Avis Budget Group Stock Today

CAR Stock  USD 123.23  4.70  3.97%   

Performance

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Odds Of Distress

Less than 40

 
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Below Average
Avis Budget is selling at 123.23 as of the 28th of March 2024; that is 3.97 percent up since the beginning of the trading day. The stock's lowest day price was 119.04. Avis Budget has about a 40 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Avis Budget Group are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of July 2022 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Transportation
IPO Date
12th of January 1990
Category
Industrials
Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers. Avis Budget Group, Inc. was founded in 1946 and is headquartered in Parsippany, New Jersey. The company has 35.47 M outstanding shares of which 3.1 M shares are currently shorted by investors with about 2.73 days to cover. More on Avis Budget Group

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Avis Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Avis Budget's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Avis Budget or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO, COO and DirectorLarry Shon
Thematic Ideas
(View all Themes)
Old NameCarbures Europe S.A
Business ConcentrationGround Transportation, Rental & Leasing Services, Industrials, Dow Jones Transportation, Dow Jones Composite, NASDAQ Composite, SP Midcap 400, NASDAQ Composite Total, WSE WIG INDEX, MWIG40, SPASX 100, Australia All Ordinaries, SPASX All Australian, SPASX 300, SPASX 200, SPASX Midcap 50, SPASX All Technology, SPASX 200 Accumulated, Rentals, Personal Services, Industrials, Ground Transportation, Rental & Leasing Services, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering Avis Budget report their recommendations after researching Avis Budget's financial statements, talking to executives and customers, or listening in on Avis Budget's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Avis Budget Group. The Avis consensus assessment is calculated by taking the average forecast from all of the analysts covering Avis Budget.
Financial Strength
Based on the key indicators related to Avis Budget's liquidity, profitability, solvency, and operating efficiency, Avis Budget Group may be sliding down financialy. It has an above-average risk of going through some form of financial distress next quarter. Financial strength of Avis Budget Group is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.340.3593
Notably Down
Pretty Stable
Gross Profit Margin0.310.327
Notably Down
Slightly volatile
Total Current Liabilities2.1 B2.7 B
Significantly Down
Slightly volatile
Non Current Liabilities Total32.7 B31.1 B
Sufficiently Up
Slightly volatile
Total Assets35.1 B33.4 B
Sufficiently Up
Slightly volatile
Total Current AssetsB2.1 B
Notably Down
Slightly volatile
Total Cash From Operating Activities2.1 B3.8 B
Way Down
Slightly volatile
Avis Budget's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Avis Budget's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Avis Budget's financial leverage. It provides some insight into what part of Avis Budget's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Avis Budget's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Avis Budget deploys its capital and how much of that capital is borrowed.
Liquidity
Avis Budget cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 26.45 B in debt. Avis Budget Group has a current ratio of 0.74, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Avis Budget until it has trouble settling it off, either with new capital or with free cash flow. So, Avis Budget's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Avis Budget Group sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Avis to invest in growth at high rates of return. When we think about Avis Budget's use of debt, we should always consider it together with cash and equity.

Other Non Cash Items

(577.6 Million)
Avis Budget Group (CAR) is traded on NASDAQ Exchange in USA. It is located in 379 Interpace Parkway, Parsippany, NJ, United States, 07054 and employs 18,000 people. Avis Budget is listed under Ground Transportation category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 4.2 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Avis Budget's market, we take the total number of its shares issued and multiply it by Avis Budget's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Avis Budget Group runs under Ground Transportation sector within Industrials industry. The entity has 35.47 M outstanding shares of which 3.1 M shares are currently shorted by investors with about 2.73 days to cover. Avis Budget Group has about 579 M in cash with 3.83 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 12.05.
Check Avis Budget Probability Of Bankruptcy
Ownership Allocation
Avis Budget holds a total of 35.47 Million outstanding shares. The majority of Avis Budget Group outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Avis Budget Group to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Avis Budget. Please pay attention to any change in the institutional holdings of Avis Budget Group as this could imply that something significant has changed or is about to change at the company. Also note that nearly three hundred fifty-four thousand seven hundred twenty-seven invesors are currently shorting Avis Budget expressing very little confidence in its future performance.
Check Avis Ownership Details

Avis Stock Price Odds Analysis

In regard to a normal probability distribution, the odds of Avis Budget jumping above the current price in 90 days from now is about 73.73%. The Avis Budget Group probability density function shows the probability of Avis Budget stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 3.7191 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Avis Budget will likely underperform. Additionally, avis Budget Group has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 123.23HorizonTargetOdds Above 123.23
26.20%90 days
 123.23 
73.73%
Based on a normal probability distribution, the odds of Avis Budget to move above the current price in 90 days from now is about 73.73 (This Avis Budget Group probability density function shows the probability of Avis Stock to fall within a particular range of prices over 90 days) .

Avis Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Avis Budget that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Avis Budget's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Avis Budget's value.
InstituionRecorded OnShares
Dimensional Fund Advisors, Inc.2023-12-31
296.4 K
Bank Of Nova Scotia2023-12-31
289.8 K
Citadel Advisors Llc2023-09-30
271.3 K
Bank Of New York Mellon Corp2023-12-31
234.5 K
Arrowstreet Capital Limited Partnership2023-12-31
229.2 K
Think Investments Lp2023-09-30
190.5 K
Norges Bank2023-12-31
170.6 K
Millennium Management Llc2023-12-31
155.8 K
Morgan Stanley - Brokerage Accounts2023-12-31
155.5 K
Srs Investment Management, Llc2023-12-31
17.1 M
Fmr Inc2023-12-31
4.2 M
View Avis Budget Diagnostics

Avis Budget Historical Income Statement

Avis Budget Group Income Statement is one of the three primary financial statements used for reporting Avis's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Avis Budget Group revenue and expense. Avis Budget Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Avis Budget's Income Before Tax is relatively stable compared to the past year. As of 03/28/2024, Net Income is likely to grow to about 1.7 B, while Total Revenue is likely to drop slightly above 7 B. View More Fundamentals

Avis Stock Against Markets

Picking the right benchmark for Avis Budget stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Avis Budget stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Avis Budget is critical whether you are bullish or bearish towards Avis Budget Group at a given time. Please also check how Avis Budget's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Avis Budget without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Avis Budget Corporate Directors

Avis Budget corporate directors refer to members of an Avis Budget board of directors. The board of directors generally takes responsibility for the Avis Budget's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Avis Budget's board members must vote for the resolution. The Avis Budget board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Eduardo MestreIndependent DirectorProfile
Stender SweeneyIndependent DirectorProfile
Francis ShammoIndependent DirectorProfile
Robert SalernoIndependent DirectorProfile

How to buy Avis Stock?

Before investing in Avis Budget, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Avis Budget. To buy Avis Budget stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Avis Budget. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Avis Budget stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Avis Budget Group stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Avis Budget Group stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Avis Budget Group, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Avis Stock please use our How to Invest in Avis Budget guide.

Already Invested in Avis Budget Group?

The danger of trading Avis Budget Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Avis Budget is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Avis Budget. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Avis Budget Group is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Avis Budget Group is a strong investment it is important to analyze Avis Budget's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Avis Budget's future performance. For an informed investment choice regarding Avis Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avis Budget Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Avis Budget Group information on this page should be used as a complementary analysis to other Avis Budget's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

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When running Avis Budget's price analysis, check to measure Avis Budget's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Avis Budget is operating at the current time. Most of Avis Budget's value examination focuses on studying past and present price action to predict the probability of Avis Budget's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avis Budget's price. Additionally, you may evaluate how the addition of Avis Budget to your portfolios can decrease your overall portfolio volatility.
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Is Avis Budget's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Avis Budget. If investors know Avis will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Avis Budget listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.29)
Earnings Share
42.08
Revenue Per Share
313.525
Quarterly Revenue Growth
(0)
Return On Assets
0.0636
The market value of Avis Budget Group is measured differently than its book value, which is the value of Avis that is recorded on the company's balance sheet. Investors also form their own opinion of Avis Budget's value that differs from its market value or its book value, called intrinsic value, which is Avis Budget's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Avis Budget's market value can be influenced by many factors that don't directly affect Avis Budget's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Avis Budget's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avis Budget is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avis Budget's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.