Avis Budget (CAR)
Market Price (12/26/2025): $131.81 | Market Cap: $4.6 BilSector: Industrials | Industry: Passenger Ground Transportation
Avis Budget (CAR)
Market Price (12/26/2025): $131.81Market Cap: $4.6 BilSector: IndustrialsIndustry: Passenger Ground Transportation
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, CFO LTM is 3.6 Bil | Weak multi-year price returns2Y Excs Rtn is -74%, 3Y Excs Rtn is -101% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -3.0 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 0.0% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and E-commerce & Digital Retail. Themes include Travel & Leisure Tech, and Online Marketplaces. | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 604% | |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.6% | ||
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -87% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -49% | ||
| Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 16.45, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 23% | ||
| Key risksCAR key risks include [1] its significant debt levels and [2] a class-action lawsuit alleging misleading statements regarding a $2.3 billion impairment charge tied to fleet management. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, CFO LTM is 3.6 Bil |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and E-commerce & Digital Retail. Themes include Travel & Leisure Tech, and Online Marketplaces. |
| Weak multi-year price returns2Y Excs Rtn is -74%, 3Y Excs Rtn is -101% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -3.0 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 0.0% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 604% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.6% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -87% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -49% |
| Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 16.45, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 23% |
| Key risksCAR key risks include [1] its significant debt levels and [2] a class-action lawsuit alleging misleading statements regarding a $2.3 billion impairment charge tied to fleet management. |
Why The Stock Moved
Qualitative Assessment
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1. Sharp Decline in Net Income and Revenue Concerns: Avis Budget Group experienced a significant year-over-year decline in net income, reporting a 97% drop in Q2 2024 and a net loss in Q1 2024. Additionally, the company's revenues fell by 2.2% in the year leading up to August 2025, and analysts projected significantly lower growth for Avis Budget compared to the broader industry's forecast, contributing to a substantial downturn in stock value.2. Increased Vehicle Depreciation and Fleet Costs: The company faced considerable pressure from escalating vehicle depreciation and lease charges, which notably increased by $358 million in Q2 2024, coupled with losses from vehicle sales. High depreciation rates, particularly for electric vehicles, further impacted profitability and cash flow.
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Stock Movement Drivers
Fundamental Drivers
The -19.3% change in CAR stock from 9/25/2025 to 12/25/2025 was primarily driven by a -20.1% change in the company's P/S Multiple.| 9252025 | 12252025 | Change | |
|---|---|---|---|
| Stock Price ($) | 163.28 | 131.82 | -19.27% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 11290.00 | 11402.00 | 0.99% |
| P/S Multiple | 0.51 | 0.41 | -20.06% |
| Shares Outstanding (Mil) | 35.20 | 35.20 | 0.00% |
| Cumulative Contribution | -19.27% |
Market Drivers
9/25/2025 to 12/25/2025| Return | Correlation | |
|---|---|---|
| CAR | -19.3% | |
| Market (SPY) | 4.9% | 27.4% |
| Sector (XLI) | 4.2% | 38.6% |
Fundamental Drivers
The -26.5% change in CAR stock from 6/26/2025 to 12/25/2025 was primarily driven by a -27.7% change in the company's P/S Multiple.| 6262025 | 12252025 | Change | |
|---|---|---|---|
| Stock Price ($) | 179.30 | 131.82 | -26.48% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 11206.00 | 11402.00 | 1.75% |
| P/S Multiple | 0.56 | 0.41 | -27.74% |
| Shares Outstanding (Mil) | 35.20 | 35.20 | 0.00% |
| Cumulative Contribution | -26.48% |
Market Drivers
6/26/2025 to 12/25/2025| Return | Correlation | |
|---|---|---|
| CAR | -26.5% | |
| Market (SPY) | 13.1% | 22.2% |
| Sector (XLI) | 8.8% | 34.5% |
Fundamental Drivers
The 62.0% change in CAR stock from 12/25/2024 to 12/25/2025 was primarily driven by a 65.9% change in the company's P/S Multiple.| 12252024 | 12252025 | Change | |
|---|---|---|---|
| Stock Price ($) | 81.39 | 131.82 | 61.96% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 11779.00 | 11402.00 | -3.20% |
| P/S Multiple | 0.25 | 0.41 | 65.90% |
| Shares Outstanding (Mil) | 35.50 | 35.20 | 0.85% |
| Cumulative Contribution | 61.95% |
Market Drivers
12/25/2024 to 12/25/2025| Return | Correlation | |
|---|---|---|
| CAR | 62.0% | |
| Market (SPY) | 15.8% | 43.9% |
| Sector (XLI) | 18.6% | 44.2% |
Fundamental Drivers
The -14.0% change in CAR stock from 12/26/2022 to 12/25/2025 was primarily driven by a -27.6% change in the company's P/S Multiple.| 12262022 | 12252025 | Change | |
|---|---|---|---|
| Stock Price ($) | 153.36 | 131.82 | -14.04% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 12768.00 | 11402.00 | -10.70% |
| P/S Multiple | 0.56 | 0.41 | -27.60% |
| Shares Outstanding (Mil) | 46.80 | 35.20 | 24.79% |
| Cumulative Contribution | -19.32% |
Market Drivers
12/26/2023 to 12/25/2025| Return | Correlation | |
|---|---|---|
| CAR | -27.1% | |
| Market (SPY) | 48.3% | 44.0% |
| Sector (XLI) | 41.7% | 46.0% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CAR Return | 16% | 456% | -21% | 14% | -55% | 67% | 340% |
| Peers Return | � | � | -17% | 44% | -7% | 20% | � |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 115% |
Monthly Win Rates [3] | |||||||
| CAR Win Rate | 75% | 75% | 42% | 42% | 33% | 50% | |
| Peers Win Rate | � | 70% | 42% | 58% | 45% | 55% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| CAR Max Drawdown | -76% | -5% | -33% | -4% | -62% | -31% | |
| Peers Max Drawdown | � | � | -33% | -15% | -23% | -13% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HTZ, UHAL, R, PAG, UBER. See CAR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/24/2025 (YTD)
How Low Can It Go
| Event | CAR | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -61.3% | -25.4% |
| % Gain to Breakeven | 158.4% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -84.5% | -33.9% |
| % Gain to Breakeven | 547.0% | 51.3% |
| Time to Breakeven | 341 days | 148 days |
| 2018 Correction | ||
| % Loss | -56.7% | -19.8% |
| % Gain to Breakeven | 131.2% | 24.7% |
| Time to Breakeven | 781 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -98.8% | -56.8% |
| % Gain to Breakeven | 8433.3% | 131.3% |
| Time to Breakeven | 1,524 days | 1,480 days |
Compare to URI, PAG, UHAL, HRI, HTZ
In The Past
Avis Budget's stock fell -61.3% during the 2022 Inflation Shock from a high on 11/2/2021. A -61.3% loss requires a 158.4% gain to breakeven.
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Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 20,000 vehicles, which are rented through a network of approximately 465 dealer-operated and 385 company-operated locations that serve the consumer and light commercial sectors in the continental United States; and the Zipcar brand, a car sharing network. The company also operates various other car rental brands, such as Budget, Payless, Apex, Maggiore, MoriniRent, FranceCars, Amicoblue, Turiscar, and ACL Hire. In addition, it offers optional insurance products and coverages, such as supplemental liability, personal accident, personal effects protection, emergency sickness protection, and automobile towing protection and cargo insurance products; fuel service options, roadside assistance services, electronic toll collection services, curbside delivery, tablet rentals, access to satellite radio, portable navigation units, and child safety seat rentals; automobile towing equipment and other moving accessories, such as hand trucks, furniture pads, and moving supplies; and Business Intelligence solution, an online portal for corporate travel. Avis Budget Group, Inc. operates in approximately 10,400 locations worldwide. 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 headquartered in Parsippany, New Jersey.
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```html- Marriott for cars
- Uber without the driver
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Vehicle Rentals
Avis Budget provides short-term rental of cars, SUVs, vans, and trucks for leisure or business travel, categorized as Transportation Services.
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Car Sharing Services
Through its Zipcar brand, Avis Budget offers on-demand, hourly or daily vehicle access via a membership model, categorized as Transportation Services.
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Avis Budget Group (CAR) - Major Customers
Avis Budget Group (CAR) primarily serves individual customers, although many of these rentals are for business purposes or are facilitated by corporate accounts or insurance partnerships. Therefore, the company's major customers can be categorized as follows:- Leisure Travelers: Individuals who rent vehicles for personal use, such as vacations, weekend getaways, family visits, or other non-business related travel. This category represents a significant portion of their customer base.
- Business Travelers: Individuals who rent vehicles for corporate travel, client meetings, project work, or other professional purposes. While these rentals are made by individuals, they are often facilitated through corporate accounts, travel management companies, or directly by the individual traveler on behalf of their employer.
- Replacement/Insurance Customers: Individuals whose personal vehicles are temporarily out of service due to accidents, repairs, or breakdowns. Rental costs for these customers are frequently covered or reimbursed by their auto insurance providers, who often have direct agreements with Avis Budget Group.
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- General Motors (GM)
- Ford Motor Company (F)
- Stellantis (STLA)
- Toyota Motor Corporation (TM)
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```htmlBrian Choi, Chief Executive Officer
Brian Choi has served as the Chief Executive Officer of Avis Budget Group since July 2025. Prior to this role, he held positions within the company as Executive Vice President, Chief Transformation Officer, Executive Vice President, and Chief Financial Officer from August 2020 to December 2023. Before joining Avis Budget Group, Mr. Choi was a partner at SRS Investment Management, LLC, and also worked at Lehman Brothers and Metalmark Capital. He previously served as a board member of Avis Budget Group from January 2016 to August 2020.
Daniel Cunha, Executive Vice President and Chief Financial Officer
Daniel Cunha was appointed Executive Vice President and Chief Financial Officer of Avis Budget Group, effective July 1, 2025. Before joining ABG, Mr. Cunha served as CFO of Orion Services Group, a private equity-owned commercial field services company. He also held CFO roles at Ocean Spray and Heinz North America. Earlier in his career, Mr. Cunha was a consultant at McKinsey & Company and worked in private equity at GP Investments, indicating a pattern of managing companies backed by private equity firms.
Jagdeep Pahwa, Executive Chairman
Jagdeep Pahwa has been the Executive Chairman of Avis Budget Group as of May 2024, and Chairman since 2025. He previously served as the Vice Chairman of the company. Mr. Pahwa also held the position of President at SRS Investment Management, LLC. His professional experience includes working at McKinsey & Company in the US and India, and in the Mergers & Acquisitions group of Lehman Brothers in New York. His role at SRS Investment Management, a major shareholder, suggests involvement with private equity-backed entities.
Anna Pawlak-Kuliga, President, International
Anna Pawlak-Kuliga serves as the President, International for Avis Budget Group.
Ned Linnen, Executive Vice President and Chief Human Resources Officer
Ned Linnen has been the Executive Vice President and Chief Human Resources Officer since January 2015. He joined Avis Budget Group in 2001 and has held various human resources positions of increasing responsibility, including Senior Vice President of Human Resources for North America, Vice President of Labor Relations, and Vice President of International Human Resources. Prior to his tenure at Avis Budget Group, Mr. Linnen held human resources roles at Kraft Foods Inc. and Nabisco, Inc.
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The key risks to Avis Budget Group (CAR) include intense market competition from traditional rivals and emerging mobility services, the inherent economic cyclicality and sensitivity of the travel industry, and its significant debt levels coupled with the capital-intensive nature of its operations.
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Intense Market Competition and Emerging Mobility Services: Avis Budget operates in a highly competitive car rental industry, facing pressure from established players like Hertz and Enterprise. Furthermore, the rise of emerging mobility solutions and ride-sharing services poses a significant threat, potentially leading to pricing pressures and a reduction in rental volumes. The company is adapting by shifting towards an on-demand mobility model through technological innovation, but failure to effectively meet these evolving customer expectations could impact its market share.
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Economic Cyclicality and Sensitivity: The car rental business is highly susceptible to economic downturns, rising interest rates, and changes in consumer spending habits. The industry's reliance on travel trends makes it particularly vulnerable to global economic uncertainty and events, which can make future demand difficult to predict. Periods of high inflation and interest rates can dampen consumer spending and increase financing costs for the company, further impacting profitability.
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High Debt Levels and Capital Intensity: Avis Budget carries a substantial amount of debt, and the car rental business itself is highly capital-intensive, requiring significant investment in its vehicle fleet. This capital-heavy model necessitates large outlays for vehicle acquisition and maintenance, making the company vulnerable to disruptions in supply chains and volatile vehicle pricing. Recent events, such as a class-action lawsuit alleging misleading statements regarding a $2.3 billion impairment charge tied to accelerated fleet rotations, underscore the risks associated with fleet management and its financial implications.
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- **Rapid Transition to Electric Vehicles (EVs):** The accelerating shift towards electric vehicles presents significant challenges related to fleet acquisition costs (EVs are generally more expensive), the extensive investment required for charging infrastructure, complex logistics around charging and range management, potentially higher maintenance costs for specialized EV components, and uncertain resale values for rapidly evolving EV models.
- **Growth of Mobility-as-a-Service (MaaS) and On-Demand Ride-Sharing:** The increasing popularity and accessibility of integrated mobility platforms, coupled with established ride-sharing services like Uber and Lyft, diminish the need for traditional car rentals, especially for shorter durations, urban travel, and situations where vehicle ownership or long-term rental is less desirable.
- **Emergence of Autonomous Vehicle (AV) Fleets:** The ongoing development and limited deployment of self-driving car fleets and robotaxi services by companies such as Waymo and Cruise pose a long-term existential threat. As AV technology matures and becomes widespread, it could revolutionize personal transportation, potentially displacing traditional car rentals with on-demand, driverless transport solutions managed by tech companies or automotive manufacturers.
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Avis Budget Group (CAR) operates primarily in the car rental, truck rental, and car-sharing markets globally.
Car Rental Market
- The global car rental market is estimated to be approximately USD 149.3 billion to USD 153.47 billion in 2025.
- The North American car rental market is projected to have surpassed USD 76.00 billion in 2024 and is expected to grow significantly. North America held a 35.41% share of the global car rental market in 2024.
- The U.S. car rental market size is estimated at approximately USD 35.4 billion in 2025.
- The European car rental market is valued at approximately USD 15.5 billion (or €14.34 billion) in 2025. However, other sources indicate the Europe car rental market generated a revenue of USD 36.508 billion in 2024.
- The Asia-Pacific car rental market generated a revenue of approximately USD 42.128 billion in 2024 and is projected to be the fastest-growing region.
Truck Rental Market
- The global truck rental market size is estimated to be approximately USD 108.65 billion to USD 142.38 billion in 2025. Another source places the commercial vehicle rental and leasing market (which includes trucks) at approximately USD 180 billion by 2025.
- North America dominated the truck rental and leasing market in 2024. The U.S. truck rental market is projected to grow from USD 21.0 billion in 2024. The market size of the Truck Rental industry in the United States has been growing to reach USD 34.4 billion in revenue in 2025.
- The European medium and heavy-duty truck rental market size is valued at approximately USD 16.50 billion in 2025. Another report values the European truck rental market at €71.76 million (approximately USD 77.5 million) in 2025, and another projects it to reach USD 80 billion by 2035 with a CAGR of 8.534% from 2025 to 2035. A different source estimates the Europe Medium and Heavy Duty Truck Rental Leasing Market size at USD 76.21 billion in 2025.
- The Asia-Pacific truck rental market generated a revenue of approximately USD 52.58 billion in 2024 and is projected to be the fastest-growing region. The Asia Pacific commercial vehicle rental and leasing market size was estimated at USD 78.152 billion in 2024.
Car Sharing Market (Zipcar)
- The global car-sharing market size is estimated to be approximately USD 5.0 billion to USD 11.52 billion in 2025.
- North America is projected to account for the largest market share in the car-sharing market in 2025.
- Europe is estimated to be the fastest-growing region in the car-sharing market from 2025 to 2030.
- The Asia-Pacific car-sharing market held a 40% share in 2024.
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Avis Budget Group (CAR) is strategically positioning itself for future revenue growth over the next 2-3 years by focusing on several key initiatives:
- International Market Expansion: The company is investing $500 million to expand its presence in international markets, particularly in Southeast Asia and Eastern Europe. This initiative aims to increase international rental locations by 15% by the end of 2026, significantly bolstering its global market share.
- Growth in Rideshare Partnerships: Avis Budget Group continues to leverage partnerships with companies like Uber and Lyft to provide flexible fleets for rideshare drivers. This segment has proven to be a high-performing revenue stream, contributing over $2.8 billion in annual revenue, and is expected to further diversify the company's business model.
- Expansion of EV Subscription and Car-Sharing Services: Through its acquisition of RideTronic and continued focus on Zipcar, Avis Budget Group is expanding into the monthly electric vehicle (EV) subscription market. The company aims to reach 50,000 subscribers in this segment by 2027, tapping into a sector projected to grow at a compound annual growth rate (CAGR) of 25% through 2030.
- Enhanced Customer Experience and Premium Offerings: Avis Budget Group is committed to improving customer experience, exemplified by the launch of "Avis First," a new premium service. This focus on service quality and customer satisfaction is intended to build brand equity, foster customer loyalty, and differentiate the company in the competitive car rental market.
- Strategic Fleet Management and Cost Reduction for Competitive Pricing: The company is prioritizing fleet optimization to reduce per-unit fleet costs, targeting approximately $300 per month by the fourth quarter of 2025, a reduction from Q2 2025 expectations of $325 per month. This operational efficiency allows Avis Budget to offer a more competitive value proposition to customers and maintain strong profitability, which in turn supports sustained revenue growth.
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Share Repurchases
- Avis Budget Group completed a long-standing share repurchase program in the second quarter of 2025, buying back a total of 83,626,152 shares for US$7.36 billion.
- In the first half of 2024, no stock repurchases were made, contrasting with $146.1 million used to repurchase 723,000 shares in the first half of 2023.
- As of June 30, 2024, the company had board authorization to repurchase an additional $802 million in shares.
Share Issuance
- Avis Budget Group has maintained a stable share count, with weighted average shares outstanding remaining consistent at approximately 35-40 million, indicating no material dilution or significant issuance activity from 2020-2025.
Outbound Investments
- Avis Budget Group acquired McNicoll Vehicle Hire, a car hire service, in September 2023.
Capital Expenditures
- Capital expenditures for fiscal years ending December 2020 to 2024 averaged $3.336 billion, with a peak of $7.055 billion in December 2023.
- The capital expenditures hit a 5-year low of -$3.258 billion in December 2020.
- Primary focus of capital expenditures is on fleet investments, including contributions towards the fleet and ongoing purchases of property, plant, and equipment.
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Trade Ideas
Select ideas related to CAR. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | CNM | Core & Main | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 18.7% | 18.7% | -1.6% |
| 11212025 | VRRM | Verra Mobility | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.7% | 4.7% | -1.2% |
| 11212025 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 6.9% | 6.9% | 0.0% |
| 11212025 | ADP | Automatic Data Processing | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 2.6% | 2.6% | -1.2% |
| 11212025 | CW | Curtiss-Wright | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 6.0% | 6.0% | -0.4% |
| 07312025 | CAR | Avis Budget | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | -22.6% | -22.6% | -25.6% |
| 12312022 | CAR | Avis Budget | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 39.5% | 13.8% | -3.7% |
| 01312022 | CAR | Avis Budget | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 2.8% | 13.5% | -21.5% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Avis Budget
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 106.48 |
| Mkt Cap | 9.0 |
| Rev LTM | 12,055 |
| Op Inc LTM | 906 |
| FCF LTM | -954 |
| FCF 3Y Avg | -1,087 |
| CFO LTM | 2,124 |
| CFO 3Y Avg | 2,232 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.8% |
| Rev Chg 3Y Avg | 1.2% |
| Rev Chg Q | 2.3% |
| QoQ Delta Rev Chg LTM | 0.7% |
| Op Mgn LTM | 6.5% |
| Op Mgn 3Y Avg | 7.2% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 20.3% |
| CFO/Rev 3Y Avg | 21.2% |
| FCF/Rev LTM | -15.6% |
| FCF/Rev 3Y Avg | -16.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 9.0 |
| P/S | 0.5 |
| P/EBIT | 7.2 |
| P/E | 10.9 |
| P/CFO | 4.8 |
| Total Yield | 5.3% |
| Dividend Yield | 0.2% |
| FCF Yield 3Y Avg | -11.3% |
| D/E | 0.9 |
| Net D/E | 0.9 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 0.2% |
| 3M Rtn | -13.6% |
| 6M Rtn | -14.4% |
| 12M Rtn | 29.6% |
| 3Y Rtn | 23.0% |
| 1M Excs Rtn | -0.1% |
| 3M Excs Rtn | -18.6% |
| 6M Excs Rtn | -27.3% |
| 12M Excs Rtn | 14.8% |
| 3Y Excs Rtn | -59.3% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $131.82 | |
| Market Cap ($ Bil) | 4.6 | |
| First Trading Date | 01/12/1990 | |
| Distance from 52W High | -36.5% | |
| 50 Days | 200 Days | |
| DMA Price | $137.88 | $133.20 |
| DMA Trend | up | down |
| Distance from DMA | -4.4% | -1.0% |
| 3M | 1YR | |
| Volatility | 37.9% | 62.0% |
| Downside Capture | 119.09 | 136.18 |
| Upside Capture | -7.72 | 164.84 |
| Correlation (SPY) | 27.0% | 44.0% |
CAR Betas & Captures as of 11/30/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.31 | 0.67 | 0.48 | 1.21 | 1.39 | 1.68 |
| Up Beta | -0.02 | 1.34 | 1.08 | 1.93 | 1.53 | 1.56 |
| Down Beta | 2.29 | 1.16 | 1.16 | 0.67 | 1.09 | 1.52 |
| Up Capture | 145% | -40% | -41% | 110% | 200% | 506% |
| Bmk +ve Days | 12 | 25 | 38 | 73 | 141 | 426 |
| Stock +ve Days | 10 | 19 | 30 | 61 | 120 | 359 |
| Down Capture | 156% | 87% | 44% | 127% | 124% | 111% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 9 | 22 | 32 | 63 | 127 | 389 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of CAR With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| CAR | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 62.9% | 20.9% | 19.2% | 71.9% | 8.9% | 6.0% | -10.1% |
| Annualized Volatility | 61.5% | 18.8% | 19.5% | 19.3% | 15.3% | 17.1% | 35.0% |
| Sharpe Ratio | 1.02 | 0.87 | 0.78 | 2.69 | 0.36 | 0.18 | -0.12 |
| Correlation With Other Assets | 44.0% | 43.7% | -0.0% | 16.3% | 39.6% | 28.2% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of CAR With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| CAR | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 29.8% | 14.0% | 14.9% | 18.7% | 11.7% | 4.8% | 32.7% |
| Annualized Volatility | 78.8% | 17.2% | 17.1% | 15.5% | 18.7% | 18.9% | 48.7% |
| Sharpe Ratio | 0.62 | 0.66 | 0.70 | 0.97 | 0.51 | 0.17 | 0.60 |
| Correlation With Other Assets | 40.0% | 37.9% | 2.5% | 12.9% | 31.9% | 18.4% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of CAR With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| CAR | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 14.7% | 13.4% | 14.7% | 14.9% | 6.9% | 5.2% | 69.3% |
| Annualized Volatility | 75.4% | 19.9% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.49 | 0.60 | 0.70 | 0.83 | 0.31 | 0.22 | 0.90 |
| Correlation With Other Assets | 48.3% | 43.8% | -0.8% | 20.9% | 37.6% | 13.9% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/27/2025 | -6.1% | -14.8% | -13.6% |
| 7/29/2025 | -15.4% | -21.9% | -23.0% |
| 5/7/2025 | 0.6% | 5.3% | 22.4% |
| 2/11/2025 | -6.8% | 5.0% | -38.1% |
| 10/31/2024 | 10.9% | 14.2% | 27.6% |
| 8/5/2024 | 2.8% | -1.0% | -11.2% |
| 5/1/2024 | 20.1% | 27.1% | 20.0% |
| 2/12/2024 | -22.9% | -36.9% | -32.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 11 | 10 |
| # Negative | 15 | 14 | 15 |
| Median Positive | 10.8% | 5.3% | 25.0% |
| Median Negative | -6.7% | -11.8% | -11.2% |
| Max Positive | 108.3% | 70.9% | 105.3% |
| Max Negative | -22.9% | -36.9% | -77.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10282025 | 10-Q 9/30/2025 |
| 6302025 | 7302025 | 10-Q 6/30/2025 |
| 3312025 | 5082025 | 10-Q 3/31/2025 |
| 12312024 | 2142025 | 10-K 12/31/2024 |
| 9302024 | 11012024 | 10-Q 9/30/2024 |
| 6302024 | 8062024 | 10-Q 6/30/2024 |
| 3312024 | 5022024 | 10-Q 3/31/2024 |
| 12312023 | 2162024 | 10-K 12/31/2023 |
| 9302023 | 11022023 | 10-Q 9/30/2023 |
| 6302023 | 8012023 | 10-Q 6/30/2023 |
| 3312023 | 5022023 | 10-Q 3/31/2023 |
| 12312022 | 2162023 | 10-K 12/31/2022 |
| 9302022 | 11012022 | 10-Q 9/30/2022 |
| 6302022 | 8022022 | 10-Q 6/30/2022 |
| 3312022 | 5032022 | 10-Q 3/31/2022 |
| 12312021 | 2172022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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