Last €51.72 EUR
Change Today -0.213 / -0.41%
Volume 70.0
CUCA On Other Exchanges
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As of 10:28 AM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

avis budget group inc (CUCA) Snapshot

Open
€52.07
Previous Close
€51.93
Day High
€52.22
Day Low
€51.72
52 Week High
08/19/14 - €52.45
52 Week Low
09/27/13 - €20.23
Market Cap
5.4B
Average Volume 10 Days
229.8
EPS TTM
--
Shares Outstanding
104.0M
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 Lands Exclusive Partnership with Seaborne Airlines

Avis Budget Group, Inc. and Seaborne Airlines have signed an exclusive, multi-year partnership agreement. Under the new agreement, Seaborne Airlines customers will have convenient access to vehicles from Avis Car Rental, Budget Car Rental and Payless Car Rental. Business and leisure travelers visiting the Seaborne Airlines website will have the ability to make an Avis, Budget or Payless reservation as a stand-alone car rental booking or by adding a vehicle rental to an existing flight booking.

Avis Budget Group, Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year 2014 and 2015

Avis Budget Group, Inc. reported consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net revenues of $2,194 million compared to $2,002 million a year ago. Income before income taxes was $48 million compared to loss before income taxes of $38 million a year ago. Net income was $26 million or $0.24 per diluted share compared to net loss of $28 million or $0.26 per diluted share a year ago. Adjusted EBITDA was $213 million compared to $179 million a year ago primarily due to higher rental volumes and increased year-over-year pricing in North America. For the six months, the company reported net revenues of $4,056 million compared to $3,693 million a year ago. Income before income taxes was $53 million compared to loss before income taxes of $95 million a year ago. Net income was $30 million or $0.28 per diluted share compared to net loss of $74 million or $0.69 per diluted share a year ago. Net cash provided by operating activities was $1,011 million. Free cash flow was $110 million. Adjusted EBITDA was $330 million compared to $272 million a year ago. The company increased its full-year 2014 projections of revenue, adjusted EBITDA and earnings per share. The company now expects full-year 2014 revenue will be approximately $8.6 billion to $8.7 billion, an 8% to 10% increase compared to 2013. Adjusted EBITDA will increase 12% to 18%, to approximately $860 million to $910 million. Interest expense related to corporate debt will be approximately $210 million, a reduction of $18 million compared to 2013. 2014 non-vehicle depreciation and amortization expense (excluding the amortization of intangible assets related to acquisitions) will be approximately $150 million. Pretax income will be approximately $500 million to $550 million, excluding certain items. Effective tax rate in 2014 will be approximately 38%, excluding certain items. Based on these expectations, the company estimates that its 2014 diluted earnings per share, excluding certain items, will increase 25% to 39% compared to 2013, to $2.75 to $3.05. The company expects $200 million in capital expenditures in 2014. The company now expects its free cash flow to be approximately $425 million this year. The company also continues to target $1 billion or more of adjusted EBITDA in 2015.

Avis Budget Group, Inc., Q2 2014 Earnings Call, Aug 05, 2014

Avis Budget Group, Inc., Q2 2014 Earnings Call, Aug 05, 2014

 

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Industry Analysis

CUCA

Industry Average

Valuation CUCA Industry Range
Price/Earnings 65.1x
Price/Sales 0.9x
Price/Book 10.8x
Price/Cash Flow 25.0x
TEV/Sales NM Not Meaningful
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