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

123.31USD+3.95 (+3.31%)Market Closed

Market Summary

USD123.31+3.95

Market Closed

3.31%

CAR Alerts

Big fall in earnings (Y/Y)

Losses in recent quarter

CAR Stock Price

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CAR RSI Chart

CAR Valuation

Market Cap

4.4B

Price/Earnings (Trailing)

3.64

Price/Sales (Trailing)

0.37

EV/EBITDA

5.25

Price/Free Cashflow

1.22

CAR Price/Sales (Trailing)

CAR Profitability

EBT Margin

11.46%

Return on Equity

-237.4%

Return on Assets

3.6%

Free Cashflow Yield

81.85%

CAR Fundamentals

CAR Revenue

Revenue (TTM)

12.0B

Rev. Growth (Yr)

-0.23%

Rev. Growth (Qtr)

-7.71%

CAR Earnings

Earnings (TTM)

1.2B

Earnings Growth (Yr)

-136.54%

Earnings Growth (Qtr)

-144.02%

Breaking Down CAR Revenue

Last 7 days

5.7%

Last 30 days

-2.7%

Last 90 days

-28.8%

Trailing 12 Months

-26.5%

How does CAR drawdown profile look like?

CAR Financial Health

Current Ratio

0.76

Debt/Equity

-9.91

Debt/Cashflow

0.72

CAR Investor Care

Buy Backs (1Y)

10.35%

Diluted EPS (TTM)

31.55

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	12.0B	0	0	0
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

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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?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 10, 2024	Edgestream Partners, L.P.	sold off	-100	-1,304,100	-	-%
May 10, 2024	PNC Financial Services Group, Inc.	added	51.91	9,173	194,587	-%
May 10, 2024	WELLS FARGO & COMPANY/MN	added	4.03	-108,853	278,106	-%
May 10, 2024	JPMORGAN CHASE & CO	added	505	33,777,100	44,391,600	-%
May 10, 2024	VANGUARD GROUP INC	reduced	-2.65	-105,811,000	217,294,000	-%
May 10, 2024	Mitsubishi UFJ Trust & Banking Corp	reduced	-74.49	-1,876,240	414,571	-%
May 10, 2024	Cullen/Frost Bankers, Inc.	unchanged	-	-74,528	166,546	-%
May 10, 2024	MIZUHO MARKETS AMERICAS LLC	sold off	-100	-2,978,850	-	-%
May 10, 2024	Pacer Advisors, Inc.	reduced	-0.87	-154,845	336,520	-%
May 10, 2024	ONTARIO TEACHERS PENSION PLAN BOARD	added	9.44	-405,744	1,257,660	0.01%

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
May 02, 2024	10-Q	Quarterly Report
May 01, 2024	8-K	Current Report
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

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	101.4B	18.9B	-1.94%	14.02%	27.42	5.36	7.08%	13.46%
CTAS	70.0B	9.4B	2.73%	47.55%	46.59	7.44	9.34%	15.98%
CPRT	52.5B	4.1B	-2.52%	38.15%	38.7	12.93	10.52%	25.37%
EFX	30.3B	5.4B	-8.95%	17.61%	54.23	5.65	5.76%	-4.95%
BAH	19.7B	10.3B	7.55%	65.48%	48.12	1.91	13.90%	-5.05%
ALLE	11.0B	3.6B	-6.13%	16.03%	20.33	3.04	4.33%	10.69%
MID-CAP
RHI	7.5B	6.2B	-7.56%	3.86%	21.17	1.21	-13.83%	-42.32%
AL	5.4B	2.7B	0.48%	31.00%	9.33	2.01	15.08%	16.51%
SRCL	4.4B	2.6B	-8.95%	7.76%	-223.35	1.65	-3.11%	-123.81%
ABM	2.9B	8.2B	3.66%	6.00%	11.25	0.35	3.98%	33.49%
SMALL-CAP
AZZ	1.9B	2.7B	-2.25%	118.13%	18.91	0.71	104.63%	188.16%
ALTG	283.4M	1.9B	-25.23%	-30.59%	31.84	0.15	15.20%	-4.30%
ARC	119.2M	283.1M	4.17%	0.73%	13.62	0.42	-0.83%	-20.92%
AQMS	54.9M	1.1M	-25.00%	-56.73%	-2.29	49.78	336.95%	-55.13%
AWX	9.1M	81.0M	1.75%	-12.45%	-8.25	0.11	-4.98%	-14.33%

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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-7.7%	2,551	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
Costs and Expenses	3.5%	2,693	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
Operating Expenses	-0.4%	1,344	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
S&GA Expenses	5.2%	325	309	397	378	324	322	384	359	283	308	361	294	182	154	166	132	251	290	350	313	284
EBITDA Margin	-23.9%	0.14*	0.18*	0.21*	0.26*	0.30*	0.32*	0.33*	0.31*	0.28*	0.21*	0.16*	0.06*	-	-	-	-	-	-	-	-	-
Interest Expenses	10.7%	83.00	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
Income Taxes	70.4%	-29.00	-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
Earnings Before Taxes	-187.7%	-142	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
EBT Margin	-28.1%	0.11*	0.16*	0.19*	0.24*	0.28*	0.30*	0.31*	0.29*	0.26*	0.18*	0.13*	0.02*	-	-	-	-	-	-	-	-	-
Net Income	-144.0%	-114	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
Net Income Margin	-26.1%	0.10*	0.14*	0.15*	0.18*	0.21*	0.23*	0.23*	0.21*	0.19*	0.14*	0.10*	0.03*	-	-	-	-	-	-	-	-	-
Free Cashflow	-25.7%	589	793	1,253	963	819	845	1,491	1,223	1,148	943	1,293	919	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	2.9%	33,528	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
Current Assets	9.1%	2,333	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
Cash Equivalents	7.9%	599	555	572	571	548	570	581	579	550	626	886	1,324	576	765	1,564	1,258	679	900	615	534	540
Net PPE	-1.4%	709	719	647	624	604	594	506	520	531	537	540	578	611	657	692	729	767	792	752	749	737
Goodwill	-1.0%	1,088	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
Current Liabilities	15.6%	3,074	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
Short Term Borrowings	1165.6%	405	32.00	-	-	-	27.00	-	-	-	19.00	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	5.0%	5,032	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
LT Debt, Current	-	-	-	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
LT Debt, Non Current	-100.0%	-	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
Shareholder's Equity	-48.1%	-508	-343	-	-	-441	-700	-	-	-	-	-	92.00	-	-	-	-	292	656	495	376	324
Retained Earnings	-3.0%	3,738	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
Additional Paid-In Capital	-0.4%	6,610	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
Minority Interest	16.7%	7.00	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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-25.7%	589	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
Share Based Compensation	16.7%	7.00	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
Cashflow From Investing	-264.9%	-1,518	-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
Cashflow From Financing	290.0%	897	-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
Buy Backs	-94.3%	15.00	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

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CAR Income Statement

2024-03-31

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues
Revenues	$ 2,551	$ 2,557
Expenses
Operating	1,344	1,307
Vehicle depreciation and lease charges, net	636	265
Selling, general and administrative	325	324
Vehicle interest, net	239	133
Non-vehicle related depreciation and amortization	61	56
Interest expense related to corporate debt, net	83	73
Restructuring and other related charges	3	4
Transaction-related costs, net	1	0
Other (income) expense, net	1	(2)
Total expenses	2,693	2,160
Income (loss) before income taxes	(142)	397
Provision for (benefit from) income taxes	(29)	85
Net income (loss)	(113)	312
Less: net income attributable to non-controlling interests	1	0
Net income (loss) attributable to Avis Budget Group, Inc.	(114)	312
Comprehensive income (loss) attributable to Avis Budget Group, Inc.	$ (158)	$ 302
Earnings (loss) per share
Basic (in usd per share)	$ (3.21)	$ 7.88
Diluted (in usd per share)	$ (3.21)	$ 7.72

CAR Balance Sheet

2024-03-31

CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 522	$ 555
Receivables, net	1,032	900
Other current assets	779	684
Total current assets	2,333	2,139
Property and equipment, net	709	719
Operating lease right-of-use assets	2,750	2,654
Deferred income taxes	1,811	1,868
Goodwill	1,088	1,099
Other intangibles, net	658	670
Other non-current assets	450	441
Total assets exclusive of assets under vehicle programs	9,799	9,590
Assets under vehicle programs:
Program cash	73	85
Vehicles, net	22,020	21,240
Receivables from vehicle manufacturers and other	431	443
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party	1,205	1,211
Total assets under vehicle programs	23,729	22,979
Total Assets	33,528	32,569
Current liabilities:
Accounts payable and other current liabilities	2,669	2,627
Short-term debt and current portion of long-term debt	405	32
Total current liabilities	3,074	2,659
Long-term debt	5,032	4,791
Long-term operating lease liabilities	2,234	2,117
Other non-current liabilities	509	528
Total liabilities exclusive of liabilities under vehicle programs	10,849	10,095
Liabilities under vehicle programs:
Debt	3,241	3,496
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party	15,949	15,441
Deferred income taxes	3,325	3,418
Other	672	462
Total liabilities under vehicle programs	23,187	22,817
Commitments and contingencies (Note 12)
Stockholders’ equity:
Preferred stock, $0.01 par value—authorized 10 shares; none issued and outstanding, in each period	0	0
Common stock, $0.01 par value—authorized 250 shares; issued 137 shares, in each period	1	1
Additional paid-in capital	6,610	6,634
Retained earnings	3,738	3,854
Accumulated other comprehensive loss	(140)	(96)
Treasury stock, at cost—101 and 102 shares, respectively	(10,724)	(10,742)
Stockholders’ equity attributable to Avis Budget Group, Inc.	(515)	(349)
Non-controlling interests	7	6
Total stockholders’ equity	(508)	(343)
Total Liabilities and Stockholders’ Equity	$ 33,528	$ 32,569

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 Fri May 10 2024, market cap of Avis Budget Group Inc is 4.25 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 May 10 2024, CAR's PE ratio (Price to Earnings) is 3.53 and Price to Sales (PS) ratio is 0.35. 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 0.084 (multiply by 100 for percentage) rate of return.