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.

AMC Entertainment

AutoNation

Bed Bath & Beyond

Chesapeake Energy

GameStop

Macy's

Target Hospitality Corp

United States Steel

Meme stock mania is back in action as investors seek a rapid rise in equity stocks following the pullback in commodities, crypto, and other risky assets. Heavily shorted stocks like Bed Bath & Beyond and AMC are at the forefront of the meme resurgence, +40%, and +15%, respectively, as retailer investors bet against hedge funds.

The Next Bed Bath & Beyond: Strong Buy Stocks With Short Squeeze Potential

Avis Budget (CAR) possesses solid growth attributes, which could help it handily outperform the market.

Avis Budget (CAR) is an Incredible Growth Stock: 3 Reasons Why

Members can directly support Chicago's South Side youth by booking Zipcars by the hour or the day CHICAGO , Aug. 9, 2022 /PRNewswire/ -- Zipcar, the world's leading car-sharing network, today announced the launch of its "Drive to Donate" program in support of Southside Blooms, a Chicago-based organization that strives to uplift Chicago's South Side by using sustainable urban farms and employing youth from underserved neighborhoods. From now until September 30, 2022, Zipcar members can book designated vehicles in the Chicago area creatively wrapped with sketched flowers in honor of Southside Blooms' mission.

Zipcar Launches Limited-Time Program, "Drive to Donate," to Benefit Southside Blooms

Members can directly support the environmental sustainability of Boston's beloved river and parks by booking Zipcars by the hour or the day BOSTON , Aug. 9, 2022 /PRNewswire/ -- Zipcar, the world's leading car-sharing network, today announced the launch of its "Drive to Donate" program in support of the Charles River Conservancy (CRC), a Boston-based organization that strives to maintain the Charles River and its parks for everyone to enjoy a network of natural urban places. From now until September 30, 2022, Zipcar members can book one of 10 cars in the Boston area creatively wrapped with iconic boats sailing on the Charles River in honor of CRC's mission.

Zipcar Launches Limited-Time Program, "Drive to Donate," to Benefit Charles River Conservancy

Avis Budget (CAR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Will Avis Budget (CAR) Gain on Rising Earnings Estimates?

Avis Budget Group, Inc. (NASDAQ: CAR) recently announced the financial results for the second quarter of 2022. These are the details.

Avis Budget Group (CAR) Q2 2022 Earnings

At 4.5 times current-year earnings, Avis Budget stock looks like a bargain.

Why Avis Budget Stock Crashed Today

Avis Budget Group's (CAR) second-quarter 2022 revenues surge year over year on higher revenues per day and strong demand.

Avis Budget Group (CAR) Q2 Earnings Beat Mark, Increase Y/Y

Avis Budget Group Inc. (NASDAQ:CAR ) Q2 2022 Earnings Conference Call August 2, 2022 8:30 AM ET Company Participants Joe Ferraro - President, Chief Executive Officer Brian Choi - Executive Vice President, Chief Financial Officer David Calabria - Senior Vice President, Corporate Finance, Treasurer Conference Call Participants John Healy - Northcoast Research Hans Hoffman - Jefferies Chris Woronka - Deutsche Bank Ryan Brinkman - JP Morgan Operator Greetings and welcome to Avis Budget Group second quarter 2022 conference call. At this time, all participants' lines are in a listen-only mode.

Avis Budget Group (CAR) CEO, Joe Ferraro on Q2 2022 Results - Earnings Call Transcript

Avis Budget (CAR) delivered earnings and revenue surprises of 30.44% and 5.18%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Avis Budget Group (CAR) Q2 Earnings and Revenues Beat Estimates

Shares of Avis Budget Group Inc. CAR, -0.52% were up more than 4% in after-hours trading Monday after the company easily topped profit expectations for its latest quarter. The rental-car company posted net income of $774 million, or $15.71 a share, compared with $398 million, or $5.63 a share, in the year-earlier period.

Avis Budget stock climbs after big earnings beat

PARSIPPANY, N.J., Aug. 01, 2022 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today announced financial results for second quarter 2022.

Avis Budget Group Reports Record Second Quarter Results

Avis Budget (CAR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Avis Budget (CAR)

The car rental outfit is set to report earnings next week.

Why Avis Budget Is Stepping on the Gas Today

Avis Budget (CAR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Avis Budget Group (CAR) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

BGSF

WNS Holdings Ltd

With manufacturing and service activities remaining healthy, the Zacks Business Services industry is poised to prosper. WNS, CAR and BGSF are three stocks set to ride this demand strength.

3 Top Stocks to Watch From the Business Services Industry

CVR Energy

Greif

Howard Hughes

Wyndham Hotels & Resorts Inc

We have narrowed our search to five mid-cap momentum stocks that have solid upside left for the rest of 2022. These are: WH, HHC, GEF, CVI and CAR.

Top 5 Mid-Cap Momentum Stocks to Gain Defying Volatility

CRA International

Genpact

Solid revenue growth and strategic acquisitions boost WEX.

6 Reasons Why It is Worth Betting on WEX for Your Portfolio

Argo Blockchain PLC

Canopy Growth

EyePoint Pharmaceuticals

Rivian Automotive

Petco Health and Wellness

Weightwatchers International Inc.

For speculators that are seeking the next big upside opportunity, you may consider these oversold Nasdaq stocks to buy now. The post 7 Wildly Oversold Nasdaq Stocks to Buy Now appeared first on InvestorPlace.

7 Wildly Oversold Nasdaq Stocks to Buy Now

Hertz

There has always been a distinct rivalry among rental car companies, and, to a degree, this leaves investors at a crossroads when trying to make the best pick for their portfolio.

Why Barclays Sees a Clear Winner Between Hertz and Avis

Everi

FactSet Research Systems

ZipRecruiter

Business services activity has expanded for 25 straight months, helping stocks like ZipRecruiter, Inc. (ZIP), Everi Holdings Inc. (EVRI), Avis Budget Group, Inc. (CAR) and FactSet Research Systems Inc. (FDS).

4 Stocks to Buy on Continued Growth in Business Services Activity

Conference Call to Discuss Results Scheduled for August 2nd, 2022 Conference Call to Discuss Results Scheduled for August 2nd, 2022

Avis Budget Group To Announce Second Quarter 2022 Results on August 1st

3 Reasons Growth Investors Will Love Avis Budget (CAR)

G-III Apparel Group

Group 1 Automotive

Phillips 66

We have narrowed our search to five value stocks. These are: GPI, GEF, GIII, CAR and PSX.

Top 5 Value Picks Amid Concerns of Slowing U.S. Economy

Barclays analyst Brian Johnson lowered the price target for Avis Budget Group Inc (NASDAQ: CAR) to $158 (1.7% upside) from $223 while maintaining the Equal Weight rating on the shares. The analyst reduced the price target on Hertz Global Holdings Inc (.

News for Avis Budget Group Stock (CAR)