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How to buy Avis Budget Group (CAR) stocks in Canada
Learn how to easily invest in Avis Budget Group stocks.
Tuesday, November 2: Avis’ stock jumped 218% during a morning rally by retail investors. This comes after the company reported a stronger-than-predicted quarter and announced they plan to implement electric vehicles in the US. Today’s surge also comes after Avis was mentioned on Reddit’s WallStreetBets.
Avis Budget Group is a rental & leasing services business based in the US. Avis Budget Group stocks (CAR.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $70.54 – an increase of 0.44% over the previous week. Avis Budget Group employs 15,000 staff and has a trailing 12-month revenue of around $8.1 billion.
How to buy shares in Avis Budget Group
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – CAR – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
Is it a good time to buy Avis Budget Group stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
What's in this guide?
- Can I buy shares in Avis Budget Group?
- Has coronavirus impacted Avis Budget Group shares?
- Avis Budget Group shares summary
- Compare share dealing platforms
- Is Avis Budget Group stock a buy or sell?
- Avis Budget Group performance over time
- Are Avis Budget Group shares over-valued?
- Avis Budget Group's financials
- How volatile are Avis Budget Group shares?
- Does Avis Budget Group pay a dividend?
- Have Avis Budget Group shares ever split?
- Other common questions
How has Coronavirus impacted Avis Budget Group's stock price?
Since the stock market crash in March caused by coronavirus, Avis Budget Group's stock price has had significant positive movement.
Its last market close was $192.89, which is 75.15% up on its pre-crash value of $47.94 and 2,937.64% up on the lowest point reached during the March crash when the stocks fell as low as $6.35.
If you had bought $1,000 worth of Avis Budget Group stocks at the start of February 2020, those stocks would have been worth $408.16 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $5,875.43.
Avis Budget Group stock price (NASDAQ:CAR)Use our graph to track the performance of CAR stocks over time.
Avis Budget Group shares at a glance
|Latest market close||$192.89|
|52-week range||$37.55 - $357.17|
|50-day moving average||$243.08|
|200-day moving average||$134.75|
|Wall St. target price||$218.57|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$11.81|
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Note: The dollar amounts in the table below are in Canadian dollars.
Avis Budget Group price performance over time
|1 week (2022-01-12)||0.44%|
|1 month (2021-12-17)||-10.92%|
|3 months (2021-10-19)||21.39%|
|6 months (2021-07-19)||180.61%|
|1 year (2021-01-19)||412.46%|
|2 years (2020-01-17)||451.27%|
|3 years (2019-01-18)||614.41%|
|5 years (2017-01-19)||434.62%|
Is Avis Budget Group under- or over-valued?
Valuing Avis Budget Group stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Avis Budget Group's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Avis Budget Group's P/E ratio
Avis Budget Group's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 17x. In other words, Avis Budget Group shares trade at around 17x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Avis Budget Group's PEG ratio
Avis Budget Group's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.76. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Avis Budget Group's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Avis Budget Group's EBITDA
Avis Budget Group's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $2 billion.
The EBITDA is a measure of a Avis Budget Group's overall financial performance and is widely used to measure a its profitability.
Avis Budget Group financials
|Revenue TTM||$8.1 billion|
|Operating margin TTM||22.56%|
|Gross profit TTM||$1 billion|
|Return on assets TTM||5.54%|
|Return on equity TTM||-273.05%|
|Market capitalisation||$11 billion|
TTM: trailing 12 months
Avis Budget Group share dividends
We're not expecting Avis Budget Group to pay a dividend over the next 12 months.
Have Avis Budget Group's shares ever split?
Avis Budget Group's shares were split on a 1:10 basis on 4 September 2006. So if you had owned 10 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Avis Budget Group shares – just the quantity. However, indirectly, the new 900% higher share price could have impacted the market appetite for Avis Budget Group shares which in turn could have impacted Avis Budget Group's share price.
Avis Budget Group share price volatility
Over the last 12 months, Avis Budget Group's shares have ranged in value from as little as $37.55 up to $357.17. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Avis Budget Group's is 2.0659. This would suggest that Avis Budget Group's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Avis Budget Group overview
Avis Budget Group, Inc. , together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers. It operates the Avis brand, a vehicle rental system that supply rental cars to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local and one-way truck rental businesses with a fleet of approximately 20,000 vehicles, which are rented through a network of approximately 515 dealer-operated and 410 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 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 10,600 locations worldwide.
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