Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers. It operates the Avis brand, a vehicle rental system that supply rental cars to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local and one-way truck rental businesses with a fleet of approximately 20,000 vehicles, which are rented through a network of approximately 515 dealer-operated and 410 company-operated locations that serve the consumer and light commercial sectors in the continental United States; and the Zipcar brand, a car sharing network. The company also operates various other car rental brands, such as Budget, Payless, Apex, Maggiore, MoriniRent, FranceCars, Amicoblue, Turiscar, and ACL Hire. In addition, it offers optional insurance products and coverages, such as supplemental liability, personal accident, personal effects protection, emergency sickness protection, and cargo insurance products; fuel service options, roadside assistance services, electronic toll collection services, curbside delivery, tablet rentals, access to satellite radio, portable navigation units, and child safety seat rentals; automobile towing equipment and other moving accessories, such as hand trucks, furniture pads, and moving supplies; and Business Intelligence solution, an online portal for corporate travel. Avis Budget Group, Inc. operates in approximately 10,600 locations worldwide. 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 headquartered in Parsippany, New Jersey.
IPO Year:
Exchange: NASDAQ
Website: avisbudgetgroup.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/18/2024 | Buy → Neutral | Northcoast | |
| 9/19/2024 | $105.00 | Equal Weight | Barclays |
| 4/4/2024 | $118.00 → $130.00 | Sell → Neutral | Goldman |
| 3/25/2024 | $155.00 | Neutral → Buy | Northcoast |
| 3/19/2024 | $170.00 | Buy | BofA Securities |
| 1/25/2024 | $234.00 → $248.00 | Hold → Buy | Deutsche Bank |
| 7/20/2023 | $263.00 | Buy → Hold | Deutsche Bank |
| 6/20/2023 | $182.00 → $230.00 | Equal-Weight → Overweight | Morgan Stanley |
| 5/31/2023 | $239.00 → $263.00 | Hold → Buy | Deutsche Bank |
| 5/5/2023 | $175.00 → $185.00 | Underweight → Equal-Weight | Morgan Stanley |
8-K - AVIS BUDGET GROUP, INC. (0000723612) (Filer)
8-K - AVIS BUDGET GROUP, INC. (0000723612) (Filer)
8-K - AVIS BUDGET GROUP, INC. (0000723612) (Filer)
8-K - AVIS BUDGET GROUP, INC. (0000723612) (Filer)
SCHEDULE 13G/A - AVIS BUDGET GROUP, INC. (0000723612) (Subject)
10-Q - AVIS BUDGET GROUP, INC. (0000723612) (Filer)
8-K - AVIS BUDGET GROUP, INC. (0000723612) (Filer)
8-K - AVIS BUDGET GROUP, INC. (0000723612) (Filer)
DEFA14A - AVIS BUDGET GROUP, INC. (0000723612) (Filer)
DEF 14A - AVIS BUDGET GROUP, INC. (0000723612) (Filer)
4 - AVIS BUDGET GROUP, INC. (0000723612) (Issuer)
4 - AVIS BUDGET GROUP, INC. (0000723612) (Issuer)
4 - AVIS BUDGET GROUP, INC. (0000723612) (Issuer)
4 - AVIS BUDGET GROUP, INC. (0000723612) (Issuer)
4 - AVIS BUDGET GROUP, INC. (0000723612) (Issuer)
4 - AVIS BUDGET GROUP, INC. (0000723612) (Issuer)
4 - AVIS BUDGET GROUP, INC. (0000723612) (Issuer)
4 - AVIS BUDGET GROUP, INC. (0000723612) (Issuer)
4 - AVIS BUDGET GROUP, INC. (0000723612) (Issuer)
4 - AVIS BUDGET GROUP, INC. (0000723612) (Issuer)
Northcoast downgraded Avis Budget from Buy to Neutral
Barclays initiated coverage of Avis Budget with a rating of Equal Weight and set a new price target of $105.00
Goldman upgraded Avis Budget from Sell to Neutral and set a new price target of $130.00 from $118.00 previously
Northcoast upgraded Avis Budget from Neutral to Buy and set a new price target of $155.00
BofA Securities initiated coverage of Avis Budget with a rating of Buy and set a new price target of $170.00
Deutsche Bank upgraded Avis Budget from Hold to Buy and set a new price target of $248.00 from $234.00 previously
Deutsche Bank downgraded Avis Budget from Buy to Hold and set a new price target of $263.00
Morgan Stanley upgraded Avis Budget from Equal-Weight to Overweight and set a new price target of $230.00 from $182.00 previously
Deutsche Bank upgraded Avis Budget from Hold to Buy and set a new price target of $263.00 from $239.00 previously
Morgan Stanley upgraded Avis Budget from Underweight to Equal-Weight and set a new price target of $185.00 from $175.00 previously
PARSIPPANY, N.J., June 09, 2025 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) today announced the appointment of Daniel Cunha as Chief Financial Officer, effective July 1, 2025. Mr. Cunha will lead ABG's finance functions and partner with other senior leaders to set and deliver on the Company's long-term strategic and financial objectives. Izzy Martins will be leaving the Company on June 30, 2025, to pursue another opportunity. Mr. Cunha joins ABG from Orion Services Group, a private equity owned commercial field services company, where he served as CFO for the past year. Prior to Orion, Mr. Cunha was the CFO of Ocean Spray and Heinz North America. Mr. Cunha started his career
PARSIPPANY, N.J., May 14, 2025 (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 a private offering of $600 million aggregate principal amount of 8.375% senior notes due 2032 (the "Notes"), which represents a $100 million increase from the previously announced size of the offering. The Notes will have a maturity date of June 15, 2032. The closing of the offering of the Notes is expected to occur on May 19, 2025, subject to customary closing conditions. The Notes will be issued at par and guaranteed on a senior unsecured basis
PARSIPPANY, N.J., May 14, 2025 (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 $500 million aggregate principal amount of senior notes due 2032 (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. subsidiaries. The Company intends to use the net proceeds from the offering of the Notes for general corporate purposes, which may include repayment of indebtedness, including, wi
PARSIPPANY, N.J., April 17, 2025 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it plans to report its first quarter 2025 results after the market close on Wednesday, May 7th, 2025, and to host a conference call for institutional investors to discuss these results on Thursday, May 8th, 2025 at 8:30 a.m. Eastern time. Investors may access the call at ir.avisbudgetgroup.com, or by dialing (877)-407-2991. Investors are encouraged to dial in approximately 10 minutes prior to the call. A web replay will be available at ir.avisbudgetgroup.com following the call. A telephone replay will be available from 12:30 p.m. Eastern time on May 8th, 2025, until 10:00 p.m. on
PARSIPPANY, N.J., Feb. 07, 2025 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it plans to report its fourth quarter 2024 results after the market close on Tuesday, February 11th, 2025, and to host a conference call for institutional investors to discuss these results on Wednesday, February 12th, 2025 at 8:30 a.m. Eastern time. Investors may access the call at ir.avisbudgetgroup.com, or by dialing (877)-407-2991. Investors are encouraged to dial in approximately 10 minutes prior to the call. A web replay will be available at ir.avisbudgetgroup.com following the call. A telephone replay will be available from 11:00 a.m. Eastern time on February 12th, 2025, un
PARSIPPANY, N.J., Oct. 25, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it plans to report its third quarter 2024 results after the market close on Thursday, October 31st, 2024, and to host a conference call for institutional investors to discuss these results on Friday, November 1st, 2024 at 8:30 a.m. Eastern time. Investors may access the call at ir.avisbudgetgroup.com, or by dialing (877)-407-2991. Investors are encouraged to dial in approximately 10 minutes prior to the call. A web replay will be available at ir.avisbudgetgroup.com following the call. A telephone replay will be available from 11:00 a.m. Eastern time on November 1st, 2024, until 10
PARSIPPANY, N.J., Sept. 10, 2024 (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 a private offering of $700 million aggregate principal amount of 8.250% senior notes due 2030 (the "Notes"), which represents a $200 million increase from the previously announced size of the offering. The Notes will have a maturity date of January 15, 2030. The closing of the offering of the Notes is expected to occur on September 13, 2024, subject to customary closing conditions. The Notes will be issued at par and guaranteed on a senior unse
PARSIPPANY, N.J., Sept. 10, 2024 (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 $500 million aggregate principal amount of senior notes due 2030 (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. subsidiaries. The Company intends to use the net proceeds from the offering of the Notes for general corporate purposes, which may include repayment of indebtedness, including,
PARSIPPANY, N.J., July 11, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it plans to report its second quarter 2024 results after the market close on Monday, August 5th, 2024, and to host a conference call for institutional investors to discuss these results on Tuesday, August 6th, 2024 at 8:30 a.m. Eastern time. Investors may access the call at ir.avisbudgetgroup.com, or by dialing (877)-407-2991. Investors are encouraged to dial in approximately 10 minutes prior to the call. A web replay will be available at ir.avisbudgetgroup.com following the call. A telephone replay will be available from 11:00 a.m. Eastern time on August 6th, 2024, until 10:00 p.
PARSIPPANY, N.J., May 14, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) (the "Company") announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the "Issuer"), priced a private offering of €200 million aggregate principal amount of additional 7.25% Senior Notes due 2030 (the "Notes"). The Notes will be issued as additional notes under the Indenture, dated as of July 13, 2023, pursuant to which the Issuer previously issued €400 million aggregate principal amount of 7.25% Senior Notes due 2030. The Notes will have a maturity date of July 31, 2030. The closing of the offering of the Notes is expected to occur on May 21, 2024, subject to customary closing cond
PARSIPPANY, N.J., April 17, 2025 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it plans to report its first quarter 2025 results after the market close on Wednesday, May 7th, 2025, and to host a conference call for institutional investors to discuss these results on Thursday, May 8th, 2025 at 8:30 a.m. Eastern time. Investors may access the call at ir.avisbudgetgroup.com, or by dialing (877)-407-2991. Investors are encouraged to dial in approximately 10 minutes prior to the call. A web replay will be available at ir.avisbudgetgroup.com following the call. A telephone replay will be available from 12:30 p.m. Eastern time on May 8th, 2025, until 10:00 p.m. on
PARSIPPANY, N.J., Feb. 07, 2025 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it plans to report its fourth quarter 2024 results after the market close on Tuesday, February 11th, 2025, and to host a conference call for institutional investors to discuss these results on Wednesday, February 12th, 2025 at 8:30 a.m. Eastern time. Investors may access the call at ir.avisbudgetgroup.com, or by dialing (877)-407-2991. Investors are encouraged to dial in approximately 10 minutes prior to the call. A web replay will be available at ir.avisbudgetgroup.com following the call. A telephone replay will be available from 11:00 a.m. Eastern time on February 12th, 2025, un
PARSIPPANY, N.J., Oct. 25, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it plans to report its third quarter 2024 results after the market close on Thursday, October 31st, 2024, and to host a conference call for institutional investors to discuss these results on Friday, November 1st, 2024 at 8:30 a.m. Eastern time. Investors may access the call at ir.avisbudgetgroup.com, or by dialing (877)-407-2991. Investors are encouraged to dial in approximately 10 minutes prior to the call. A web replay will be available at ir.avisbudgetgroup.com following the call. A telephone replay will be available from 11:00 a.m. Eastern time on November 1st, 2024, until 10
PARSIPPANY, N.J., July 11, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it plans to report its second quarter 2024 results after the market close on Monday, August 5th, 2024, and to host a conference call for institutional investors to discuss these results on Tuesday, August 6th, 2024 at 8:30 a.m. Eastern time. Investors may access the call at ir.avisbudgetgroup.com, or by dialing (877)-407-2991. Investors are encouraged to dial in approximately 10 minutes prior to the call. A web replay will be available at ir.avisbudgetgroup.com following the call. A telephone replay will be available from 11:00 a.m. Eastern time on August 6th, 2024, until 10:00 p.
PARSIPPANY, N.J., April 19, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it plans to report its first quarter 2024 results after the market close on Wednesday, May 1st, 2024, and to host a conference call for institutional investors to discuss these results on Thursday, May 2nd, 2024 at 8:30 a.m. Eastern time. Investors may access the call at ir.avisbudgetgroup.com, or by dialing (877)-407-2991. Investors are encouraged to dial in approximately 10 minutes prior to the call. A web replay will be available at ir.avisbudgetgroup.com following the call. A telephone replay will be available from 11:00 a.m. Eastern time on May 2nd, 2024, until 10:00 p.m. on
PARSIPPANY, N.J., Jan. 12, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it plans to report its fourth quarter 2023 results after the market close on Monday, February 12th, 2024, and to host a conference call for institutional investors to discuss these results on Tuesday, February 13th, 2024 at 8:30 a.m. Eastern time. Investors may access the call at ir.avisbudgetgroup.com, or by dialing (877)-407-2991. Investors are encouraged to dial in approximately 10 minutes prior to the call. A web replay will be available at ir.avisbudgetgroup.com following the call. A telephone replay will be available from 11:00 a.m. Eastern time on February 13th, 2024, until
PARSIPPANY, N.J., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) (the "Company") today announced the declaration by its Board of Directors of a special cash dividend of $10.00 per share of common stock. The special cash dividend is payable on December 21, 2023 to stockholders of record as of the close of business on December 15, 2023. In addition, the Company has purchased approximately 1.3 million shares of its common stock to date in the fourth quarter of 2023 for an aggregate purchase price of approximately $240 million. There is approximately $820 million remaining under its share repurchase program and the Company expects to continue retiring shares throughou
PARSIPPANY, N.J., Oct. 09, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it plans to report its third quarter 2023 results after the market close on Wednesday, November 1st, 2023, and to host a conference call for institutional investors to discuss these results on Thursday, November 2nd, 2023 at 8:30 a.m. Eastern time. Investors may access the call at ir.avisbudgetgroup.com, or by dialing (800)-274-8461 and referencing the conference ID (required for entry): AVIS. Investors are encouraged to dial in approximately 10 minutes prior to the call. A web replay will be available at ir.avisbudgetgroup.com following the call. A telephone replay will be availa
Conference Call to Discuss Results Scheduled for August 1st, 2023 PARSIPPANY, N.J., July 07, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it plans to report its second quarter 2023 results after the market close on Monday, July 31st, 2023, and to host a conference call for institutional investors to discuss these results on Tuesday, August 1st, 2023 at 8:30 a.m. Eastern time. Investors may access the call at ir.avisbudgetgroup.com, or by dialing (877)-407-2991. Investors are encouraged to dial in approximately 10 minutes prior to the call. A web replay will be available at ir.avisbudgetgroup.com following the call. A telephone replay will be availabl
PARSIPPANY, N.J., April 04, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) announced today that it plans to report its first quarter 2023 results after the market close on Monday, May 1st, 2023, and to host a conference call for institutional investors to discuss these results on Tuesday, May 2nd, 2023 at 8:30 a.m. Eastern time. Investors may access the call at ir.avisbudgetgroup.com, or by dialing (877)-407-2991. Investors are encouraged to dial in approximately 10 minutes prior to the call. A web replay will be available at ir.avisbudgetgroup.com following the call. A telephone replay will be available from 11:00 a.m. Eastern time on May 2nd, 2023, until 10:00 p.m. on May
PARSIPPANY, N.J., June 09, 2025 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) today announced the appointment of Daniel Cunha as Chief Financial Officer, effective July 1, 2025. Mr. Cunha will lead ABG's finance functions and partner with other senior leaders to set and deliver on the Company's long-term strategic and financial objectives. Izzy Martins will be leaving the Company on June 30, 2025, to pursue another opportunity. Mr. Cunha joins ABG from Orion Services Group, a private equity owned commercial field services company, where he served as CFO for the past year. Prior to Orion, Mr. Cunha was the CFO of Ocean Spray and Heinz North America. Mr. Cunha started his career
SC 13G/A - AVIS BUDGET GROUP, INC. (0000723612) (Subject)
SC 13G/A - AVIS BUDGET GROUP, INC. (0000723612) (Subject)
SC 13G/A - AVIS BUDGET GROUP, INC. (0000723612) (Subject)
SC 13G/A - AVIS BUDGET GROUP, INC. (0000723612) (Subject)
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SC 13G/A - AVIS BUDGET GROUP, INC. (0000723612) (Subject)
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SC 13D/A - AVIS BUDGET GROUP, INC. (0000723612) (Subject)
SC 13D/A - AVIS BUDGET GROUP, INC. (0000723612) (Subject)