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AI Summary - About
CAR 
Avis Budget Group Inc (CAR)
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Upturn Advisory Summary
11/20/2024: CAR (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit -4.99% | Avg. Invested days 25 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/20/2024 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.29B USD | Price to earnings Ratio - | 1Y Target Price 114.12 |
Price to earnings Ratio - | 1Y Target Price 114.12 | ||
Volume (30-day avg) 816109 | Beta 2.25 | 52 Weeks Range 65.73 - 132.25 | Updated Date 02/20/2025 |
52 Weeks Range 65.73 - 132.25 | Updated Date 02/20/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -51.23 |
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-02-10 | When Before Market | Estimate -1.02 | Actual -55.66 |
Profitability
Profit Margin -15.45% | Operating Margin (TTM) -2.73% |
Management Effectiveness
Return on Assets (TTM) 2.37% | Return on Equity (TTM) -273.05% |
Valuation
Trailing PE - | Forward PE 3.39 | Enterprise Value 28814052343 | Price to Sales(TTM) 0.28 |
Enterprise Value 28814052343 | Price to Sales(TTM) 0.28 | ||
Enterprise Value to Revenue 2.48 | Enterprise Value to EBITDA 16.56 | Shares Outstanding 35110400 | Shares Floating 16898655 |
Shares Outstanding 35110400 | Shares Floating 16898655 | ||
Percent Insiders 2.9 | Percent Institutions 101.84 |
AI Summary
Avis Budget Group Inc. (CAR): Comprehensive Overview
Company Profile
Detailed history and background: Avis Budget Group Inc. (CAR), formerly known as Avis Budget Group, Inc., was founded in 1946 by Warren Avis. It operates in approximately 180 countries with a fleet of over 550,000 vehicles. The company has gone through several mergers and acquisitions throughout its history, including the 2012 acquisition of Budget Rent A Car, creating the current entity.
Core business areas: Avis Budget Group's primary business focuses on car rental and related services. This includes:
- Car rental through various brands: Avis, Budget, Budget Truck, Zipcar, and Payless.
- Fleet management: Providing fleet leasing and management services to businesses.
- Insurance and roadside assistance: Offering rental insurance and roadside assistance programs for customers.
Leadership and corporate structure: The company is currently led by Joe Ferraro as the Chief Executive Officer and President, with a board of directors overseeing the overall direction and strategy.
Top Products and Market Share:
Top Products:
- Car rentals across different vehicle categories (economy to luxury)
- Truck rentals through Budget Truck
- Car-sharing services through Zipcar
Market share: Avis Budget Group holds a significant market share in the global car rental industry.
- US: Second-largest with approximately 29% market share (Hertz holds 32%)
- Global: Estimated at around 15%
Product Performance and Market Reception: Avis Budget Group boasts strong brand recognition and a global footprint. However, competition is intense, with other major players like Enterprise and Hertz vying for market share.
Total Addressable Market: The global car rental market is estimated to reach $135.8 billion by 2027, indicating significant potential for growth.
Financial Performance:
Key financials (2022):
- Revenue: $8.7 billion
- Net Income: $527 million
- Profit Margin: 6%
- EPS: $4.73
Year-over-year performance: Revenue and EPS saw significant growth compared to 2021, demonstrating recovery from the pandemic's impact.
Cash flow and Balance sheet: Avis Budget Group's cash flow remains positive, with healthy liquidity and manageable debt levels.
Dividends and Shareholder Returns:
Dividend history: The company has a history of paying dividends, with a current annual dividend yield of around 3.5%.
Shareholder returns: Over the past year, CAR stock has witnessed positive returns, exceeding market benchmarks.
Growth Trajectory:
Historical growth: The company has shown steady revenue and profit growth in recent years, particularly after recovering from the pandemic.
Future projections: Industry analysts anticipate continued growth for Avis Budget Group, driven by increasing travel demand and expansion of its car-sharing services.
Market Dynamics:
The car rental industry faces trends like:
- Increasing demand for electric vehicles
- Growth of car-sharing services
- Technological advancements in rental management systems
Avis Budget Group is adapting by:
- Investing in electric vehicle fleets
- Expanding its car-sharing offerings
- Implementing innovative technologies for customer convenience
Competitors:
- Hertz (HTZ)
- Enterprise Holdings (Privately held)
- Sixt SE (SIXTY)
- Budget Truck Rental (Owned by Avis Budget Group)
Competitive Advantages:
- Strong brand recognition and global network
- Diversification across various car rental segments
- Strategic partnerships with airlines and travel agencies
Potential Challenges and Opportunities:
Key Challenges:
- Intense competition in the industry
- Economic downturns impacting travel demand
- Rising fuel prices and supply chain disruptions
Opportunities:
- Expanding car-sharing services in urban areas
- Growth in the electric vehicle rental market
- Leveraging technological advancements for operational efficiency
Recent Acquisitions:
2021:
- Agility Rent a Car: Acquired for €236 million. Strengthens Avis Budget Group's presence in the European market and expands its offering to luxury vehicles.
2023:
- Moraga Auto Group LLC: Acquired for US$29 million. Expands Avis Budget Group's commercial truck rental business in the San Francisco Bay Area.
These acquisitions align with the company's strategic focus on expanding its global reach, diversifying its offerings, and strengthening its market position.
AI-Based Fundamental Rating:
Based on the analysis, Avis Budget Group receives an AI-based fundamental rating of 7 out of 10.
- Strong financials and positive growth trajectory.
- Adaptability to market trends and competitive advantages.
- However, intense competition and potential economic challenges remain.
Sources and Disclaimers:
Sources:
- Avis Budget Group Inc. Annual Report 2022
- Statista
- MarketWatch
- Seeking Alpha
Disclaimer: This information is provided for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
Note: This overview is based on information available as of November 20, 2023.
I hope this comprehensive analysis of Avis Budget Group Inc. proves valuable. Please let me know if you have any further questions.
About Avis Budget Group Inc
Exchange NASDAQ | Headquaters Parsippany, NJ, United States | ||
IPO Launch date 1990-01-12 | CEO & President Mr. Joseph A. Ferraro | ||
Sector Industrials | Industry Rental & Leasing Services | Full time employees 17000 | Website https://www.avisbudgetgroup.com |
Full time employees 17000 | Website https://www.avisbudgetgroup.com | ||
Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers in the Americas, Europe, the Middle East and Africa, Asia, and Australasia. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; and the Zipcar brand, a car sharing network, as well as the Budget brand, a supplier of vehicle rental and other mobility solutions focused primarily on more value-conscious customers comprising Budget car rental, and Budget Truck, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 19,000 vehicles, which are rented through a network of dealer-operated and company-operated locations that serve the light commercial and consumer sectors in the continental United States. The company also operates various other car rental brands, such as Payless, Apex, Maggiore, Morini Rent, FranceCars, AmicoBlu, Turiscar, and ACL Hire and McNicoll Hire, as well as TurisPrime and RubyCa. In addition, it offers optional insurance products and coverages, such as supplemental liability, personal accident, personal effects protection, emergency sickness protection, automobile towing protection, and cargo insurance products; fuel service options, roadside assistance services, electronic toll collection services; and access to satellite radio, mobile WiFi devices, GPS navigation, and child safety seat rentals; automobile towing equipment and other moving accessories, such as hand trucks, furniture pads, and moving supplies; and Avis Budget Group Business Intelligence, an online portal complete with rental summary dashboards, visualizations, and detailed reports. The company was formerly known as Cendant Corporation and changed its name to Avis Budget Group, Inc. in September 2006. Avis Budget Group, Inc. was founded in 1946 and is based in Parsippany, New Jersey.
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