0.93%
-17.63%
-25.87%
10.47%
-33.35%
-63.00%
236.75%
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Company Description
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.
Market Data
| Last Price | 74.49 |
| Change Percentage | 0.93% |
| Open | 73.11 |
| Previous Close | 73.8 |
| Market Cap ( Millions) | 2615 |
| Volume | 714426 |
| Year High | 132.25 |
| Year Low | 65.73 |
| M A 50 | 85.77 |
| M A 200 | 92.43 |
Financial Ratios
| FCF Yield | -148.16% |
| Dividend Yield | 0.00% |
| ROE | 204.03% |
| Debt / Equity | -1119.08% |
| Net Debt / EBIDTA | 1037.29% |
| Price To Book | -1.14 |
| Price Earnings Ratio | -1.45 |
| Price To FCF | -0.67 |
| Price To sales | 0.22 |
| EV / EBITDA | 11.44 |
News
- Mar -09 - INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Avis Budget Group, Inc. - CAR
- Mar -07 - INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Avis Budget Group, Inc. - CAR
- Mar -05 - INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Avis Budget Group, Inc. - CAR
- Mar -04 - Autolus Therapeutics: Beaten Down, Cash Rich, Poised To Launch A CAR-T Cell Therapy
- Mar -04 - Wolf Haldenstein Adler Freeman & Herz LLP announces that it is investigating Avis Budget Group, Inc. for potential violations of securities laws
- Mar -03 - INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Avis Budget Group, Inc. - CAR
- Mar -03 - CARsgen's Claudin18.2 CAR-T Therapy Satri-cel Granted Breakthrough Therapy Designation by the NMPA
- Mar -02 - The Schall Law Firm Invites Shareholders With Losses In Avis Budget Group, Inc. To Join A Securities Fraud Investigation
- Mar -01 - An Investigation Has Been Launched Into Avis Budget Group, Inc. For Securities Law Violations And Investors With Losses Are Urged To Contact The Schall Law Firm
- Mar -01 - INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Avis Budget Group, Inc. - CAR
- Feb -28 - The Schall Law Firm Invites Shareholders With Losses In Avis Budget Group, Inc. To Join A Securities Fraud Investigation
- Feb -28 - Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Avis Budget Group, Inc. (CAR) And Encourages Shareholders to Reach Out
- Feb -28 - CARsgen's Allogeneic CD19/CD20 CAR-T Therapy Administers First Dose in a Patient with Autoimmune Disease
- Feb -27 - Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against Avis Budget Group, Inc. (CAR) and Encourages Shareholders to Learn More About the Investigation
- Feb -26 - An Investigation Has Commenced on Behalf of Avis Budget Group, Inc. Shareholders. Contact Levi & Korsinsky to Discuss your CAR Losses.
- Feb -26 - FIX-IT DAY 2025: FREE CAR REPAIRS FOR LOS ANGELES RESIDENTS IN NEED
- Feb -26 - Anixa Biosciences and Moffitt Cancer Center Complete Dosing in Third Cohort in Ovarian Cancer CAR-T Clinical Trial
- Feb -25 - INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Avis Budget Group, Inc. - CAR
- Feb -25 - Avis Budget Group, Inc. (CAR) Investors with Losses are Urged to Contact Levi & Korsinsky to Discuss Their Rights
- Feb -25 - Bronstein, Gewirtz & Grossman, LLC Encourages Avis Budget Group, Inc. (CAR) Shareholders to Inquire about Securities Investigation
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Online Advertising Services
Expected Growth : 15 %
What the company do ?
Avis Budget Group, Inc.'s Online Advertising Services provide targeted digital ads to customers, enhancing their car rental experience and increasing brand engagement.
Why we expect these perspectives ?
Avis Budget Group's online advertising services growth is driven by increasing online travel bookings, rising demand for digital marketing, and strategic partnerships with travel companies. Additionally, the company's investment in data analytics and targeted advertising platforms has improved customer engagement, contributing to the 15% growth.
Segment n°2 -> North America
Expected Growth : 12 %
What the company do ?
North America from Avis Budget Group, Inc. refers to the company's operations in the United States, Canada, and Latin America, offering car rental services through Avis, Budget, and Payless brands.
Why we expect these perspectives ?
Avis Budget Group, Inc.'s 12% growth in North America is driven by increasing demand for car rentals, particularly in the leisure travel segment. Strong airport demand, improved pricing, and a growing presence in the used car market also contribute to this growth. Additionally, the company's focus on cost savings initiatives and investments in digital technologies have enhanced operational efficiency and customer experience.
Segment n°3 -> Asia
Expected Growth : 18 %
What the company do ?
Asia is a region where Avis Budget Group, Inc. operates its car rental services, offering a diverse range of vehicles to customers across various countries.
Why we expect these perspectives ?
Avis Budget Group's 18% growth in Asia is driven by increasing demand for car rentals from tourists and business travelers, particularly in China and Southeast Asia. The region's growing middle class, infrastructure development, and government initiatives to promote tourism also contribute to the growth. Additionally, Avis Budget's strategic partnerships and investments in digital platforms have enhanced customer experience and increased online bookings.
Segment n°4 -> Carsales Investments
Expected Growth : 8 %
What the company do ?
Carsales Investments is a strategic investment arm of Avis Budget Group, Inc., focusing on mobility and transportation-related startups and technologies.
Why we expect these perspectives ?
Avis Budget Group's 8% growth in Carsales Investments is driven by increasing online car sales, rising demand for used cars, and strategic partnerships with leading automotive companies. Additionally, the company's focus on digital marketing, improved customer experience, and expansion into new markets have contributed to this growth.
Segment n°5 -> Data, Research and Services
Expected Growth : 10 %
What the company do ?
Avis Budget Group, Inc. offers data, research, and services providing insights on car rental trends, customer behavior, and market analysis to inform business decisions.
Why we expect these perspectives ?
Avis Budget Group's 10% growth in Data, Research, and Services is driven by increasing demand for mobility solutions, expansion of its fleet management services, and strategic partnerships. Additionally, investments in digital transformation, data analytics, and customer experience enhancements are contributing to the segment's growth.
Segment n°6 -> Latin America
Expected Growth : 11 %
What the company do ?
Latin America from Avis Budget Group, Inc. refers to the company's operations and services in countries such as Mexico, Brazil, and Argentina, offering car rentals and mobility solutions.
Why we expect these perspectives ?
Avis Budget Group, Inc.'s 11% growth in Latin America is driven by increasing demand for car rentals from tourists and business travelers, particularly in countries like Brazil, Mexico, and Chile. Additionally, the company's strategic partnerships with local airlines and travel agencies, as well as its investment in digital platforms, have contributed to the region's growth.
Avis Budget Group, Inc. Products
| Product Range | What is it ? |
|---|---|
| Avis Car Rental | Avis Car Rental is a car rental service that provides a wide range of vehicles for rent, including economy, compact, intermediate, standard, full-size, premium, and luxury cars, as well as SUVs, vans, and trucks. |
| Budget Car Rental | Budget Car Rental is a car rental service that offers a variety of vehicles at affordable prices, including economy, compact, intermediate, standard, and full-size cars, as well as SUVs and vans. |
| Zipcar Car Sharing | Zipcar is a car-sharing service that provides members with access to a fleet of vehicles for short periods of time, ideal for errands, trips, and daily activities. |
| Payless Car Rental | Payless Car Rental is a car rental service that offers a range of vehicles at discounted prices, including economy, compact, intermediate, and standard cars, as well as SUVs and vans. |
| Apex Car Rental | Apex Car Rental is a car rental service that offers a range of vehicles, including economy, compact, intermediate, and standard cars, as well as SUVs and vans, at discounted prices. |
| Magical Autos | Magical Autos is a car rental service that offers a range of luxury and specialty vehicles, including sports cars, convertibles, and SUVs. |
Avis Budget Group, Inc.'s Porter Forces
Threat Of Substitutes
Avis Budget Group, Inc. faces moderate threat from substitutes due to the presence of alternative transportation options such as public transportation, biking, and walking.
Bargaining Power Of Customers
Avis Budget Group, Inc. has a large customer base, which reduces the bargaining power of individual customers. Additionally, the company's loyalty programs and rewards schemes help to retain customers.
Bargaining Power Of Suppliers
Avis Budget Group, Inc. relies on a few large suppliers for its fleet of vehicles, which gives these suppliers some bargaining power. However, the company's large scale of operations and long-term contracts help to mitigate this risk.
Threat Of New Entrants
The car rental industry has high barriers to entry, including significant capital requirements and regulatory hurdles. This makes it difficult for new entrants to challenge Avis Budget Group, Inc.'s market position.
Intensity Of Rivalry
The car rental industry is highly competitive, with several major players competing for market share. Avis Budget Group, Inc. faces intense rivalry from companies such as Enterprise Holdings and Hertz Global Holdings.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 106.91% |
| Debt Cost | 4.73% |
| Equity Weight | -6.91% |
| Equity Cost | 15.32% |
| WACC | 4.00% |
| Leverage | -1546.99% |
Avis Budget Group, Inc. : Quality Control
Avis Budget Group, Inc. passed 5 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
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| FTAIP | Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and related equipment for the transportation of goods and people in Africa, Asia, Europe, North America, and South America. It … |
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