UP!
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Type
|
Public |
|---|---|
| Traded as | NASDAQ: CAR DJTA Component S&P 400 Component |
| Industry | Rental & leasing services |
| Founded | 2006 |
| Founder | Henry Silverman, Warren Avis, Julius Lederer |
| Headquarters | Parsippany, New Jersey, United States |
|
Key people
|
Larry DeShon (CEO) |
| Products | Car rental |
| Revenue | $0.9 B (2014) |
|
Net income
|
$125,000 (2014) |
| Total equity | $77,000 |
|
Number of employees
|
30,000 |
| Website | www |
Avis Budget Group, Inc. is the American parent company of Avis Car Rental, Budget Car Rental, Budget Truck Rental, Payless Car Rental, Apex Car Rentals, Maggiore Group and Zipcar. The company's headquarters are located in Parsippany-Troy Hills, New Jersey, United States.
As of 2011, Avis Budget is the leading general-use vehicle rental company in North America, Australia and New Zealand.
Following the decision to dissolve the Cendant company name and split into four separate companies, the vehicle rental division of Cendant became Avis Budget Group in 2006. At the end of 2008, Avis Budget became the first vehicle rental company to begin deployment RFID transponders in their fleet using a product from TransCore which includes an active RFID tag that can work with nearly all electronic toll collections systems in the United States, including E-ZPass in the Northeast, TxTag (Texas) and SunPass (Florida).
On September 5, 2012, Avis Budget Group acquired Apex Car Rentals of New Zealand.
On 14 March 2013 Avis Budget Group purchased Zipcar for about US$500 million in cash. Zipcar now operates as a subsidiary of Avis Budget Group. Scott Griffith, who had run the company for the previous 10 years, resigned the day after the acquisition closed, and passed the reins to a new company President, Mark Norman.
On April 9, 2015, Avis Budget Group announced it had completed the acquisition of Maggiore Group, Italy's fourth-largest vehicle rental company.
Avis is rated a 2 star rental company ranked 7th overall on Google Review customer satisfication, just behind Enterprise #1, Alamo #2 and 5 other companies. The CEO admits they need to focus more on retaining customers as many have been switching.
In the Seth MacFarlane's TV series The Orville, Avis is referenced as a Car Rental Company as well as the God of an alien species called The Krill.
| Period | Date | Adjusted Actuals EPS | GAAP EPS |
|---|---|---|---|
| Q3 2022 | 2022-10-31 | Future report Set alerts | |
| Q2 2022 | 2022-08-01 | 15.94 | 15.94 |
| Q1 2022 | 2022-05-02 | 9.99 | 9.99 |
| Q4 2021 | 2022-02-14 | 7.08 | 7.08 |
| Q3 2021 | 2021-11-01 | 10.74 | 10.74 |
| Q2 2021 | 2021-08-03 | 5.90 | 5.90 |
| Q1 2021 | 2021-05-03 | -0.46 | -0.46 |
| Q4 2020 | 2021-02-16 | -0.36 | -0.36 |
| Q3 2020 | 2020-10-29 | 0.00 | 0.00 |
| Q2 2020 | 2020-07-28 | -5.60 | -6.91 |
| 2016-05-10 | Reiterated Rating | MKM Partners | Buy | |
| 2016-05-05 | Reiterated Rating | Deutsche Bank | Buy | $46.00 to $44.00 |
| 2016-05-05 | Reiterated Rating | Credit Suisse | Buy | |
| 2016-05-05 | Lower Price Target | JPMorgan Chase & Co. | Neutral | $26.00 to $24.00 |
| 2016-05-05 | Reiterated Rating | Deutsche Bank AG | Buy | $46.00 to $44.00 |
| 2016-05-05 | Reiterated Rating | Credit Suisse Group AG | Buy | |
| 2016-05-04 | Reiterated Rating | MKM Partners | Buy | $38.00 |
| 2016-04-26 | Reiterated Rating | MKM Partners | Buy | $38.00 |
| 2016-04-12 | Lower Price Target | Credit Suisse | Outperform | $38.00 to $34.00 |
| 2016-03-22 | Initiated Coverage | Sterne Agee CRT | Buy | $35.00 |
| 2016-03-08 | Reiterated Rating | MKM Partners | Buy | $38.00 |
| 2016-02-25 | Reiterated Rating | Barclays | Hold | |
| 2016-02-25 | Reiterated Rating | Citigroup Inc. | Hold | |
| 2016-02-25 | Lower Price Target | MKM Partners | Buy | $63.00 to $38.00 |
| 2016-02-25 | Lower Price Target | Credit Suisse | Outperform | $44.00 to $38.00 |
| 2016-02-25 | Reiterated Rating | Barclays PLC | Hold | |
| 2016-02-22 | Lower Price Target | Barclays | Equal Weight | $48.00 to $35.00 |
| 2016-02-22 | Lower Price Target | Deutsche Bank | Buy | $55.00 to $48.00 |
| 2016-01-07 | Lower Price Target | JPMorgan Chase & Co. | $49.00 to $42.00 | |
| 2015-12-14 | Lower Price Target | MKM Partners | Buy | $70.00 to $63.00 |
| 2015-11-16 | Lower Price Target | Barclays | Equal Weight | $51.00 to $48.00 |
| 2015-11-04 | Lower Price Target | Credit Suisse | Outperform | $55.00 to $54.00 |
| 2015-11-04 | Downgrade | JPMorgan Chase & Co. | Overweight to Neutral | $55.00 to $49.00 |
| 2015-09-22 | Reiterated Rating | MKM Partners | Buy | $70.00 |
| 2015-08-05 | Lower Price Target | Barclays | Equal Weight | $53.00 to $51.00 |
| 2015-07-15 | Upgrade | Deutsche Bank | Hold to Buy | $65.00 to $60.00 |
| 2015-07-10 | Lower Price Target | MKM Partners | Buy | $80.00 to $70.00 |
| 2015-06-25 | Reiterated Rating | Credit Suisse | Outperform | $65.00 to $62.00 |
| 2015-05-06 | Lower Price Target | JPMorgan Chase & Co. | Overweight | $70.00 to $64.00 |
| 2015-05-06 | Lower Price Target | Deutsche Bank | Hold | $66.00 to $65.00 |
| 2015-05-06 | Lower Price Target | Credit Suisse | Outperform | $76.00 to $65.00 |
| 2015-02-20 | Boost Price Target | JPMorgan Chase & Co. | Overweight | $68.00 to $70.00 |
| 2015-02-20 | Boost Price Target | Deutsche Bank | Hold | $60.00 to $66.00 |
| 2015-02-19 | Downgrade | Avondale Partners | Outperform to Market Perform | |
| 2014-12-04 | Initiated Coverage | Credit Suisse | Outperform | $72.00 |
| 2014-10-17 | Reiterated Rating | Morgan Stanley | Underweight | $30.00 to $28.00 |
| 2014-10-01 | Reiterated Rating | JPMorgan Chase & Co. | Overweight | $72.00 to $69.00 |
| 2014-08-08 | Boost Price Target | Morgan Stanley | $28.00 to $30.00 | |
| 2014-08-06 | Reiterated Rating | Deutsche Bank | Hold | $58.00 to $60.00 |
| 2014-08-06 | Boost Price Target | MKM Partners | Buy | $75.00 to $80.00 |
| 2014-08-06 | Boost Price Target | Barclays | $60.00 to $62.00 | |
| 2014-08-06 | Boost Price Target | JPMorgan Chase & Co. | Overweight | $59.00 to $65.00 |
| 2014-06-10 | Reiterated Rating | Deutsche Bank | Hold | $53.00 to $58.00 |
| 2014-05-12 | Boost Price Target | MKM Partners | Buy | $55.00 to $75.00 |
| 2014-05-12 | Boost Price Target | Barclays | Equal Weight | $42.00 to $46.00 |
| 2014-05-09 | Reiterated Rating | JPMorgan Chase & Co. | Overweight | $53.00 to $59.00 |
| 2014-05-09 | Boost Price Target | Deutsche Bank | $42.00 to $53.00 | |
| 2014-05-08 | Reiterated Rating | Morgan Stanley | Underweight | $28.00 |
| 2014-03-04 | Boost Price Target | Morgan Stanley | Positive | $24.00 to $28.00 |
| 2014-02-14 | Boost Price Target | Barclays | Equal Weight | $32.00 to $40.00 |
| 2014-01-16 | Boost Price Target | MKM Partners | Buy | $39.00 to $55.00 |
| 2013-12-11 | Initiated Coverage | Deutsche Bank | Hold to Hold | $42.00 |
| 2013-10-22 | Boost Price Target | Barclays | Equal Weight | $29.00 to $32.00 |
| 2013-10-09 | Initiated Coverage | JPMorgan Chase & Co. | Overweight | |
| 2013-09-27 | Downgrade | Goldman Sachs | Buy to Neutral | $33.00 to $30.00 |
| 2013-03-15 | Reiterated | MKM Partners | Buy | $35 to $39 |
| 2012-05-10 | Reiterated | Barclays | Equal Weight | $14 to $20 |
| 2011-12-16 | Resumed | Barclays Capital | Equal Weight | $14 |
| 2011-05-11 | Reiterated | Barclays Capital | Overweight | $21 to $23 |
| 2011-02-18 | Reiterated | Barclays Capital | Overweight | $18 to $21 |
| 2010-06-28 | Reiterated | Barclays Capital | Overweight | $15 to $16 |
| 2010-04-12 | Initiated | JP Morgan | Overweight | $20 |
| 2010-03-18 | Upgrade | Barclays Capital | Equal Weight to Overweight | |
| 2009-06-11 | Upgrade | Barclays Capital | Underweight to Equal Weight | |
| 2009-01-12 | Reiterated | UBS | Neutral | $0.60 to $1 |
| 2008-11-11 | Downgrade | Barclays Capital | Equal Weight to Underweight | |
| 2008-10-17 | Downgrade | Barclays Capital | Overweight to Equal Weight | $10 to $4 |
| 2016-05-10 | Reiterated Rating | MKM Partners | Buy | |
| 2016-05-05 | Reiterated Rating | Deutsche Bank | Buy | $46.00 to $44.00 |
| 2016-05-05 | Reiterated Rating | Credit Suisse | Buy | |
| 2016-05-05 | Lower Price Target | JPMorgan Chase & Co. | Neutral | $26.00 to $24.00 |
| 2016-05-05 | Reiterated Rating | Deutsche Bank AG | Buy | $46.00 to $44.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In CAR 215 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| SRS Investment Management, LLC | 18.43M |
| FMR LLC | 6.48M |
| BlackRock Fund Advisors | 4.12M |
| Vanguard Group, Inc | 2.73M |
| BlackRock Institutional Trust Company, N.A. | 2.68M |
| BlackRock Inc. | 2.60M |
| RS INVESTMENT MANAGEMENT CO LLC | 1.12M |
| STATE STREET CORP | 0.90M |
| CITADEL ADVISORS LLC | 0.74M |
| NATIXIS | 0.73M |
| GOLDMAN SACHS GROUP INC | 0.68M |
| NOMURA HOLDINGS INC | 0.67M |
| Hudson Bay Capital Management LP | 0.60M |
| DEUTSCHE BANK AG\ | 0.45M |
| TWO SIGMA ADVISERS, LLC | 0.44M |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| SRS Investment Management, LLC | 9.49% (9876795) | CAR / |
| NELSON RONALD L Chariman, CEO and President | 0.48% (499775) | CAR / CVG / HBI / VIAB / |
| De Shon Larry D President, EMEA | 0.24% (253547) | CAR / |
| Wyshner David B Sr EVP and CFO | 0.16% (168124) | CAR / WYN / |
| Deaver W Scott EVP, Strategy | 0.08% (85674) | CAR / |
| Servodidio Mark J President, International | 0.08% (84135) | CAR / |
| Mestre Eduardo G | 0.07% (76689) | CAR / CCS / CMCSA / |
| Tucker Michael K EVP and General Counsel | 0.07% (72502) | CAR / |
| CHOKSI MARY C | 0.06% (66692) | CAR / OMC / WTM / |
| Gartland Thomas M President, North America | 0.06% (60649) | ABM / CAR / |
| Ferraro Joseph A. President, Americas | 0.06% (59074) | CAR / |
| Siniscalchi Patric Pres, Latin Amer/Asia Pacific | 0.03% (34704) | CAR / |
| Linnen Edward P SVP, Chief HR Officer | 0.02% (25502) | CAR / |
| CATHCART W ALUN | 0.02% (25112) | CAR / |
| SALERNO F ROBERT | 0.02% (20211) | CAR / NCLH / |
| COLEMAN LEONARD S JR | 0.01% (13145) | ARMK / CAR / CHDN / EA / HES / OMC / |
| FOX JEFFREY H | 0.01% (12549) | CAR / CVG / EIGI / HAWK / |
| KROMINGA LYNN | 0.01% (9662) | CAR / |
| Calabria David T VP & Chief Accounting Officer | 0.01% (7972) | CAR / |
| Viswanathan Sanoke | 0.01% (6126) | CAR / |
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