Avis Budget Group, Inc.
Description
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, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 19,000 vehicles, which are rented through a network of dealer-operated and company-operated locations that serve the light commercial and consumer sectors in the continental United States. 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. In addition, it offers optional insurance products and coverages, such as supplemental liability, personal accident, personal effects protection, emergency sickness protection, automobile towing protection, and cargo insurance products; fuel service options, roadside assistance services, electronic toll collection services; and access to satellite radio, mobile WiFi devices, GPS navigation, and child safety seat rentals; automobile towing equipment and other moving accessories, such as hand trucks, furniture pads, and moving supplies; and Avis Budget Group Business Intelligence, an online portal complete with rental summary dashboards, visualizations, and detailed reports. 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.
About
CEO
Mr. Joseph A. Ferraro
Employees
18,000
Instrument type
Common Stock
Sector
Industrials
Industry
Rental & Leasing Services
MIC code
XNGS
Address
379 Interpace Parkway, Parsippany, NJ 07054, United States
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![Enlarged Chart]()
Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 29, 2025 | — | — | — | — |
| Aug 4, 2025 | — | — | — | — |
| Apr 29, 2025 | — | — | — | — |
| Feb 10, 2025 | -0.50 | — | — | — |
| Nov 1, 2024 | 8.18 | 6.65 | -1.53 | -18.70% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 2 | — | 5 |
| Average estimate | — | -3.36 | — | 10.04 |
| Low estimate | — | -4.18 | — | 6.62 |
| High estimate | — | -2.54 | — | 13.71 |
| Last year EPS | — | -3.21 | — | 3.10 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-109.630%
Next qtr. (Mar 2025)
-21.460%
Current year
-88.420%
Next year (Dec 2025)
98.500%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 12.66B | 13.01B | 9.67B | 5.56B | 9.25B |
| Cost of revenue | 3.13B | 2.25B | 1.87B | 1.84B | 2.49B |
| Gross profit | 9.53B | 10.76B | 7.80B | 3.72B | 6.77B |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 1.41B | 1.35B | 1.15B | 703.00M | 1.24B |
| Other operating expenses | 5.68B | 5.29B | 4.26B | 3.32B | 4.70B |
| Operating income | 2.23B | 3.91B | 2.13B | -595.00M | 567.00M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 296.00M | 250.00M | 218.00M | 231.00M | 178.00M |
| Other income expense | -24.00M | -20.00M | -205.00M | -130.00M | -102.00M |
| Pretax income | 1.91B | 3.64B | 1.71B | -956.00M | 287.00M |
| Tax provision | 279.00M | 880.00M | 425.00M | -272.00M | -15.00M |
| Net income | 1.64B | 2.76B | 1.28B | -684.00M | 302.00M |
| Basic EPS | 42.57 | 58.41 | 19.79 | -9.71 | 4.01 |
| Diluted EPS | 42.08 | 57.16 | 19.44 | -9.71 | 3.98 |
| Basic average shares | 38.30M | 47.30M | 64.90M | 70.50M | 75.20M |
| Diluted average shares | 38.30M | 47.30M | 64.90M | 70.50M | 75.20M |
| EBITDA | 5.68B | 6.72B | 4.61B | 1.97B | 3.71B |
| Net income from continuing op. | 1.64B | 2.76B | 1.28B | -684.00M | 302.00M |
| Minority interests | -3.00M | 8.00M | 2.00M | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 32.57B | 25.93B | 22.60B | 17.54B | 23.13B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 555.00M | 570.00M | 534.00M | 692.00M | 686.00M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 900.00M | 810.00M | 775.00M | 647.00M | 911.00M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | 239.00M | 252.00M | 205.00M | 161.00M | 234.00M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | 280.00M | 337.00M |
| Hedging assets | — | — | — | — | — |
| Other current assets | 253.00M | 112.00M | 95.00M | 148.00M | 141.00M |
| Non current assets | |||||
| Properties | 2.65B | 2.41B | 2.37B | 2.56B | 2.60B |
| Land and improvements | 61.00M | 59.00M | 50.00M | 49.00M | 48.00M |
| Machinery furniture equipment | 24.64B | 19.23B | 16.05B | 10.63B | 14.74B |
| Construction in progress | 154.00M | 89.00M | 84.00M | 60.00M | 180.00M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -4.20B | -3.65B | -3.47B | -2.80B | -2.90B |
| Goodwill | 2.87B | 2.81B | 2.94B | 3.05B | 3.00B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 670.00M | 666.00M | 724.00M | 774.00M | 798.00M |
| Investments and advances | 1.30B | 1.05B | 842.00M | 667.00M | 649.00M |
| Other non current assets | 3.48B | 2.61B | 2.47B | 2.08B | 3.21B |
| Total liabilities | 32.91B | 26.63B | 22.81B | 17.69B | 22.47B |
| Current liabilities | |||||
| Accounts payable | 487.00M | 466.00M | 407.00M | 394.00M | 378.00M |
| Accrued expenses | 464.00M | 473.00M | 411.00M | 239.00M | 386.00M |
| Short term debt | 608.00M | 582.00M | 515.00M | 533.00M | 498.00M |
| Deferred revenue | 168.00M | 188.00M | 185.00M | 70.00M | 125.00M |
| Tax payable | 251.00M | 246.00M | 313.00M | 215.00M | 223.00M |
| Pensions | — | — | — | — | — |
| Other current liabilities | 681.00M | 619.00M | 577.00M | 602.00M | 740.00M |
| Non current liabilities | |||||
| Long term debt | 25.85B | 20.34B | 17.29B | 13.13B | 16.62B |
| Provision for risks and charges | — | — | 2.00M | 3.00M | 12.00M |
| Deferred liabilities | 3.42B | 2.75B | 2.24B | 1.38B | 2.19B |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 990.00M | 962.00M | 869.00M | 1.13B | 1.42B |
| Shareholders equity | |||||
| Common stock | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Retained earnings | 3.85B | 2.58B | -185.00M | -1.47B | -785.00M |
| Other shareholders equity | -96.00M | -101.00M | -133.00M | -187.00M | -157.00M |
| Total shareholders equity | -343.00M | -700.00M | -209.00M | -155.00M | 656.00M |
| Additional paid in capital | 6.63B | 6.67B | 6.68B | 6.67B | 6.74B |
| Treasury stock | 10.74B | 9.85B | 6.58B | 5.17B | 5.14B |
| Minority interest | 6.00M | 3.00M | 11.00M | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||
| Net Income | 1.64B | 2.76B | 1.28B | -684.00M | 302.00M | 165.00M | 361.00M | 163.00M | 313.00M | 245.00M | 16.00M | 290.00M | -29.00M | 54.00M | -47.00M | -1.12B | -947.00M | -451.00M | -11.00M | 71.00M | 1.47B | 1.08B | 342.00M | 569.00M | -55.00M | 540.00M | 39.50M | 164.10M | 163.40M | 117.60M | 87.40M | 58.80M | 25.10M | 17.50M | 8.10M |
| Depreciation | 3.45B | 2.81B | 2.48B | 2.56B | 3.14B | 2.23B | 2.21B | 2.13B | 2.06B | 2.02B | 1.83B | 1.56B | 1.49B | 1.37B | 1.49B | 1.73B | 1.65B | 1.47B | 1.31B | 1.06B | 3.46B | 2.72B | 2.14B | 474.00M | 1.07B | 303.00M | 1.36B | 704.30M | 453.90M | 378.80M | 337.60M | 309.50M | 277.60M | 210.80M | 158.30M |
| Deferred Taxes | 191.00M | 682.00M | 378.00M | -317.00M | -103.00M | 14.00M | -192.00M | 51.00M | 58.00M | 65.00M | 37.00M | 128.00M | 32.00M | -20.00M | -60.00M | -241.00M | -57.00M | -200.00M | -170.00M | -224.00M | 453.00M | 438.00M | 418.00M | 59.00M | 252.00M | -254.00M | -23.80M | -36.00M | 16.30M | 4.40M | -1.20M | 4.40M | -5.60M | -900,000 | 1.10M |
| Stock-Based Compensation | 30.00M | 25.00M | 30.00M | 9.00M | 22.00M | 24.00M | 13.00M | 27.00M | 28.00M | 25.00M | 20.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -631.00M | -674.00M | -698.00M | -665.00M | -796.00M | 166.00M | 231.00M | 310.00M | 306.00M | 201.00M | 284.00M | 281.00M | 288.00M | 76.00M | 65.00M | 63.00M | -38.00M | -143.00M | -39.00M | -86.00M | 200.00M | 39.00M | -150.00M | -221.00M | -243.00M | -54.00M | -54.90M | -900,000 | -14.20M | -5.70M | -100,000 | 100,000 | 100,000 | -198.80M | 7.40M |
| Accounts Receivable | -43.00M | -97.00M | -143.00M | 115.00M | 10.00M | -44.00M | -59.00M | -65.00M | -42.00M | -60.00M | -66.00M | -65.00M | 29.00M | -20.00M | 52.00M | 50.00M | -6.00M | -33.00M | -14.00M | -2.00M | 32.00M | -74.00M | 10.00M | 198.00M | -193.00M | -129.00M | -95.60M | -106.30M | -68.00M | -34.70M | -23.50M | -18.80M | -31.90M | -24.70M | -8.40M |
| Accounts Payable | -72.00M | 217.00M | 414.00M | -181.00M | 84.00M | 48.00M | 49.00M | 2.00M | -36.00M | -3.00M | -28.00M | -28.00M | 20.00M | 108.00M | -19.00M | -40.00M | -120.00M | -87.00M | -4.00M | -106.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -81.00M | -873.00M | -829.00M | -935.00M | -986.00M | 35.00M | -16.00M | 5.00M | -18.00M | 37.00M | -14.00M | -183.00M | -18.00M | -104.00M | 10.00M | 7.00M | 38.00M | -602.00M | -151.00M | 155.00M | 396.00M | -3.01B | -556.00M | 206.00M | -827.00M | -277.70M | -338.00M | -19.20M | -47.60M | -24.50M | -20.40M | -1.40M | -12.10M | -9.60M | -3.70M |
| Operating Cash Flow | 4.48B | 4.85B | 2.92B | -97.00M | 1.68B | 2.64B | 2.59B | 2.62B | 2.66B | 2.53B | 2.08B | 1.99B | 1.81B | 1.46B | 1.49B | 442.00M | 519.00M | -49.00M | 918.00M | 864.00M | 6.01B | 1.19B | 2.20B | 1.29B | 3.00M | 128.30M | 886.80M | 706.00M | 503.80M | 435.90M | 379.80M | 352.60M | 253.20M | -5.70M | 162.80M |
| Investing Activities | |||||||||||||||||||||||||||||||||||
| Capital Expenditures | -7.06B | -4.13B | -6.09B | 3.26B | -2.68B | -3.17B | -2.14B | -2.15B | -2.45B | -2.39B | -1.64B | -2.00B | -1.53B | -1.77B | 330.00M | -1.97B | -1.86B | -653.00M | -2.49B | -1.61B | -463.00M | 752.00M | -220.00M | -188.00M | 3.23B | -17.00M | -498.70M | -59.70M | -30.20M | -17.60M | -9.10M | -4.60M | -6.70M | -4.90M | -4.10M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | — | — | — | — | — | — | -2.00M | — | -88.00M | -60.00M | 4.05B | -2.09B | 778.00M | -327.00M | — | -2.76B | — | -205.00M | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -541.00M | -439.00M | -367.00M | -286.00M | -251.00M | -188.00M | -61.00M | — | — | — | — | — | -400.00M | -570.00M | — | — | -60.00M | — | — | — | -63.00M | -27.00M | -136.00M | -531.00M | -690.00M | -2.47B | -2.80B | -96.50M | — | — | — | — | — | — | — |
| Sale of Investments | 306.00M | 305.00M | 192.00M | 268.00M | 161.00M | 52.00M | — | — | — | — | — | — | 400.00M | 570.00M | — | — | 106.00M | — | 18.00M | 40.00M | 4.00M | 29.00M | 36.00M | 379.00M | 741.00M | 987.00M | 1.10B | 137.30M | — | — | — | — | — | — | — |
| Investing Cash Flow | -7.35B | -4.30B | -6.31B | 3.18B | -2.75B | -3.43B | -2.20B | -2.18B | -2.69B | -2.81B | -2.23B | -2.07B | -2.37B | -1.61B | 166.00M | -2.18B | -1.98B | 3.29B | -4.70B | -810.00M | -3.40B | -1.92B | -9.21B | -1.14B | 1.86B | -5.69B | -2.33B | -74.80M | -90.80M | -44.70M | -23.50M | -98.50M | -14.00M | -15.00M | -5.70M |
| Financing Activities | |||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 24.92B | 18.15B | 15.57B | 14.55B | 20.27B | 17.82B | 17.80B | 16.66B | 14.52B | 15.24B | 15.93B | 13.26B | 11.22B | 10.40B | 7.97B | 8.48B | 10.57B | 12.85B | 10.25B | 9.60B | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -20.04B | -15.18B | -11.41B | -18.45B | -19.86B | -16.90B | -17.87B | -16.67B | -13.95B | -14.73B | -15.72B | -12.99B | -10.59B | -9.84B | -9.26B | -8.07B | -10.28B | -16.91B | -9.19B | -11.09B | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -66.00M | 6.00M | -11.00M | -44.00M | -30.00M | -37.00M | -24.00M | -45.00M | -36.00M | -45.00M | -68.00M | -43.00M | -110.00M | -71.00M | -39.00M | -62.00M | -9.00M | -53.00M | -8.00M | -39.00M | -111.00M | -64.00M | -153.00M | 466.00M | -1.56B | 2.56B | — | -1.60M | 100,000 | — | — | -100,000 | — | — | -6.50M |
| Financing Cash Flow | 3.51B | -360.00M | 2.69B | -4.05B | 318.00M | 667.00M | -308.00M | -449.00M | 72.00M | 182.00M | 50.00M | 236.00M | 424.00M | 380.00M | -1.43B | 463.00M | 239.00M | -4.70B | -1.00B | -1.03B | -755.00M | -240.00M | 470.00M | 688.00M | -4.29B | 2.48B | -45.70M | 38.40M | 30.40M | 10.90M | 5.70M | 6.60M | -1.00M | -4.30M | -104.80M |
| Other Cash Details | |||||||||||||||||||||||||||||||||||
| End Cash Position | 644.00M | 642.00M | 626.00M | 765.00M | 900.00M | 735.00M | 901.00M | 720.00M | 717.00M | 624.00M | 693.00M | 606.00M | 534.00M | 911.00M | 482.00M | 258.00M | 214.00M | 172.00M | 546.00M | 163.00M | 840.00M | 126.00M | 1.94B | 856.00M | 1.16B | 1.00B | 67.00M | — | — | — | — | — | — | — | — |
| Income Tax Paid | 169.00M | 192.00M | 75.00M | 44.00M | 93.00M | 53.00M | 58.00M | 60.00M | 29.00M | 45.00M | 58.00M | 65.00M | 51.00M | 142.00M | 20.00M | 15.00M | 26.00M | 275.00M | 188.00M | 82.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 988.00M | 543.00M | 509.00M | 503.00M | 509.00M | 497.00M | 460.00M | 461.00M | 454.00M | 474.00M | 457.00M | 552.00M | 465.00M | 483.00M | 461.00M | 468.00M | 461.00M | 996.00M | 576.00M | 584.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | -11.63B | -6.03B | -6.67B | -4.80B | -10.55B | -10.21B | -9.09B | -10.01B | -9.50B | -9.48B | -8.80B | -9.31B | -7.15B | -6.45B | -5.32B | -6.99B | -9.01B | -11.19B | -10.36B | -9.71B | 6.74B | 932.00M | 2.58B | 1.23B | 2.76B | 110.00M | 490.30M | 200.90M | 93.80M | 80.00M | 118.20M | 113.00M | 28.00M | 35.50M | 37.10M |
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