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Avis Budget Group
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.avisbudgetgroup.com

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.


News

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2021-02-17 Future report Set alerts
Q3 2020 2020-10-29 Future report Set alerts
Q2 2020 2020-07-28 -5.60 -6.91
Q1 2020 2020-05-04 -1.40 -2.16
Q4 2019 2020-02-19 0.73 1.90
Q3 2019 2019-10-31 2.96 2.50
Q2 2019 2019-08-05 0.79 0.81
Q1 2019 2019-05-01 -0.78 -1.20
Q4 2018 2019-02-20 0.53 0.16
Q3 2018 2018-11-05 3.33 2.68

Ratings

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

Major Shareholders

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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