CAR Chart
About

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. The company operates the Avis brand, which offers vehicle rental and other mobility solutions to the commercial and leisure segments of the travel industry and the Zipcar brand, a car sharing network that offers vehicle rental and other mobility solutions comprising budget car rental and budget truck. It also operates various other car rental brands, such as Payless, Apex, Maggiore, Morini Rent, FranceCars, AmicoBlu, Turiscar, and ACL Hire and McNicoll vehicle Hire. 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.

Fundamentals
Scroll to Statements
Sector Industrials Industry Rental & Leasing Service Market Cap 3.31B
Enterprise Value 31.48B Income -889.00M Sales 11.65B
Book/sh -89.40 Cash/sh 14.72 Dividend Yield —
Payout 0.00% Employees 17000 IPO —
P/E — Forward P/E 14.75 PEG —
P/S 0.28 P/B -1.05 P/C —
EV/EBITDA 27.71 EV/Sales 2.70 Quick Ratio 0.58
Current Ratio 0.73 Debt/Eq — LT Debt/Eq —
EPS (ttm) -59.11 EPS next Y 6.37 EPS Growth —
Revenue Growth -1.70% Earnings 2026-05-07 ROA 2.07%
ROE — ROIC — Gross Margin 23.96%
Oper. Margin 6.31% Profit Margin -7.63% Shs Outstand 35.20M
Shs Float 14.06M Short Float 48.72% Short Ratio 17.08
Short Interest — 52W High 212.81 52W Low 54.03
Beta 2.28 Avg Volume 621.18K Volume 1.42M
Target Price $119.29 Recom Hold Prev Close $87.69
Price $93.99 Change 7.18%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$119.29
Mean price target
2. Current target
$93.99
Latest analyst target
3. DCF / Fair value
$-538.26
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$93.99
Low
$85.00
High
$148.00
Mean
$119.29

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-12-08 down Morgan Stanley Overweight → Equal-Weight $142
2025-11-03 main Barclays Equal-Weight → Equal-Weight $120
2025-10-29 main Susquehanna Neutral → Neutral $130
2025-10-20 main JP Morgan Neutral → Neutral $157
2025-10-09 main Susquehanna Neutral → Neutral $145
2025-08-20 down B of A Securities Buy → Underperform $113
2025-08-04 main Barclays Equal-Weight → Equal-Weight $150
2025-08-01 down Goldman Sachs Neutral → Sell $105
2025-07-31 down JP Morgan Overweight → Neutral $155
2025-07-10 main Deutsche Bank Buy → Buy $196
2025-05-09 main JP Morgan Overweight → Overweight $155
2025-05-09 main Goldman Sachs Neutral → Neutral $87
2024-12-10 main Goldman Sachs Neutral → Neutral $95
2024-11-18 down Northcoast Research Buy → Neutral —
2024-11-05 main Deutsche Bank Buy → Buy $143
2024-11-04 main JP Morgan Overweight → Overweight $150
2024-10-11 main Goldman Sachs Neutral → Neutral $90
2024-09-19 init Barclays — → Equal-Weight $105
2024-08-09 main Susquehanna Neutral → Neutral $95
2024-08-08 main Goldman Sachs Neutral → Neutral $105
Insider Transactions
Date Shares Url Text Insider Position Transaction Start Date Ownership Value
0 5144 — — SERA JEAN M. General Counsel — 2025-12-30 00:00:00 D nan
1 6430 — — LINNEN EDWARD P Officer — 2025-12-30 00:00:00 D nan
2 9645 — — CHOI BRIAN J Chief Executive Officer — 2025-12-30 00:00:00 D nan
3 10000 — Sale at price 156.47 - 157.57 per share. LINNEN EDWARD P Officer — 2025-08-15 00:00:00 D 1568283.0
4 402200 — Sale at price 156.57 - 160.26 per share. HEES BERNARDO Director — 2025-08-04 00:00:00 I 62980572.0
5 2335 — Stock Award(Grant) at price 0.00 per share. SIMHAMBHATLA RAVI Chief Technology Officer — 2025-07-25 00:00:00 D —
6 507 — Conversion of Exercise of derivative security at price 206.79 per share. SIMHAMBHATLA RAVI Chief Technology Officer — 2025-07-25 00:00:00 D 104843.0
7 748 — — SERA JEAN M. General Counsel — 2025-03-13 00:00:00 D nan
8 1326 — — SIMHAMBHATLA RAVI Officer — 2025-03-13 00:00:00 D nan
9 2542 — — MARTINS IZILDA P Chief Financial Officer — 2025-03-13 00:00:00 D nan
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-778.93M-3.07M-6.53M-51.05M
TaxRateForCalcs0.310.150.240.25
NormalizedEBITDA4.27B5.68B6.72B4.61B
TotalUnusualItems-2.53B-21.00M-27.00M-205.00M
TotalUnusualItemsExcludingGoodwill-2.53B-21.00M-27.00M-205.00M
NetIncomeFromContinuingOperationNetMinorityInterest-1.82B1.63B2.76B1.28B
ReconciledDepreciation4.01B3.45B2.81B2.48B
ReconciledCostOfRevenue3.75B3.13B2.25B1.87B
EBITDA1.74B5.66B6.70B4.41B
EBIT-2.27B2.21B3.89B1.93B
NetInterestIncome-358.00M-296.00M-250.00M-218.00M
InterestExpense358.00M296.00M250.00M218.00M
NormalizedIncome-70.93M1.65B2.78B1.44B
NetIncomeFromContinuingAndDiscontinuedOperation-1.82B1.63B2.76B1.28B
TotalExpenses11.35B10.43B9.11B7.54B
RentExpenseSupplemental167.00M138.00M156.00M
DilutedAverageShares35.50M38.80M48.40M66.10M
BasicAverageShares35.50M38.30M47.30M64.90M
DilutedEPS-51.2342.0857.1619.44
BasicEPS-51.2342.5758.4119.79
DilutedNIAvailtoComStockholders-1.82B1.63B2.76B1.28B
NetIncomeCommonStockholders-1.82B1.63B2.76B1.28B
NetIncome-1.82B1.63B2.76B1.28B
MinorityInterests-4.00M-3.00M8.00M2.00M
NetIncomeIncludingNoncontrollingInterests-1.82B1.64B2.76B1.28B
NetIncomeContinuousOperations-1.82B1.64B2.76B1.28B
TaxProvision-810.00M279.00M880.00M425.00M
PretaxIncome-2.63B1.91B3.64B1.71B
OtherIncomeExpense-2.54B-24.00M-20.00M-205.00M
OtherNonOperatingIncomeExpenses-9.00M-3.00M7.00M
SpecialIncomeCharges-2.53B-21.00M-27.00M-205.00M
GainOnSaleOfPPE1.02B361.00M
OtherSpecialCharges19.00M5.00M136.00M
WriteOff2.47B0.000.00
RestructuringAndMergernAcquisition40.00M16.00M27.00M69.00M
NetNonOperatingInterestIncomeExpense-358.00M-296.00M-250.00M-218.00M
InterestExpenseNonOperating358.00M296.00M250.00M218.00M
OperatingIncome269.00M2.23B3.91B2.13B
OperatingExpense7.60B7.30B6.86B5.67B
OtherOperatingExpenses6.01B5.67B5.29B4.25B
DepreciationAmortizationDepletionIncomeStatement237.00M216.00M225.00M272.00M
DepreciationAndAmortizationInIncomeStatement237.00M216.00M225.00M272.00M
SellingGeneralAndAdministration1.35B1.41B1.35B1.15B
GrossProfit7.87B9.53B10.76B7.80B
CostOfRevenue3.75B3.13B2.25B1.87B
TotalRevenue11.62B12.66B13.01B9.67B
OperatingRevenue11.79B12.01B11.99B9.31B
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber102.00M102.00M98.00M81.00M
OrdinarySharesNumber35.00M35.00M39.00M56.00M
ShareIssued137.00M137.00M137.00M137.00M
NetDebt22.39B23.20B17.91B14.87B
TotalDebt26.04B26.45B20.92B17.80B
TangibleBookValue-4.00B-2.12B-2.44B-2.05B
InvestedCapital20.60B23.41B17.78B15.18B
WorkingCapital-686.00M-520.00M-688.00M-561.00M
NetTangibleAssets-4.00B-2.12B-2.44B-2.05B
CapitalLeaseObligations3.11B2.69B2.44B2.41B
CommonStockEquity-2.33B-349.00M-703.00M-220.00M
TotalCapitalization20.58B23.38B17.75B15.16B
TotalEquityGrossMinorityInterest-2.32B-343.00M-700.00M-209.00M
MinorityInterest10.00M6.00M3.00M11.00M
StockholdersEquity-2.33B-349.00M-703.00M-220.00M
GainsLossesNotAffectingRetainedEarnings-210.00M-96.00M-101.00M-133.00M
TreasuryStock10.77B10.74B9.85B6.58B
RetainedEarnings2.03B3.85B2.58B-185.00M
AdditionalPaidInCapital6.62B6.63B6.67B6.68B
CapitalStock1.00M1.00M1.00M1.00M
CommonStock1.00M1.00M1.00M1.00M
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest31.36B32.91B26.63B22.81B
TotalNonCurrentLiabilitiesNetMinorityInterest28.64B30.25B24.05B20.40B
OtherNonCurrentLiabilities803.00M990.00M962.00M869.00M
TradeandOtherPayablesNonCurrent2.00M
NonCurrentDeferredLiabilities2.44B3.42B2.75B2.24B
NonCurrentDeferredTaxesLiabilities2.44B3.42B2.75B2.24B
LongTermDebtAndCapitalLeaseObligation25.39B25.84B20.34B17.29B
LongTermCapitalLeaseObligation2.48B2.12B1.88B1.91B
LongTermDebt22.91B23.73B18.45B15.38B
CurrentLiabilities2.72B2.66B2.57B2.41B
OtherCurrentLiabilities604.00M540.00M619.00M577.00M
CurrentDeferredLiabilities149.00M168.00M188.00M185.00M
CurrentDeferredRevenue149.00M168.00M188.00M185.00M
CurrentDebtAndCapitalLeaseObligation648.00M608.00M582.00M515.00M
CurrentCapitalLeaseObligation628.00M576.00M555.00M496.00M
CurrentDebt20.00M32.00M27.00M19.00M
OtherCurrentBorrowings20.00M32.00M27.00M19.00M
PayablesAndAccruedExpenses1.32B1.34B1.19B1.13B
CurrentAccruedExpenses564.00M605.00M473.00M411.00M
InterestPayable180.00M141.00M
Payables755.00M738.00M712.00M720.00M
OtherPayable445.00M418.00M
TotalTaxPayable305.00M251.00M246.00M313.00M
AccountsPayable450.00M487.00M466.00M407.00M
TotalAssets29.04B32.57B25.93B22.60B
TotalNonCurrentAssets27.01B30.43B24.04B20.75B
OtherNonCurrentAssets976.00M1.17B809.00M636.00M
NonCurrentDeferredAssets1.79B1.87B1.38B1.61B
NonCurrentDeferredTaxesAssets1.79B1.87B1.38B1.61B
NonCurrentAccountsReceivable386.00M443.00M421.00M222.00M
InvestmentsAndAdvances1.41B1.30B1.05B842.00M
LongTermEquityInvestment1.41B1.30B1.05B842.00M
InvestmentsInOtherVenturesUnderEquityMethod100.00M93.00M77.00M
InvestmentsinSubsidiariesatCost1.31B1.21B976.00M842.00M
GoodwillAndOtherIntangibleAssets1.67B1.77B1.74B1.83B
OtherIntangibleAssets601.00M670.00M666.00M724.00M
Goodwill1.07B1.10B1.07B1.11B
NetPPE20.78B23.88B18.64B15.61B
AccumulatedDepreciation-4.77B-4.20B-3.65B-3.47B
GrossPPE25.55B28.08B22.29B19.08B
ConstructionInProgress92.00M154.00M89.00M84.00M
OtherProperties3.06B2.65B2.40B2.37B
MachineryFurnitureEquipment21.73B24.64B19.23B16.05B
BuildingsAndImprovements616.00M574.00M507.00M525.00M
LandAndImprovements61.00M61.00M59.00M50.00M
Properties0.000.000.000.00
CurrentAssets2.03B2.14B1.89B1.85B
OtherCurrentAssets236.00M253.00M112.00M95.00M
PrepaidAssets239.00M239.00M252.00M205.00M
Receivables1.02B1.09B952.00M1.01B
TaxesReceivable187.00M192.00M142.00M238.00M
AccountsReceivable838.00M900.00M810.00M775.00M
AllowanceForDoubtfulAccountsReceivable-96.00M-87.00M-86.00M-84.00M
GrossAccountsReceivable934.00M987.00M896.00M859.00M
CashCashEquivalentsAndShortTermInvestments534.00M555.00M570.00M534.00M
CashAndCashEquivalents534.00M555.00M570.00M534.00M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-6.54B-11.63B-6.03B-6.67B
RepurchaseOfCapitalStock-70.00M-951.00M-3.33B-1.46B
RepaymentOfDebt-23.54B-20.04B-15.18B-11.41B
IssuanceOfDebt22.90B24.92B18.15B15.57B
IssuanceOfCapitalStock0.000.00
CapitalExpenditure-10.06B-15.46B-10.74B-10.16B
InterestPaidSupplementalData1.27B988.00M543.00M509.00M
IncomeTaxPaidSupplementalData50.00M169.00M192.00M75.00M
EndCashPosition597.00M644.00M642.00M626.00M
BeginningCashPosition644.00M642.00M626.00M765.00M
EffectOfExchangeRateChanges-31.00M14.00M-32.00M-11.00M
ChangesInCash-16.00M-12.00M48.00M-128.00M
FinancingCashFlow-781.00M3.51B-360.00M2.69B
CashFlowFromContinuingFinancingActivities-781.00M3.51B-360.00M2.69B
NetOtherFinancingCharges-72.00M-66.00M6.00M-11.00M
CashDividendsPaid0.00-355.00M0.000.00
CommonStockDividendPaid0.00-355.00M0.000.00
NetCommonStockIssuance-70.00M-951.00M-3.33B-1.46B
CommonStockPayments-70.00M-951.00M-3.33B-1.46B
CommonStockIssuance0.000.00
NetIssuancePaymentsOfDebt-639.00M4.88B2.96B4.16B
NetShortTermDebtIssuance0.000.00-1.00M1.00M
NetLongTermDebtIssuance-639.00M4.88B2.96B4.16B
LongTermDebtPayments-23.54B-20.04B-15.18B-11.41B
LongTermDebtIssuance22.90B24.92B18.15B15.57B
InvestingCashFlow-2.75B-7.35B-4.30B-6.31B
CashFlowFromContinuingInvestingActivities-2.75B-7.35B-4.30B-6.31B
NetOtherInvestingChanges12.00M-56.00M-34.00M-46.00M
NetInvestmentPurchaseAndSale-97.00M-235.00M-134.00M-175.00M
SaleOfInvestment701.00M306.00M305.00M192.00M
PurchaseOfInvestment-798.00M-541.00M-439.00M-367.00M
NetPPEPurchaseAndSale-2.67B-7.05B-4.13B-6.08B
SaleOfPPE7.39B8.40B6.61B4.08B
PurchaseOfPPE-10.06B-15.46B-10.74B-10.16B
OperatingCashFlow3.52B3.83B4.71B3.49B
CashFlowFromContinuingOperatingActivities3.52B3.83B4.71B3.49B
ChangeInWorkingCapital-938.00M-1.20B-753.00M-558.00M
ChangeInOtherWorkingCapital45.00M-81.00M6.00M-28.00M
ChangeInOtherCurrentLiabilities-1.10B-1.00B-879.00M-801.00M
ChangeInPayablesAndAccruedExpense63.00M-72.00M217.00M414.00M
ChangeInPayable63.00M-72.00M217.00M414.00M
ChangeInAccountPayable63.00M-72.00M217.00M414.00M
ChangeInReceivables51.00M-43.00M-97.00M-143.00M
ChangesInAccountReceivables51.00M-43.00M-97.00M-143.00M
OtherNonCashItems-4.00M23.00M-29.00M103.00M
StockBasedCompensation19.00M30.00M25.00M30.00M
ProvisionandWriteOffofAssets496.00M348.00M234.00M
AssetImpairmentCharge2.47B0.000.00
DeferredTax-905.00M191.00M682.00M378.00M
DeferredIncomeTax-905.00M191.00M682.00M378.00M
DepreciationAmortizationDepletion4.01B3.45B2.81B2.48B
DepreciationAndAmortization4.01B3.45B2.81B2.48B
Depreciation4.01B3.45B2.81B2.48B
OperatingGainsLosses188.00M-651.00M-1.02B-225.00M
GainLossOnSaleOfPPE167.00M-656.00M-1.02B-361.00M
NetIncomeFromContinuingOperations-1.82B1.64B2.76B1.28B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for CAR
Date User Asset Broker Type Position Size Entry Price Patterns