Last €48.38 EUR
Change Today +0.197 / 0.41%
Volume 280.0
CUCA On Other Exchanges
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As of 2:04 AM 11/27/14 All times are local (Market data is delayed by at least 15 minutes).

avis budget group inc (CUCA) Snapshot

Open
€48.64
Previous Close
€48.18
Day High
€48.80
Day Low
€48.38
52 Week High
08/25/14 - €52.90
52 Week Low
12/16/13 - €25.80
Market Cap
5.1B
Average Volume 10 Days
32.6
EPS TTM
--
Shares Outstanding
106.2M
EX-Date
05/19/06
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for AVIS BUDGET GROUP INC (CUCA)

avis budget group inc (CUCA) Details

Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers worldwide. The company has three segments: North America, International, and Truck Rental. It operates the Avis car rental system with approximately 5,450 locations, that supply rental cars to the premium commercial and leisure segments of the travel industry; the Budget vehicle rental system with approximately 3,350 car rental locations, which serve the value-conscious segments of the industry; Zipcar, a membership-based car sharing network that provides vehicles to approximately 860,000 members; and the Payless brand, which comprises approximately 125 vehicle rental locations, as well as operates Apex brand primarily in the deep-value segment of the car rental industry with approximately 19 rental locations. The company also operates local and one-way truck rental businesses with a fleet of approximately 23,000 trucks, which are rented through a network of approximately 1,300 dealers and 350 company-operated locations that serve the consumer and light commercial sectors. In addition, it provides a range of optional insurance products and coverages, such as supplemental liability insurance, personal accident insurance, personal effects protection, physical damage waivers, automobile towing protection, and cargo insurance. Avis Budget Group, Inc. was founded in 1946 and is headquartered in Parsippany, New Jersey.

22,000 Employees
Last Reported Date: 02/21/14
Founded in 1946

avis budget group inc (CUCA) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.2M
Global Chief Financial Officer and Senior Exe...
Total Annual Compensation: $680.8K
President of Europe, Middle East and Africa
Total Annual Compensation: $680.8K
President of North America
Total Annual Compensation: $680.8K
President of Latin America/Asia-Pacific
Total Annual Compensation: $516.2K
Compensation as of Fiscal Year 2013.

avis budget group inc (CUCA) Key Developments

Avis Budget Group, Inc. Presents at Barclays Global Automotive Conference, Nov-20-2014 09:10 AM

Avis Budget Group, Inc. Presents at Barclays Global Automotive Conference, Nov-20-2014 09:10 AM. Venue: Barclays Headquarters, New York, New York, United States. Speakers: Ronald L. Nelson, Chairman, Chief Executive Officer, President, Chief Operating Officer and Chairman of Executive Committee.

Avis Budget Group, Inc. Presents at Northcoast Fall Management Forum, Nov-05-2014

Avis Budget Group, Inc. Presents at Northcoast Fall Management Forum, Nov-05-2014 . Venue: Grand Hyatt Hote, New York, New York, United States.

Avis Budget Group, Inc. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Full Year of 2014 and 2015

Avis Budget Group, Inc. reported consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported net revenues of $2,542 million compared to $2,395 million a year ago. Income before income taxes was $306 million compared to $230 million a year ago. Net income was $192 million or $1.74 per diluted share compared to $118 million or $1.02 per diluted share a year ago. Non-GAAP adjusted EBITDA was $417 million against $383 million a year ago. Non-GAAP Income before income taxes was $329 million against $293 million a year ago. Non-GAAP net income was $209 or $1.91 per diluted share million against $171 million or $1.48 per diluted share a year ago. Revenue increased 6% in third quarter 2014 compared to third quarter 2013 primarily due to a 6% increase in rental days and increased pricing in North America. Third quarter Adjusted EBITDA increased 9% to million, primarily due to higher rental volumes and increased year-over-year pricing in North America, partially offset by higher fleet costs. For nine months, the company reported net revenues of $6,598 million compared to $6,087 million a year ago. Income before income taxes was $359 million compared to $135 million a year ago. Net income was $222 million or $200 per diluted share compared to $44 million or $0.39 per diluted share a year ago. Non-GAAP adjusted EBITDA was $747 million against $654 million a year ago. Non-GAAP Income before income taxes was $477 million against $92 million a year ago. Non-GAAP net income was $302 or $2.73 per diluted share million against $238 million or $2.05 per diluted share year ago. Net cash provided by operating activities was $2,067 million. Free cash flow was $384 million. Capital expenditures were $130,000. The company provided earnings guidance for the full year of 2014. The company expects revenue to be approximately $8.5 billion, a roughly 7% increase compared to 2013. In the Company's North America segment, rental days are expected to increase 6% to 7%, and pricing is expected to increase 2% to 3% in constant currency in 2014. Movements in currency exchange rates have reduced the Company's projected 2014 revenue by nearly $75 million over the last three months. Adjusted EBITDA will increase 12% to 15%, to approximately $860 million to $885 million. Pretax income will be approximately $500 million to $525 million, excluding certain items. Its effective tax rate in 2014 will be approximately 37%, excluding certain items, and its diluted share count will be 110 to 111 million, including the effect of repurchasing $300 million to $330 million of outstanding shares in 2014. The company estimates that its 2014 diluted earnings per share, excluding certain items, will increase 28% to 36% compared to 2013, to $2.82 to $3.00. The company estimate nonfleet capital expenditures to total around $190 million in 2014. The company expects free cash flow to be approximately $415 million. The company also continues to target $1 billion or more of Adjusted EBITDA in 2015.

 

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Industry Analysis

CUCA

Industry Average

Valuation CUCA Industry Range
Price/Earnings 34.4x
Price/Sales 0.8x
Price/Book 8.8x
Price/Cash Flow 17.9x
TEV/Sales NM Not Meaningful
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