Avis Budget Group CEO Cashes Out, Selling $3.6M of Stock
December 22, 2023
🌥️Trending News
The CEO of Avis Budget ($NASDAQ:CAR) Group, Larry De Shon, recently sold stock valued at $3.6 million. Avis Budget Group is a leading global provider of vehicle rental services, operating both the Avis and Budget brands. The company’s stock has been performing exceptionally well over the past year, and De Shon’s decision to cash out comes as a surprise. Avis Budget Group is one of the world’s most recognizable mobility brands, and its success is largely attributed to its focus on innovation and customer service. They also continue to invest heavily in technology to improve their operations and customer experience. It remains to be seen how this move by De Shon will affect the company’s stock performance.
However, Avis Budget Group is expected to remain one of the leaders in the industry for years to come.
Market Price
This move took place on Wednesday, when the company’s stock opened at $186.2 and closed at $178.5, a drop of 5.4% from its previous closing price of 188.7. This move has raised questions as to how the company’s performance is faring when its CEO is choosing to cash out and exit before a potential downturn. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Avis Budget. More…
| Total Revenues | Net Income | Net Margin |
| 12.78k | 1.8k | 14.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Avis Budget. More…
| Operations | Investing | Financing |
| 3.88k | -7.65k | 3.76k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Avis Budget. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 32.3k | 32.33k | -0.85 |
Key Ratios Snapshot
Some of the financial key ratios for Avis Budget are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 26.3% | 95.5% | 20.0% |
| FCF Margin | ROE | ROA |
| -90.6% | -1973.8% | 4.9% |
Analysis
At GoodWhale, we conducted a fundamental analysis of AVIS BUDGET‘s financials to provide insights to potential investors. Our Star Chart Classification system has classified AVIS BUDGET as a ‘Rhino’, indicating that the company has achieved moderate revenue or earnings growth. This makes AVIS BUDGET an attractive investment opportunity for investors looking for a safe and moderate return on their investments. When it comes to financial health, AVIS BUDGET scored a healthy 5/10 on our cash flow and debt tests. This indicates that the company is likely to ride out any economic crisis without the risk of bankruptcy. With regards to other financial metrics, AVIS BUDGET is strong in assets, medium in growth, profitability and weak in dividend. Thus, AVIS BUDGET is a suitable investment option for investors who prefer to hold on to their investments for a long time rather than looking for short-term gains. More…
Peers
Its competitors include Hertz Global Holdings Inc, Localiza Rent A Car SA, and HyreCar Inc. Avis Budget Group Inc has a strong market position and offers a variety of car rental services that its competitors cannot match.
– Hertz Global Holdings Inc ($NASDAQ:HTZ)
Hertz Global Holdings Inc is a holding company that operates through its subsidiaries. The company’s principal business is car rental. It has a market cap of 6.63B as of 2022 and a Return on Equity of 70.21%. The company has operations in the United States, Europe, Latin America, Asia, Australia, New Zealand, and Africa.
– Localiza Rent A Car SA ($OTCPK:LZRFY)
Localiza Rent A Car SA is a Brazilian car rental company. The company has a market cap of 12.8B as of 2022 and a return on equity of 32.33%. Localiza is the largest car rental company in Brazil and has a strong presence in South America. The company offers a wide range of services, including car rental, fleet management, and vehicle financing. Localiza has a strong customer base and a large number of locations across Brazil.
– HyreCar Inc ($NASDAQ:HYRE)
HyreCar Inc. is a car sharing marketplace that connects vehicle owners with ride-sharing, food and package delivery companies. The Company offers a range of services for car owners, including insurance, financing, and maintenance. It also provides a range of services for ride-sharing and delivery companies, including background checks, vehicle financing, and vehicle maintenance.
Summary
Investors in Avis Budget Group have recently seen the CEO, Barry L. Jacobs, selling stock worth $3.6 million. This news caused the stock price to drop the same day, and many investors are wary of any sudden sell-offs. Analysts are closely monitoring the key factors driving the company’s performance for clues as to the reason why the CEO sold off such a large sum of stock.
They are particularly interested in factors such as Avis Budget’s financial strength, competitive position, and new initiatives for growth. Ultimately, investors will need to be aware of both the positive and negative indicators in order to make an informed decision on whether to continue holding their Avis Budget shares.
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