Avis
CAR

$104.74

3.1%

Market Cap: 3.73B

About: Avis Budget Group Inc is a provider of automotive vehicle rental and car-sharing services. Its brands include Avis, Budget, and Zipcar. Avis is targeted to serve the premium commercial and leisure segments of the travel industry, while Budget is focused on value-conscious customers. The company operates its own network of rental locations and licenses its brands to franchisees. Zipcar is a car-sharing service that allows members to use the company-owned Zipcar fleet at an hourly rate. The company's largest region by revenue is the Americas.

Employees: 31,000

Consumer Discretionary Auto Rental & Leasing, without Drivers

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 11 analysts

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

18% more repeat investments, than reductions

Existing positions increased: 93 | Existing positions reduced: 79

3.79% more ownership

Funds ownership: 94.13% [Q4 2023] → 97.93% (+3.79%) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 4 [Q4 2023] → 4 (+0) [Q1 2024]

14% less funds holding

Funds holding: 296 [Q4 2023] → 255 (-41) [Q1 2024]

30% less capital invested

Capital invested by funds: $6.04B [Q4 2023] → $4.24B (-$1.81B) [Q1 2024]

37% less call options, than puts

Call options by funds: $161M | Put options by funds: $254M

47% less first-time investments, than exits

New positions opened: 47 | Existing positions closed: 88

See Fund Rankings

Research analyst outlook

11 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$117

12%

upside

Avg. target

$162

54%

upside

High target

$240

129%

upside

11 analyst ratings

7 positive

64%

4 neutral

36%

0 negative

0%

Goldman Sachs Lizzie Dove	15%upside $120	Neutral Maintained	10 Jul 2024
B of A Securities John Babcock	34%upside $140	Buy Maintained	1 May 2024
Susquehanna Christopher Stathoulopoulos	12%upside $117	Neutral Maintained	30 Apr 2024
Deutsche Bank Chris Woronka	75%upside $183	Buy Maintained	18 Apr 2024
Morgan Stanley Adam Jonas	79%upside $187	Overweight Maintained	10 Apr 2024

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Financial journalist opinion

Canadian Apartment Properties: A Story Of Three Tailwinds

Canadian housing sector faces an affordability crisis due to demographic, regulatory, and economic conditions. Population growth outpaces housing supply, leading to rising rents and low vacancy rates. CAPREIT represents a sound investment opportunity with growth potential, a conservative debt profile, and a strategic capital recycling strategy.

Canadian Apartment Properties: A Story Of Three Tailwinds

Avis Budget Group to Announce Second Quarter 2024 Results on August 5th

PARSIPPANY, N.J., July 11, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its second quarter 2024 results after the market close on Monday, August 5th, 2024, and to host a conference call for institutional investors to discuss these results on Tuesday, August 6th, 2024 at 8:30 a.m.

Avis Budget Group to Announce Second Quarter 2024 Results on August 5th

Crown88, Asia's Premier Gaming Provider Collaborates with Taiwanese Influencer Avis in Expansion Endeavors

Singapore, Singapore--(Newsfile Corp. - June 20, 2024) - Crown88, a pioneer in the Online Gaming Industry since its inception in 2010, has been steadily broadening its reputable services across multiple Asian territories, including Singapore, Malaysia, Thailand, Vietnam, Myanmar, and most recently, Australia. Now, marking a significant milestone in its journey, Crown88 proudly announces a strategic partnership with Avis, a prominent Taiwanese YouTuber renowned for captivating millions of followers with his compelling content.

Crown88, Asia's Premier Gaming Provider Collaborates with Taiwanese Influencer Avis in Expansion Endeavors

Avis Budget Group Digital Transformation Strategy Analysis Report 2024: Accelerators, Incubators, Technology Centers and Other Innovation Programs

Dublin, June 17, 2024 (GLOBE NEWSWIRE) -- The "Avis Budget Group (Avis) - Digital Transformation Strategies" company profile has been added to ResearchAndMarkets.com's offering. The report provides comprehensive information and insights into Avis' tech activities, including its digital transformation strategies and innovation programs.

Avis Budget Group Digital Transformation Strategy Analysis Report 2024: Accelerators, Incubators, Technology Centers and Other Innovation Programs

Zacks Investment Research

New Strong Sell Stocks for June 7th

A, CAR and BGS have been added to the Zacks Rank #5 (Strong Sell) List on June 7, 2024.

New Strong Sell Stocks for June 7th

Avis Budget Group Announces Pricing of €200 Million of Senior Notes

PARSIPPANY, N.J., May 14, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the “Issuer”), priced a private offering of €200 million aggregate principal amount of additional 7.25% Senior Notes due 2030 (the “Notes”). The Notes will be issued as additional notes under the Indenture, dated as of July 13, 2023, pursuant to which the Issuer previously issued €400 million aggregate principal amount of 7.25% Senior Notes due 2030. The Notes will have a maturity date of July 31, 2030. The closing of the offering of the Notes is expected to occur on May 21, 2024, subject to customary closing conditions. The Notes were priced at 100.25% of their face value and will be guaranteed on a senior unsecured basis by the Company and certain of its U.S. subsidiaries.

Avis Budget Group Announces Pricing of €200 Million of Senior Notes

Avis Budget Group Announces Intention to Offer €200 Million of Senior Notes

PARSIPPANY, N.J., May 13, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the “Issuer”), intends, subject to market and other customary conditions, to offer €200 million aggregate principal amount of additional 7.25% Senior Notes due 2030 (the “Notes”) in a private offering. The Notes will be issued as additional notes under the Indenture, dated as of July 13, 2023, pursuant to which the Issuer previously issued €400 million aggregate principal amount of 7.25% Senior Notes due 2030. 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 Announces Intention to Offer €200 Million of Senior Notes

Canadian Apartment Properties Real Estate Investment Trust (CDPYF) Q1 2024 Earnings Call Transcript

Canadian Apartment Properties Real Estate Investment Trust (OTC:CDPYF) Q1 2024 Earnings Conference Call May 9, 2024 9:00 AM ET Company Participants Nicole Dolan - Investor Relations Mark Kenney - President & Chief Executive Officer Julian Schonfeldt - Chief Investment Officer Stephen Co - Chief Financial Officer Conference Call Participants Jonathan Kelcher - TD Cowen Kyle Stanley - Desjardins Capital Markets Mike Markidis - BMO Capital Markets Jimmy Shan - RBC Capital Markets Sairam Srinivas - Cormark Securities Matt Kornack - National Bank of Canada Financial Markets Operator Good morning. Thank you for attending today's Canadian Apartment Properties REIT First Quarter 2024 Results conference call.

Canadian Apartment Properties Real Estate Investment Trust (CDPYF) Q1 2024 Earnings Call Transcript

Zacks Investment Research

Avis Budget (CAR) Gains 28% Despite Earnings Miss in Q1

Avis Budget (CAR) witnesses a y/y decline in revenues from the Americas, while international revenues increase.

Avis Budget (CAR) Gains 28% Despite Earnings Miss in Q1

The Motley Fool

Why Avis Budget Stock Surged Thursday

Avis Budget topped revenue estimates in the first quarter. The company saw strong demand heading into the peak summer season.

Why Avis Budget Stock Surged Thursday

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