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Last €38.33 EUR
Change Today +0.96 / 2.58%
Volume 25.0
As of 8:16 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

avis budget group inc (CUCA) Snapshot

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52 Week High
02/19/15 - €58.36
52 Week Low
08/24/15 - €34.57
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for AVIS BUDGET GROUP INC (CUCA)

avis budget group inc (CUCA) Details

Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers worldwide. The company has three segments: North America, International, and Truck Rental. It operates the Avis car rental system with approximately 5,450 locations, that supply rental cars to the premium commercial and leisure segments of the travel industry; the Budget vehicle rental system with approximately 3,500 car rental locations, which serve the value-conscious segments of the industry; and Zipcar, a membership-based car sharing network that provides vehicles to approximately 915,000 members. The company also operates the Payless brand, which comprises approximately 160 vehicle rental locations, as well as operates Apex brand primarily in the deep-value segment of the car rental industry with approximately 19 rental locations. In addition, it is involved in the local and one-way truck rental businesses with a fleet of approximately 23,000 trucks, which are rented through a network of approximately 1,150 dealers and 400 company-operated locations that serve the consumer and light commercial sectors. Further, the company provides a range of optional insurance products and coverages, such as supplemental liability insurance, personal accident insurance, personal effects protection, automobile towing protection, and cargo insurance. Avis Budget Group, Inc. was founded in 1946 and is headquartered in Parsippany, New Jersey.

22,500 Employees
Last Reported Date: 02/23/15
Founded in 1946

avis budget group inc (CUCA) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.2M
Chief Financial Officer and Senior Executive ...
Total Annual Compensation: $700.0K
President of International
Total Annual Compensation: $700.0K
Compensation as of Fiscal Year 2014.

avis budget group inc (CUCA) Key Developments

Avis Budget Group Seeks Acquisitions

Avis Budget Group, Inc. (NasdaqGS:CAR) is looking for acquisitions. David Wyshner, Chairman & Chief Executive Officer of Avis Budget Group said "I currently expect a higher portion of our free cash flow to be directed towards share repurchases rather than tuck-in acquisitions. In our international segment we continue to expect rental days to increase more than 15% this year, including our acquisitions."

Avis Budget Group, Inc. Announces Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended June 30, 2015 ; Narrows Guidance for the Year 2015

Avis Budget Group, Inc. announced unaudited consolidated earnings results for second quarter and six months ended June 30, 2015. For the quarter, the company reported net revenues of $2,173 million, income before income taxes of $82 million, net income of $143 million or $1.34 per diluted share, adjusted EBITDA of $227 million compared to the net revenues of $2,194 million, income before income taxes of $48 million, net income of $26 million or $0.24 per diluted share, adjusted EBITDA of $213 million for the same quarter a year ago. For the six months period, the company reported net revenues of $4,023 million, income before income taxes of $66 million, net income of $134 million or $1.25 per diluted share, net cash provided by operating activities of $1,027 million, adjusted EBITDA of $344 million compared to the net revenues of $4,056 million, income before income taxes of $53 million, net income of $30 million or $0.28 per diluted share, adjusted EBITDA of $330 million for the same period a year ago. The company narrowed its full-year 2015 expectations. The company now expects full-year 2015 revenue will be $8.6 to $8.7 billion, a 1% to 3% increase compared to 2014. Adjusted EBITDA will increase 3% to 8%, to approximately $900 million to $950 million, including an approximately $40 million negative impact from movements in currency exchange rates. Per-unit fleet costs in the Americas segment will be approximately $300 to $310 per month in 2015, compared to $310 in 2014. Total company per-unit fleet costs are expected to be $280 to $290 per month in 2015, compared to $305 in 2014, with the decrease attributable both to movements in currency exchange rates and to lower per-unit fleet costs throughout the company’s operations. Interest expense related to corporate debt will be approximately $200 million. 2015 non-vehicle depreciation and amortization expense (excluding the amortization of intangible assets related to acquisitions) will be approximately $165 million. Pretax income will be approximately $535 million to $585 million, excluding certain items. Forecast to pretax income excluding items is $535 million to $585 million. The company expects that effective tax rate in 2015 will be 37% to 38%. Based on these expectations, The company estimate that 2015 diluted earnings per share will be $3.15 to $3.45, an increase of 6% to 17% compared to 2014. Cash taxes to be approximately $25 million to $50 million. Nonfleet capital expenditures will total around $200 million this year. Free cash flow to be approximately $475 million to $525 million this year, absent any significant timing differences. This works out to roughly $4.50 to $5 per share, giving stock a free cash flow yield of 11% to 12%.

Avis Budget Group, Inc. to Report Q2, 2015 Results on Aug 03, 2015

Avis Budget Group, Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Aug 03, 2015


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Industry Analysis


Industry Average

Valuation CUCA Industry Range
Price/Earnings 12.8x
Price/Sales 0.5x
Price/Book 7.2x
Price/Cash Flow 7.8x
TEV/Sales NM Not Meaningful

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