Avis (CAR)

• Market cap: $2.85B
• 1 day: 0.05%
• 5 days: -11.08%
• 1 month: -18.25%
• 3 months: -5.73%
• 6 months: -27.55%
• Year to date: -53.90%
• 1 year: -54.63%
• 5 years: 146.21%
• 10 years: 38.07%
• Sector: Consumer Discretionary
• Industry: Auto Rental & Leasing, without Drivers

About: Avis Budget Group Inc is a provider of automotive vehicle rental and car-sharing services. Its brands include Avis, Budget, and Zipcar. Avis is targeted to serve the premium commercial and leisure segments of the travel industry, while Budget is focused on value-conscious customers. The company operates its own network of rental locations and licenses its brands to franchisees. Zipcar is a car-sharing service that allows members to use the company-owned Zipcar fleet at an hourly rate. The company's largest region by revenue is the Americas.

Employees: 31,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

2% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 46

0.95% more ownership

Funds ownership: 99.44% [Q2] → 100.39% (+0.95%) [Q3]

0% more funds holding

Funds holding: 266 [Q2] → 267 (+1) [Q3]

1% less repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 90

17% less capital invested

Capital invested by funds: $3.71B [Q2] → $3.09B (-$614M) [Q3]

39% less call options, than puts

Call options by funds: $134M | Put options by funds: $218M

50% less funds holding in top 10

Funds holding in top 10: 8 [Q2] → 4 (-4) [Q3]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $95 17% upside
• Avg. target: $129 60% upside
• High target: $150 85% upside

3 analyst ratings

• positive: 2 67%
• neutral: 1 33%
• negative: 0 0%

Goldman Sachs Lizzie Dove 54% 1-year accuracy 14 / 26 met price target	17% upside $95	Neutral Maintained	10 Dec 2024
Deutsche Bank Chris Woronka 67% 1-year accuracy 8 / 12 met price target	77% upside $143	Buy Maintained	5 Nov 2024
JP Morgan Ryan Brinkman 29% 1-year accuracy 12 / 41 met price target	85% upside $150	Overweight Maintained	4 Nov 2024