CAR - Avis Budget Group, Inc.
34.82 0.00 (0.00%)
After hours: 5:55PM EDT
| Previous Close | 34.30 |
| Open | 34.52 |
| Bid | 34.84 x 1200 |
| Ask | 34.86 x 900 |
| Day's Range | 34.15 - 34.86 |
| 52 Week Range | 21.63 - 41.40 |
| Volume | 716,836 |
| Avg. Volume | 1,050,301 |
| Market Cap | 2.643B |
| Beta (3Y Monthly) | 1.87 |
| PE Ratio (TTM) | 16.99 |
| EPS (TTM) | 2.05 |
| Earnings Date | Aug 5, 2019 - Aug 9, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | 2006-02-23 |
| 1y Target Est | 42.75 |
- Moody's•6 days ago
Avis Budget Car Rental, LLC -- Moody's assigns B1 to Avis' new senior unsecured notes
Moody's Investors Service ("Moody's") assigned a B1 rating to Avis Budget Car Rental, LLC's ("Avis") $400 million senior unsecured notes. The issuance does not impact other ratings of Avis, including the Ba3 Corporate Family Rating. Favorable market conditions, rational fleeting and pricing strategies across the industry and Avis' own approach to cost management and customer service should result in an improving credit profile for the company.
- GlobeNewswire•6 days ago
Avis Budget Group Announces Intention to Offer $400 Million of Senior Notes
Avis Budget Group, Inc. (CAR) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc., intend, subject to market and other customary conditions, to offer $400 million aggregate principal amount of senior notes due 2027 in a private offering. The notes will be guaranteed on a senior unsecured basis by Avis Budget Group, Inc. and certain of its U.S. subsidiaries. Avis Budget Group intends to use the net proceeds from the notes offering, together with cash on hand, to redeem a portion of its outstanding 5.50% Senior Notes due 2023 and pay related fees and expenses, with any remainder to be used for general corporate purposes.
- American City Business Journals•7 days ago
Major consolidations and a new player on the way for Dulles Airport car rentals. Advantage is out.
A game of musical chairs is about to take place at Dulles International Airport. The Metropolitan Washington Airports Authority board is expected this week to approve a series of seven-year contracts for vehicle rentals, resulting in a host of consolidations and one new entrant in the fold. Earlier this year, the MWAA board authorized authority staff to bid out new rental car concession contracts for four parcels — three larger sites and one smaller site.
- Insider Monkey•11 days ago
Here’s What Hedge Funds Think About Avis Budget Group Inc. (CAR)
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]
- Zacks•11 days ago
Avis Budget (CAR) Catches Eye: Stock Jumps 6.5%
Avis Budget (CAR) saw a big move last session, as its shares jumped nearly 7% on the day, amid huge volumes.
- Markit•15 days ago
See what the IHS Markit Score report has to say about Avis Budget Group Inc.
Avis Budget Group Inc NASDAQ/NGS:CARView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low and declining * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for CAR with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on May 24. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $157 million over the last one-month into ETFs that hold CAR are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. CAR credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- Zacks•20 days ago
Avis Car Rental Adds Split Payment Feature to Mobile App
Avis Budget (CAR) continues to enhance its technology to improve offerings.
- Simply Wall St.•21 days ago
Are Investors Undervaluing Avis Budget Group, Inc. (NASDAQ:CAR) By 26%?
In this article we are going to estimate the intrinsic value of Avis Budget Group, Inc. (NASDAQ:CAR) by taking the...
- GlobeNewswire•22 days ago
Avis Car Rental Enhances Mobile App Experience with New Split Payment Feature
Avis Car Rental is the first car rental company to introduce split payment functionality to its mobile app experience. Split My Bill, a new payment feature within the Avis mobile app, provides travelers with the ability to split car rental payments between two different credit cards or forms of payment. A recent Avis Car Rental survey of travelers nationwide reveals that 87 percent are likely to mix business and leisure in the same trip.
- Zacks•27 days ago
Zacks.com featured highlights include: Avis Budget, California Resources, PBF, C&J and Ford
Zacks.com featured highlights include: Avis Budget, California Resources, PBF, C&J and Ford
- Simply Wall St.•27 days ago
Don't Sell Inter Cars S.A. (WSE:CAR) Before You Read This
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
- MarketWatch•28 days ago
Avis Budget CEO to step down
Avis Budget Group Inc. said Tuesday that Larry De Shon, the rental car company's chief executive, will step down when a successor is named. He will continue to work with the company through year-end to help with the transition. Avis has formed a search committee for a new CEO. De Shon has been with the company since 2006, and has served as CEO for the last four years. Avis stock has rallied 32.7% in 2019, outpacing the S&P 500 index , which is up 12.7% for the period.
- GlobeNewswire•28 days ago
Avis Budget Group Announces CEO Succession
Avis Budget Group, Inc. (CAR) today announced the planned departure of President and Chief Executive Officer Larry De Shon after a 13-year career with the Company. The Board has formed a CEO Search Committee led by Director Lynn Krominga, Chair of the Corporate Governance Committee. Leonard S. Coleman, Chairman of the Board, stated: “On behalf of the Board and the entire team, I’d like to thank Larry for the many contributions he has made to Avis Budget Group since he joined the Company in 2006, and for his exceptional leadership as CEO for the last four years.
- Zacks•29 days ago
5 Stocks in Focus on Recent Broker Rating Upgrades
The guidance to design a winning portfolio comes from brokers as they are equipped with indepth knowledge of the investing world.
- GlobeNewswire•last month
Zipcar Now Offers Free Passes to State and Provincial Parks
Today, Zipcar is announcing the official launch of its free park pass program just in time for the busy Memorial Day and Victoria Day travel weekends. “We know our members love the cities they live in, but also enjoy the freedom of being able to hit the open road and explore areas beyond city limits from time to time,” said Sherrill Kaplan, head of marketing and sales at Zipcar. Zipcar piloted its free park pass program in five states, and due to its overwhelming success, has scaled it to seven states and Canada beginning May 2019.
- Thomson Reuters StreetEvents•last month
Edited Transcript of CAR earnings conference call or presentation 2-May-19 12:30pm GMT
Q1 2019 Avis Budget Group Inc Earnings Call
- Zacks•last month
Zacks.com featured highlights include: Avis, California Resources, Brinker, Endologix and Brookdale
Zacks.com featured highlights include: Avis, California Resources, Brinker, Endologix and Brookdale
- Zacks•2 months ago
5 Broker-Friendly Stocks to Combat Market Jitters
In view of the ongoing uncertainties it is in the best interest of investors to seek guidance from brokers for designing a winning portfolio of stocks.
- Simply Wall St.•2 months ago
Imagine Owning Inter Cars (WSE:CAR) And Wondering If The 18% Share Price Slide Is Justified
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift...
- Skift•2 months ago
Avis and Hertz Struggle to Find Path to Car Rental Profit
Car rental companies are still trying to pull out of a funk inflicted by the rise of ridesharing — with mixed results. Avis Budget Group posted steady results for the first quarter of 2019. The company beat earnings estimates while reporting lower revenue than expected, which decreased by 2 percent year-over-year. Both domestic and international […]The post Avis and Hertz Struggle to Find Path to Car Rental Profit appeared first on Skift.
- Zacks•2 months ago
Avis Budget (CAR) Q1 Earnings Top Estimates, Revenues Miss
Avis Budget (CAR) first-quarter 2019 revenues hurt by lower revenues per day and currency exchange movement.
- MarketWatch•2 months ago
Dow transports sinks as all 20 components lose ground
The Dow Jones Transportation Average is shedding 1.2%, with all 20 of its components losing ground, as President Trump's threat to escalate the U.S.-China trade war raised concerns about the outlook for economic growth. Of the Dow transports leading losers, shares of American Airlines Group Inc. sank 2.6%, Avis Budget Group Inc. slid 2.3% and FedEx Corp. gave up 1.9%, while the best performer was Landstar System Inc.'s stock , which slipped 0.2%.
