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Avis Budget ( (CAR) ) just unveiled an announcement.
On April 30, 2025, Avis Budget Group’s subsidiary, Avis Budget Rental Car Funding (AESOP) LLC, completed an amendment and extension of its asset-backed variable-funding financing facilities, increasing the Series 2010-6 Notes facility to $3.042 billion and the Series 2015-3 Notes facility to $198 million. These amendments are expected to enhance the company’s financial flexibility in managing its car rental fleet in the U.S. Additionally, on May 6, 2025, Avis Budget Group amended its Cooperation Agreement with SRS Investment Management, LLC, altering the voting rights protocol for SRS’s excess shares at the 2025 annual stockholders meeting, which may influence future shareholder voting dynamics.
Spark’s Take on CAR Stock
According to Spark, TipRanks’ AI Analyst, CAR is a Neutral.
Avis Budget’s overall stock score reflects a challenging financial situation with high leverage and negative equity. While technical indicators suggest short-term momentum, the lack of profitability and concerning valuation metrics weigh heavily. The company must address financial instability and capitalize on its strategic initiatives to improve its outlook.
To see Spark’s full report on CAR stock, click here.
More about Avis Budget
Avis Budget Group, Inc. operates in the car rental industry, providing vehicle rental services primarily through its Avis and Budget brands. The company focuses on offering a range of car rental options to customers in the United States and other international markets.
Average Trading Volume: 1,559,671
Technical Sentiment Signal: Hold
Current Market Cap: $3.38B
For an in-depth examination of CAR stock, go to TipRanks’ Stock Analysis page.