Avis Budget (CAR)

2233516 Ontario, Inc. • AAA France Cars SAS • AB Canada Holdings II Partnership • AB Car Rental Services, Inc. • AB FleetCo SAS • AB Funding Pty Ltd. • AB Group • AB Luxembourg Holdings • AB Scotland Finance • ABG Car Services Holdings, LLC ...

IRS number

60918165

CAR stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$129.33

Low target

$95.00

High target

$150.00

Latest filings (excl ownership)

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8-K

Results of Operations and Financial Condition

Submission of Matters to a Vote of Security Holders

2 May 24

Results of Operations and Financial Condition

1 May 24

DEFA14A

Additional proxy soliciting materials

Entry into a Material Definitive Agreement

18 Mar 24

8-K

Entry into a Material Definitive Agreement

8 Mar 24

Transcripts

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CAR

Earnings call transcript

2024 Q3

1 Nov 24

CAR

Earnings call transcript

2024 Q1

2 May 24

CAR

Earnings call transcript

2023 Q4

13 Feb 24

CAR

Earnings call transcript

2023 Q3

2 Nov 23

CAR

Earnings call transcript

2023 Q2

1 Aug 23

CAR

Earnings call transcript

2023 Q2

1 Aug 23

CAR

Earnings call transcript

2023 Q1

2 May 23

CAR

Earnings call transcript

2022 Q4

14 Feb 23

CAR

Earnings call transcript

2022 Q3

1 Nov 22

CAR

Earnings call transcript

2022 Q2

2 Aug 22

Latest ownership filings

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Financial summary

Financial statements Chart CAR financial data

Quarter (USD)	Mar 24	Dec 23	Sep 23	Jun 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	599.00 mm	599.00 mm	599.00 mm	599.00 mm	599.00 mm	599.00 mm
Cash burn (monthly)	15.00 mm	2.50 mm	47.33 mm	(no burn)	(no burn)	(no burn)
Cash used (since last report)	131.36 mm	21.89 mm	414.52 mm	n/a	n/a	n/a
Cash remaining	467.64 mm	577.11 mm	184.48 mm	n/a	n/a	n/a
Runway (months of cash)	31.2	230.8	3.9	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Avis Budget earnings reports.

Institutional ownership, Q3 2024

CAR institutional ownership history Ownership history

98.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	276	273	+1.1%
Opened positions	48	51	-5.9%
Closed positions	45	43	+4.7%
Increased positions	88	85	+3.5%
Reduced positions	89	94	-5.3%

13F shares	Current	Prev Q	Change
Total value	3.06 tn	3.63 tn	-15.6%
Total shares	35.79 mm	35.02 mm	+2.2%
Total puts	2.27 mm	1.81 mm	+25.7%
Total calls	1.35 mm	1.36 mm	-0.5%
Total put/call ratio	1.7	1.3	+26.4%

Largest owners	Shares	Value	Change
SRS Investment Management	17.13 mm	$1.50 tn	0.0%
FMR	3.35 mm	$293.82 bn	+4.0%
BLK BlackRock	1.74 mm	$152.46 bn	NEW
Vanguard	1.59 mm	$139.45 bn	-1.0%
Par Capital Management	835.30 k	$73.16 bn	-1.7%
Rubric Capital Management	672.41 k	$58.90 bn	-2.6%
STT State Street	672.23 k	$58.88 bn	+2.5%
Glenview Capital Management	666.93 k	$58.42 bn	+25.9%
Massachusetts Financial Services	592.34 k	$51.88 bn	+0.4%
Amundi	514.22 k	$45.13 bn	+2039.7%

Largest transactions	Shares	Bought/sold	Change
BLK BlackRock	0.00	-1.76 mm	EXIT
BLK BlackRock	1.74 mm	+1.74 mm	NEW
Amundi	514.22 k	+490.19 k	+2039.7%
International Assets Investment Management	481.04 k	+478.55 k	+19203.5%
Pentwater Capital Management	477.00 k	+307.00 k	+180.6%
NMR Nomura	432.00 k	+273.55 k	+172.6%
Intrinsic Edge Capital Management	0.00	-227.07 k	EXIT
JPM JPMorgan Chase & Co.	347.41 k	-208.75 k	-37.5%
Glenview Capital Management	666.93 k	+137.10 k	+25.9%
FMR	3.35 mm	+129.81 k	+4.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

CAR insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
26 Jul 24	Ravi Simhambhatla	Common Stock	Payment of exercise	Dispose F	No	No	104.74	7,871	824.41 k	11,318
26 Jul 24	Ravi Simhambhatla	Common Stock	Option exercise	Acquire M	No	No	0	18,324	0.00	19,189
26 Jul 24	Ravi Simhambhatla	Dividend Equivalent Units Common Stock	Option exercise	Dispose M	No	No	0	940	0.00	1,216
26 Jul 24	Ravi Simhambhatla	RSU Common Stock	Option exercise	Dispose M	No	No	0	506	0.00	507
26 Jul 24	Ravi Simhambhatla	RSU Common Stock	Option exercise	Dispose M	No	No	0	16,878	0.00	16,878
30 Jun 24	Bernardo Hees	Common Stock	Payment of exercise	Dispose F	Yes	No	104.52	4,640	484.97 k	510,436
30 Jun 24	Bernardo Hees	Common Stock	Option exercise	Acquire M	Yes	No	0	10,095	0.00	515,076
30 Jun 24	Bernardo Hees	Dividend Equivalent Units Common Stock	Option exercise	Dispose M	No	No	0	518	0.00	1,073
30 Jun 24	Bernardo Hees	RSU Common Stock	Option exercise	Dispose M	No	No	0	9,577	0.00	0
22 May 24	Bernardo Hees	Common Stock	Grant	Acquire A	Yes	No	113.65	673	76.49 k	2,280