | $34.84 | $27,140.36 | 779 | |
| 11/7/2016 | Ronald L Nelson | Insider | Sell | 62,615 | $40.00 | $2,504,600.00 | 781,959 | |
| 9/19/2016 | Ronald L Nelson | Insider | Sell | 50,000 | $38.00 | $1,900,000.00 | 893,949 | |
| 8/24/2016 | Edward P Linnen | EVP | Sell | 4,000 | $36.69 | $146,760.00 | 13,589 | |
| 8/17/2016 | David B Wyshner | CFO | Sell | 20,000 | $36.27 | $725,400.00 | 158,293 | |
| 8/8/2016 | John D Jr. Hardy | Director | Sell | 738 | $38.39 | $28,331.82 | 738 | |
| 8/4/2016 | Michael K Tucker | EVP | Sell | 6,656 | $37.65 | $250,598.40 | 60,649 | |
| 5/17/2016 | Mark J Servodidio | Insider | Buy | 1,900 | $26.26 | $49,894.00 | 91,325 | |
| 5/9/2016 | John D Jr. Hardy | Director | Sell | 1,108 | $26.25 | $29,085.00 | 1,108 | |
| 5/5/2016 | Srs Investment Management, Llc | Major Shareholder | Sell | 500,000 | $25.40 | $12,700,000.00 | | |
| 2/29/2016 | John D Jr. Hardy | Director | Sell | 1,183 | $24.89 | $29,444.87 | 1,183 | |
| 2/25/2016 | Eduardo G Mestre | Director | Buy | 20,000 | $23.77 | $475,400.00 | 20,450 | |
| 12/11/2015 | Ronald L Nelson | Chairman | Sell | 40,000 | $34.79 | $1,391,600.00 | 787,621 | |
| 11/6/2015 | John D. Jr. Hardy | Director | Sell | 1,264 | $44.01 | $55,628.64 | | |
| 5/15/2015 | Michael K Tucker | EVP | Sell | 3,850 | $56.09 | $215,946.50 | | |
| 3/11/2015 | Lynn Krominga | Director | Sell | 5,900 | $60.51 | $357,009.00 | | |
| 3/4/2015 | Edward P Linnen | EVP | Sell | 2,700 | $60.58 | $163,566.00 | | |
| 3/3/2015 | David B Wyshner | CFO | Sell | 38,104 | $61.69 | $2,350,635.76 | | |
| 3/3/2015 | Shon Larry D De | Insider | Sell | 25,000 | $61.66 | $1,541,500.00 | | |
| 8/18/2014 | Patric Siniscalchi | Insider | Sell | 20,731 | $69.51 | $1,441,011.81 | | |
| 8/13/2014 | Michael K Tucker | EVP | Sell | 1,500 | $65.94 | $98,910.00 | | |
| 8/13/2014 | Thomas M Gartland | Insider | Sell | 20,000 | $65.00 | $1,300,000.00 | | |
| 8/8/2014 | Ronald L Nelson | CEO | Sell | 25,000 | $60.89 | $1,522,250.00 | | |
| 8/8/2014 | Stender E Sweeney | Director | Sell | 490 | $60.79 | $29,787.10 | | |
| 8/6/2014 | David B Wyshner | CFO | Sell | 20,000 | $59.18 | $1,183,600.00 | | |
| 8/6/2014 | Edward P Linnen | SVP | Sell | 5,000 | $59.63 | $298,150.00 | | |
| 2/27/2014 | W Scott Deaver | EVP | Sell | 25,000 | $47.83 | $1,195,750.00 | 45,748 | |
| 2/25/2014 | Stender Sweeney | Director | Sell | 2,171 | $46.30 | $100,517.30 | | |
| 11/12/2013 | Thomas Gartland | Insider | Sell | 25,000 | $33.00 | $825,000.00 | 80,649 | |
| 5/9/2013 | Shon Larry D De | Insider | Sell | 50,000 | $30.00 | $1,500,000.00 | | |
| 5/8/2013 | Patric Siniscalchi | Insider | Sell | 20,000 | $30.74 | $614,800.00 | | |
(Data available from 1/1/2013 forward)
Avis Budget Group (NASDAQ CAR) News Headlines
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Avis Budget Group (NASDAQ:CAR) SEC Filings
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Avis Budget Group (NASDAQ:CAR) Income Statement, Balance Sheet and Cash Flow Statement
Avis Budget Group (NASDAQ CAR) Stock Chart for Monday, May, 21, 2018
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