The company is set to release its latest quarterly earnings on Tuesday, April 28th, with a consensus estimate EPS of -6.92.
Avis Budget Group, Inc. (CAR) experienced a positive trading session with a price of $192.51, marking a $5.44 increase (2.91%) from the previous close. The trading volume stood at $1.22 million, 47.9% higher than the average.
CAR has seen a streak of four consecutive days of declining prices, with a significant absolute change of -$521.46 (-73.04%) since the streak started at $713.97.
Regarding the latest quarterly earnings reported on Tuesday, February 17th, the consensus estimate EPS was -0.29.
CAR offers a forward dividend yield of 20.78% and a dividend per share MRQ of $10.
The company reported a free cash flow of $7.22 billion, with a net change in cash of $50 million and operating cash flow of $437 million.
Avis Budget Group generated $2.66 billion in revenue, resulting in a gross profit of $513 million. The company reported a net income of -$747 million, translating to an EPS of -$21.25.
Key financial ratios include a return on equity of 23.87%, a net profit margin of -28.04%, and a price to sales ratio of 1.7.
The company's total assets amount to $32.19 billion, with total liabilities of $35.24 billion, resulting in a net debt of $30.64 billion.
This comprehensive overview provides insights into Avis Budget Group, Inc.'s recent performance and financial standing.
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.