Avis Budget Group, Inc. (Avis Budget) provides car and truck rentals and ancillary services to businesses and consumers in the United States and internationally. The Company operates two brands in the global vehicle rental industry, through Avis and Budget. Avis is a rental car supplier to the commercial and leisure segments of the travel industry and Budget is a rental car. Avis Budget is a vehicle rental operator in North America, Australia, New Zealand and certain other regions. The Company operates in three segments: domestic car rental, consisting of its Avis and Budget United States car rental operations; international car rental, consisting of the Company’s international Avis and Budget vehicle rental operations, and truck rental, consisting of its Budget truck rental operations in the United States.
SYMBOL: CAR
Address:
6 Sylvan Way
Parsippany, NJ 07054
United States
1-973-4964700
http://www.avisbudgetgroup.com/
There are a lot of things going wrong with this company. Their Gross Profit Margins are terrible with almost every other quarter ending in the red. The company has racked up huge sums of debt secured by declining assets. This company is overvalued at $15.65 and I belief should be sitting under $5. I believe Avis’s only value will be as an acquisition candidate down the road and the price will be significantly less than $15. I would short this stock and look for the price to plummet in the next year with the release of current financials.
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