AvisCAR
Market Cap: $2.46B
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 4 [Q1] → 8 (+4) [Q2]
15% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 46
3% more funds holding
Funds holding: 258 [Q1] → 265 (+7) [Q2]
1.0% less ownership
Funds ownership: 99.22% [Q1] → 98.23% (-1.0%) [Q2]
9% less repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 94
15% less capital invested
Capital invested by funds: $4.29B [Q1] → $3.66B (-$632M) [Q2]
22% less call options, than puts
Call options by funds: $184M | Put options by funds: $237M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Susquehanna Christopher Stathoulopoulos 75% 1-year accuracy 15 / 20 met price target | 37%upside $95 | Neutral Maintained | 9 Aug 2024 |
Goldman Sachs Lizzie Dove 88% 1-year accuracy 7 / 8 met price target | 52%upside $105 | Neutral Maintained | 8 Aug 2024 |
JP Morgan Ryan Brinkman 45% 1-year accuracy 13 / 29 met price target | 153%upside $175 | Overweight Maintained | 7 Aug 2024 |
Goldman Sachs Lizzie Dove 88% 1-year accuracy 7 / 8 met price target | 74%upside $120 | Neutral Maintained | 10 Jul 2024 |
Financial journalist opinion
Based on 8 articles about CAR published over the past 30 days