Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers. 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 20,000 vehicles, which are rented through a network of approximately 465 dealer-operated and 385 company-operated locations that serve the consumer and light commercial 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, MoriniRent, 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 travel. Avis Budget Group, Inc. operates in approximately 10,400 locations worldwide. 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.
Company profile
Ticker
CAR
Exchange
Website
CEO
Mr. Joseph A. Ferraro
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ALICO INC
SEC CIK
Corporate docs
Subsidiaries
2233516 Ontario, Inc. • AAA France Cars SAS • AB Canada Holdings II Partnership • AB Car Rental Services, Inc. • AB FleetCo SAS • AB Funding Pty Ltd. • AB Group • AB Luxembourg Holdings • AB Scotland Finance • ABG Car Services Holdings, LLC ...
IRS number
60918165
CAR stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Other Events
13 Sep 24
10-Q
2024 Q2
Quarterly report
6 Aug 24
8-K
Results of Operations and Financial Condition
5 Aug 24
8-K
Submission of Matters to a Vote of Security Holders
24 May 24
8-K
Other Events
21 May 24
10-Q
2024 Q1
Quarterly report
2 May 24
8-K
Results of Operations and Financial Condition
1 May 24
DEFA14A
Additional proxy soliciting materials
3 Apr 24
DEF 14A
Definitive proxy
3 Apr 24
8-K
Entry into a Material Definitive Agreement
18 Mar 24
Transcripts
CAR
Earnings call transcript
2024 Q2
6 Aug 24
CAR
Earnings call transcript
2024 Q1
2 May 24
CAR
Earnings call transcript
2023 Q4
13 Feb 24
CAR
Earnings call transcript
2023 Q3
2 Nov 23
CAR
Earnings call transcript
2023 Q2
1 Aug 23
CAR
Earnings call transcript
2023 Q2
1 Aug 23
CAR
Earnings call transcript
2023 Q1
2 May 23
CAR
Earnings call transcript
2022 Q4
14 Feb 23
CAR
Earnings call transcript
2022 Q3
1 Nov 22
CAR
Earnings call transcript
2022 Q2
2 Aug 22
Latest ownership filings
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 583.00 mm | 583.00 mm | 583.00 mm | 583.00 mm | 583.00 mm | 583.00 mm |
Cash burn (monthly) | 5.33 mm | 8.25 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 20.03 mm | 30.98 mm | n/a | n/a | n/a | n/a |
Cash remaining | 562.97 mm | 552.02 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 105.6 | 66.9 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2024
98.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 272 |
Opened positions | 57 |
Closed positions | 42 |
Increased positions | 80 |
Reduced positions | 93 |
13F shares | Current |
---|---|
Total value | 3.63 tn |
Total shares | 35.02 mm |
Total puts | 1.81 mm |
Total calls | 1.36 mm |
Total put/call ratio | 1.3 |
Largest owners | Shares | Value |
---|---|---|
SRS Investment Management | 17.13 mm | $1.79 tn |
FMR | 3.22 mm | $337.05 bn |
BLK BlackRock | 1.76 mm | $183.93 bn |
Vanguard | 1.61 mm | $168.08 bn |
Par Capital Management | 850.00 k | $88.84 bn |
Rubric Capital Management | 690.27 k | $72.15 bn |
STT State Street | 656.01 k | $68.57 bn |
Massachusetts Financial Services | 589.78 k | $61.64 bn |
JPM JPMorgan Chase & Co. | 556.16 k | $58.13 bn |
Glenview Capital Management | 529.83 k | $55.38 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
26 Jul 24 | Ravi Simhambhatla | Common Stock | Payment of exercise | Dispose F | No | No | 104.74 | 7,871 | 824.41 k | 11,318 |
26 Jul 24 | Ravi Simhambhatla | Common Stock | Option exercise | Acquire M | No | No | 0 | 18,324 | 0.00 | 19,189 |
26 Jul 24 | Ravi Simhambhatla | Dividend Equivalent Units Common Stock | Option exercise | Dispose M | No | No | 0 | 940 | 0.00 | 1,216 |
26 Jul 24 | Ravi Simhambhatla | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 506 | 0.00 | 507 |
26 Jul 24 | Ravi Simhambhatla | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 16,878 | 0.00 | 16,878 |
30 Jun 24 | Bernardo Hees | Common Stock | Payment of exercise | Dispose F | Yes | No | 104.52 | 4,640 | 484.97 k | 510,436 |
30 Jun 24 | Bernardo Hees | Common Stock | Option exercise | Acquire M | Yes | No | 0 | 10,095 | 0.00 | 515,076 |
30 Jun 24 | Bernardo Hees | Dividend Equivalent Units Common Stock | Option exercise | Dispose M | No | No | 0 | 518 | 0.00 | 1,073 |
30 Jun 24 | Bernardo Hees | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 9,577 | 0.00 | 0 |
22 May 24 | Bernardo Hees | Common Stock | Grant | Acquire A | Yes | No | 113.65 | 673 | 76.49 k | 2,280 |
News
Goldman Sachs Maintains Neutral on Avis Budget Gr, Lowers Price Target to $90
11 Oct 24
Barclays Initiates Coverage On Avis Budget Gr with Equal-Weight Rating, Announces Price Target of $105
19 Sep 24
Top 3 Industrials Stocks That May Rocket Higher In Q3
11 Sep 24
Avis Budget Subsidiaries Prices Private Offering Of $700M Of 8.250% Senior Notes Due 2030
10 Sep 24
10 Industrials Stocks With Whale Alerts In Today's Session
4 Sep 24