Top Clean Energy Stocks To Invest In 2015: Avis Budget Group Inc.(CAR)
Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, and ancillary services to businesses and consumers worldwide. It supplies rental cars to the premium commercial and leisure segments of the travel industry under the Avis brand; and to the value-conscious segments of the industry under the Budget brand. The company operates or licenses the Avis car rental system that includes approximately 5,200 locations; and operates approximately 2,100 Avis car rental locations in on-airport and local rental markets; and operates or licenses the Budget vehicle rental system comprising approximately 3,050 car rental locations, and operates approximately 1,100 Budget car rental locations. It also operates local and one-way truck rental businesses, and operates a combined fleet of approximately 26,000 trucks, which are rented through a network of approximately 1,850 dealers and 300 company-operated locations in the continental United States serving the consumer and light commercial sectors. In addition, the company engages in the sale and rental of optional products and services, including loss damage waivers; insurance products, such as additional/supplemental liability insurance or personal accident/effects insurance; automobile towing equipment and other moving accessories consisting of hand trucks, furniture pads, and moving supplies; and products for driving convenience, such as where2 GPS navigation units, optional roadside assistance, fuel service options, and electronic toll collection, as well as other ancillary products and services comprising rental of satellite radio units and child safety seats. Its rental fleet comprises approximately 393,000 vehicles. The company was formerly known as Cendant Corporation. Avis Budget Group, Inc. was founded in 1946 and is headquartered in Parsippany, New Jersey.! p> Advisors' Opinion:
- [By Ben Levisohn]
Still, Agnew notes that another airline executive, Larry DeShon, who moved from United to Avis Budget (CAR) “made a very successful transition.”
- [By Nickey Friedman]
As an example of uncertainty getting priced in, competitor Avis Budget Group (NASDAQ: CAR ) trades with a P/E of around 14 based on analyst estimates for fiscal 2015. Meanwhile, Hertz trades with a cheaper P/E of 12 based on estimates for the same timeframe, despite having higher growth expectations based on both revenue and sales. A return to certainty may result in a higher trading multiple, assuming analysts remain confident in their figures.
source from Top Stocks For 2015:http://www.topstocksblog.com/top-clean-energy-stocks-to-invest-in-2015-2.html