|
|
Avis Budget Group Inc (CAR) |
|
Price: $177.7500
$-3.09 
-1.709%
|
| Day's High:
| $180.09
| Week Perf:
| -6.84 %
|
| Day's Low: |
$ 179.39 |
30 Day Perf: |
-18.03 % |
| Volume (M): |
4 |
52 Wk High: |
$ 251.26 |
| Volume (M$): |
$ 794 |
52 Wk Avg: |
$199.82 |
| Open: |
$180.81 |
52 Wk Low: |
$140.99 |
|
|
| Market Capitalization (Millions $) |
7,023 |
| Shares
Outstanding (Millions) |
40 |
| Employees |
30,000 |
| Revenues (TTM) (Millions $) |
11,998 |
| Net Income (TTM) (Millions $) |
2,203 |
| Cash Flow (TTM) (Millions $) |
-2 |
| Capital Exp. (TTM) (Millions $) |
0 |
Avis Budget Group Inc
We operate two of the most recognized brands in the global vehicle rental industry
through Avis and Budget. Avis is a leading rental car supplier to the premium
commercial and leisure segments of the travel industry and Budget is a leading
rental car supplier to the price-conscious segments of the industry. We believe
we are the largest general-use vehicle rental operator in each of North America,
Australia, New Zealand and certain other regions we serve, based on total revenue.
We maintain the leading share of airport car rental revenue and we believe we
operate the second largest consumer truck rental business in the United States
based on available information.
Our car rental operations generate significant benefits from operating two
distinctive brands that target different industry segments but share the same
fleet, maintenance facilities, systems, technology and administrative infrastructure.
We believe that Avis and Budget both enjoy complementary demand patterns with
mid-week commercial demand balanced by weekend leisure demand.
Our operations have an extended global reach that includes approximately 6,700
car and truck rental locations in the United States, Canada, Australia, New
Zealand, Latin America, the Caribbean and parts of the Pacific region. On average,
our rental fleet totaled more than 410,000 vehicles. We rent our fleet of approximately
30,500 Budget trucks through a network of approximately 2,400 dealer operated,
210 company operated and 100 franchisee operated locations throughout the continental
United States. We also license the use of the Avis and Budget trademarks to
multiple licensees in areas in which we do not operate. The Avis and/or Budget
vehicle rental systems in Europe, Africa, the Middle East and parts of Asia
are operated at approximately 3,700 locations by subsidiaries and sub-licensees
of an independent third party primarily under virtually royalty-free trademark
license agreements.
In general, concession fees for on-airport locations are based on a percentage
of total commissionable revenue (as defined by each airport authority), subject
to minimum annual guaranteed amounts. Concessions are typically awarded by airport
authorities every three to five years based upon competitive bids. Our concession
agreements with the various airport authorities generally impose certain minimum
operating requirements, provide for relocation in the event of future construction
and provide for abatement of the minimum annual guarantee in the event of extended
low passenger volume.
Competition
The car rental industry is characterized by intense price and service competition.
Competition in the U.S. vehicle rental operations business is based primarily
upon price, reliability, vehicle availability, national distribution, usability
of booking systems, ease of rental and return and other elements of customer
service. In addition, competition is influenced strongly by advertising, marketing
and brand reputation. We compete primarily with the following car rental companies:
Hertz Global Holdings, Inc., Vanguard Car Rental USA Group, which operates the
National Car Rental and Alamo brands, Dollar Thrifty Automotive Group and Enterprise
Rent-A-Car Company.
The truck rental industry is characterized by intense price and service competition.
We compete with a large number of truck rental companies throughout the country,
including U-Haul International, Inc., Penske Truck Leasing Corporation, Ryder
System, Inc., Enterprise Rent-A-Car Company and many others.
Company Address: 6 Sylvan Way Parsippany, 7054 NJ
Company Phone Number: 496-4700 Stock Exchange / Ticker: NASDAQ CAR
| CAR is expected to report next financial results on October 31, 2023. |
|
|
|
|
Customers Net Income grew by |
CAR's Customers Net Profit Margin grew to |
12.19 % |
7.12 %
|
|
|
|
|
|
|
|
| Stock Performances by Major Competitors |
|
|
|
|
Galata Acquisition Corp
Galata Acquisition Corp (GLTA) is a company operating in the Rental and Leasing sector, and recently, it declared its earnings for the fiscal period closing on March 31, 2023. The company announced an operating loss of $-0.357226 million, which is a significant improvement compared to the same period a year ago when the operating loss stood at $-0.838607 million. This positive result has been considered a promising revelation, especially in the absence of better references.
The market observers have affirmed their confidence in GLTA, as this financial reporting period has been quite bullish for the company. Despite not generating any revenue sources thus far, GLTA has managed to reduce its operating loss and improve its financial performance. This development indicates potential growth and positive prospects for the future.
|
|
Innovative International Acquisition Corp
The stockholders did not assume any changes at the top-line during the the earnings cycle of fiscal April to June 30 2023 at the IOAC. However, they pay near attention to the company's operating shortfall which came in at $-0.855233 million, during the matching time.
|
|
Arboretum Silverleaf Income Fund L P
Introduction
The stock market can often be a roller-coaster ride for investors. It's crucial to closely monitor financial reports to understand the health and prospects of companies. In this article, we will discuss the intriguing financial performance of Arboretum Silverleaf Income Fund L P during the second quarter of 2023, focusing on key indicators, such as EPS and revenue. We will also highlight notable changes from the previous year and shed light on future expectations.
EPS Improvement Reflects Positive Trends
For the financial second quarter of 2023, Arboretum Silverleaf Income Fund L P showcased significant progress in improving earnings per share (EPS). Compared to the same period the year before, the company reduced its loss per share from $-0.10 to $-0.04. This indicates that the company has managed to optimize its operations and minimize losses. Furthermore, the improvement in EPS from the preceding financial reporting period is particularly encouraging, from $-0.10 to $-0.04 per share. This upward trend suggests a positive trajectory for the company's financial health.
|
|
Flexshopper Inc
Flexshopper Inc, a prominent player in the Rental and Leasing sector, recently released its financial results for the April to June 2023 period. While the company reported a shortfall per stock of $-0.22 per share compared to $0.51 a year ago, it also demonstrated a significant surge in demand and potential for growth. However, these figures must be considered within the broader context of the company's overall performance and market conditions.
Revenue Decline and Challenging Shortfall Figures:
Flexshopper Inc experienced a decline in revenue by -32.877% to $24.53 million for the April to June 2023 period, compared to $36.55 million during the same reporting period the previous year. Sequentially, revenue fell by -20.314% from $30.79 million. These figures undoubtedly portray a challenging situation for the company.
|
|
Commonwealth Income And Growth Fund V
As an avid follower of the financial markets and a keen observer of trends in the investment world, I have examined the recent financial results of Commonwealth Income And Growth Fund V with great interest. The figures for the financial interval closing June 30, 2023, indicate that the company took a hit, with a loss of $-0.03 per share, compared to $-0.04 per share a year prior. Furthermore, the loss grew from $-0.02 per share in the preceding reporting season. While these results may seem discouraging, a closer look reveals some important insights.
One of the most concerning aspects of the report is the substantial decrease in revenue, which receded by -18.377% to $0.03 million from $0.04 million in the similar reporting season a year prior. Additionally, revenue deteriorated by -12.358% sequentially from $0.04 million. This decline is in stark contrast to the Rental and Leasing industry's overall trend, which posted a revenue growth of 7.17% from the second quarter of 2022 to the second quarter of 2023.
|
| Per Share |
Current |
| Earnings (TTM) |
50.75 $ |
| Revenues (TTM) |
303.67 $
|
| Cash Flow (TTM) |
- |
| Cash |
14.45 $
|
| Book Value |
-
|
| Dividend (TTM) |
0 $ |
|
|
| Per Share |
|
| Earnings (TTM) |
50.75 $
|
| Revenues (TTM) |
303.67 $ |
| Cash Flow (TTM) |
- |
| Cash |
14.45 $
|
| Book Value |
- |
| Dividend (TTM) |
0 $ |
|
|
| |
| Domestic Car Rental |
|
Segment |
|
 |
of total Revenue |
| International Car Rental |
|
Segment |
|
|
of total Revenue |
| |
| Avis Budget Group Inc's Operating Statistics
|
Decrease / Increase
|
| |
|
|
|
| Domestic Car Rental Days (thousands) |
|
|
 |
| Domestic Car Time & Mileage Revenue per Day $ |
|
 |
|
| Domestic Car Average Rental Fleet |
|
|
|
| International Car Rental Days (thousands) |
|
|
|
| International Car Time & Mileage Revenue per Day $ |
|
|
|
| International Car Average Rental Fleet |
|
|
|
| Total Car Rental Days (thousands) |
|
|
|
| Total Car Time & Mileage Revenue per Day $ |
|
|
|
| Total Car Average Rental Fleet |
|
|
|
| Truck Rental Days (thousands) |
|
|
|
| Truck Time & Mileage Revenue per Day $ |
|
|
|
| Truck Average Rental Fleet |
|
|
|
|
|
0.07%