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. 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. 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.
Analyst Perspectives | Price targets range from $105 to $130, reflecting varied outlooks on Avis's ability to leverage its market position and operational efficiencies in a turbulent sector. |
Competitive Edge | Delve into Avis's advantages: a lean cost base, younger fleet mix, and strategic positioning in the evolving electric vehicle landscape of the rental industry. |
Financial Resilience | Explore Avis's strong free cash flow generation and its impact on capital allocation strategies, including the recent pause in share buybacks amid market uncertainty. |
Market Dynamics | Avis Budget Group navigates industry volatility, facing challenges from increased fleet availability and elevated depreciation expenses in the competitive rental car market. |
Metrics to compare | CAR | Sector Sector - Average of metrics from a broad group of related Industrials sector companies | Relationship RelationshipCARPeersSector | |
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P/E Ratio | −2.1x | 22.9x | 11.9x | |
PEG Ratio | 0.01 | −0.85 | 0.03 | |
Price / Book | −1.7x | 2.1x | 1.4x | |
Price / LTM Sales | 0.4x | 0.9x | 1.2x | |
Upside (Analyst Target) | −13.7% | 6.8% | 20.4% | |
Fair Value Upside | Unlock | 14.1% | 8.7% | Unlock |