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CAR

CAR - Avis Budget Group Inc Stock Price, Fair Value and News

107.02USD+1.98 (+1.88%)Delayed as of 26 Feb 2024, 01:55 pm ET
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Market Summary

USD107.02+1.98
Delayedas of 26 Feb 2024, 01:55 pm
1.88%

CAR Alerts

  • Big fall in earnings (Y/Y)

CAR Stock Price

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CAR RSI Chart

CAR Valuation

Market Cap

3.7B

Price/Earnings (Trailing)

2.28

Price/Sales (Trailing)

0.31

EV/EBITDA

3.54

Price/Free Cashflow

0.97

CAR Price/Sales (Trailing)

CAR Profitability

EBT Margin

15.94%

Return on Equity

24.63%

Return on Assets

5.01%

Free Cashflow Yield

102.75%

CAR Fundamentals

CAR Revenue

Revenue (TTM)

12.0B

Rev. Growth (Yr)

-0.25%

Rev. Growth (Qtr)

-22.45%

CAR Earnings

Earnings (TTM)

1.6B

Earnings Growth (Yr)

-38.77%

Earnings Growth (Qtr)

-58.63%

Breaking Down CAR Revenue

52 Week Range

109.27
(Low)(High)

Last 7 days

-33.5%

Last 30 days

-30.1%

Last 90 days

-40.7%

Trailing 12 Months

-47.7%

How does CAR drawdown profile look like?

CAR Financial Health

Current Ratio

0.8

Debt/Equity

0.71

Debt/Cashflow

0.81

CAR Investor Care

Buy Backs (1Y)

10.13%

Diluted EPS (TTM)

42.48

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
202312.1B12.0B12.0B12.0B
202210.4B11.2B11.8B12.0B
20215.0B6.6B8.1B9.3B
20209.0B7.4B6.2B5.4B
20199.1B9.1B9.1B9.2B
20189.0B9.1B9.1B9.1B
20178.6B8.6B8.7B8.8B
20168.5B8.6B8.7B8.7B
20158.5B8.5B8.5B8.5B
20148.1B8.3B8.4B8.5B
20137.4B7.6B7.8B7.9B
20125.0B5.5B6.0B7.4B
20115.3B5.4B5.5B4.6B
20105.1B5.1B5.1B5.2B
20095.8B5.6B5.3B5.1B
20080006.0B

Tracking the Latest Insider Buys and Sells of Avis Budget Group Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Feb 14, 2024
hariharan anu
acquired
132,501
119
1,105
-
Feb 14, 2024
krominga lynn
acquired
168,474
119
1,405
-
Feb 14, 2024
lurie glenn
acquired
150,007
119
1,251
-
Dec 21, 2023
krominga lynn
acquired
-
-
33.00
-
Dec 21, 2023
hariharan anu
acquired
-
-
70.00
-
Dec 21, 2023
hees bernardo
acquired
-
-
82.00
executive chairman
Dec 21, 2023
krominga lynn
acquired
-
-
1,451
-
Dec 21, 2023
lurie glenn
acquired
-
-
668
-
Dec 15, 2023
martins izilda p
sold
-773,647
195
-3,950
evp, americas
Dec 15, 2023
ferraro joseph a.
sold
-3,607,260
195
-18,460
president and ceo

1–10 of 50

Which funds bought or sold CAR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Feb 21, 2024
Raleigh Capital Management Inc.
added
10.00
360
3,889
-%
Feb 16, 2024
HARBOUR INVESTMENTS, INC.
reduced
-44.44
-1,461
1,773
-%
Feb 16, 2024
PRICE T ROWE ASSOCIATES INC /MD/
reduced
-1.78
-64,000
1,996,000
-%
Feb 16, 2024
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
reduced
-1.35
-45,536
1,636,460
0.01%
Feb 15, 2024
Tidal Investments LLC
reduced
-28.55
-725,442
1,732,720
0.04%
Feb 15, 2024
Farther Finance Advisors, LLC
added
433
4,594
5,672
-%
Feb 15, 2024
Systematic Portfolios LLC
new
-
250,823
250,823
0.76%
Feb 15, 2024
ATLAS CAPITAL ADVISORS LLC
sold off
-100
-13,656
-
-%
Feb 15, 2024
MERCER GLOBAL ADVISORS INC /ADV
added
8.95
21,000
302,000
-%
Feb 15, 2024
BARCLAYS PLC
reduced
-74.74
-25,708,000
8,534,000
-%

1–10 of 39

Are Funds Buying or Selling CAR?

Are funds buying CAR calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own CAR
No. of Funds

Unveiling Avis Budget Group Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
5.03%
1,822,750
SC 13G/A
Feb 09, 2024
fmr llc
-
0
SC 13G/A
Oct 06, 2023
blackrock inc.
5.0%
1,920,052
SC 13G/A
Aug 25, 2023
srs investment management, llc
45.0%
17,430,882
SC 13D/A
Feb 14, 2023
nomura holdings inc
2.2%
900,684
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 09, 2023
vanguard group inc
5.10%
2,115,373
SC 13G/A
Feb 01, 2023
blackrock inc.
5.7%
2,363,381
SC 13G/A
Dec 27, 2022
srs investment management, llc
44.4%
18,430,882
SC 13D/A
Dec 02, 2022
srs investment management, llc
44.4%
18,430,882
SC 13D/A

Recent SEC filings of Avis Budget Group Inc

View All Filings
Date Filed Form Type Document
Feb 16, 2024
10-K
Annual Report
Feb 16, 2024
4
Insider Trading
Feb 16, 2024
4
Insider Trading
Feb 16, 2024
4
Insider Trading
Feb 13, 2024
SC 13G/A
Major Ownership Report
Feb 12, 2024
8-K
Current Report
Feb 09, 2024
SC 13G/A
Major Ownership Report
Jan 18, 2024
8-K
Current Report
Jan 03, 2024
8-K
Current Report
Dec 22, 2023
4
Insider Trading

What is the Fair Value of CAR?

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Disclaimer: Conduct thorough research and seek guidance from a certified financial advisor prior to finalizing any investment choices.

Peers (Alternatives to Avis Budget Group Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
105.1B
18.6B
7.21% 12.66%
29.54
5.66
7.76% 13.08%
64.2B
9.2B
3.65% 39.15%
44.83
6.98
9.76% 11.34%
49.4B
4.0B
2.92% 44.21%
37.27
12.35
11.51% 23.13%
32.8B
5.3B
5.87% 25.18%
60.14
6.23
2.79% -21.68%
19.3B
10.3B
13.19% 50.62%
47.19
1.87
13.90% -5.05%
11.3B
3.6B
10.55% 12.62%
20.91
3.13
15.88% 17.98%
MID-CAP
8.4B
6.4B
0.19% -4.52%
20.5
1.32
-11.68% -37.51%
4.7B
2.7B
2.52% -8.91%
-1.2K
1.74
-0.52% -150.00%
4.4B
2.7B
2.96% -5.37%
7.22
1.65
15.87% 733.47%
2.6B
8.1B
-3.54% -15.44%
10.16
0.32
3.71% 9.07%
SMALL-CAP
1.8B
1.5B
24.93% 82.64%
81.14
1.21
41.33% 169.51%
385.5M
1.8B
9.03% -28.96%
38.01
0.22
17.94% 144.71%
114.7M
281.1M
-12.58% -29.43%
10.2
0.41
-1.85% -2.83%
53.9M
998.5K
-6.56% -51.28%
-3.01
53.99
370.99% -10.61%
9.2M
84.5M
4.55% -17.56%
-4.75
0.11
9.61% -6671.93%

Avis Budget Group Inc News

Latest updates
Quartz87 minutes ago
Zacks Investment Research23 Feb 202401:14 pm
Seeking Alpha21 Feb 202403:38 pm
Yahoo Finance16 Feb 202408:00 am

Avis Budget Group Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue-22.4%2,7643,5643,1232,5572,7713,5473,2442,4322,5693,0012,3711,3721,3551,5347601,7532,1622,7532,3371,9202,050
Costs and Expenses-7.3%2,6022,8072,5252,1602,2552,2052,1611,7372,0262,0721,8851,6221,4901,4811,3692,0182,1482,4252,2562,0562,047
Operating Expenses-12.5%1,3501,5431,4751,3071,3251,4641,3491,1471,1661,2251,0328328178256221,0581,1641,2911,1721,0711,078
  S&GA Expenses-22.2%309397378324322384359283308361294182154166132251290350313284267
EBITDA Margin-13.6%0.18*0.21*0.26*0.30*0.32*0.33*0.31*0.28*0.21*0.16*0.06*-0.14*---------
Interest Expenses-6.2%75.0080.0068.0073.0069.0064.0064.0053.0051.0047.0059.0061.0068.0064.0051.0048.0039.0049.0048.0042.0049.00
Income Taxes-175.4%-98.0013016285.0092.0031130916816225588.00-80.00-45.008.00-128-107-12813919.00-45.00-10.00
Earnings Before Taxes-78.6%1627575983975161,3421,083695543929486-250-13553.00-609-26514.0032881.00-1363.00
EBT Margin-15.6%0.16*0.19*0.24*0.28*0.30*0.31*0.29*0.26*0.18*0.13*0.02*-0.19*---------
Net Income-58.6%2596264353124231,034778529382675398-170-90.0045.00-481-15814218962.00-91.0013.00
Net Income Margin-9.1%0.14*0.15*0.18*0.21*0.23*0.23*0.21*0.19*0.14*0.10*0.03*-0.14*---------
Free Cashflow-36.7%7931,2539638198451,4911,2231,1489431,293919336---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets0.8%32,56932,30431,39527,38825,92725,19726,09523,57322,60021,61022,01318,60917,53819,59621,69023,55223,12623,10824,45522,90219,149
  Current Assets-3.9%2,1392,2262,2331,9831,8861,9762,0651,7681,8472,2672,7361,8681,7952,6352,2401,9272,1452,1472,2862,1372,174
    Cash Equivalents12.6%6445725715485705815795506268861,3245767651,5641,258679900615534540735
  Net PPE11.1%719647624604594506520531537540578611657692729767792752749737736
  Goodwill1.7%1,0991,0811,0821,0761,0701,0311,0661,0961,1081,1141,1271,1211,1371,1121,0771,0691,1011,0831,1071,0861,092
  Current Liabilities-3.8%2,6592,7632,8442,7492,5742,7462,7712,7022,4082,4982,4672,1902,0532,1662,1032,2632,2252,2902,6692,2581,716
  Short Term Borrowings-----27.00---19.00------------
  Long Term Debt-100.0%-4,7364,6684,6624,6444,5634,6244,6783,9904,0094,2774,2644,1914,1453,8843,3963,4163,3883,1153,5013,528
    LT Debt, Current-100.0%-30.0034.0034.0027.0027.0027.0027.0019.0018.0021.0019.0019.0019.0019.0011819.0095.0042023.0023.00
    LT Debt, Non Current1.2%4,7914,7364,6684,6624,6444,5634,6244,6783,9904,0094,2774,2644,1914,1453,8843,3963,4163,3883,1153,5013,528
Shareholder's Equity-100.0%-6,6266,6256,6206,6666,6766,6436,6466,6766,67392.006,6426,6686,6726,670292656495376324414
  Retained Earnings-2.5%3,8543,9523,3262,8912,5792,1561,122344-185-567-1,242-1,640-1,470-1,380-1,425-944-785-927-1,116-1,178-1,091
  Additional Paid-In Capital0.1%6,6346,6266,6256,6206,6666,6766,6436,6466,6766,6736,6466,6426,6686,6726,6706,6776,7416,7356,7236,7376,771
Minority Interest20.0%6.005.004.003.003.002.005.009.0011.0013.00-----------
Float-------4,269---3,950---1,199---2,564--
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-36.7%7931,2539638198451,4911,2231,1489431,29391933659.00282-20.00370655966525440514
  Share Based Compensation-25.0%6.008.008.008.006.007.006.006.005.0011.0010.004.003.004.004.00-2.004.006.007.005.006.00
Cashflow From Investing75.8%-416-1,716-3,536-1,678-723294-2,705-1,165-1,375-896-2,669-1,3666942,1661,799-1,482286108-1,712-1,434251
Cashflow From Financing-192.2%-4725122,625841-222-1,7201,55230.00109-8522,516914-1,662-2,159-1,186962-772-9371,090937-787
  Buy Backs-46.7%26149014951.007558264491,2994639753.0019.00-1.00-1182.0061.00-4.0073.00

CAR Income Statement

2023-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues   
Revenues$ 12,008$ 11,994$ 9,313
Expenses   
Operating5,6755,2854,255
Vehicle depreciation and lease charges, net1,7398281,197
Selling, general and administrative1,4081,3481,145
Vehicle interest, net736402313
Non-vehicle related depreciation and amortization216225272
Interest expense related to corporate debt, net:   
Interest expense296250218
Early extinguishment of debt50136
Restructuring and other related charges111964
Transaction-related costs, net585
Other (income) expense, net3(7)0
Total expenses10,0948,3587,605
Income before income taxes1,9143,6361,708
Provision for income taxes279880425
Net income1,6352,7561,283
Less: Net income (loss) attributable to non-controlling interests3(8)(2)
Net income attributable to Avis Budget Group, Inc.$ 1,632$ 2,764$ 1,285
Earnings per share   
Basic (in USD per share)$ 42.57$ 58.41$ 19.79
Diluted (in USD per share)$ 42.08$ 57.16$ 19.44

CAR Balance Sheet

2023-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 555$ 570
Receivables (net of allowance for doubtful accounts of $87 and $86, respectively)900810
Other current assets684506
Total current assets2,1391,886
Property and equipment, net719594
Operating lease right-of-use assets2,6542,405
Deferred income taxes1,8681,379
Goodwill1,0991,070
Other intangibles, net670666
Other non-current assets441499
Total assets exclusive of assets under vehicle programs9,5908,499
Assets under vehicle programs:  
Program cash8570
Vehicles, net21,24015,961
Receivables from vehicle manufacturers and other443421
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party1,211976
Total assets under vehicle programs22,97917,428
Total assets32,56925,927
Current liabilities:  
Accounts payable and other current liabilities2,6272,547
Short-term debt and current portion of long-term debt3227
Total current liabilities2,6592,574
Long-term debt4,7914,644
Long-term operating lease liabilities2,1171,884
Other non-current liabilities528554
Total liabilities exclusive of liabilities under vehicle programs10,0959,656
Liabilities under vehicle programs:  
Debt3,4962,534
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party15,44111,275
Deferred income taxes3,4182,754
Other462408
Total Liabilities under vehicle programs22,81716,971
Commitments and contingencies (Note 15)
Stockholders’ equity:  
Preferred stock, $.01 par value—authorized 10 shares; none issued and outstanding00
Common stock, $.01 par value—authorized 250 shares; issued 137 shares, respectively11
Additional paid-in capital6,6346,666
Retained earnings3,8542,579
Accumulated other comprehensive loss(96)(101)
Treasury stock, at cost 102 and 98 shares, respectively(10,742)(9,848)
Stockholders’ equity attributable to Avis Budget Group, Inc.(349)(703)
Non-controlling interests63
Total stockholders’ equity(343)(700)
Total liabilities and stockholders’ equity$ 32,569$ 25,927
CAR
Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers in the Americas, Europe, the Middle East and Africa, Asia, and Australasia. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 19,000 vehicles, which are rented through a network of approximately 415 dealer-operated and 390 company-operated locations that serve the light commercial and consumer sectors in the continental United States; and the Zipcar brand, a car sharing network. The company also operates various other car rental brands, such as Budget, Payless, Apex, Maggiore, Morini Rent, FranceCars, Amicoblue, Turiscar, and ACL Hire. In addition, it offers optional insurance products and coverages, such as supplemental liability, personal accident, personal effects protection, emergency sickness protection, and automobile towing protection and cargo insurance products; fuel service options, roadside assistance services, electronic toll collection services, curbside delivery, tablet rentals, access to satellite radio, portable navigation units, and child safety seat rentals; automobile towing equipment and other moving accessories, such as hand trucks, furniture pads, and moving supplies; and Business Intelligence solution, an online portal for corporate customers. 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.
 CEO
 WEBSITEwww.avisbudgetgroup.com
 EMPLOYEES18500

Avis Budget Group Inc Frequently Asked Questions


What is the ticker symbol for Avis Budget Group Inc? What does CAR stand for in stocks?

CAR is the stock ticker symbol of Avis Budget Group Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Avis Budget Group Inc (CAR)?

As of Fri Feb 23 2024, market cap of Avis Budget Group Inc is 3.73 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CAR stock?

You can check CAR's fair value in chart for subscribers.

What is the fair value of CAR stock?

You can check CAR's fair value in chart for subscribers. The fair value of Avis Budget Group Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Avis Budget Group Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CAR so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Avis Budget Group Inc a good stock to buy?

The fair value guage provides a quick view whether CAR is over valued or under valued. Whether Avis Budget Group Inc is cheap or expensive depends on the assumptions which impact Avis Budget Group Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CAR.

What is Avis Budget Group Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Feb 23 2024, CAR's PE ratio (Price to Earnings) is 2.28 and Price to Sales (PS) ratio is 0.31. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CAR PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Avis Budget Group Inc's stock?

In the past 10 years, Avis Budget Group Inc has provided 0.112 (multiply by 100 for percentage) rate of return.