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Avis Budget (CAR)
NASDAQ:CAR
Holding CAR?
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CAR Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$65.73 - $204.77
Previous Close$83.09
Volume374.12K
Average Volume (3M)627.13K
Market Cap
$3.09B
Enterprise Value$9.89B
Total Cash (Recent Filing)$579.00M
Total Debt (Recent Filing)$7.50B
Price to Earnings (P/E)3.9
Beta2.19
Next Earnings
Oct 28, 2024EPS Estimate
$8.77Last Dividend Ex-Date
Dec 14, 2023Dividend YieldN/A
Share Statistics
EPS (TTM)21.09
Shares Outstanding35,664,115
10 Day Avg. Volume704,742
30 Day Avg. Volume627,135
Standard Deviation0.23
R-Squared0.24
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)-6.05
Price to Sales (P/S)0.23
Price to Cash Flow (P/CF)0.80
P/FCF Ratio0.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.83
Enterprise Value/Gross Profit1.04
Enterprise Value/Ebitda1.81
Forecast
1Y Price Target
$135.00Price Target Upside55.98% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
Avis Budget News
Bulls Say, Bears Say
Bulls Say
EarningsCAR reported 1Q:24 adj. EBITDA of $12mm, better than the estimate for a loss of ($65mm), and the Bloomberg consensus of ($11mm).
Market PositionThe company has historically been the stronger and better performing public US rental car company, and the stock is trading at an attractive valuation.
Travel DemandSolid rental volume growth is supported by projected increases in air travel, with encouraging early-year TSA passenger volume data.
Bears Say
Cash FlowCAR reported adjusted free cash flow of ($639mm) in 1Q:24, indicating solidly negative cash flow.
Fleet CostsThere is risk of meaningfully higher fleet costs than projected.
Market ConditionsThe rental market faces risks from intense competition and potential headwinds such as fluctuating used vehicle prices and persistent high interest rates.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
CAR FAQ
What was Avis Budget’s price range in the past 12 months?
Avis Budget lowest stock price was $65.73 and its highest was $204.77 in the past 12 months.
What is Avis Budget’s market cap?
Currently, no data Available
When is Avis Budget’s upcoming earnings report date?
Avis Budget’s upcoming earnings report date is Oct 28, 2024 which is in 39 days.
How were Avis Budget’s earnings last quarter?
Avis Budget released its earnings results on Aug 05, 2024. The company reported $1.558 earnings per share for the quarter, missing the consensus estimate of $2.489 by -$0.931.
Is Avis Budget overvalued?
According to Wall Street analysts Avis Budget’s price is currently Undervalued.
Does Avis Budget pay dividends?
Avis Budget pays a Notavailable dividend of $10 which represents an annual dividend yield of N/A. See more information on Avis Budget dividends here
What is Avis Budget’s EPS estimate?
Avis Budget’s EPS estimate is $8.77.
How many shares outstanding does Avis Budget have?
Avis Budget has 35,664,116 shares outstanding.
What happened to Avis Budget’s price movement after its last earnings report?
Avis Budget reported an EPS of $1.558 in its last earnings report, missing expectations of $2.489. Following the earnings report the stock price went up 2.751%.
Which hedge fund is a major shareholder of Avis Budget?
Among the largest hedge funds holding Avis Budget’s share is Par Capital Management Inc. It holds Avis Budget’s shares valued at 89M.
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Avis Budget Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$135.00 (55.98% Upside)
$135.00 (55.98% Upside)
Blogger Sentiment
Bullish
CAR Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 370.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▲ 1.2%
Last 30 Days ▼ 4.0%
Last 30 Days ▼ 4.0%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-55.94%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
7.92%
Trailing 12-Months
Company Description
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.
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CAR Earnings Call
Q2 2024
0:00 / 0:00
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CAR Revenue Breakdown
56.45% Avis
37.29% Budget
6.25% Other
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CAR Stock 12 Month Forecast
Average Price Target
$135.00
▲(55.98% Upside)
Technical Analysis
Best Analysts Covering CAR
1 Year
1 Year Success Rate
11/21 ratings generated profit
1 Year Average Return
+20.11%
reiterated a buy rating 5 months ago
Copying Adam Jonas's trades and holding each position for 1 Year would result in 52.38% of your transactions generating a profit, with an average return of +20.11% per trade.
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