CAR Avis Budget
Avis Budget Group, Inc. engages in the provision of vehicle sharing and rental services. It operates through the Americas and International segments. The Americas segment licenses the company’s brands to third parties for vehicle rentals and and ancillary products and services in North America, South America, Central America, and the Caribbean. The International segment leases out vehicles in Europe, the Middle East, Africa, Asia, and Australasia. The company was founded by Warren E. Avis in 1946 and is headquartered in Parsippany, NJ.
Company profile
Ticker
CAR
Exchange
Website
CEO
Joseph Ferraro
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CENDANT CORP, CUC INTERNATIONAL INC /DE/
SEC CIK
Corporate docs
IRS number
60918165
CAR stock data
()
News
Stocks That Hit 52-Week Highs On Thursday
22 Apr 21
Benzinga's Top Ratings Upgrades, Downgrades For April 20, 2021
20 Apr 21
B of A Securities Downgrades Avis Budget Gr to Neutral
20 Apr 21
Stocks That Hit 52-Week Highs On Friday
16 Apr 21
8 Industrials Stocks Showing Unusual Options Activity In Today's Session
14 Apr 21
Press releases
Zipcar Expands Partnership with the City of Philadelphia to Increase Access to Car Sharing
21 Apr 21
Avis Budget Group to Announce First Quarter 2021 Results on May 3rd
14 Apr 21
Avis Budget Group Announces Pricing of $500 Million of Senior Notes
9 Mar 21
Avis Budget Group Announces Intention to Offer $350 Million of Senior Notes
9 Mar 21
Avis Budget Group Announces Pricing of $600 Million of Senior Notes
17 Feb 21
Calendar
17 Feb 21
22 Apr 21
31 Dec 21
Financial summary
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Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Financial data from Avis Budget earnings reports.
| Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 765M | 765M | 765M | 765M | 765M | 765M |
| Cash burn (monthly) | 298.33M | 11.25M | 45M | 79.67M | (positive/no burn) | (positive/no burn) |
| Cash used (since last report) | 1.12B | 42.09M | 168.37M | 298.07M | n/a | n/a |
| Cash remaining | -351.22M | 722.91M | 596.63M | 466.93M | n/a | n/a |
| Runway (months of cash) | -1.2 | 64.3 | 13.3 | 5.9 | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 15 Mar 21 | Veresh Sita | RSU Common Stock | Grant | Aquire A | No | No | 0 | 20,822 | 0 | 20,822 |
| 15 Mar 21 | Joseph A. Ferraro | Common Stock | Payment of exercise | Dispose F | No | No | 72.04 | 5,501 | 396.29K | 128,991 |
| 15 Mar 21 | Joseph A. Ferraro | Common Stock | Option exercise | Aquire M | No | No | 0 | 11,285 | 0 | 134,492 |
| 15 Mar 21 | Joseph A. Ferraro | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 7,180 | 0 | 7,180 |
| 15 Mar 21 | Joseph A. Ferraro | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 4,105 | 0 | 0 |
| 15 Mar 21 | Izilda P Martins | Common Stock | Payment of exercise | Dispose F | No | No | 72.04 | 1,096 | 78.96K | 13,004 |
| 15 Mar 21 | Izilda P Martins | Common Stock | Option exercise | Aquire M | No | No | 0 | 3,495 | 0 | 14,100 |
| 15 Mar 21 | Izilda P Martins | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 2,178 | 0 | 2,178 |
| 15 Mar 21 | Izilda P Martins | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 1,317 | 0 | 0 |
| 15 Mar 21 | Edward P Linnen | Common Stock | Payment of exercise | Dispose F | No | No | 72.04 | 2,820 | 203.15K | 41,831 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
13F holders |
Current |
|---|---|
| Total holders | 245 |
| Opened positions | 50 |
| Closed positions | 41 |
| Increased positions | 52 |
| Reduced positions | 95 |
13F shares |
Current |
|---|---|
| Total value | 2.61B |
| Total shares | 70.09M |
| Total puts | 6.86M |
| Total calls | 5.1M |
| Total put/call ratio | 1.3 |
Largest owners |
Shares | Value |
|---|---|---|
| SRS Investment Management | 18.43M | $687.47M |
| BLK Blackrock | 6.56M | $244.67M |
| NMR Nomura | 5.15M | $191.92M |
| Vanguard | 4.65M | $173.62M |
| JEF Jefferies | 2.75M | $102.73M |
| STT State Street | 2.27M | $84.71M |
| UBS UBS Group AG - Registered Shares | 1.97M | $73.53M |
| PZN Pzena Investment Management | 1.81M | $67.41M |
| Glenview Capital Management | 1.72M | $64.32M |
| Melvin Capital Management | 1.6M | $59.68M |
Financial report summary
?Content analysis
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| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. junior Avg
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New words:
ABS, absence, AC, adequacy, afford, ago, amplified, analyst, arrival, belief, bespoke, brian, casualty, channel, choi, clear, coalition, comparison, correct, correlated, council, Counsel, covenant, demonstrate, depressed, desire, desired, discipline, discretionary, disinfection, distancing, downgrade, downgraded, downside, drove, Eleventh, emotional, equitably, Excellence, fewer, fluid, frozen, fundamentally, furlough, hail, happy, harmonize, healthcare, heard, Hip, holistic, Hop, human, hygiene, idle, incentivizing, interrelated, JAGDEEP, judgement, LGBTQ, lien, lifted, lost, Lysol, magnitude, medical, men, mental, merit, Milan, momentum, Moody, newest, ofincorporation, oral, overflow, PAHWA, pausing, pool, population, prioritized, proceed, prolonged, racial, RB, refresh, relief, resource, resume, ride, rooted, run, sanitize, sanitizer, sanitizing, screening, secondary, sentiment, shrink, sick, signage, situation, skill, skilled, slowdown, solidly, sought, spending, stronger, subside, suggest, suspected, temperature, tenure, transformed, twelve, unavoidable, untrue, UTD, visibility, waiver, wealth, worn, worsening, write
Removed:
achieving, affirm, affirmative, ancestry, appeal, applying, assured, bribery, broader, care, cautionary, chauffeur, choksi, citizenship, coleman, commute, complemented, Computershare, concept, Condensed, Corrupt, david, deductibility, defer, deficit, delinquent, deployment, disability, drawn, enabled, execute, exhaustive, expansion, explanation, factor, foregoing, founded, fox, French, gender, headquartered, HFS, honored, implementing, input, instant, jeffrey, jr, leonard, lessening, limitation, list, Martyn, mary, materiality, merged, month, municipal, organic, orientation, origin, Parent, persuasive, practical, predecessor, provincial, race, recruit, reliable, religion, renamed, resign, retire, rigorously, robert, salerno, scale, sexual, Smith, sponsor, sponsorship, spot, stake, standardization, streamline, team, unaudited, unchanged, uncommitted, unconditional, upgrade, veteran, vi, Waymo, week, weekday, winning, Wyshner
Financial reports
10-K
2020 FY
Annual report
17 Feb 21
10-Q
2020 Q3
Quarterly report
30 Oct 20
10-Q
2020 Q2
Quarterly report
29 Jul 20
10-Q
2020 Q1
Quarterly report
30 Apr 20
10-K
2019 FY
Annual report
20 Feb 20
10-Q
2019 Q3
Quarterly report
1 Nov 19
10-Q
2019 Q2
Quarterly report
6 Aug 19
10-Q
2019 Q1
Quarterly report
2 May 19
10-K
2018 FY
Annual report
21 Feb 19
10-Q
2018 Q3
Quarterly report
6 Nov 18
Current reports
8-K
Other Events
23 Mar 21
8-K
Other Events
1 Mar 21
8-K
Other Events
17 Feb 21
8-K
Entry into a Material Definitive Agreement
16 Feb 21
8-K
Results of Operations and Financial Condition
16 Feb 21
8-K
Departure of Directors or Certain Officers
14 Dec 20
8-K
Entry into a Material Definitive Agreement
9 Nov 20
8-K
Results of Operations and Financial Condition
29 Oct 20
8-K
Entry into a Material Definitive Agreement
14 Aug 20
8-K
Avis Budget Group Announces Chief Financial Officer Transition
13 Aug 20
Registration and prospectus
424B5
Prospectus supplement for primary offering
17 Feb 21
S-3ASR
Automatic shelf registration
17 Feb 21
8-A12B/A
Registration of securities on exchange (amended)
21 May 20
8-A12B
Registration of securities on exchange
28 Jan 20
S-8
Registration of securities for employees
6 Aug 19
8-A12B/A
Registration of securities on exchange (amended)
15 Apr 18
8-A12B
Registration of securities on exchange
15 Jan 18
8-A12B/A
Registration of securities on exchange (amended)
2 May 17
8-A12B
Registration of securities on exchange
22 Jan 17
S-8
Registration of securities for employees
26 Jul 16
Proxies
DEFA14A
Additional proxy soliciting materials
30 Mar 21
DEF 14A
Definitive proxy
30 Mar 21
DEFA14A
Additional proxy soliciting materials
21 Apr 20
DEF 14A
Definitive proxy
26 Mar 20
DEFA14A
Additional proxy soliciting materials
24 Feb 20
DEFA14A
Additional proxy soliciting materials
26 Mar 19
DEF 14A
Definitive proxy
26 Mar 19
DEFA14A
Additional proxy soliciting materials
23 Apr 18
DEF 14A
Definitive proxy
15 Apr 18
DEFA14A
Additional proxy soliciting materials
15 Apr 18
Other
CT ORDER
Confidential treatment order
2 May 19
CT ORDER
Confidential treatment order
21 Jun 18
UPLOAD
Letter from SEC
4 Apr 18
CORRESP
Correspondence with SEC
1 Apr 18
UPLOAD
Letter from SEC
1 Apr 18
CT ORDER
Confidential treatment order
13 Dec 17
CT ORDER
Confidential treatment order
12 Sep 17
CT ORDER
Confidential treatment order
21 Jun 17
UPLOAD
Letter from SEC
11 Jan 17
CT ORDER
Confidential treatment order
21 Dec 16
Ownership
SC 13G/A
AVIS BUDGET / BlackRock ownership change
11 Apr 21
4
AVIS BUDGET / Cathleen DeGenova ownership change
17 Mar 21
4
AVIS BUDGET / Jean M Sera ownership change
17 Mar 21
4
AVIS BUDGET / Edward P Linnen ownership change
17 Mar 21
4
AVIS BUDGET / Izilda P Martins ownership change
17 Mar 21
4
AVIS BUDGET / Joseph A. Ferraro ownership change
17 Mar 21
4
AVIS BUDGET / Veresh Sita ownership change
17 Mar 21
3
AVIS BUDGET / Veresh Sita ownership change
16 Mar 21
4
AVIS BUDGET / Cathleen DeGenova ownership change
11 Mar 21
4
AVIS BUDGET / Jean M Sera ownership change
11 Mar 21
Transcripts
2020 Q4
Earnings call transcript
17 Feb 21
2020 Q3
Earnings call transcript
30 Oct 20
2020 Q2
Earnings call transcript
29 Jul 20
2020 Q1
Earnings call transcript
5 May 20
2019 Q4
Earnings call transcript
20 Feb 20
2019 Q3
Earnings call transcript
1 Nov 19
2019 Q2
Earnings call transcript
6 Aug 19
2019 Q1
Earnings call transcript
2 May 19
2018 Q4
Earnings call transcript
21 Feb 19
2018 Q3
Earnings call transcript
6 Nov 18
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