Added to YB: 2026-06-02
Pitch date: 2026-03-30
CAR [bearish]
Avis Budget Group, Inc.
Author Info
No bio for this author
Company Info
Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers in the Americas, Europe, the Middle East and Africa, Asia, and Australasia.
Market Cap
$6.2B
Pitch Price
N/A
Price Target
50.00
Dividend
N/A
EV/EBITDA
11.36
P/E
-9.29
EV/Sales
2.85
Sector
Ground Transportation
Category
special_situation
Avis Budget Group, Inc. - $CAR (short)
CAR (short): No 2 global rental car player ran $100→$145 on meaningless TSA strike narrative (math shows ~5¢/day EPS impact, net negative for travel). Friday's first ATM offering in decades (5mm shares) erases tight-borrow squeeze & confirms no benefit. FY EBITDA likely $800-850mm vs $900mm Street. At 7.5x trad multiple/$5.5B debt = ~$35; sees $100 near-term, $50-70 medium-term. Catalyst: ATM sales over next week.
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