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Avis Budget Group Inc $ 38.12 0.73 (1.95%)

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Volume:
2,050,881
Avg Vol (1m):
1,986,223
Market Cap $:
2.66 Bil
Enterprise Value $:
18.58 Bil
P/E (TTM):
0.00
P/B:
0.00
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Avis Budget Group Inc News and Headlines -

GuruFocus Articles Total 43
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They underperformed the US market recently

Over the one-year, three-year and five-year periods, the following companies have underperformed the U.S. market, as represented by the S&P 500 benchmark. They don’t pay dividends, and Wall Street sell-side analysts recommend a moderate selling rating for both stocks.

Therefore, shareholders might consider reducing their holdings in AutoNation Inc (AN) and Avis Budget Group Inc (CAR).

AutoNation

Shares of the Fort Lauderdale, Florida-based automotive retailer have dropped 22% in the past year, 42.2% over the past three years and 58% over the past five years through March 20. The stock has underperformed the S&P 500 by 8%, 43.3%,

211 Views    Alberto Abaterusso    2020-03-23 22:12
AutoNation, Berkshire Hathaway on the list

According to the GuruFocus All-In-One Screener, the following companies have grown their revenues and earnings over the past several years.

Knight-Swift Transportation Holdings Inc. (KNX) has a five-year annual revenue growth rate of 11% and a five-year annual earnings per share growth rate of 31%. The stock is trading with a price-earnings (P/E) ratio of 10.4 and has a positive six-month return of 13.3%.

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The company, through its subsidiaries, operates the largest truckload fleet in North America. It has a market cap of $8.05 billion and an enterprise value of $8.62 billion.

GuruFocus

92 Views    Tiziano Frateschi    2018-04-06 14:35
SailPoint Technologies, Avis Budget and Apache Corp trading higher today

In Thursday trading, shares of SailPoint Technologies Holdings Inc. (SAIL) were 12% higher on the heels of the company reporting its financial results for the fourth quarter. The company posted an adjusted earnings per share of 17 cents. The company’s revenue of $67.8 million was also higher than the figure reported a year earlier, 52.9% year-over-year. Further, the company managed to beat earnings estimates by 9 cents and $12.3 million in revenue.

Mark McClain, SailPoint’s CEO and Co-founder, said, “Global organizations are increasingly turning to SailPoint’s market-leading identity governance solutions to enable and secure their digital identities by providing

44 Views    Omar Venerio    2018-02-22 16:21
Baupost Group's largest sales of the 3rd quarter

Seth Klarman (Trades, Portfolio) is the portfolio manager of the Baupost Group, a hedge fund founded in 1982. During the third quarter, he trimmed or exited the following positions:

Klarman's largest sale of the quarter was Qualcomm Inc. (QCOM). The position was closed, impacting the portfolio by -3.31%.

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The semiconductor chip manufacturer has a market cap of $100.45 billion and an enterprise value of $85.03 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity (ROE) of 7.88% and return on assets (ROA)

233 Views    Tiziano Frateschi    2017-11-30 21:17
Determining if Avis is a suitable investment

Avis Budget Group (CAR), the $2.8 billion New Jersey-based rental and leasing services company, reported a (-)1.1% revenue decline to $4 billion and hefty losses of $104 million in the first half compared to $15 million losses a year earlier.

Overall operating expenses increased by 2% resulting to higher losses in the period. Under its operating expenses, Avis recorded 10.7% higher net vehicle depreciation and leasing charges to $1.1 billion and 2.25 times higher restructuring and other related charges to $45 million.

Avis also provided its fiscal year 2017 guidance figures. Among the figures provided, the company expects revenue in

103 Views    Mark Yu    2017-08-24 14:18
Second quarter portfolio is reported

Seth Klarman (Trades, Portfolio), a much-followed value investor, said Friday evening that he had purchased three positions in the latest second quarter, according to a filing.

Klarman runs Boston-based Baupost Group where he oversees $30 billion and looks for underpriced companies. As one of his primary tenets of investing and the name of his book, margin of safety must be inherent in each stock.

In a recent letter, reported by The New York Times, Klarman expressed his concern about how Trump’s shoot-from-the-hip oratorical style might roil markets.

“’The big picture for investors is this: Trump is high

1157 Views    Holly LaFon    2017-08-11 22:17
Vehicle rental company is a holding of FPA International

Northgate PLC (LSE:NTG) is a U.K.-based "vehicle hire" or auto rental agency. The company is very profitable, and the stock is pretty cheap, trading at a price-earnings (P/E) ratio of 12 with a 3% dividend.

The stock trades for 5.565 Â pounds ($6.94) in London, there are 131.7 million shares, and the market cap is 733 million pounds. It takes $1.25 to buy one pound. Trailing earnings per share are 46 pence, and the stock trades at a P/E ratio of 12. Cheap! The dividend is 17 pence, and the stock yields 3%. Again, cheap.

The trailing 12-month revenues are

81 Views    Holmes Osborne, CFA    2017-03-23 19:26
Guru reports quarterly portfolio

Seth Klarman (Trades, Portfolio), value investor and portfolio manager of the Baupost Group, invests in an eclectic variety of investments from traditional equities to more esoteric investments, including distressed debt, liquidations and bonds.

Occasionally, the Baupost Group manager will abstain from investing and simply hold cash. During the third quarter, Klarman removed four positions from his portfolio: EMC Corp. (EMC), Citigroup Inc. (C), Avis Budget Group Inc. (CAR) and SunEdison Semiconductor Corp. (SEMI).

EMC

Klarman sold all 56,961,725 shares of EMC at an average price of $28.27 per share. With this transaction, the guru

2102 Views    James Li    2016-11-16 18:32
Firm's largest 2nd quarter buys

RS Investment Management (Trades, Portfolio) is a privately held San Francisco-based investment firm providing services for pension and profit sharing plans, pooled investment vehicles, corporations and banks. During the second quarter, the firm's largest buys are as follows:

The firm acquired 709,503 shares in Integra Lifesciences Holdings Corp. (IART) with an impact of 0.58% on the portfolio.

The company is engaged in the development, manufacturing and marketing of cost-effective surgical implants and medical instruments. During the second quarter, revenue increased 17.2% over the prior-year quarter and organic revenue increased 10.7%. The company reported 6.1% increase for

1052 Views    Tiziano Frateschi    2016-09-15 19:51
The guru's top 3 new holdings

Seth Klarman (Trades, Portfolio) of The Baupost Group acquired three new holdings in the second quarter –Â Citigroup Inc. (C), Liberty Interactive Corp. (LVNTA) and Avis Budget Group Inc. (CAR).

Citigroup

In Citigroup, Klarman purchased 5,167,000 shares for an average price of $44.22 per share. The transaction had an impact of 2.99% on the portfolio.

Citigroup, a financial services company, has a market cap of $134.7 billion with an enterprise value of $230.9 billion. Its price-earnings (P/E) ratio is 9.8, and its forward P/E is 9.9. Its price-book (P/B) ratio is 0.6, and its price-sales (P/S) ratio

1272 Views    Sydnee Gatewood    2016-08-16 14:37
Stock is down 60% in the last 52 weeks, making a nice buying opportunity

Despite being only one of 666 (ominous) holdings in Steven Cohen’s family office portfolio, the low price multiple, and recent gap down in market value has made the company’s stock possibly worth buying under $24.

Just a year ago, the stock was trading in the low 60s, having turned the corner financially with many analysts estimating earnings to reach $3.60 by the end of next year. However, just a small multiple expansion to 10x from 8x would mean 50% gains for investors.

Company

Avis Budget Group Inc. (CAR) is a leading global provider of vehicle rental services,

1540 Views    Jonathan Poland    2016-02-26 22:41
Stock selections based on low PE, growth at a reasonable price and significant insider activity

When looking for stocks, I focus on standard criteria such as low price to earnings multiples, growth at a reasonable price and significant insider activity. Three stocks that recently flagged up as possible candidates are Avis (CAR), Toll Brothers (TOL) and American Eagle Outfitters (AEO).

Potential value stock

Avis' stock price was down 50% in 2015 and is trading on a PE of 11.21, which looks very much like a potential value stock. The lowly valuation is due to market disappointment that consolidation in the industry has failed to enable oligopolistic pricing, and concerns about increasing competition from car

2417 Views    ABN    2016-01-03 18:58
Company exited its positions in PPG Industries, Avis Budget Group, Hertz Global Holdings

First Eagle Investment (Trades, Portfolio) Management, LLC is an independent company with approximately $90 billion in assets under management. Following are the stocks that the fund sold out during the third quarter.

The fund has exited its position in PPG Industries Inc. (PPG). It had held 2,286,645 shares. The position got established in Q4 2014 at an average price of $103.71 per share and in the second quarter the position saw an increase of 121.92%. In this quarter the stock sold out at a price below its purchase price at $101.76.

PPG Industries has a market

1126 Views    Samira Meskini    2015-11-24 17:02
Guru finding deep value 'extraordinarily cheap'

Arnold Schneider (Trades, Portfolio) has 41.9% of his portfolio invested in financial services stocks, but a 17.9% chunk in energy, which contributed to underperformance in the third quarter. None of the seven new positions he started during the quarter are from the sector, however, his updated portfolio released today shows. A deep value investor, he did not increase his exposure to the sector and sees copious opportunity elsewhere in the current market environment:

“Given valuations that are almost as cheap in the non-energy portfolio, our overall portfolio upside is over two times our long term average upside

2359 Views    Holly LaFon    2015-11-12 21:56
Larry Robbins buys $100.65 million worth of Florida-based company

On Aug. 25, Larry Robbins (Trades, Portfolio) of Glenview Capital Management made a substantial investment in Hertz Global Holdings, Inc. (HTZ) buying 6.13 million shares for approximately $100.65 million. Robbins is Glenview Capital Management’s founder and lead portfolio manager. His hedge fund currently manages $25.2 billion in equity investments.

His Aug. 25 stock buy increased his ownership of Hertz’s outstanding shares to 5.17%. Hertz is a consumer services travel and leisure company focused on the car rental business. The company manages car rental brands Hertz, Dollar, Thrifty and Firefly. The Florida-based company has a market cap of

2208 Views    Julie Young    2015-09-08 15:22

Quarterly Commentary and Outlook

In the second quarter of 2015, Fund of America delivered a positive return, modestly ahead of the broader market (S&P 500 Index) as well as the most commonly referenced mid cap indices.

Consistent with our view that the market is in a period of consolidation, equity markets in the first half of the year have been buffeted by myriad of macro headwinds and generally have been flat to slightly up. We continue to believe that macro issues (Greek debt, China’s faltering economy and equity volatility, the Russia/Ukraine conflict, and Middle East violence) could weigh on the

1222 Views    Holly LaFon    2015-08-03 19:24

Andreas Halvorsen (Trades, Portfolio) is a founding partner of Viking Global Investors LP and currently serves as its CIO. Viking was formed in 1999 and is based in Greenwich, Connecticut. Viking manages two hedge funds invested in equities worldwide.

His portfolio has a total value of $25,811 million and on May he increased his already big stake in Avis Budget Group Inc (CAR). He increased his stake by 56.17% reaching a total of 4,415,339 shares that is 4.17% of shares outstanding of the company and the 0.91% of total assets of his portfolio. With this buy

872 Views    Tiziano Frateschi    2015-05-28 19:59

Avis (CAR) picked up an envious gain of close to 8.5 percent on Friday as the investors were optimistic about the prospects of the company as a result of Hertz’s (HTZ) price increase announcement. Besides the announcement that Hertz will increase the prices by 5 percent across the board starting in June, the decision to close down 200-off airport locations also created enthusiasm among Avis investors. Let us understand if these amenable industry conditions coupled with company’s strengths make it a good pick.

A glance into past numbers

In the first quarter of 2015, the company reported flat revenue year-over-year

491 Views    Sonal Mehta    2015-05-18 22:14

Whitney Tilson (Trades, Portfolio), currently well-known for his short of embattled Lumber Liquidators (LL), sold off one of his holdings and didn’t initiate any new positions during the first three months of 2015, according to GuruFocus Real Time Picks.

Tilson is the founder and managing partner of Kase Capital Management, which manages three hedge funds. He also co-founded an investment newsletter called Value Investor Insight, as well as a bi-annual investing conference called Value Investing Congress.

During the first quarter, the fund gained 0.5%, outperforming the S&P 500’s loss of 1.6%. Year-to-date, the fund returned 2.5%

1241 Views    Sheila Dang    2015-05-07 20:24

Avis Budget (CAR) witnessed advantages from Phase 1 of its combined demand fleet pricing system and gained added benefits from its Zipcar, Payless and Avis Europe acquisitions.

Creating value

Avis strategically allocated its capital and bought back 60 million of its shares during the third quarter and repurchased 70 million more shares during October, making its net share purchases $280 million. Avis has developed an investor-friendly management and expanded its share repurchase authorization by an extra $200 million to illustrate its solid business health for long-term growth and gain the required capacity.

The key acquisitions and strategic share repurchases depicts

1792 Views    thriftyinvestments    2015-04-22 21:38

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2020-10-22 $ 38.12 (1.95%)
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