CAR - Avis Budget Group, Inc.
| Previous close | 18.61 |
| Open | 19.80 |
| Bid | 0.00 x 800 |
| Ask | 22.88 x 800 |
| Day's range | 18.57 - 22.10 |
| 52-week range | 6.35 - 52.98 |
| Volume | 13,396,013 |
| Avg. volume | 6,598,930 |
| Market cap | 1.528B |
| Beta (5Y monthly) | 2.24 |
| PE ratio (TTM) | 7.02 |
| EPS (TTM) | 3.13 |
| Earnings date | 03 Aug 2020 - 07 Aug 2020 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 23 Feb 2006 |
| 1y target est | 23.33 |
- Motley Fool
Why Avis and Hertz Stock Just Popped, but Latam Airlines Dropped
A bullish pronouncement from JPMorgan's CEO just helped double the share price of bankrupt Hertz.
- Motley Fool
Why Avis Budget Group Popped 11% Tuesday
Shares of Avis Budget Group (NASDAQ: CAR), one of the nation's largest vehicle rental companies, are jumping 11% higher Tuesday morning after a bear pulled its rating, investors digested a Hertz (NYSE: HTZ) bankruptcy, and the market cheered a potential vaccine for COVID-19. In the immediate term, as an essential business, Hertz will remain operating and has about $1 billion in cash to support operations.
- Motley Fool
Upgrade Drives Avis Budget Group 12% Higher
Morgan Stanley analyst Adam Jonas upgraded Avis from underweight to equal weight and bumped the price target from $7 to $15. You can see a clear difference between Avis and its rival Hertz Global Holdings (NYSE: HTZ) over the past month.
- Motley Fool
What's Driving Avis, Cars.com, and Group 1 Automotive Higher Wednesday
There are a number of developments that could be sending auto stocks higher, including an upcoming holiday.
- Motley Fool
Why Planet Fitness, Hertz, and Avis Shares Are Soaring by Double Digits Monday
Shares of Planet Fitness (NYSE: PLNT), Hertz Global Holdings (NYSE: HTZ), and Avis Budget Group (NASDAQ: CAR), three companies that would greatly benefit from a rebounding economy, were jumping over 10% Monday morning as a number of positive developments give investors hope. Powell also noted that the Fed could unleash new lending programs and adjust the pace of its asset purchases. The news that the Fed has more ammunition to offset COVID-19 impacts, and that Moderna is seeing promise in a vaccine, are huge developments for companies like Planet Fitness, Hertz, and Avis, which have been hit hard by social distancing and travel restrictions.
- Motley Fool
Why Avis, Hertz, and AutoNation Stock Got Slammed Another 10%
Shares of Avis Budget Group (NASDAQ: CAR) and Hertz Global Holdings (NYSE: HTZ), well-known vehicle rental companies, and the nation's largest auto retailer AutoNation (NYSE: AN) declined 10% early Wednesday after concerns that plunging used car prices could be exacerbated by a possible Hertz bankruptcy -- a development that would send ripple effects across the auto industry. As you can see in the graph above, Avis and Hertz have been decimated by the COVID-19 coronavirus pandemic and the economic and travel restrictions it brought. In fact, Avis expects April and May to post a crippling 80% decline in revenues, which is one reason the company tapped the junk bond market for $500 million to help weather the COVID-19-driven economic downturn.
- GlobeNewswire
Zipcar Introduces “Instant Access” to Put New Members Behind the Wheel within Minutes
At a time when people desire the safety and reliability of a private vehicle, Zipcar has improved the speed and ease for drivers to sign up and book a Zipcar, allowing members to affordably access a car without the financial burden and hassles of owning one. Zipcar, the world’s leading car-sharing network, today announced the national launch of Instant Access, which enables new members to access a car with a smartphone and drive within minutes of joining, providing on-demand flexibility for essential trips. With Instant Access, new members joining Zipcar online will have their identity confirmed by matching a valid driver’s license with a “selfie” submitted by the member.
- Zacks
Avis Budget (CAR) Q1 Earnings and Revenues Beat Estimates
Avis Budget Group (CAR) first-quarter 2020 revenues decrease year over year.
- Motley Fool
Why Avis Budget Group Shares Got Crushed on Monday
Its arch-rival fell well short of expectations in its latest quarter, highlighting the perilous state of the car rental industry as a whole.
- Yahoo Finance
3 signs the global economy is starting to emerge from COVID-19 hell
It's good to see businesses emerge from the worst of the COVID-19
- Zacks
Is the Options Market Predicting a Spike in Avis Budget Group (CAR) Stock?
Investors need to pay close attention to Avis Budget Group (CAR) stock based on the movements in the options market lately.
- Motley Fool
Why Shares of Avis Budget Tanked 10% Wednesday
Shares of vehicle-rental company Avis Budget Group (NASDAQ: CAR) declined 10% Wednesday as markets continued to digest news for the hard-hit auto industry and gloomy economic data. First, taking a look at broader economic data that sent the Dow roughly 200 points lower toward the end of Wednesday's trading session, the U.S. private sector cut a record 20.2 million jobs in April, the latest sign of how devastating the COVID-19 coronavirus pandemic has hit the economy. One of the hardest-hit industries has been the automotive sector, especially the car rental business that has sent shares of Avis and rival Hertz Global Holdings (NYSE: HTZ) spiraling compared to the S&P 500.
- Motley Fool
Avis Budget Group (CAR) Q1 2020 Earnings Call Transcript
On the call with me are Joe Ferraro, our interim chief executive officer; and John North, our chief financial officer. Before we begin, I would like to remind everyone that we will be discussing forward-looking information that involves risks, uncertainties and assumptions that could cause actual results to differ materially from such forward-looking statements and information.
- GlobeNewswire
Avis Budget Group Announces Pricing of $500 Million of Senior Secured Notes
Avis Budget Group, Inc. (CAR) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc., priced an offering of $500 million aggregate principal amount of 10.500% senior secured notes due 2025 in a private offering, which represents a $100 million increase in the previously announced size of the offering. The notes were priced at 97% of their face value and will be guaranteed by Avis Budget Group, Inc. and certain of its U.S. subsidiaries. Avis Budget Group intends to use the net proceeds from the notes offering for general corporate purposes.
- Zacks
Avis Budget Group (CAR) Reports Q1 Loss, Tops Revenue Estimates
Avis Budget (CAR) delivered earnings and revenue surprises of 26.70% and 0.89%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- Associated Press
Avis Budget: 1Q Earnings Snapshot
- GlobeNewswire
Avis Budget Group Reports First Quarter 2020 Results and Pandemic Response Actions
PARSIPPANY, N.J., May 04, 2020 -- Avis Budget Group, Inc. (NASDAQ: CAR) today reported results for its first quarter ended March 31, 2020. First Quarter 2020 over First.
- GlobeNewswire
Avis Budget Group Announces Intention to Offer $400 Million of Senior Secured Notes
Avis Budget Group, Inc. (CAR) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc., intend, subject to market and other customary conditions, to offer $400 million aggregate principal amount of senior secured notes due 2025 in a private offering. The notes will be guaranteed by Avis Budget Group, Inc. and certain of its U.S. subsidiaries. Avis Budget Group intends to use the net proceeds from the notes offering for general corporate purposes.
- GlobeNewswire
Avis Budget Group Announces Leverage Covenant Waiver Under Existing Credit Facility
Avis Budget Group, Inc. (NASDAQ: CAR) today announced that the Company has obtained a waiver of the leverage covenant included in its existing senior credit facilities, comprised of a term loan and revolving credit facility, until June 30, 2021. The waiver is included in an amendment to the credit facilities, which allows the Company to incur an additional $750 million of first lien debt. For additional information regarding the amendment, see the Company’s Current Report on Form 8-K to be filed with the Securities and Exchange Commission on the date hereof.
- Zacks
Earnings Preview: Avis Budget Group (CAR) Q1 Earnings Expected to Decline
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.
- Zacks
The Zacks Analyst Blog Highlights: Hertz Global, Avis Budget Group, Ally Financial and Kar Auction Services
The Zacks Analyst Blog Highlights: Hertz Global, Avis Budget Group, Ally Financial and Kar Auction Services
- GlobeNewswire
Avis Budget Group Provides Preliminary First Quarter 2020 Financial Results; Update on April Trends, Mitigation Actions and Liquidity
Avis Budget Group, Inc. (NASDAQ: CAR) today provided preliminary First Quarter 2020 Financial Results as well as a further business update related to COVID-19 to supplement our earlier press release issued on March 23, 2020. For the First Quarter of 2020, we expect to report total Revenue of $1.7 to $1.8 billion, a 9% decrease at the midpoint, as rental volume was impacted in the second half of March. The results are preliminary and final results for the First Quarter may change.
- GlobeNewswire
Avis Budget Group, Inc. Changes to Virtual Meeting Format for the 2020 Annual Meeting of Shareholders
Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that, due to the public health impact of the coronavirus outbreak (COVID-19) and to prioritize the health and well-being of our employees, shareholders and community, the Company’s 2020 Annual Meeting of Shareholders (the “Meeting”) has been changed from an in-person meeting to a virtual format only. The Meeting will be held on Thursday, May 7, 2020 at 9:00 a.m. (Eastern Time), as disclosed in the proxy statement filed by the Company with the Securities and Exchange Commission on March 27, 2020. You will not be able to attend the Meeting physically in person.
- Zacks
Avis Budget (CAR) in Focus: Stock Moves 10.6% Higher
Avis Budget (CAR) saw a big move last session, as its shares jumped nearly 11% on the day, amid huge volumes.
