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CAR Stock Price Correlated With Avis Budget Financials

CAR Stock Price vs. Quarterly
CAR
Income Statement
Cash Flow
Balance Sheet

CAR Income Statement

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Revenue, Net:
Revenue Per Share:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
Total Operating Expenses:
Operating Income:
Income Taxes:
Net Income:
Earnings Per Share, Diluted:
Earnings Per Share, Basic:
Shares Outstanding, Basic Avg:
Shares Outstanding, Diluted Avg:
Common Stock Shares Outstanding:

CAR Cash Flow

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Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
Net Cash from Operations:
Net Cash from Operations Per Share:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
Cash Dividends Paid:
Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:

CAR Balance Sheet

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Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Inventories:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
Current Portion of Long-Term Debt:
Total Short-Term Liabilities:
Long Term Debt, Non-Current Portion:
Total Long-Term Liabilities:
Total Liabilities:

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Srs Investment Management
18,430,882 sh
 
$4,214,590
FMR
5,359,027 sh
-50,433 sh
-1%
$1,225,450
$171,687
Blackrock.
2,191,461 sh
2,168,561 sh
9470%
$501,121
-$3,252,876
Vanguard Group
2,009,253 sh
-33,337 sh
-2%
$459,456
$61,560
Nomura Holdings
1,733,635 sh
198,911 sh
13%
$396,430
$97,465
State Street
730,236 sh
-64,760 sh
-8%
$166,983
$12,119
Par Capital Management
508,114 sh
35,914 sh
8%
$116,190
$24,205
Susquehanna International Group,
Put options for 459,700 sh
459,700 sh
NEW
$105,120
$105,120
Citadel Advisors
Call options for 425,000 sh
425,000 sh
NEW
$97,185
$97,185
Citadel Advisors
Put options for 412,900 sh
412,900 sh
NEW
$94,418
$94,418
Toronto Dominion Bank
405,000 sh
-260,000 sh
-39%
$93
-$36
Geode Capital Management
366,123 sh
-16,984 sh
-4%
$83,721
$9,092
Hudson Bay Capital Management Lp
350,000 sh
 
$80,035
Hudson Bay Capital Management Lp
Put options for 350,000 sh
350,000 sh
NEW
$80,035
$80,035
Susquehanna International Group,
Call options for 336,900 sh
336,900 sh
NEW
$77,039
$77,039
Arrowstreet Capital, Limited Partnership
292,895 sh
-38,042 sh
-11%
$67
$3
Bank Of New York Mellon
280,706 sh
-37,029 sh
-12%
$64,189
$2,294
Dimensional Fund Advisors
270,076 sh
-153,976 sh
-36%
$61,761
-$1,188
Massachusetts Financial Services /Ma/
221,122 sh
221,122 sh
NEW
$50,564
$50,564
Two Sigma Advisers, Lp
203,000 sh
-118,200 sh
-37%
$46,420
-$16,150
COMPANY PROFILE
Basis of Presentation Avis Budget Group, Inc. provides mobility solutions to businesses and consumers worldwide. The accompanying Consolidated Financial Statements include the accounts and transactions of Avis Budget Group, Inc. and its subsidiaries, as well as entities in which Avis Budget Group, Inc. directly or indirectly has a controlling financial interest (collectively, “we”, “our”, “us”, or the “Company”).

We operate the following reportable business segments:

• Americas —consisting primarily of (i) vehicle rental operations in North America, South America, Central America and the Caribbean, (ii) car sharing operations in certain of these markets, and (iii) licensees in the areas in which we do not operate directly.

• International —consisting primarily of (i) vehicle rental operations in Europe, the Middle East, Africa, Asia and Australasia, (ii) car sharing operations in certain of these markets, and (iii) licensees in the areas in which we do not operate directly.

We have completed the business acquisitions discussed in Note 6 to these Consolidated Financial Statements. The operating results of the acquired businesses are included in the accompanying Consolidated Financial Statements from the dates of acquisition.

We present separately the financial data of our vehicle programs. These programs are distinct from our other activities since the assets under vehicle programs are generally funded through the issuance of debt that is collateralized by such assets. The income generated by these assets is used, in part, to repay the principal and interest associated with the debt. Cash inflows and outflows relating to the acquisition of such assets and the principal debt repayment or financing of such assets are classified as activities of our vehicle programs. We believe it is appropriate to segregate the financial data of our vehicle programs because, ultimately, the source of repayment of such debt is the realization of such assets.

Liquidity and Management’s Plans

The COVID-19 pandemic, which rapidly spread across the globe in 2020, resulted in an economic slowdown and significant disruptions in travel that had a negative impact on our business, specifically a significant decline in vehicle rental volumes. During the year ended December 31, 2021, global travel restrictions were eased, leading to an increase in travel demand and an improvement in general economic conditions. We believe the full extent of the ongoing impact of this virus on our long-term operational performance and liquidity will depend on future developments, including those outside of our control, such as the spread of new variants of the virus which may be resistant to currently approved vaccines and the implementation of new or continued travel restrictions.

In April 2020, we entered into an amendment (the “Amendment”) to our senior credit facilities, consisting of an approximate ly $1.2 billion term loan maturing in 2027 and a $1.8 billion revolving credit facility maturing in 2023, which remain in place after the Amendment. The Amendment provided for relief from a quarterly-tested leverage covenant contained in the credit agreement governing the senior credit facilities until June 30, 2021, during which time additional restrictions and requirements were also imposed. We subsequently further amended the credit agreement in February 2021 to permit refinancing of certain existing indebtedness and in July 2021 to remove the restrictions imposed in April 2020, increase the revolving credit facility to $1.95 billion and extend the maturity of the facility to 2026. As a result, we have no meaningful corporate debt maturities until 2024.

Free historical financial statements for Avis Budget Group Inc. See how revenue, income, cash flow, and balance sheet financials have changed over 50 quarters since 2011. Compare with CAR stock chart to see long term trends.

Data imported from Avis Budget Group Inc SEC filings. Check original filings before making any investment decision.