Avis Budget Group

Avis Budget Group is a provider of mobility solutions through its three brands, Avis, Budget and Zipcar, together with several other brands. The company has two segments: Americas, which provides and 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, and operates its car sharing business in certain of these markets; and International, which provides and licenses the company's brands to third parties for vehicle rentals and ancillary products and services in Europe, the Middle East, Africa, Asia and Australasia, and operates the company's car sharing business in certain of these markets.
  • TickerCAR
  • ISINUS0537741052
  • ExchangeNASDAQ Stock Market
  • SectorTravel & Leisure
  • CountryUnited States
CAR Avis Budget Gro... (Travel & Leisure)

AVIS BUDGET GROUP with less fundamental stars is reduced to Neutral

AVIS BUDGET GROUP (US), a company active in the Transportation Services industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 3 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date April 20, 2021, the closing price was USD 74.71 and its expected value was estimated at ...

 PRESS RELEASE
CAR Avis Budget Gro... (Travel & Leisure)

Avis Budget Group Announces Intention to Offer $350 Million of Senior ...

Avis Budget Group Announces Intention to Offer $350 Million of Senior Notes PARSIPPANY, N.J., March 09, 2021 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (together, the “Issuers”), intend, subject to market and other customary conditions, to offer $350 million aggregate principal amount of senior notes due 2028 (the “Notes”) in a private offering. The Notes will be guaranteed on a senior unsecured basis by Avis Budget Group, Inc. and certain of its U....

 PRESS RELEASE
CAR Avis Budget Gro... (Travel & Leisure)

Avis Budget Group Announces Pricing of $600 Million of Senior Notes

Avis Budget Group Announces Pricing of $600 Million of Senior Notes PARSIPPANY, N.J., Feb. 17, 2021 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (together, the “Issuers”) priced an offering of $600 million aggregate principal amount of 5.375% senior notes due 2029 (the “Notes”) in a private offering. The Notes will have a maturity date of March 1, 2029. The closing of the offering of the Notes is expected to occur on March 1, 2021, subject to customary...

 PRESS RELEASE
CAR Avis Budget Gro... (Travel & Leisure)

Avis Budget Group Announces Intention to Offer $600 Million of Senior ...

Avis Budget Group Announces Intention to Offer $600 Million of Senior Notes PARSIPPANY, N.J., Feb. 17, 2021 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (together, the “Issuers”), intend, subject to market and other customary conditions, to offer $600 million aggregate principal amount of senior notes due 2029 (the “Notes”) in a private offering. The Notes will be guaranteed on a senior unsecured basis by Avis Budget Group, Inc. and certain of its U.S....

 PRESS RELEASE
CAR Avis Budget Gro... (Travel & Leisure)

Avis Budget Group Removes More than $2.5 billion of Costs Setting the ...

Avis Budget Group Removes More than $2.5 billion of Costs Setting the Stage for Future Recovery PARSIPPANY, N.J., Feb. 16, 2021 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today announced financial results for fourth quarter and full year ended December 31, 2020. Despite revenue being down 37% for the fourth quarter compared to prior year, and a net loss of $90 million, we generated positive Adjusted EBITDA of $74 million through disciplined cost removal of more than $500 million. We have now had back-to-back quarters of positive Adjusted EBITDA and continue to show our a...

 PRESS RELEASE
CAR Avis Budget Gro... (Travel & Leisure)

Avis Budget Group Announces Intention to Offer $350 Million of Senior ...

Avis Budget Group Announces Intention to Offer $350 Million of Senior Notes PARSIPPANY, N.J., March 09, 2021 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (together, the “Issuers”), intend, subject to market and other customary conditions, to offer $350 million aggregate principal amount of senior notes due 2028 (the “Notes”) in a private offering. The Notes will be guaranteed on a senior unsecured basis by Avis Budget Group, Inc. and certain of its U....

 PRESS RELEASE
CAR Avis Budget Gro... (Travel & Leisure)

Avis Budget Group Announces Pricing of $600 Million of Senior Notes

Avis Budget Group Announces Pricing of $600 Million of Senior Notes PARSIPPANY, N.J., Feb. 17, 2021 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (together, the “Issuers”) priced an offering of $600 million aggregate principal amount of 5.375% senior notes due 2029 (the “Notes”) in a private offering. The Notes will have a maturity date of March 1, 2029. The closing of the offering of the Notes is expected to occur on March 1, 2021, subject to customary...

 PRESS RELEASE
CAR Avis Budget Gro... (Travel & Leisure)

Avis Budget Group Announces Intention to Offer $600 Million of Senior ...

Avis Budget Group Announces Intention to Offer $600 Million of Senior Notes PARSIPPANY, N.J., Feb. 17, 2021 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (together, the “Issuers”), intend, subject to market and other customary conditions, to offer $600 million aggregate principal amount of senior notes due 2029 (the “Notes”) in a private offering. The Notes will be guaranteed on a senior unsecured basis by Avis Budget Group, Inc. and certain of its U.S....

 PRESS RELEASE
CAR Avis Budget Gro... (Travel & Leisure)

Avis Budget Group Removes More than $2.5 billion of Costs Setting the ...

Avis Budget Group Removes More than $2.5 billion of Costs Setting the Stage for Future Recovery PARSIPPANY, N.J., Feb. 16, 2021 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today announced financial results for fourth quarter and full year ended December 31, 2020. Despite revenue being down 37% for the fourth quarter compared to prior year, and a net loss of $90 million, we generated positive Adjusted EBITDA of $74 million through disciplined cost removal of more than $500 million. We have now had back-to-back quarters of positive Adjusted EBITDA and continue to show our a...

 PRESS RELEASE
CAR Avis Budget Gro... (Travel & Leisure)

Avis Budget Group to Announce Fourth Quarter & Full Year 2020 Results ...

Avis Budget Group to Announce Fourth Quarter & Full Year 2020 Results on February 16th Conference Call to Discuss Results Scheduled for February 17th, 2021 PARSIPPANY, N.J., Jan. 14, 2021 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its fourth quarter and full year 2020 results after the market close on Tuesday, February 16th, 2021, and to host a conference call for institutional investors to discuss these results on Wednesday, February 17th, 2021 at 8:30 a.m. Eastern time. Investors may access the call at ir.avisbudgetgroup.com, or ...

Valens Research
  • Valens Research
CAR Avis Budget Gro... (Travel & Leisure)

CAR - Embedded Expectations Analysis - 2018 06 06

Avis Budget Group (CAR:USA) is currently trading near historical averages relative to UAFRS-based (Uniform) Assets, with a 1.5x Uniform P/B. At these levels, the market has bullish expectations for the firm, but management has concerns about productivity, pricing, and volumes Specifically, management may be concerned about SRS Investment Management intending to nominate five candidates to the board at their upcoming annual meeting, and may lack confidence in the sustainability of productivity improvements. Furthermore, they may be exaggerating their satisfaction with their financial rebound i...

Valens Research
  • Valens Research
CAR Avis Budget Gro... (Travel & Leisure)

CAR - Embedded Expectations Analysis - 2018 02 07

 Avis Budget Group, Inc. (CAR:USA) is currently trading near historical averages relative to UAFRS-based (Uniform) Assets, with a 1.3x Uniform P/B, implying somewhat bullish expectations. However, management has concerns about revenue, pricing, and costs  Specifically, management may lack confidence in their initiatives to drive profitable revenue growth, and may have concerns about the pricing of individual brands within the overall industry. Additionally, they may have concerns about the sustainability of growth in risk car sales through alternative channels, and may also be concerned...

ICD Research Department
  • ICD Research Department
CAR Avis Budget Gro... (Travel & Leisure)

Hertz Global Holdings, Inc. : Transport and Logistics - Company Profil...

Synopsis ICD Research's "Hertz Global Holdings, Inc. : Transport and Logistics - Company Profile, SWOT & Financial Analysis" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and services, SWOT analysis, business description, company history, key competitors, financial analysis, mergers & acquisitions, recent developments, key employees as well as company locations and subsidiaries. Summary This report is a crucial resource for industry executives and anyone looking to access key information about ...

Mark Nolan ... (+2)
  • Mark Nolan
  • Michael Driscoll
CAR Avis Budget Gro... (Travel & Leisure)

Avis Budget Group, Inc.: Rating Report

DBRS, Inc. (DBRS Morningstar) released a new rating report on Avis Budget Group, Inc.

Mark Nolan ... (+2)
  • Mark Nolan
  • Michael Driscoll
CAR Avis Budget Gro... (Travel & Leisure)

DBRS Morningstar Confirms Avis’s LT Issuer Rating at B, Neg Trend: R...

Please refer to PDF document for more detail about our research: DBRS Morningstar Confirms Avis’s LT Issuer Rating at B, Neg Trend: Removes from Under Review

Mark Nolan ... (+2)
  • Mark Nolan
  • Michael Driscoll
CAR Avis Budget Gro... (Travel & Leisure)

DBRS Morningstar Downgrades Avis Budget to B and Maintains UR - Negati...

Please refer to PDF document for more detail about our research: DBRS Morningstar Downgrades Avis Budget to B and Maintains UR - Negative

Mark Nolan ... (+2)
  • Mark Nolan
  • Michael Driscoll
CAR Avis Budget Gro... (Travel & Leisure)

DBRS Morningstar Downgrades CAR to BB (low) and Places It Under Review...

Please refer to PDF document for more detail about our research: DBRS Morningstar Downgrades CAR to BB (low) and Places It Under Review with Negative Implications

CAR Avis Budget Gro... (Travel & Leisure)

Avis Budget Group, Inc - September 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

CAR Avis Budget Gro... (Travel & Leisure)

AVIS BUDGET GROUP with less fundamental stars is reduced to Neutral

AVIS BUDGET GROUP (US), a company active in the Transportation Services industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 3 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date April 20, 2021, the closing price was USD 74.71 and its expected value was estimated at ...

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