Avis Budget Group Inc

Company Profile

Avis Budget Group Inc had its IPO on 1990-01-12 under the ticker symbol CAR.

The company operates in the Industrials sector and Rental & Leasing Services industry. Avis Budget Group Inc has a staff strength of 18,500 employees.

Stock update

Shares of Avis Budget Group Inc opened at $173.35 at the start of the last trading session i.e. 2023-06-02.

The stocks traded within a range of $171.66 - $177.83, and closed at $174.82.

This is a +3.08% increase from the previous day's closing price.

A total volume of 460,309 shares were traded at the close of the day’s session.

In the last one week, shares of Avis Budget Group Inc have increased by +6.29%.

Avis Budget Group Inc's Key Ratios

Avis Budget Group Inc has a market cap of $6.74 billion, indicating a price to book ratio of 7.139 and a price to sales ratio of 0.6513.

In the last 12-months Avis Budget Group Inc’s revenue was $12.12 billion with a gross profit of $6.01 billion and an EBITDA of $4.18 billion. The EBITDA ratio measures Avis Budget Group Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Avis Budget Group Inc’s operating margin was 33.64% while its return on assets stood at 10% with a return of equity of -273.05%.

In Q1, Avis Budget Group Inc’s quarterly earnings growth was a negative -20.5% while revenue growth was a positive 5.1%.

Avis Budget Group Inc’s PE and PEG Ratio

Forward PE

6.4683

Trailing PE

2.9593

PEG

1.76

Its diluted EPS in the last 12-months stands at $57.31 per share while it has a forward price to earnings multiple of 6.4683 and a PEG multiple of 1.76. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Avis Budget Group Inc’s profitability.

Avis Budget Group Inc stock is trading at a EV to sales ratio of 2.289 and a EV to EBITDA ratio of 4.0468. Its price to sales ratio in the trailing 12-months stood at 0.6513.

Avis Budget Group Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$8.51 billion

Total Liabilities

$2.75 billion

Operating Cash Flow

$-1678000000.00

Capital Expenditure

$44 million

Dividend Payout Ratio

0%

Avis Budget Group Inc ended 2023 with $8.51 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $8.51 billion while shareholder equity stood at $-444000000.00.

Avis Budget Group Inc ended 2023 with $2.82 billion in deferred long-term liabilities, $2.75 billion in other current liabilities, 1000000.00 in common stock, $2.89 billion in retained earnings and $1.08 billion in goodwill. Its cash balance stood at $548.00 million and cash and short-term investments were $548.00 million. The company’s total short-term debt was $34,000,000 while long-term debt stood at $4.66 billion.

Avis Budget Group Inc’s total current assets stands at $1.98 billion while long-term investments were $1.36 billion and short-term investments were $0. Its net receivables were $801.00 million compared to accounts payable of $2.72 billion and inventory worth $0.

In 2023, Avis Budget Group Inc's operating cash flow was $-1678000000.00 while its capital expenditure stood at $44 million.

Comparatively, Avis Budget Group Inc paid $0 in dividends in 2023.

Other key metrics

Current Trading Price

$174.82

52-Week High

$251.26

52-Week Low

$131.83

Analyst Target Price

$235.75

Avis Budget Group Inc stock is currently trading at $174.82 per share. It touched a 52-week high of $251.26 and a 52-week low of $251.26. Analysts tracking the stock have a 12-month average target price of $235.75.

Its 50-day moving average was $173.34 and 200-day moving average was $188.19 The short ratio stood at 4.69 indicating a short percent outstanding of 0%.

Around 225% of the company’s stock are held by insiders while 10298.8% are held by institutions.