41.40 +0.09 (0.21%)
After hours: 5:00PM EST
|Bid||39.20 x 1800|
|Ask||41.70 x 1200|
|Day's Range||40.97 - 41.81|
|52 Week Range||23.86 - 41.88|
|Beta (5Y Monthly)||2.09|
|PE Ratio (TTM)||18.30|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 22, 2006|
|1y Target Est||N/A|
Avis Budget saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 89 to 93. Avis Budget has moved more than 5% past a 33.44 entry in a first-stage cup with handle, meaning it's now out of a proper buy range.
Avis Budget (CAR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Kraft Heinz Co.’s former CEO Bernardo Hees has pulled into a new post. Hees was appointed to the board of Avis Budget Group Inc., named independent chair of the board and its executive committee, the Parsippany, New Jersey-based car rental company announced on Monday. The appointment was effective immediately, Avis (NASDAQ:CAR) said.
Avis Budget Group Inc. named a new independent chairman of the board, and got a $15 million stock investment to boot. The car rental company said Bernardo Hees will be the new chairman, succeeded Leonard Coleman will continue as a board member. Previously, Hees has been chief executive of Kraft Heinz Co. , Restaurant Brands International Inc.'s Burger King Worldwide Holdings Inc. and America Latina Logistica over the past 15 years. Hees is investing $15 million in Avis's stock at Friday's closing price of $34.87, "to align his interests with those of all shareholders." The investment represents about 0.6% of the shares outstanding. Avis stock, which was still inactive in premarket trading, has rallied 13.4% over the past three months, while rival Hertz Global Holdings Inc. shares have edged up 1.0% and the S&P 500 has gained 7.6%.
Moody's Investors Service, ("Moody's") has assigned definitive ratings of Aaa (sf) to the Series 2020-1 Class A fixed rate Rental Car Asset Backed Notes, A2 (sf) to the Series 2020-1 Class B fixed rate Rental Car Asset Backed Notes, and Baa3 (sf) to the Series 2020-1 Class C fixed rate Rental Car Asset Backed Notes, (together with the Class A Notes and the Class B Notes, the Series 2020-1 Notes) to be issued by Avis Budget Rental Car Funding (AESOP) LLC (the issuer). The total credit enhancement requirement for the Series 2020-1 Notes is dynamic, and determined as the sum of (1) 12.75% for vehicles subject to a guaranteed depreciation or repurchase program from eligible manufacturers (program vehicles) rated at least Baa3 by Moody's, (2) 16.25% for all other program vehicles, and (3) 20.80% for non-program (risk) vehicles, in each case, as a percentage of the outstanding note balance.
Avis Budget Group Inc. said Tuesday a special committee formed by its board to manage its engagement with shareholder SRS Investment Management has agreed to adopt a one-year shareholder rights plan. The plan seeks to prevent SRS from gaining control of the company without paying a premium. SRS is the rental-car company's biggest shareholder after recently disclosing a 33.8% stake. "The Committee in recent months has made numerous good-faith attempts to reach a new agreement with SRS, but SRS has been unwilling to agree to terms acceptable to the Committee," Avis said in a statement. The board already adopted a short-term shareholder rights plan, also called a poison pill, in January 2017 and again in January 2018. Shares were not active premarket but have gained 25% in the last 12 months, while the S&P 500 has gained 23%.
Moody's Investors Service, ("Moody's") has assigned ratings of (P)Aaa (sf) to the Series 2020-1 Class A fixed rate Rental Car Asset Backed Notes, (P)A2 (sf) to the Series 2020-1 Class B fixed rate Rental Car Asset Backed Notes, and (P)Baa3 (sf) to the Series 2020-1 Class C fixed rate Rental Car Asset Backed Notes, (together with the Class A Notes and the Class B Notes, the Series 2020-1 Notes) to be issued by Avis Budget Rental Car Funding (AESOP) LLC (the issuer).
While it may not be enough for some shareholders, we think it is good to see the Avis Budget Group, Inc. (NASDAQ:CAR...
Joe Ferraro, who has been with the car-rental company for 40 years, is succeeding Larry De Shon, who said in May that he would step down at year's end.
Avis Budget Group Inc. said Monday that it has named Joe Ferraro, the car rental company's Americas president, to the interim chief executive post. He succeeds Larry De Shon, who announced in May that he would step down at the end of the year, staying on to help with the transition. A search committee was formed at that time to find a permanent replacement. The committee will continue its search for a candidate, the company said. Izzy Martins, Avis' chief financial officer, will become the Americas president on an interim basis as well. Avis stock is up 37.5% for the past year, outpacing the S&P 500 index , which is up 30.3% for the period.
"The global economic environment is very favorable for investors. Economies are generally strong, but not too strong. Employment levels are among the strongest for many decades. Interest rates are paused at very low levels, and the risk of significant increases in the medium term seems low. Financing for transactions is freely available to good borrowers, […]
Does the December share price for Avis Budget Group, Inc. (NASDAQ:CAR) reflect what it's really worth? Today, we will...
Car rental companies are quickly expanding into a variety of different services, from package delivery to ridehailing, as the rise of startups like Uber and Lyft increases competition. So far, for Hertz, these new endeavors are paying off. The car rental company posted solid results for the third quarter of 2019, building on its revenue […]