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
Website
CEO
Joseph Ferraro
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
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
Corporate docs
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
News

Expert Ratings for Avis Budget Gr
4 Aug 22
Morgan Stanley Maintains Underweight on Avis Budget Gr, Raises Price Target to $150
4 Aug 22
Why Shares Of Cannabis Companies Traded Higher; Here Are 101 Biggest Movers From Yesterday
3 Aug 22
Why Applied DNA Sciences Is Trading Higher By 166%, Here Are 75 Stocks Moving In Tuesday's Mid-Day Session
2 Aug 22
Avis Budget, Zebra Technologies And Some Other Big Stocks Moving Lower On Tuesday
2 Aug 22
Press releases
Zipcar Launches Limited-Time Program, "Drive to Donate," to Benefit Southside Blooms
9 Aug 22
Zipcar Launches Limited-Time Program, "Drive to Donate," to Benefit Charles River Conservancy
9 Aug 22
Avis Budget Group Reports Record Second Quarter Results
1 Aug 22
Avis Budget Group To Announce Second Quarter 2022 Results on August 1st
7 Jul 22
Analyst ratings and price targets
Current price
Average target
$164.00
Low target
$150.00
High target
$184.00
Morgan Stanley
Maintains
$150.00
Deutsche Bank
Maintains
$184.00
Barclays
Maintains
$158.00
Calendar
2 Aug 22
16 Aug 22
31 Dec 22
Financial summary
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 |
Recent insider trades
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 |
Institutional ownership, Q1 2022
13F holders | Current |
---|---|
Total holders | 296 |
Opened positions | 54 |
Closed positions | 71 |
Increased positions | 67 |
Reduced positions | 129 |
13F shares | Current |
---|---|
Total value | 13.59B |
Total shares | 55.99M |
Total puts | 1.58M |
Total calls | 969.3K |
Total put/call ratio | 1.6 |
Largest owners | Shares | Value |
---|---|---|
SRS Investment Management | 18.43M | $4.85B |
FMR | 7.28M | $1.92B |
Par Investment Partners | 4.83M | $142.15M |
BLK Blackrock | 4.66M | $1.23B |
Vanguard | 3.47M | $913.88M |
NMR Nomura | 2.04M | $530.51M |
JEF Jefferies | 1.49M | $392.1M |
STT State Street | 1.46M | $384.02M |
Canada Pension Plan Investment Board | 848.8K | $223.49M |
BAC Bank Of America | 789.09K | $207.77M |
Financial report summary
?Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. junior Avg
|
New words:
Brazil, Digital, drawn, Innovation, personnel, preliminarily, recession, renewal, Sita, Veresh, withheld
Removed:
immaterial, surge
Financial reports
Current reports
8-K
Results of Operations and Financial Condition
1 Aug 22
8-K
Entry into a Material Definitive Agreement
22 Jul 22
8-K
Entry into a Material Definitive Agreement
10 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
26 May 22
8-K
Results of Operations and Financial Condition
2 May 22
8-K
Departure of Directors or Certain Officers
22 Apr 22
8-K
Entry into a Material Definitive Agreement
19 Apr 22
8-K
Entry into a Material Definitive Agreement
25 Mar 22
8-K
Entry into a Material Definitive Agreement
16 Mar 22
8-K
Other Events
16 Mar 22
Registration and prospectus
S-8 POS
Registration of securities for employees (post-effective amendment)
31 May 22
S-8 POS
Registration of securities for employees (post-effective amendment)
31 May 22
POSASR
Automatic shelf registration (post-effective amendment)
4 Jun 21
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
Proxies
DEFA14A
Additional proxy soliciting materials
8 Apr 22
DEFA14A
Additional proxy soliciting materials
30 Mar 21
DEFA14A
Additional proxy soliciting materials
21 Apr 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
Other
CT ORDER
Confidential treatment order
2 May 19
UPLOAD
Letter from SEC
3 Dec 18
CORRESP
Correspondence with SEC
2 Dec 18
UPLOAD
Letter from SEC
26 Nov 18
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
UPLOAD
Letter from SEC
27 Mar 18
CT ORDER
Confidential treatment order
13 Dec 17
Ownership
4
AVIS BUDGET / Patrick K Rankin ownership change
8 Aug 22
4
AVIS BUDGET / Glenn Lurie ownership change
5 Aug 22
4
AVIS BUDGET / LYNN KROMINGA ownership change
5 Aug 22
4
AVIS BUDGET / Ravi Simhambhatla ownership change
28 Jul 22
3
AVIS BUDGET / Ravi Simhambhatla ownership change
6 Jul 22
4
AVIS BUDGET / Bernardo Hees ownership change
5 Jul 22
4
AVIS BUDGET / Bernardo Hees ownership change
14 Jun 22
4
AVIS BUDGET / Bernardo Hees ownership change
26 May 22
4
AVIS BUDGET / Bernardo Hees ownership change
20 May 22
4
AVIS BUDGET / Karthik R. Sarma ownership change
6 May 22
Transcripts
2022 Q2
Earnings call transcript
2 Aug 22
2022 Q1
Earnings call transcript
3 May 22
2021 Q4
Earnings call transcript
15 Feb 22
2021 Q3
Earnings call transcript
2 Nov 21
2021 Q2
Earnings call transcript
4 Aug 21
2021 Q1
Earnings call transcript
4 May 21
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
Reddit threads
So more dilution? Can’t make this s**t up… this regard his probably drooling on his iPad
14 Aug 22
Daily Plays August 05, 2022
5 Aug 22
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4 Aug 22
Bullish for BMW. Bearish for consumer wallets
2 Aug 22
(8/2) Tuesday's Pre-Market Stock Movers & News
2 Aug 22
(8/2) Tuesday's Pre-Market Stock Movers & News
2 Aug 22
Daily Discussion Thread - August 1st, 2022
1 Aug 22
Earnings for the first week of August 2022! Expect plenty of oil/gas, fertilizer, pharma, semiconductors, restaurants, and more!
31 Jul 22
Most anticipated earnings releases for the week beginning august 1, 2022
30 Jul 22
Most Anticipated Earnings Releases for the week beginning August 1st, 2022
30 Jul 22