Avis Budget Group

Avis Budget Group, Inc. engages in the provision of vehicle sharing and rental services. It operates through the Americas and International segments. The Americas segment licenses the company’s brands to third parties for vehicle rentals and ancillary products and services in North America, South America, Central America, and the Caribbean. The International segment leases out vehicles in Europe, the Middle East, Africa, Asia, and Australasia. The company was founded by Warren E. Avis in 1946 and is headquartered in Parsippany, NJ.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Avis Budget Group achieves record earnings, eyes M&A for growth

Avis Budget Group delivered exceptional financial performance, marked by record EBITDA, strong revenue generation, and effective cost control. While facing challenges such as seasonal RPD declines and automaker production impacts, the company remains agile and focused on customer experience, fleet optimization, and strategic growth initiatives.

Avis Budget Group achieves record Q1 revenue and EBITDA

Avis Budget Group's Q1 performance showcased robust revenue and earnings growth, driven by strong demand in commercial and international travel segments. The company's cautious approach to electric vehicles and strategic fleet actions underscore its commitment to sustainable growth and capital efficiency. With a focus on diverse market expansion and revenue optimization, Avis Budget Group is poised for continued success in the evolving travel landscape.

Avis Budget Group reports solid Q2 earnings amidst travel recovery

Avis Budget Group's Q2 2023 performance showed revenue growth and strong adjusted EBITDA. The company focused on fleet optimization and profitability, with a renewed marketing push for the Avis brand. Challenges include high depreciation and increased vehicle interest costs. Opportunities lie in strong cross-border and domestic travel demand.

Avis Budget Group posts record Q3 revenue, eyes EV opportunities

Avis Budget Group delivered strong financial performance in Q3 2023, driven by robust revenue and adjusted EBITDA figures.
While facing challenges in the International segment and pricing pressures, the company maintains a focus on cost discipline and margin preservation.
Opportunities lie in segment-specific pricing strategies, EV initiatives, and technology utilization for enhanced efficiencies.

Avis Budget Group posts robust earnings, eyes sustained growth in 2024

Avis Budget Group delivered strong financial performance in Q4 2023 and full-year 2023, managing inflationary pressures and achieving robust pricing strategies.
The company's focus on operational efficiency, data utilization, and fleet management contributed to market share gains and sustained demand strength.
While challenges like managing fleet depreciation and operational costs exist, opportunities in capital allocation, EV fleet expansion, and tax optimization are on the horizon.
Overall, Avis Budget Group anticipates continued strong demand, elevated prices, and efficiency improvements in 2024, positioning the company for growth and resilience.

Avis Budget Group reports Q1 revenue over $2.5B, faces fleet challenges

Avis Budget Group's Q1 performance reflects challenges from fleet right-sizing and interest rate impacts but also strengths in strong demand, liquidity position, and technology initiatives. The company is poised for success with opportunities in improved margins, new digital platforms, and international business enhancements.

Avis Budget Group excels in Q3 earnings, eyes growth opportunities

Avis Budget Group's Q3 performance showcases strong revenue and EBITDA figures, with a focus on fleet discipline and high-margin business. While facing pricing challenges, the company is optimistic about future growth opportunities through operational efficiencies and enhanced customer experience.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Avis Budget Group, Inc. engages in the provision of vehicle sharing and rental services. It operates through the following segments: Americas, International, and Corporate and Other. The Americas segment includes the vehicle rental and car sharing operations in North America, South America, Central America, and the Caribbean. The International segment is involved in the vehicle rental and car sharing operations in Europe, the Middle East, Africa, Asia, and Australasia. The company was founded in 1946 and is headquartered in Parsippany, NJ.

Apple

Adobe

Amazon

Chegg

Alphabet

Microsoft

Netflix

NIKE

NVIDIA

Under Armour

Shares of Avis Budget skyrocket as increased demand for rental cars fuels strong third-quarter profits.

Meet the Next FAANG

HeadHunter Group PLC - ADR

WNS Holdings Ltd

With manufacturing and service activities remaining healthy, and the economy gradually recovering, the Zacks Consulting Services industry is poised to prosper. CAR, HHR and WNS are three stocks well placed to ride this demand strength.

3 Top Stocks From the Flourishing Business Services Industry

ConocoPhillips

Dow Inc

Westlake Chemical

We have narrowed down our search to five large-cap stocks that have strong growth potential for the rest of 2021. These are: DOW, COP, CAR, TRGP and WLK.

4 Factors Likely to Drive Year-End Wall Street Rally: 5 Picks

Bed Bath & Beyond

The individual investor army on Reddit that helped push GameStop and AMC to unprecedented heights earlier this year has found some more companies to rally around.

Short squeezes are pushing these stocks to the moon

Demand is up, and so are rental car prices.

Why Avis Stock Is Soaring 59% So Far This Week

The bank said Tuesday's short-squeeze rally in Avis stock was too far too fast despite the company's best fundamentals ever.

Avis short-squeeze prompts double downgrade from JPMorgan even as fundamentals 'strongest they have ever been'

Avis and Bed Bath & Beyond rally on positive news prompting short squeezes

Short Sellers Looking For Cover On Bed Bath & Beyond And Avis

AMC Entertainment

BlackBerry

Kroger

After cooling off during the summer, meme stocks look to be making a comeback as several infamous names rally once again. The post Meme Stocks Alert: What Is Going on With CAR, BB, AMC, BBBY Stocks Today?

Meme Stocks Alert: What Is Going on With CAR, BB, AMC, BBBY Stocks Today?

Shares of Avis Budget Group Inc. took a breather Wednesday, after some Wall Street analysts recommended that investors who owned them should sell them as a “short squeeze” triggered an “unprecedented” rally in the previous session.

The Ratings Game: Avis' stock pulls back after analysts say if you own it, you should sell it

Digital World Acquisition Corp

GameStop

Brokerage firm TD Ameritrade, a unit of Charles Schwab Corp. (NYSE: SCHW), has instituted trading restrictions on four Reddit-favorite stocks — AMC Entertainment Holdings Inc. (NYSE: AMC), GameStop Corp. (NYSE: GME), Avis Budget Group Inc. (NASDAQ: CAR) and Digital World Acquisition Corp. (NASDAQ: DWAC). What Happened: TD Ameritrade said it is limiting certain options strategies and blocking short-selling on the stocks of Avis Budget and Donald Trump-linked special purpose acquisition company (SPAC) Digital World Acquisition.

TD Ameritrade Places Varying Restrictions On Trading In 4 Stocks Including Avis, AMC

Shares of Avis Budget Group Inc nearly doubled on Tuesday as retail investors rushed to get a piece of the heavily shorted U.S. car rental company after its quarterly results beat Wall Street estimates.

Avis shares soar in meme-like rally as retail traders spark squeeze

That car rental stock is on fire!…No not that one, the other one.

MemeMoney: Stocks don't get more Meme than Avis

There's one thing more bullish than the Dow Jones Industrial Average rising to a record close — the Dow Jones Transportation Average reaching a record at the same time.

Market Extra: It's not a typo, the Dow transports really is up more than 1,000 points, because of Avis' stock

Avis Budget's (CAR) third-quarter 2021 earnings and revenues increase year over year.

Avis Budget (CAR) Q3 Earnings and Revenues Beat Estimates

The stock price of Avis Budget Group Inc. (NASDAQ: CAR) increased by over 217% during intraday trading today. This is why it happened.

CAR Stock: Why The Price Surged Over 217% Today

Avis Budget Group, Inc. (CAR) CEO Joseph Ferraro on Q3 2021 Results - Earnings Call Transcript

A blowout earnings report and a potential short squeeze has shares of rental car company Avis Budget Group Inc. (NASDAQ:CAR) skyrocketing in an extremely volatile session on Tuesday. What Happened?

Avis Stock Pulls Back After Gaining 200% On Earnings Short Squeeze

Avis Budget (CAR) stock is charging higher on Tuesday after releasing its earnings report for the third quarter of 2021 and a short squeeze. The post CAR Stock: The EV News Electrifying Avis Budget Shares Today appeared first on InvestorPlace.

CAR Stock: The EV News Electrifying Avis Budget Shares Today

Avis Budget Group Inc (NASDAQ: CAR) soared more than 200% in the stock market on Tuesday after reporting quarterly results late last night that beat estimates by a significant margin. A short squeeze at play The massive increase in the share price was attributed to a “short squeeze” after Avis blew past expectations in the […] The post Avis Budget stock more than tripled on Tuesday: this is why appeared first on Invezz.

Avis Budget stock more than tripled on Tuesday: this is why

Avis Budget investors didn't really need to try harder to make any money from the stock on Tuesday. The rental car company's shares more than doubled after Avis Budget reported strong earnings Monday evening that easily topped Wall Street's forecasts.

Avis stock more than doubles after strong earnings show no end to rental car boom

The company reported $10.74 in earnings per share for the third quarter, trouncing Refinitiv's estimates by more than $4.

Shares of Avis double in single day as huge earnings beat sends hedge fund shorts running

Clorox

Consumer stocks to consider as consumer spending goes from strength to strength.

Good Stocks To Buy Right Now? 4 Consumer Stocks In Focus

No, it's not a glitch, the Dow Jones Transportation Average DJT, +6.69% really is up more than 1,000 points. The Dow transports, which like the Dow Jones Industrial Average DJIA, +0.48% , is a price-weighted index, is up a record 1,028 points, or 6.5%, even as only 6 of 20 components are trading higher.

Dow transports really is up 1,000 points, because of Avis' skyrocketing stock

Avis Budget shares have joined the meme stock club.

Avis Budget stock goes haywire

Avis Budget Group, Inc. (NASDAQ: CAR) shares are trading significantly higher after the company reported better-than-expected third-quarter adjusted earnings per share and sales results. The company also added $1 billion to its buyback.

News for Avis Budget Group Stock (CAR)