Avis Budget (CAR)

Avis Budget Group, Inc. is a leading global provider of mobility solutions, both through its Avis and Budget brands, which have more than 10,000 rental locations in approximately 180 countries around the world, and through its Zipcar brand, which is the world's leading car sharing network with more than one million members. Avis Budget Group operates most of its car rental offices in North America, Europe and Australasia directly, and operates primarily through licensees in other parts of the world. Avis Budget Group is headquartered in Parsippany, N.J.

Company profile

Ticker

CAR

Exchange

NASDAQ

Website

www.avisbudgetgroup.com

CEO

Joseph Ferraro

Incorporated

Delaware

Location

New Jersey

Fiscal year end

Dec 31

Sector

Real Estate and Rental and Leasing > Passenger Car Rental

Industry (SIC)

Services - Auto Rental & Leasing (No Drivers)

Hertz Global • Hertz • Ryder System • SP Plus • Amerco • HyreCar • Earn-A-Car • eHi Car Services • Turo • Delimobil Holding ...

Former names

CENDANT CORP, CUC INTERNATIONAL INC /DE/

SEC CIK

0000723612

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

2233516 Ontario, Inc. • AAA France Cars SAS • AB Canada Holdings I Limited Partnership • AB Canada Holdings II Partnership • AB Canada Holdings III Limited Partnership • AB Car Rental Services, Inc. • AB FleetCo SAS • AB Funding Pty Ltd. • AB Group • AB Luxembourg Holdings ...

IRS number

60918165

CAR stock data

1M 1Y 5Y

News

From Benzinga Pro

Expert Ratings for Avis Budget Gr

4 Aug 22

Analysts have provided the following ratings for Avis Budget Gr (NASDAQ:CAR) within the last quarter:

Morgan Stanley Maintains Underweight on Avis Budget Gr, Raises Price Target to $150

4 Aug 22

Morgan Stanley analyst Adam Jonas maintains Avis Budget Gr (NASDAQ:CAR) with a Underweight and raises the price target from $140 to $150.

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3 Aug 22

Gainers MMTec, Inc. (NASDAQ: MTC) shares gained 390.6% to close at $7.85 on Tuesday amid volatility in nano-cap Chinese stocks.

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2 Aug 22

Avis Budget, Zebra Technologies And Some Other Big Stocks Moving Lower On Tuesday

2 Aug 22

Press releases

From Benzinga Pro

Zipcar Launches Limited-Time Program, "Drive to Donate," to Benefit Southside Blooms

9 Aug 22

Members can directly support Chicago's South Side youth by booking Zipcars by the hour or the day CHICAGO, Aug. 9, 2022 /PRNewswire/ -- Zipcar, the world's leading car-sharing network, today announced the launch

Zipcar Launches Limited-Time Program, "Drive to Donate," to Benefit Charles River Conservancy

9 Aug 22

Members can directly support the environmental sustainability of Boston's beloved river and parks by booking Zipcars by the hour or the day BOSTON, Aug. 9, 2022 /PRNewswire/ -- Zipcar, the world's leading

Avis Budget Group Reports Record Second Quarter Results

1 Aug 22

PARSIPPANY, N.J., Aug. 01, 2022 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) today announced financial results for second quarter 2022. We ended the quarter with revenues 37% above second quarter 2021, at

Avis Budget Group To Announce Second Quarter 2022 Results on August 1st

7 Jul 22

Analyst ratings and price targets

Last 3 months

Average target

$164.00

Low target

$150.00

High target

$184.00

Calendar

2 Aug 22

16 Aug 22

31 Dec 22

Financial summary

Financial statements Chart CAR financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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)	684M	684M	684M	684M	684M	684M
Cash burn (monthly)	(no burn)	60.58M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	95.09M	n/a	n/a	n/a	n/a
Cash remaining	n/a	588.91M	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	9.7	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Avis Budget earnings reports.

Recent insider trades

CAR insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
7 Aug 22	Rankin Patrick K	Common Stock	Payment of exercise	Dispose F	No	No	184.11	27,056	4.98M	51,935
7 Aug 22	Rankin Patrick K	Common Stock	Option exercise	Acquire M	No	No	0	56,073	0	78,991
7 Aug 22	Rankin Patrick K	RSU Common Stock	Option exercise	Dispose M	No	No	0	48,062	0	0
7 Aug 22	Rankin Patrick K	RSU Common Stock	Option exercise	Dispose M	No	No	0	8,011	0	0
3 Aug 22	LYNN Krominga	Common Stock	Sale back to company	Dispose D	Yes	No	180.85	26,953	4.87M	26,953
3 Aug 22	Glenn Lurie	Common Stock	Sell	Dispose S	No	No	178.94	1,474	263.76K	0
26 Jul 22	Ravi Simhambhatla	RSU Common Stock	Grant	Acquire A	No	No	0	1,519	0	1,519
26 Jul 22	Ravi Simhambhatla	RSU Common Stock	Grant	Acquire A	No	No	0	1,519	0	1,519
26 Jul 22	Ravi Simhambhatla	RSU Common Stock	Grant	Acquire A	No	No	0	33,756	0	33,756

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

CAR institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	296	313	-5.4%
Opened positions	54	87	-37.9%
Closed positions	71	61	+16.4%
Increased positions	67	50	+34.0%
Reduced positions	129	136	-5.1%

13F shares	Current	Prev Q	Change
Total value	13.59B	12.42B	+9.4%
Total shares	55.99M	64.05M	-12.6%
Total puts	1.58M	4.22M	-62.5%
Total calls	969.3K	2.29M	-57.7%
Total put/call ratio	1.6	1.8	-11.5%

Largest owners	Shares	Value	Change
SRS Investment Management	18.43M	$4.85B	0.0%
FMR	7.28M	$1.92B	-5.8%
Par Investment Partners	4.83M	$142.15M	0.0%
BLK Blackrock	4.66M	$1.23B	-0.5%
Vanguard	3.47M	$913.88M	-2.8%
NMR Nomura	2.04M	$530.51M	-43.4%
JEF Jefferies	1.49M	$392.1M	-0.2%
STT State Street	1.46M	$384.02M	+1.2%
Canada Pension Plan Investment Board	848.8K	$223.49M	-34.7%
BAC Bank Of America	789.09K	$207.77M	+203.5%

Largest transactions	Shares	Bought/sold	Change
NMR Nomura	2.04M	-1.56M	-43.4%
GS Goldman Sachs	341.62K	-1.5M	-81.4%
UBS UBS Group AG - Registered Shares	4.02K	-1.26M	-99.7%
BMO Bank of Montreal	595.35K	-811.58K	-57.7%
BAC Bank Of America	789.09K	+529.07K	+203.5%
Two Sigma Investments	271.89K	-502.15K	-64.9%
FMR	7.28M	-452K	-5.8%
Canada Pension Plan Investment Board	848.8K	-450.41K	-34.7%
D. E. Shaw & Co.	225.64K	-427.05K	-65.4%
Norges Bank	0	-396.96K	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.