Avis Budget Group Inc
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- Market Cap.:
- $6.74 billion
- Book Value:
- Revenue TTM:
- $12.12 billion
- Operating Margin TTM:
- Gross Profit TTM:
- $6.01 billion
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
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.
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
- Trailing PE
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
- Capital Expenditure
- $44 million
- Dividend Payout Ratio
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
- 52-Week High
- 52-Week Low
- Analyst Target Price
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.
Frequently Asked Questions About Avis Budget Group Inc
Similar Industry Stocks (Rental & Leasing Services)
Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers in the Americas, Europe, the Middle East and Africa, Asia, and Australasia. 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 19,000 vehicles, which are rented through a network of approximately 415 dealer-operated and 390 company-operated locations that serve the light commercial and consumer 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, Morini Rent, 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 customers. 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.