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

99.57USD-3.73 (-3.61%)Market Closed

Market Summary

USD99.57-3.73

Market Closed

-3.61%

CAR Stock Price

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CAR RSI Chart

CAR Valuation

Market Cap

3.5B

Price/Earnings (Trailing)

2.16

Price/Sales (Trailing)

0.29

EV/EBITDA

3.51

Price/Free Cashflow

0.92

CAR Price/Sales (Trailing)

CAR Profitability

EBT Margin

15.94%

Return on Equity

24.63%

Return on Assets

5.01%

Free Cashflow Yield

108.38%

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

Last 7 days

-2.3%

Last 30 days

-15.9%

Last 90 days

-42.8%

Trailing 12 Months

-40.1%

How does CAR drawdown profile look like?

CAR Financial Health

Current Ratio

0.8

Debt/Equity

0.71

Debt/Cashflow

0.8

CAR Investor Care

Buy Backs (1Y)

10.13%

Diluted EPS (TTM)

42.48

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	12.1B	12.0B	12.0B	12.0B
2022	10.4B	11.2B	11.8B	12.0B
2021	5.0B	6.6B	8.1B	9.3B
2020	9.0B	7.4B	6.2B	5.4B
2019	9.1B	9.1B	9.1B	9.2B
2018	9.0B	9.1B	9.1B	9.1B
2017	8.6B	8.6B	8.7B	8.8B
2016	8.5B	8.6B	8.7B	8.7B
2015	8.5B	8.5B	8.5B	8.5B
2014	8.1B	8.3B	8.4B	8.5B
2013	7.4B	7.6B	7.8B	7.9B
2012	5.0B	5.5B	6.0B	7.4B
2011	5.3B	5.4B	5.5B	4.6B
2010	5.1B	5.1B	5.1B	5.2B
2009	0	5.7B	5.4B	5.1B
2008	0	0	0	6.0B

Get all data in R, Python etc through our Historical Stock Data APIs

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

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 09, 2024	linnen edward p	sold (taxes)	-480,756	111	-4,294	evp, chief hr officer
Mar 09, 2024	choi brian j	acquired	-	-	26,412	evp and cto - see remarks
Mar 09, 2024	degenova cathleen	acquired	-	-	2,396	chief accounting officer
Mar 09, 2024	ferraro joseph a.	sold (taxes)	-4,751,250	111	-42,437	president and ceo
Mar 09, 2024	martins izilda p	acquired	-	-	13,981	evp and cfo
Mar 09, 2024	simhambhatla ravi	acquired	-	-	756	evp, cdio - see remarks
Mar 09, 2024	hees bernardo	acquired	-	-	25,392	executive chairman
Mar 09, 2024	martins izilda p	sold (taxes)	-681,053	111	-6,083	evp and cfo
Mar 09, 2024	degenova cathleen	sold (taxes)	-124,723	111	-1,114	chief accounting officer
Mar 09, 2024	choi brian j	sold (taxes)	-1,407,450	111	-12,571	evp and cto - see remarks

Which funds bought or sold CAR recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 24, 2024	DekaBank Deutsche Girozentrale	unchanged	-	-36,000	80,000	-%
Apr 24, 2024	Cambridge Investment Research Advisors, Inc.	sold off	-100	-257,000	-	-%
Apr 23, 2024	AMALGAMATED BANK	added	4.45	-615,000	1,595,000	0.01%
Apr 23, 2024	WASHINGTON TRUST Co	unchanged	-	-10,960	24,492	-%
Apr 23, 2024	Gradient Investments LLC	reduced	-99.55	-118,574	367	-%
Apr 23, 2024	NEW MEXICO EDUCATIONAL RETIREMENT BOARD	unchanged	-	-219,000	490,000	0.02%
Apr 23, 2024	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	unchanged	-	-27,729	45,941	-%
Apr 23, 2024	FIFTH THIRD BANCORP	reduced	-15.43	-13,854	19,471	-%
Apr 23, 2024	Louisiana State Employees Retirement System	added	1.92	-272,714	649,038	0.01%
Apr 23, 2024	Venturi Wealth Management, LLC	sold off	-100	-6,736	-	-%

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 Filed	Name of Filer	Percent of Class	No. of Shares	Form 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
Apr 03, 2024	DEF 14A	DEF 14A
Apr 03, 2024	DEFA14A	DEFA14A
Mar 18, 2024	8-K	Current Report
Mar 15, 2024	4	Insider Trading
Mar 15, 2024	4	Insider Trading
Mar 15, 2024	4	Insider Trading
Mar 15, 2024	4	Insider Trading
Mar 15, 2024	4	Insider Trading
Mar 15, 2024	4	Insider Trading
Mar 15, 2024	4	Insider Trading

Peers (Alternatives to Avis Budget Group Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ADP	101.2B	18.6B	0.54%	16.87%	28.45	5.45	7.76%	13.08%
CTAS	67.5B	9.4B	4.99%	51.27%	44.88	7.17	9.34%	15.98%
CPRT	53.1B	4.1B	-3.43%	43.35%	39.17	13.09	10.52%	25.37%
EFX	28.0B	5.4B	-13.11%	13.93%	50.15	5.23	5.76%	-4.95%
BAH	18.9B	10.3B	-1.11%	54.68%	46.13	1.83	13.90%	-5.05%
ALLE	10.9B	3.6B	-6.38%	16.13%	20.25	3.02	4.33%	10.65%
MID-CAP
RHI	7.4B	6.4B	-8.82%	-0.04%	18.07	1.16	-11.68%	-37.51%
AL	5.7B	2.7B	2.50%	33.81%	9.31	2.13	15.87%	733.47%
SRCL	4.6B	2.6B	-11.83%	10.13%	-237.52	1.75	-3.11%	-123.81%
ABM	2.8B	8.2B	1.37%	8.46%	10.9	0.34	3.98%	33.49%
SMALL-CAP
AZZ	1.9B	2.7B	-4.31%	99.08%	21.53	0.69	104.63%	175.67%
ALTG	375.3M	1.9B	-10.76%	-16.91%	42.17	0.2	19.40%	-4.30%
ARC	117.2M	281.2M	-0.36%	-8.97%	14.23	0.42	-1.68%	-25.77%
AQMS	57.1M	1.1M	-5.66%	-56.14%	-2.39	49.78	336.95%	-55.13%
AWX	8.6M	80.5M	-2.22%	-18.12%	-4.77	0.11	-0.82%	-207.00%

Avis Budget Group Inc News

Latest updates

Avis Budget Group Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-22.4%	2,764	3,564	3,123	2,557	2,771	3,547	3,244	2,432	2,569	3,001	2,371	1,372	1,355	1,534	760	1,753	2,162	2,753	2,337	1,920	2,050
Costs and Expenses	-7.3%	2,602	2,807	2,525	2,160	2,255	2,205	2,161	1,737	2,026	2,072	1,885	1,622	1,490	1,481	1,369	2,018	2,148	2,425	2,256	2,056	2,047
Operating Expenses	-12.5%	1,350	1,543	1,475	1,307	1,325	1,464	1,349	1,147	1,166	1,225	1,032	832	817	825	622	1,058	1,164	1,291	1,172	1,071	1,078
S&GA Expenses	-22.2%	309	397	378	324	322	384	359	283	308	361	294	182	154	166	132	251	290	350	313	284	267
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%	75.00	80.00	68.00	73.00	69.00	64.00	64.00	53.00	51.00	47.00	59.00	61.00	68.00	64.00	51.00	48.00	39.00	49.00	48.00	42.00	49.00
Income Taxes	-175.4%	-98.00	130	162	85.00	92.00	311	309	168	162	255	88.00	-80.00	-45.00	8.00	-128	-107	-128	139	19.00	-45.00	-10.00
Earnings Before Taxes	-78.6%	162	757	598	397	516	1,342	1,083	695	543	929	486	-250	-135	53.00	-609	-265	14.00	328	81.00	-136	3.00
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%	259	626	435	312	423	1,034	778	529	382	675	398	-170	-90.00	45.00	-481	-158	142	189	62.00	-91.00	13.00
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%	793	1,253	963	819	845	1,491	1,223	1,148	943	1,293	919	336	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	0.8%	32,569	32,304	31,395	27,388	25,927	25,197	26,095	23,573	22,600	21,610	22,013	18,609	17,538	19,596	21,690	23,552	23,126	23,108	24,455	22,902	19,149
Current Assets	-3.9%	2,139	2,226	2,233	1,983	1,886	1,976	2,065	1,768	1,847	2,267	2,736	1,868	1,795	2,635	2,240	1,927	2,145	2,147	2,286	2,137	2,174
Cash Equivalents	-3.0%	555	572	571	548	570	581	579	550	626	886	1,324	576	765	1,564	1,258	679	900	615	534	540	735
Net PPE	11.1%	719	647	624	604	594	506	520	531	537	540	578	611	657	692	729	767	792	752	749	737	736
Goodwill	10890.0%	1,099	10.00	1,082	1,076	1,070	1,031	1,066	1,096	1,108	1,114	1,127	1,121	1,137	1,112	1,077	1,069	1,101	1,083	1,107	1,086	1,092
Current Liabilities	-3.8%	2,659	2,763	2,844	2,749	2,574	2,746	2,771	2,702	2,408	2,498	2,467	2,190	2,053	2,166	2,103	2,263	2,225	2,290	2,669	2,258	1,716
Short Term Borrowings	-	-	-	-	-	27.00	-	-	-	19.00	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	1.2%	4,791	4,736	4,668	4,662	4,644	4,563	4,624	4,678	3,990	4,009	4,277	4,264	4,191	4,145	3,884	3,396	3,416	3,388	3,115	3,501	3,528
LT Debt, Current	-100.0%	-	30.00	34.00	34.00	27.00	27.00	27.00	27.00	19.00	18.00	21.00	19.00	19.00	19.00	19.00	118	19.00	95.00	420	23.00	23.00
LT Debt, Non Current	1.2%	4,791	4,736	4,668	4,662	4,644	4,563	4,624	4,678	3,990	4,009	4,277	4,264	4,191	4,145	3,884	3,396	3,416	3,388	3,115	3,501	3,528
Shareholder's Equity	-	-	-	-	-	-	-	-	-	-	-	92.00	-	-	-	-	292	656	495	376	324	414
Retained Earnings	-2.5%	3,854	3,952	3,326	2,891	2,579	2,156	1,122	344	-185	-567	-1,242	-1,640	-1,470	-1,380	-1,425	-944	-785	-927	-1,116	-1,178	-1,091
Additional Paid-In Capital	0.1%	6,634	6,626	6,625	6,620	6,666	6,676	6,643	6,646	6,676	6,673	6,646	6,642	6,668	6,672	6,670	6,677	6,741	6,735	6,723	6,737	6,771
Minority Interest	20.0%	6.00	5.00	4.00	3.00	3.00	2.00	5.00	9.00	11.00	13.00	-	-	-	-	-	-	-	-	-	-	-
Float	-	-	-	4,507	-	-	-	4,269	-	-	-	3,950	-	-	-	1,199	-	-	-	2,564	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-36.7%	793	1,253	963	819	845	1,491	1,223	1,148	943	1,293	919	336	59.00	282	-20.00	370	655	966	525	440	514
Share Based Compensation	-25.0%	6.00	8.00	8.00	8.00	6.00	7.00	6.00	6.00	5.00	11.00	10.00	4.00	3.00	4.00	4.00	-2.00	4.00	6.00	7.00	5.00	6.00
Cashflow From Investing	75.8%	-416	-1,716	-3,536	-1,678	-723	294	-2,705	-1,165	-1,375	-896	-2,669	-1,366	694	2,166	1,799	-1,482	286	108	-1,712	-1,434	251
Cashflow From Financing	-192.2%	-472	512	2,625	841	-222	-1,720	1,552	30.00	109	-852	2,516	914	-1,662	-2,159	-1,186	962	-772	-937	1,090	937	-787
Buy Backs	-46.7%	261	490	149	51.00	755	826	449	1,299	463	975	3.00	19.00	-	1.00	-	118	2.00	61.00	-	4.00	73.00

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
Operating	5,675	5,285	4,255
Vehicle depreciation and lease charges, net	1,739	828	1,197
Selling, general and administrative	1,408	1,348	1,145
Vehicle interest, net	736	402	313
Non-vehicle related depreciation and amortization	216	225	272
Interest expense related to corporate debt, net:
Interest expense	296	250	218
Early extinguishment of debt	5	0	136
Restructuring and other related charges	11	19	64
Transaction-related costs, net	5	8	5
Other (income) expense, net	3	(7)	0
Total expenses	10,094	8,358	7,605
Income before income taxes	1,914	3,636	1,708
Provision for income taxes	279	880	425
Net income	1,635	2,756	1,283
Less: Net income (loss) attributable to non-controlling interests	3	(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)	900	810
Other current assets	684	506
Total current assets	2,139	1,886
Property and equipment, net	719	594
Operating lease right-of-use assets	2,654	2,405
Deferred income taxes	1,868	1,379
Goodwill	1,099	1,070
Other intangibles, net	670	666
Other non-current assets	441	499
Total assets exclusive of assets under vehicle programs	9,590	8,499
Assets under vehicle programs:
Program cash	85	70
Vehicles, net	21,240	15,961
Receivables from vehicle manufacturers and other	443	421
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party	1,211	976
Total assets under vehicle programs	22,979	17,428
Total assets	32,569	25,927
Current liabilities:
Accounts payable and other current liabilities	2,627	2,547
Short-term debt and current portion of long-term debt	32	27
Total current liabilities	2,659	2,574
Long-term debt	4,791	4,644
Long-term operating lease liabilities	2,117	1,884
Other non-current liabilities	528	554
Total liabilities exclusive of liabilities under vehicle programs	10,095	9,656
Liabilities under vehicle programs:
Debt	3,496	2,534
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party	15,441	11,275
Deferred income taxes	3,418	2,754
Other	462	408
Total Liabilities under vehicle programs	22,817	16,971
Commitments and contingencies (Note 15)
Stockholders’ equity:
Preferred stock, $.01 par value—authorized 10 shares; none issued and outstanding	0	0
Common stock, $.01 par value—authorized 250 shares; issued 137 shares, respectively	1	1
Additional paid-in capital	6,634	6,666
Retained earnings	3,854	2,579
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 interests	6	3
Total stockholders’ equity	(343)	(700)
Total liabilities and stockholders’ equity	$ 32,569	$ 25,927

About Avis Budget Group Inc

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	Mr. Joseph A. Ferraro
WEBSITE	avisbudgetgroup.com
INDUSTRY	Information Technology Services
EMPLOYEES	18500

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 Thu Apr 25 2024, market cap of Avis Budget Group Inc is 3.53 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 Thu Apr 25 2024, CAR's PE ratio (Price to Earnings) is 2.17 and Price to Sales (PS) ratio is 0.29. 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 0.066 (multiply by 100 for percentage) rate of return.