CAR Avis Budget Group, Inc. - Common Stock
NASDAQ · Road & Rail · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Jul 29, 2026
$111.22
· of 52w range
· above low
· to high
$85.9652w low
$847.7052w high
Market Cap (MRQ)
$15.25B
P/E (TTM)
-6.2
EPS (TTM)
$-18.03
Revenue (TTM)
$11.71B
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52W Range
$86–$848
Analyst Rating
HOLD
Price Target
$129
P/E
-6.2
ROE
20.7%
Net Profit Margin
-5.4%
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CAR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$111.22
Market Cap (MRQ)
$15.25B
P/E (TTM)
-6.2
EPS (TTM)
$-18.03
Revenue (TTM)
$11.71B
Div Yield
0.00%
ROE (TTM)
20.7%
Debt/Equity (MRQ)
-1.8
52W Range
$86–$848
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Sept. 5, 2006 | 1-for-10 | Reverse |
| Aug. 1, 2006 | 25-for-4 | Forward |
| Oct. 22, 1996 | 3-for-2 | Forward |
| July 3, 1995 | 3-for-2 | Forward |
| May 3, 1993 | 3-for-2 | Forward |
| July 6, 1992 | 3-for-2 | Forward |
| March 1, 1991 | 3-for-2 | Forward |
| July 21, 1986 | 3-for-2 | Forward |
| March 19, 1985 | 3-for-2 | Forward |
About Avis Budget Group, Inc. - Common Stock Company overview from Wikipedia
Avis Budget Group, Inc. is an American car rental agency holding company headquartered in Parsippany, New Jersey. It is one of the three big rental car holding companies in the United States. In 2021, it held a 26% market share, placing it behind both the Hertz Global Holdings and Enterprise Holdings. It is the parent company of several brands including Avis Car Rental, Budget Rent a Car, Budget Truck Rental, Payless Car Rental, and Zipcar.
History
Following the decision to dissolve the Cendant company name and split into four separate companies, the vehicle rental division of Cendant became Avis Budget Group in 2006.
In 2011, Avis Budget Group acquired Avis Europe, an independently owned company licensee, globally reuniting the Avis and Budget brands.
On September 5, 2012, Avis Budget Group acquired Apex Car Rentals of New Zealand.
On March 14, 2013, Avis Budget Group purchased carsharing company Zipcar for about US$500 million in cash.
On April 9, 2015, Avis Budget Group announced it had completed the acquisition of Maggiore Group, Italy's fourth-largest vehicle rental company.
During 2018 Avis along with 90 additional Fortune 500 companies "paid an effective federal tax rate of 0% or less" as a result of Donald Trump´s Tax Cuts and Jobs Act of 2017.
The company's stock value rose dramatically due to increased demand for car rentals during the COVID-19 pandemic and it became a meme stock in November 2021, with shares at one point doubling in a single day. In 2021, it held a 26% market share, placing it behind both the Hertz Global Holdings and Enterprise Holdings. Despite rising revenues, the value of the stock began to decline in 2024 due to rising federal interest rates and declining values for used cars.
Operations
Avis Budget Group is the parent company of several brands including Avis Car Rental, Budget Rent a Car, Budget Truck Rental, Payless Car Rental, and Zipcar. It also operates several smaller, regional brands including ACL Hire, Apex Car Rentals, AmicoBlu, France Cars, Maggiore Group, MoriniRent, TurisCar and TurisPrime. As of 2018, the company had over 600,000 cars in its fleet.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
sectorIndustrials
industryRoad & Rail
employees17,000
countryUS
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$11.65B2016-12-31 → 2025-12-31
EPS$-25.252016-12-31 → 2025-12-31
Net margin-5.4%2019-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | CAR | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | -6.25Y avg ≈2.2 | ≈2.2 | · | · | |
| P/S (TTM) | 1.35Y avg ≈1.9 | ≈1.9 | · | · | |
| P/B (MRQ) | -4.55Y avg ≈-48.2 | ≈-48.2 | · | · | |
| Price / Cash Flow | 4.65Y avg ≈5.5 | ≈5.5 | · | · | |
| EV / Revenue | 1.85Y avg ≈2.3 | ≈2.3 | · | · | |
| Price / Tangible Book (MRQ) | -3.8 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | CAR | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Pretax Margin (TTM) | -4.6%5Y avg ≈6.9% | ≈6.9% | 2.4% | In line | |
| Net Profit Margin (TTM) | -5.4%5Y avg ≈5.5% | ≈5.5% | 1.9% | Below avg | |
| ROA (TTM) | -2.0%5Y avg ≈2.9% | ≈2.9% | 7.4% | Weak | |
| ROE (TTM) | 20.7%5Y avg ≈-244.0% | ≈-244.0% | 37.0% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | CAR | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | -1.85Y avg ≈-8.6 | ≈-8.6 | 0.4 | Low debt | |
| Current Ratio (MRQ) | 0.85Y avg ≈0.8 | ≈0.8 | 0.8 | Low liquidity | |
| Quick Ratio | 0.55Y avg ≈0.5 | ≈0.5 | 0.5 | In line | |
| Long-Term Debt / Equity (MRQ) | -1.85Y avg ≈-8.5 | ≈-8.5 | 0.2 | Low debt |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | CAR | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | -1.2%5Y avg ≈19.7% | ≈19.7% | · | · | |
| Revenue CAGR 3Y | -0.96%5Y avg ≈12.6% | ≈12.6% | · | · | |
| Revenue CAGR 5Y | 16.6% | · | · | · | |
| EPS YoY | -26.4% | · | · | · | |
| Net Income YoY | -41.0% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | CAR | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.45Y avg ≈0.4 | ≈0.4 | 0.7 | Weak | |
| Receivables Turnover | 13.65Y avg ≈13.9 | ≈13.9 | · | · | |
| Revenue / Employee | ≈$685.4K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield0.00%
Payout Ratio0.00%
Annualized Payout≈$40.00
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Dec 14, 2023 | $10.00 | USD | ≈5.2% |
| Feb 23, 2006 | $0.18 | USD | ≈2.7% |
| Nov 17, 2005 | $0.18 | USD | ≈8.2% |
| Aug 18, 2005 | $0.18 | USD | ≈7.2% |
| May 19, 2005 | $0.14 | USD | ≈6.8% |
| Feb 24, 2005 | $0.14 | USD | ≈6.5% |
| Feb 1, 2005 | $1.72 | USD | ≈5.8% |
| Nov 18, 2004 | $0.14 | USD | ≈1.4% |
| Aug 12, 2004 | $0.14 | USD | ≈1.1% |
| May 20, 2004 | $0.11 | USD | ≈0.62% |
| Feb 19, 2004 | $0.11 | USD | ≈0.31% |
| Jun 7, 1989 | $1.05 | USD | ≈40.0% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-125.1%
Next Report
Oct 26, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 27, 2026 | $0.98 | $1.82 | -46.0% |
| March 31, 2026 | $-7.85 | $-6.91 | -13.7% | |
| Dec. 31, 2025 | $-3.23 | $-0.42 | -665.9% | |
| Sept. 30, 2025 | $10.11 | $8.04 | 25.8% | |
| June 30, 2025 | $0.10 | $1.87 | -94.6% | |
| March 31, 2025 | $-3.27 | $-5.85 | 44.1% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.65B | $11.79B | $12.01B | $11.99B | $9.31B | $5.40B | $9.17B | $9.12B | $8.85B | $8.66B | |
| SG&A Expense | $1.45B | $1.35B | $1.41B | $1.35B | $1.15B | $703M | $1.24B | $1.22B | $1.12B | $1.13B | |
| Operating Expenses | $12.58B | $14.42B | $10.09B | $8.36B | $7.61B | $6.36B | $8.88B | $8.86B | $8.64B | $8.38B | |
| Interest Expense | · | $358M | $296M | $250M | $218M | $231M | $178M | $188M | $188M | $203M | |
| Pretax Income | $-929M | $-2.63B | $1.91B | $3.64B | $1.71B | $-956M | $287M | $267M | $211M | $279M | |
| Income Tax | $66M | $-810M | $279M | $880M | $425M | $-272M | $-15M | $102M | $-150M | $116M | |
| Net Income | $-889M | $-1.82B | $1.63B | $2.76B | $1.28B | $-684M | $302M | $165M | $361M | · | |
| EPS (Basic) | $-25.25 | $-51.23 | $42.57 | $58.41 | $19.79 | $-9.71 | $4.01 | $2.08 | $4.32 | $1.78 | |
| EPS (Diluted) | $-25.25 | $-51.23 | $42.08 | $57.16 | $19.44 | $-9.71 | $3.98 | $2.06 | $4.25 | $1.75 | |
| Shares (Basic) | 35,200,000 | 35,500,000 | 38,300,000 | 47,300,000 | 64,900,000 | 70,500,000 | 75,200,000 | 79,300,000 | 83,400,000 | 92,000,000 | |
| Shares (Diluted) | 35,200,000 | 35,500,000 | 38,800,000 | 48,400,000 | 66,100,000 | 70,500,000 | 75,700,000 | 80,100,000 | 84,800,000 | 93,300,000 |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $519M | $534M | $555M | $570M | $534M | $692M | $686M | $615M | $611M | $490M | |
| Receivables | $878M | $838M | $900M | $810M | $775M | $647M | $911M | $955M | $922M | $808M | |
| Prepaid Expense | $163M | $239M | $239M | $252M | $205M | $161M | $234M | $241M | $196M | $212M | |
| Other Current Assets | $696M | $662M | $684M | $506M | $538M | $456M | $548M | $604M | $533M | $519M | |
| Current Assets | $2.09B | $2.03B | $2.14B | $1.89B | $1.85B | $1.79B | $2.15B | $2.17B | $2.07B | $1.82B | |
| PP&E (Net) | $748M | $697M | $719M | $594M | $537M | $657M | $792M | $736M | $704M | $685M | |
| PP&E (Gross) | $2.45B | $2.33B | $2.28B | $2.03B | $2.10B | $2.12B | $2.07B | $1.96B | $1.86B | $1.71B | |
| Accum. Depreciation | $1.70B | $1.63B | $1.56B | $1.44B | $1.56B | $1.47B | $1.28B | $1.23B | $1.15B | $1.03B | |
| Goodwill | $1.13B | $1.07B | $1.10B | $1.07B | $1.11B | $1.14B | $1.10B | $1.09B | $1.07B | $1.01B | |
| Intangibles | $589M | $601M | $670M | $666M | $724M | $774M | $798M | $825M | $850M | $870M | |
| Other Non-current Assets | $403M | $422M | $441M | $499M | $382M | $244M | $217M | $242M | $196M | $193M | |
| Total Assets | $31.26B | $29.04B | $32.57B | $25.93B | $22.60B | $17.54B | $23.13B | $19.15B | $17.70B | $17.64B | |
| Accounts Payable | $453M | $450M | $487M | $466M | $407M | $394M | $378M | $371M | $359M | $343M | |
| Short-term Debt | $24M | $20M | $32M | $27M | $19M | $19M | · | · | · | · | |
| Current Liabilities | $2.89B | $2.72B | $2.66B | $2.57B | $2.41B | $2.05B | $2.23B | $1.72B | $1.65B | $1.77B | |
| Capital Leases | $2.61B | $2.48B | $2.12B | $1.88B | $1.91B | $2.08B | $2.14B | $0 | · | · | |
| Deferred Tax | · | · | · | · | · | · | $803M | $85M | $144M | $146M | |
| Other Non-current Liabilities | $495M | $470M | $528M | $554M | $625M | $731M | $757M | $767M | $717M | $764M | |
| Long-term Debt | · | · | · | $4.67B | $4.01B | $4.21B | $3.44B | $3.55B | $3.60B | $3.52B | |
| Total Debt | $6.05B | $5.37B | $4.79B | $4.67B | $4.01B | $4.19B | $3.42B | $3.55B | $3.60B | $3.52B | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | |
| Paid-in Capital | $6.62B | $6.62B | $6.63B | $6.67B | $6.68B | $6.67B | $6.74B | $6.77B | $6.82B | $6.92B | |
| Retained Earnings | $1.14B | $2.03B | $3.85B | $2.58B | $-185M | $-1.47B | $-785M | $-1.09B | $-1.22B | $-1.64B | |
| Treasury Stock | $10.75B | $10.77B | $10.74B | $9.85B | $6.58B | $5.17B | $5.14B | $5.13B | $5.00B | $4.91B | |
| AOCI | $-138M | $-210M | $-96M | $-101M | $-133M | $-187M | $-157M | $-133M | $-24M | $-154M | |
| Stockholders' Equity | $-3.13B | $-2.33B | $-349M | $-703M | $-220M | $-155M | $656M | $414M | $573M | $221M | |
| Liabilities + Equity | $31.26B | $29.04B | $32.57B | $25.93B | $22.60B | $17.54B | $23.13B | $19.15B | $17.70B | $17.64B | |
| Shares Outstanding | 137,100,000 | 137,100,000 | 137,100,000 | 137,100,000 | 137,100,000 | 137,100,000 | 137,100,000 | 137,100,000 | · | · |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $19M | $19M | $30M | $25M | $30M | $9M | $22M | $24M | $13M | $27M | |
| Deferred Tax | $-24M | $-905M | $191M | $682M | $378M | $-317M | $-103M | $14M | $-192M | $51M | |
| Amort. of Intangibles | $23M | $30M | $29M | $44M | $67M | $65M | $59M | $65M | $62M | $65M | |
| Restructuring | $131M | $37M | $11M | $19M | $64M | $118M | $80M | $22M | $63M | $29M | |
| Operating Cash Flow | $3.30B | $3.52B | $3.83B | $4.71B | $3.49B | $691M | $2.59B | $2.61B | $2.65B | $2.64B | |
| Investing Cash Flow | $-5.16B | $-2.75B | $-7.35B | $-4.30B | $-6.31B | $3.18B | $-2.75B | $-3.43B | $-2.20B | $-2.18B | |
| Stock Issued | · | · | · | $0 | $0 | $15M | $0 | $0 | · | · | |
| Stock Repurchased | $7M | $70M | $951M | $3.33B | $1.46B | $119M | $67M | $216M | $210M | $398M | |
| Net Stock Activity | $-7M | $-70M | $-951M | $-3.33B | $-1.46B | $-104M | $-67M | $-216M | $-210M | $-387M | |
| Dividends Paid | $0 | $0 | $355M | $0 | $0 | · | · | · | · | · | |
| Financing Cash Flow | $1.86B | $-781M | $3.51B | $-360M | $2.69B | $-4.04B | $318M | $667M | $-308M | $-449M | |
| Net Change in Cash | $21M | $-47M | $2M | $16M | $-139M | $-135M | $165M | $-166M | $181M | $3M | |
| Taxes Paid | $121M | $50M | $169M | $192M | $75M | $44M | $93M | $53M | $58M | $60M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | -7.6% | -15.4% | 13.6% | 23.0% | 13.8% | -12.7% | 3.3% | · | · | · | |
| Pretax Margin | -8.0% | -22.3% | 15.9% | 30.3% | 18.3% | -17.7% | 3.1% | 2.9% | · | · | |
| ROA | -2.9% | -5.9% | 5.6% | 11.4% | 6.4% | -3.4% | 1.4% | · | · | · | |
| ROE | 32.6% | 136.1% | -310.3% | -598.9% | -479.5% | 444.2% | 52.5% | · | · | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.7 | 0.7 | 0.8 | 0.7 | 0.8 | 0.9 | 1.0 | 1.3 | 1.3 | 1.0 | |
| Quick Ratio | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.7 | 0.7 | 0.9 | 0.9 | 0.7 | |
| Debt / Equity | -1.9 | -2.3 | -13.7 | -6.6 | -18.2 | -27.0 | 5.2 | 8.6 | 6.3 | 15.9 | |
| LT Debt / Equity | -1.9 | -2.3 | -13.7 | -6.6 | -18.1 | -27.0 | 5.2 | 8.5 | 6.2 | 14.7 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 | 0.3 | 0.4 | 0.5 | · | · | |
| Receivables Turnover | 13.6 | 13.6 | 14.0 | 15.1 | 13.1 | 6.9 | 9.8 | 9.7 | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $-22.82 | $-16.97 | $-2.55 | $-5.13 | $-1.60 | · | · | · | · | · | |
| Revenue / Share | $331.02 | $332.08 | $309.48 | $247.81 | $140.89 | $76.62 | $121.16 | $113.91 | · | · | |
| Cash Flow / Share | $93.64 | $99.10 | $98.66 | $97.25 | $52.81 | $9.80 | $34.16 | $32.57 | $31.23 | $28.18 | |
| Cash / Share | $3.79 | $3.90 | $4.05 | $4.16 | $3.90 | · | · | · | · | · | |
| Dividend Paid / Share | · | · | $10.00 | · | · | · | · | · | · | · | |
| EPS (TTM) | $-25.25 | $-51.23 | $42.08 | $57.16 | $19.44 | $-9.71 | $3.98 | $2.06 | $4.25 | $1.75 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -1.2% | -1.8% | 0.12% | 28.8% | 72.4% | · | · | · | · | · | |
| Revenue CAGR 3Y | -0.96% | 8.2% | 30.5% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 16.6% | · | · | · | · | · | · | · | · | · | |
| EPS YoY | · | · | -26.4% | 194.0% | · | · | · | · | · | · | |
| Net Income YoY | · | · | -41.0% | 115.1% | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $11.65B | $11.79B | $12.01B | $11.99B | $9.31B | $5.40B | $9.17B | $9.12B | $8.85B | $8.66B | |
| Net Income TTM | $-889M | $-1.82B | $1.63B | $2.76B | $1.28B | $-684M | $302M | $165M | $361M | $163M | |
| Market Cap | $17.59B | $11.05B | $24.30B | $22.47B | $28.43B | · | · | · | · | · | |
| Enterprise Value | $23.12B | $15.89B | $28.54B | $26.58B | $31.91B | · | · | · | · | · | |
| P/E | -5.1 | -1.6 | 4.2 | 2.9 | 10.7 | -3.8 | 8.1 | 10.9 | 10.3 | 21.0 | |
| P/S | 1.5 | 0.9 | 2.0 | 1.9 | 3.1 | · | · | · | · | · | |
| P/B | -5.6 | -4.7 | -69.6 | -32.0 | -129.2 | · | · | · | · | · | |
| P / Cash Flow | 5.3 | 3.1 | 6.3 | 4.8 | 8.1 | · | · | · | · | · | |
| EV / Revenue | 2.0 | 1.3 | 2.4 | 2.2 | 3.4 | · | · | · | · | · | |
| Dividend Yield | 0.00% | 0.00% | 1.5% | 0.00% | 0.00% | · | · | · | · | · | |
| Earnings Yield | -19.7% | -63.5% | 23.7% | 34.9% | 9.4% | -26.0% | 12.3% | 9.2% | 9.7% | 4.8% | |
| Payout Ratio | 0.00% | 0.00% | 21.8% | · | · | · | · | · | · | · | |
| Annual Payout | $0 | $0 | $355M | $0 | $0 | · | · | · | · | · |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.00B | $2.53B | $2.66B | $3.52B | $3.04B | $2.43B | $2.71B | $3.48B | $3.05B | $2.55B | $3.56B | $3.12B | $2.56B | $2.77B | $3.55B | $3.24B | |
| SG&A Expense | $385M | $341M | $321M | $422M | $396M | $308M | $312M | $367M | $348M | $325M | $397M | $378M | $324M | $322M | $384M | $359M | |
| Operating Expenses | $2.92B | $2.87B | $3.40B | $3.05B | $3.02B | $3.11B | $5.55B | $3.15B | $3.02B | $2.69B | $2.81B | $2.52B | $2.16B | $2.25B | $2.21B | $2.16B | |
| Interest Expense | · | · | · | · | · | · | · | $95M | $88M | $83M | $80M | $68M | $73M | $69M | $64M | $64M | |
| Pretax Income | $73M | $-340M | $-740M | $473M | $15M | $-677M | $-2.84B | $329M | $27M | $-142M | $757M | $598M | $397M | $516M | $1.34B | $1.08B | |
| Income Tax | $10M | $-106M | $116M | $113M | $10M | $-173M | $-884M | $91M | $12M | $-29M | $130M | $162M | $85M | $92M | $311M | $309M | |
| Net Income | $35M | $-283M | $-747M | $359M | $4M | $-505M | $-1.96B | $237M | $14M | $-114M | $626M | $435M | $312M | $423M | $1.03B | $778M | |
| EPS (Basic) | $1.00 | $-8.01 | $-21.22 | $10.22 | $0.10 | $-14.35 | $-55.10 | $6.67 | $0.41 | $-3.21 | $16.96 | $11.13 | $7.88 | $10.32 | $22.08 | $16.05 | |
| EPS (Diluted) | $0.98 | $-8.01 | $-21.11 | $10.11 | $0.10 | $-14.35 | $-55.08 | $6.65 | $0.41 | $-3.21 | $16.78 | $11.01 | $7.72 | $10.07 | $21.67 | $15.71 | |
| Shares (Basic) | 35,300,000 | 35,300,000 | · | 35,200,000 | 35,200,000 | 35,200,000 | · | 35,500,000 | 35,600,000 | 35,600,000 | 36,900,000 | 39,100,000 | 39,600,000 | · | 46,800,000 | 48,500,000 | |
| Shares (Diluted) | 35,700,000 | 35,300,000 | · | 35,500,000 | 35,400,000 | 35,200,000 | · | 35,700,000 | 35,700,000 | 35,600,000 | 37,300,000 | 39,500,000 | 40,400,000 | · | 47,700,000 | 49,500,000 |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $558M | $528M | $519M | $564M | $541M | $516M | $534M | $602M | $511M | $522M | $572M | $571M | $548M | · | $581M | $579M | |
| Receivables | $936M | $832M | $878M | $859M | $971M | $873M | $838M | $917M | $1.06B | $1.03B | $918M | $897M | $801M | · | $869M | $871M | |
| Prepaid Expense | $219M | $213M | $248M | $183M | $175M | $174M | $239M | $266M | $264M | $312M | $300M | $294M | $274M | · | $252M | $301M | |
| Other Current Assets | $1.01B | $819M | $696M | $812M | $944M | $751M | $662M | $800M | $887M | $779M | $736M | $765M | $634M | · | $526M | $615M | |
| Current Assets | $2.51B | $2.18B | $2.09B | $2.23B | $2.46B | $2.14B | $2.03B | $2.32B | $2.46B | $2.33B | $2.23B | $2.23B | $1.98B | · | $1.98B | $2.06B | |
| PP&E (Net) | $756M | $737M | $748M | $710M | $711M | $686M | $697M | $700M | $704M | $709M | $647M | $624M | $604M | · | $506M | $520M | |
| PP&E (Gross) | · | · | $2.45B | · | · | · | $2.33B | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $1.70B | · | · | · | $1.63B | · | · | · | · | · | · | · | · | · | |
| Goodwill | $1.11B | $1.12B | $1.13B | $1.13B | $1.13B | $1.09B | $1.07B | $1.11B | $1.09B | $1.09B | $1.08B | $1.08B | $1.08B | $1.07B | $1.03B | $1.07B | |
| Intangibles | $614M | $624M | $589M | $594M | $602M | $598M | $601M | $647M | $650M | $658M | $658M | $669M | $659M | · | $662M | $685M | |
| Other Non-current Assets | $375M | $382M | $403M | $405M | $413M | $410M | $422M | $421M | $445M | $450M | $475M | $480M | $440M | · | $496M | $393M | |
| Total Assets | $32.33B | $30.60B | $31.26B | $32.52B | $32.37B | $29.04B | $29.04B | $32.75B | $33.88B | $33.53B | $32.30B | $31.39B | $27.39B | · | $25.20B | $26.09B | |
| Accounts Payable | $573M | $488M | $453M | $597M | $597M | $499M | $450M | $516M | $555M | $504M | $514M | $573M | $510M | · | $501M | $551M | |
| Short-term Debt | $23M | $23M | · | $38M | $39M | $508M | · | $540M | $28M | $405M | $30M | $34M | $34M | · | $27M | $27M | |
| Current Liabilities | $3.10B | $2.95B | $2.89B | $3.17B | $3.21B | $3.37B | $2.72B | $3.33B | $2.87B | $3.07B | $2.76B | $2.84B | $2.75B | · | $2.75B | $2.77B | |
| Capital Leases | $2.63B | $2.59B | $2.61B | $2.62B | $2.63B | $2.59B | $2.48B | $2.35B | $2.23B | $2.23B | $2.18B | $2.08B | $1.85B | · | $1.82B | $1.84B | |
| Other Non-current Liabilities | $472M | $486M | $495M | $499M | $518M | $482M | $470M | $509M | $505M | $509M | $520M | $529M | $497M | · | $553M | $562M | |
| Long-term Debt | · | · | · | · | · | · | · | · | · | · | $4.77B | $4.70B | $4.70B | · | $4.59B | $4.65B | |
| Total Debt | $6.02B | $6.04B | · | $6.06B | $6.08B | $5.94B | · | $6.00B | $5.26B | $5.44B | $4.80B | $4.74B | $4.73B | · | $4.62B | $4.68B | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | · | $1M | $1M | |
| Paid-in Capital | $6.61B | $6.61B | $6.62B | $6.62B | $6.62B | $6.61B | $6.62B | $6.62B | $6.62B | $6.61B | $6.63B | $6.62B | $6.62B | · | $6.68B | $6.64B | |
| Retained Earnings | $891M | $856M | $1.14B | $1.89B | $1.53B | $1.52B | $2.03B | $3.99B | $3.75B | $3.74B | $3.95B | $3.33B | $2.89B | · | $2.16B | $1.12B | |
| Treasury Stock | $10.74B | $10.74B | $10.75B | $10.76B | $10.76B | $10.76B | $10.77B | $10.73B | $10.72B | $10.72B | $10.48B | $9.99B | $9.85B | · | $9.16B | $8.29B | |
| AOCI | $-149M | $-136M | $-138M | $-153M | $-135M | $-202M | $-210M | $-112M | $-135M | $-140M | $-130M | $-90M | $-111M | · | $-185M | $-130M | |
| Stockholders' Equity | $-3.39B | $-3.42B | $-3.13B | $-2.40B | $-2.75B | $-2.82B | $-2.33B | $-238M | $-490M | $-515M | $-33M | $-129M | $-444M | · | $-509M | $-654M | |
| Liabilities + Equity | $32.33B | $30.60B | $31.26B | $32.52B | $32.37B | $29.04B | $29.04B | $32.75B | $33.88B | $33.53B | $32.30B | $31.39B | $27.39B | · | $25.20B | $26.09B | |
| Shares Outstanding | 137,100,000 | 137,100,000 | 137,100,000 | 137,100,000 | 137,100,000 | 137,100,000 | 137,100,000 | 137,100,000 | 137,100,000 | 137,100,000 | 137,100,000 | 137,100,000 | 137,100,000 | 137,100,000 | 137,100,000 | 137,100,000 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $6M | $1M | $3M | $4M | $6M | $6M | $5M | $1M | $6M | $7M | $8M | $8M | $8M | $6M | $7M | $6M | |
| Amort. of Intangibles | $8M | $7M | $6M | $6M | $5M | $6M | $8M | $7M | $7M | $8M | $6M | $6M | $8M | $9M | $9M | $10M | |
| Restructuring | $18M | $35M | $37M | $13M | $59M | $22M | $14M | $6M | $14M | $3M | $2M | $1M | $4M | $3M | $2M | $6M | |
| Operating Cash Flow | $632M | $434M | $437M | $1.40B | $837M | $619M | $772M | $1.27B | $884M | $589M | $1.25B | $963M | $819M | $845M | $1.49B | $1.22B | |
| Investing Cash Flow | $-2.04B | $428M | $-510M | $-698M | $-3.24B | $-715M | $-57M | $-141M | $-1.04B | $-1.52B | $-1.72B | $-3.54B | $-1.68B | $-723M | $294M | $-2.71B | |
| Stock Repurchased | $0 | $7M | $3M | $1M | $0 | $3M | $45M | $9M | $1M | $15M | $490M | $149M | $51M | $755M | $826M | $449M | |
| Net Stock Activity | · | $-7M | · | · | · | $-3M | · | · | · | $-15M | · | · | $-51M | · | · | · | |
| Financing Cash Flow | $1.45B | $-822M | $51M | $-664M | $2.37B | $98M | $-738M | $-1.08B | $139M | $897M | $512M | $2.62B | $841M | $-222M | $-1.72B | $1.55B | |
| Net Change in Cash | $36M | $33M | $-21M | $36M | $-4M | $10M | $-52M | $66M | $-16M | $-45M | $39M | $53M | $-13M | $-79M | $37M | $47M |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 1.2% | -11.2% | · | 10.2% | 0.13% | -20.8% | · | 6.8% | 0.46% | -4.5% | 17.6% | 13.9% | 12.2% | · | 29.1% | 24.0% | |
| Pretax Margin | 2.4% | -13.4% | · | 13.4% | 0.49% | -27.9% | · | 9.4% | 0.89% | -5.6% | 21.2% | 19.1% | 15.5% | · | 37.8% | 33.4% | |
| ROA | 0.11% | -0.95% | · | 1.1% | 0.01% | -1.6% | · | 0.73% | 0.04% | -0.37% | 2.2% | 1.5% | 1.2% | · | 4.4% | 3.2% | |
| ROE | -1.1% | 9.1% | · | -27.2% | -0.25% | 30.3% | · | -174.9% | -4.5% | 23.8% | -231.0% | -111.1% | -43.5% | · | -287.2% | -276.9% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.8 | 0.7 | · | 0.7 | 0.8 | 0.6 | · | 0.7 | 0.9 | 0.8 | 0.8 | 0.8 | 0.7 | · | 0.7 | 0.7 | |
| Quick Ratio | 0.5 | 0.5 | · | 0.4 | 0.5 | 0.4 | · | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | · | 0.5 | 0.5 | |
| Debt / Equity | -1.8 | -1.8 | · | -2.5 | -2.2 | -2.1 | · | -25.2 | -10.7 | -10.6 | -145.3 | -36.7 | -10.7 | · | -9.1 | -7.2 | |
| LT Debt / Equity | -1.8 | -1.8 | · | -2.5 | -2.2 | -1.9 | · | -23.0 | -10.7 | -9.8 | -143.5 | -36.2 | -10.5 | · | -9.0 | -7.1 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | · | 0.2 | 0.1 | |
| Receivables Turnover | 3.1 | 3.0 | · | 4.0 | 3.0 | 2.6 | · | 3.8 | 3.1 | 2.8 | 4.0 | 3.5 | 3.2 | · | 4.2 | 3.9 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $-24.71 | $-24.91 | · | $-17.50 | $-20.02 | $-20.58 | · | $-1.74 | $-3.57 | $-3.76 | $-0.24 | $-0.94 | $-3.24 | · | $-3.71 | $-4.77 | |
| Revenue / Share | $83.98 | $71.67 | · | $99.13 | $85.85 | $69.03 | · | $97.48 | $85.38 | $71.66 | $95.55 | $79.06 | $63.29 | · | $74.36 | $65.54 | |
| Cash Flow / Share | · | $12.29 | · | · | · | $17.59 | · | · | · | $16.54 | · | · | $20.27 | · | · | · | |
| Cash / Share | $4.07 | $3.85 | · | $4.11 | $3.95 | $3.76 | · | $4.39 | $3.73 | $3.81 | $4.17 | $4.16 | $4.00 | · | $4.24 | $4.22 | |
| EPS (TTM) | $-18.03 | $-18.91 | · | $-59.22 | $-62.68 | $-62.37 | · | $10.42 | $20.55 | $31.15 | $45.58 | $50.47 | $55.17 | · | $52.88 | $41.66 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $11.71B | $11.75B | · | $11.70B | $11.66B | $11.67B | · | $11.84B | $11.93B | $12.00B | $12.02B | $12.00B | $12.12B | · | $11.79B | $11.25B | |
| Net Income TTM | $-636M | $-667M | · | $-2.10B | $-2.22B | $-2.21B | · | $396M | $785M | $1.21B | $1.80B | $2.20B | $2.55B | · | $2.72B | $2.36B | |
| Market Cap | $20.27B | $20.00B | · | $22.01B | $23.18B | $10.41B | · | $12.01B | $14.33B | $16.79B | $24.64B | $31.35B | $26.71B | · | $20.35B | $20.16B | |
| Enterprise Value | $25.73B | $25.51B | · | $27.51B | $28.71B | $15.83B | · | $17.41B | $19.08B | $21.70B | $28.86B | $35.52B | $30.89B | · | $24.39B | $24.26B | |
| P/E | -8.2 | -7.7 | · | -2.7 | -2.7 | -1.2 | · | 8.4 | 5.1 | 3.9 | 3.9 | 4.5 | 3.5 | · | 2.8 | 3.5 | |
| P/S | 1.7 | 1.7 | · | 1.9 | 2.0 | 0.9 | · | 1.0 | 1.2 | 1.4 | 2.1 | 2.6 | 2.2 | · | 1.7 | 1.8 | |
| P/B | -6.0 | -5.9 | · | -9.2 | -8.4 | -3.7 | · | -50.5 | -29.2 | -32.6 | -746.5 | -243.0 | -60.2 | · | -40.0 | -30.8 | |
| P / Cash Flow | · | 46.1 | · | · | · | 16.8 | · | · | · | 28.5 | · | · | 32.6 | · | · | · | |
| EV / Revenue | 2.2 | 2.2 | · | 2.4 | 2.5 | 1.4 | · | 1.5 | 1.6 | 1.8 | 2.4 | 3.0 | 2.5 | · | 2.1 | 2.2 | |
| Earnings Yield | -12.2% | -13.0% | · | -36.9% | -37.1% | -82.2% | · | 11.9% | 19.7% | 25.4% | 25.4% | 22.1% | 28.3% | · | 35.6% | 28.3% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $11.65B | $11.79B | $12.01B | $11.99B | $9.31B |
| Net Income | $-889M | $-1.82B | $1.63B | $2.76B | $1.28B |
| Diluted EPS | $-25.25 | $-51.23 | $42.08 | $57.16 | $19.44 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | -1.9 | -2.3 | -13.7 | -6.6 | -18.2 |
| Current Ratio | 0.7 | 0.7 | 0.8 | 0.7 | 0.8 |
| Quick Ratio | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 |
No data for this statement
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 371 filers · $8.0B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
371
Value held
$8.0B
New positions
94
Exited positions
53
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 94 (+36 vs prior Q) | 53 (+1 vs prior Q) | 97 (+13 vs prior Q) | 109 (-7 vs prior Q) | -1.7M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| SRS Investment Management, LLC | $2,576,807,286 | 17,430,882 | 32.16% | Shares |
| UBS Group AG | $375,039,388 | 2,536,964 | 4.68% | Shares |
| Pentwater Capital Management LP | $371,541,139 | 2,513,300 | 4.64% | Shares |
| MORGAN STANLEY | $300,091,778 | 2,029,978 | 3.75% | Shares |
| HSBC HOLDINGS PLC | $247,772,938 | 1,676,860 | 3.09% | Shares |
| BlackRock, Inc. | $245,413,492 | 1,660,106 | 3.06% | Shares |
| NOMURA HOLDINGS INC | $237,249,558 | 1,604,881 | 2.96% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $230,452,187 | 1,558,900 | 2.88% | Put option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $217,901,420 | 1,474,000 | 2.72% | Call option |
| JANE STREET GROUP, LLC | $210,524,703 | 1,424,100 | 2.63% | Put option |
| NATIONAL BANK OF CANADA /FI/ | $208,765,526 | 1,412,200 | 2.61% | Shares |
| VANGUARD GROUP INC | $195,814,780 | 1,525,988 | 2.44% | Shares |
| JANE STREET GROUP, LLC | $171,541,932 | 1,160,400 | 2.14% | Call option |
| NOMURA HOLDINGS INC | $147,830,000 | 1,000,000 | 1.84% | Call option |
| NOMURA HOLDINGS INC | $147,830,000 | 1,000,000 | 1.84% | Put option |
| CIBC WORLD MARKETS CORP | $127,396,096 | 992,800 | 1.59% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $116,594,704 | 788,708 | 1.46% | Shares |
| CITADEL ADVISORS LLC | $114,553,467 | 774,900 | 1.43% | Put option |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $111,811,221 | 756,350 | 1.40% | Shares |
| STATE STREET CORP | $90,712,479 | 613,627 | 1.13% | Shares |
| Allianz Asset Management GmbH | $82,616,865 | 558,864 | 1.03% | Shares |
| CIBC Bancorp USA Inc. | $73,949,149 | 500,231 | 0.92% | Shares |
| MIZUHO MARKETS AMERICAS LLC | $73,915,000 | 500,000 | 0.92% | Shares |
| CIBC WORLD MARKET INC. | $73,915,000 | 500,000 | 0.92% | Shares |
| CITADEL ADVISORS LLC | $63,699,947 | 430,900 | 0.79% | Call option |
| NATIXIS | $56,894,445 | 384,864 | 0.71% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $52,511,455 | 355,125 | 0.66% | Shares |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT | $52,309,350 | 353,848 | 0.65% | Shares |
| BANK OF NOVA SCOTIA | $46,701,075 | 315,911 | 0.58% | Shares |
| ROYAL BANK OF CANADA | $39,767,000 | 269,008 | 0.50% | Shares |
| LMR Partners LLP | $39,574,091 | 267,700 | 0.49% | Put option |
| GOLDMAN SACHS GROUP INC | $38,163,620 | 258,159 | 0.48% | Shares |
| Amundi | $36,659,919 | 247,987 | 0.46% | Shares |
| Nearwater Capital Markets, Ltd | $34,740,050 | 235,000 | 0.43% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $32,089,606 | 217,071 | 0.40% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $31,185,921 | 210,958 | 0.39% | Shares |
| MACQUARIE GROUP LTD | $28,807,189 | 194,867 | 0.36% | Shares |
| PEAK6 LLC | $27,259,852 | 184,400 | 0.34% | Put option |
| NORTHERN TRUST CORP | $21,973,895 | 148,643 | 0.27% | Shares |
| Walleye Trading LLC | $21,864,057 | 147,900 | 0.27% | Put option |
| WOLVERINE TRADING, LLC | $21,111,971 | 130,700 | 0.26% | Put option |
| Walleye Trading LLC | $19,676,173 | 133,100 | 0.25% | Call option |
| Invesco Ltd. | $19,670,260 | 133,060 | 0.25% | Shares |
| Point72 Asset Management, L.P. | $19,557,909 | 132,300 | 0.24% | Put option |
| D. E. Shaw & Co., Inc. | $19,055,287 | 128,900 | 0.24% | Call option |
| NORGES BANK | $17,091,957 | 115,619 | 0.21% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $16,067,643 | 108,690 | 0.20% | Shares |
| BARCLAYS PLC | $15,906,508 | 107,600 | 0.20% | Put option |
| Cubist Systematic Strategies, LLC | $15,768,465 | 98,200 | 0.20% | Call option |
| Bank of New York Mellon Corp | $15,234,796 | 103,056 | 0.19% | Shares |
Activists & 5%+ owners 18 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| SRS INVESTMENT MANAGEMENT, LLC, KARTHIK R. SARMA ×21 filings | Aug. 25, 2023 | · | Initial filing | Passive investment | SEC |
| OR SRS INVESTMENT MANAGEMENT, LLC, OR KARTHIK R. SARMA | Dec. 2, 2022 | · | Initial filing | · | SEC |
| OR ×2 filings | Dec. 11, 2017 | · | Initial filing | · | SEC |
| Senator Investment Group LP ×3 filings | Aug. 17, 2011 | · | Initial filing | · | SEC |
| CENDANT CORPORATION ( ×4 filings | March 14, 2005 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person | Dec. 10, 2004 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Jan. 22, 2004 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Dec. 23, 2003 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Oct. 2, 2003 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Aug. 22, 2002 | · | Initial filing | M&A / sale | SEC |
| Undisclosed reporting person | May 7, 2002 | · | Initial filing | · | SEC |
| Undisclosed reporting person | April 9, 2002 | · | Initial filing | M&A / sale | SEC |
| Undisclosed reporting person, Undisclosed reporting person | Aug. 24, 2001 | · | Initial filing | · | SEC |
| Undisclosed reporting person | July 13, 2001 | · | Initial filing | · | SEC |
| Undisclosed reporting person | June 22, 2001 | · | Initial filing | M&A / sale | SEC |
| Liberty Media Corporation | May 24, 2001 | · | Initial filing | · | SEC |
| March 9, 2001 | · | Initial filing | · | SEC | |
| Undisclosed reporting person | Feb. 26, 2001 | · | Initial filing | Board campaign | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 65 insiders · 32 officers · 32 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Brian J Choi | Chief Executive Officer | March 17, 2026 A | 117,902 | 0 | 0 | $0 |
| Joseph A. Ferraro | President and CEO | March 13, 2025 M | 280,358 | 0 | 0 | $0 |
| Larry D De Shon | CEO and President | Dec. 12, 2019 S | 270,574 | 0 | 0 | $0 |
| Richard A Smith | CHAIR/CEO REAL ESTATE SVS DIV | April 22, 2006 M | 105,040 | 0 | 0 | $0 |
| Henry R Silverman | Chairman & CEO | Oct. 25, 2005 M | 9,237,826 | 0 | 0 | $0 |
| Thomas Christopoul | Chr & CEO Marketing Svs Div | Aug. 3, 2005 M | 64,066 | 0 | 0 | $0 |
| Kevin M Sheehan | Chair/CEO Vehicle Svs Div | May 6, 2005 D | 144,592 | 0 | 0 | $0 |
| Daniel Crestian Cunha | EVP and CFO | July 23, 2026 M | 665 | 0 | 0 | $0 |
| Izilda P Martins | EVP and CFO | March 13, 2025 M | 33,743 | 0 | 0 | $0 |
| John F North | EVP & Chief Financial Officer | April 17, 2020 M | 11,359 | 0 | 0 | $0 |
| Martyn Smith | Chief Financial Officer | Jan. 21, 2018 M | 725 | 0 | 0 | $0 |
| David B Wyshner | President & CFO | March 1, 2017 A | 168,124 | 0 | 0 | $0 |
| Patrick K Rankin | President, International | March 9, 2024 M | 68,815 | 0 | 0 | $0 |
| Mark J Servodidio | President, International | May 3, 2019 S | 60,711 | 0 | 0 | $0 |
| Thomas M Gartland | President, North America | Aug. 13, 2014 S | 60,649 | 0 | 0 | $0 |
| Ravi Simhambhatla | EVP, Chief Digital & Innovation Officer | Aug. 7, 2026 S | 18,810 | 0 | 4 | $-1,291,184 |
| Edward P Linnen | EVP, Chief HR Officer | April 30, 2026 S | 37,932 | 0 | 2 | $-1,728,900 |
| Jean M Sera | SVP, GC, CCO & Corp. Sec. | March 17, 2026 A | 37,484 | 0 | 0 | $0 |
| Cathleen Degenova | Chief Accounting Officer | March 17, 2026 A | 7,633 | 0 | 0 | $0 |
| Jagdeep Pahwa | Executive Chairman | March 17, 2026 M | 8,918 | 0 | 0 | $0 |
| Veresh Sita | EVP, CDIO (1) | June 10, 2021 P | 5,490 | 0 | 0 | $0 |
| Michael K Tucker | EVP and General Counsel | March 15, 2020 M | 77,674 | 0 | 0 | $0 |
| David T Calabria | SVP & Chief Accounting Officer | March 15, 2019 A | 11,050 | 0 | 0 | $0 |
| Ronald L Nelson | Executive Chairman | March 16, 2018 M | 499,775 | 0 | 0 | $0 |
| Scott W Deaver | EVP & CMO | Dec. 8, 2017 M | 85,674 | 0 | 0 | $0 |
| Patric Siniscalchi | Pres, Latin Amer, Asia&Pacific | Nov. 20, 2014 S | 34,704 | 0 | 0 | $0 |
| Brett Weinblatt | SVP, Chief Accounting Officer | Nov. 5, 2010 S | 7,520 | 0 | 0 | $0 |
| Karen C Sclafani | EVP & General Counsel | Dec. 23, 2009 S | 11,316 | 0 | 0 | $0 |
| John Mcclain | SVP, Chief Accounting Officer | May 2, 2007 M | 6,654 | 0 | 0 | $0 |
| Linda C Coughlin | Chief Administrative Officer | Aug. 15, 2006 M | 32,317 | 0 | 0 | $0 |
| James E Buckman | Vice Chmn. & General Counsel | Aug. 15, 2006 M | 77,288 | 0 | 0 | $0 |
| Scott E Forbes | Sr Exec VP; Grp Managing Dir. | May 6, 2005 D | 140,226 | 0 | 0 | $0 |
| Anu Hariharan | Director | Feb. 20, 2026 A | 1,373 | 0 | 0 | $0 |
| Glenn Lurie | Director | Feb. 20, 2026 A | 1,555 | 0 | 0 | $0 |
| Bernardo Hees | Director | Feb. 20, 2026 A | 119,113 | 0 | 0 | $0 |
| Lynn Krominga | Director | Feb. 20, 2026 A | 1,762 | 0 | 1 | $-178,503 |
| Carl Sparks | Director | Feb. 18, 2021 A | 11,406 | 0 | 0 | $0 |
| Jeffrey H Fox | Director | March 24, 2020 P | 10,000 | 0 | 0 | $0 |
| Robert F Salerno | Director | March 24, 2020 P | 35,717 | 0 | 0 | $0 |
| Leonard S Coleman JR | Director | Feb. 25, 2020 S | 0 | 0 | 0 | $0 |
| Sanoke Viswanathan | Director | Feb. 21, 2020 A | 13,868 | 0 | 0 | $0 |
| Francis Shammo | Director | Feb. 21, 2020 A | 8,513 | 0 | 0 | $0 |
| Eduardo G Mestre | Director | Feb. 22, 2019 A | 87,905 | 0 | 0 | $0 |
| John D. Hardy Jr. | Director | May 7, 2018 S | 0 | 0 | 0 | $0 |
| Stender E Sweeney | Director | May 4, 2018 A | 393 | 0 | 0 | $0 |
| Alun W Cathcart | Director | Feb. 17, 2017 A | 25,112 | 0 | 0 | $0 |
| Martin L Edelman | Director | Feb. 15, 2013 A | 64,674 | 0 | 0 | $0 |
| Sheli Z Rosenberg | Director | Feb. 15, 2008 A | 26,343 | 0 | 0 | $0 |
| Stephen P Holmes | Director | Aug. 15, 2006 M | 273,254 | 0 | 0 | $0 |
| George Herrera | Director | April 27, 2006 A | 15,756 | 0 | 0 | $0 |
| Pauline Richards | Director | April 27, 2006 A | 19,580 | 0 | 0 | $0 |
| Louise T Blouin Macbain | Director | April 27, 2006 A | 9,391 | 0 | 0 | $0 |
| Robert W Pittman | Director | April 27, 2006 A | 39,232 | 0 | 0 | $0 |
| Myra J Biblowit | Director | April 27, 2006 A | 29,092 | 0 | 0 | $0 |
| Cheryl D Mills | Director | April 27, 2006 A | 21,756 | 0 | 0 | $0 |
| Brian Mulroney | Director | April 27, 2006 A | 30,376 | 0 | 0 | $0 |
| Robert F Smith | Director | April 27, 2006 A | 32,256 | 0 | 0 | $0 |
| Robert E Nederlander | Director | April 27, 2006 A | 30,694 | 0 | 0 | $0 |
| William S Cohen | Director | Feb. 6, 2004 A | 13,914 | 0 | 0 | $0 |
| Pentwater Capital Management LP | 10% owner | March 13, 2026 X | 4,361,000 | 9 | 8 | $40,142,592 |
| CENDANT CORP | 10% owner | Jan. 31, 2005 J | 0 | 0 | 0 | $0 |
| SRS Investment Management, LLC | · | May 28, 2020 P | 16,688,940 | 0 | 0 | $0 |
| Mary C Choksi | · | Feb. 21, 2020 A | 75,177 | 0 | 0 | $0 |
| Virginia M Wilson | · | Sept. 4, 2005 M | 10,688 | 0 | 0 | $0 |
| Samuel L Katz | · | April 27, 2005 M | 167,709 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 82 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| BSJR · Invesco Exchange-Traded Self-Indexe… | 0.80% | 7,270,000 | Oct. 2, 2026 | Daily |
| BSJS · Invesco Exchange-Traded Self-Indexe… | 0.47% | 3,732,000 | Oct. 2, 2026 | Daily |
| RWK · Invesco Exchange-Traded Fund Trust … | 0.39% | 46,208 SH | Oct. 2, 2026 | Daily |
| IYT · iShares Trust | 0.28% | 45,129 SH | Sept. 11, 2026 | Daily |
| FXD · First Trust Exchange-Traded AlphaDE… | 0.27% | 5,207 NS | July 31, 2026 | N-PORT |
| FYC · First Trust Exchange-Traded AlphaDE… | 0.25% | 23,740 NS | July 31, 2026 | N-PORT |
| IXP · iShares Trust | 0.17% | 44,307 SH | Sept. 11, 2026 | Daily |
| SCZ · iShares Trust | 0.17% | 1,240,403 SH | Sept. 11, 2026 | Daily |
| TPOR · Direxion Shares ETF Trust | 0.13% | 168 NS | July 31, 2026 | N-PORT |
| VIGI · VANGUARD WHITEHALL FUNDS | 0.12% | 616,566 SH | Aug. 19, 2026 | Daily |
| SMDX · Tidal Trust III | 0.11% | 1,053 NS | July 31, 2026 | N-PORT |
| IQSM · New York Life Investments ETF Trust | 0.10% | 2,325 NS | July 31, 2026 | N-PORT |
| IVOG · VANGUARD ADMIRAL FUNDS | 0.09% | 11,712 SH | Aug. 19, 2026 | Daily |
| IGRO · iShares Trust | 0.09% | 62,513 SH | Sept. 11, 2026 | Daily |
| PDN · Invesco Exchange-Traded Fund Trust … | 0.08% | 17,489 SH | Oct. 2, 2026 | Daily |
| WSML · iShares Trust | 0.07% | 22,389 SH | Sept. 11, 2026 | Daily |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.07% | 27,354 SH | Aug. 19, 2026 | Daily |
| IPAC · iShares Trust | 0.07% | 107,422 SH | Sept. 11, 2026 | Daily |
| BKMC · BNY Mellon ETF Trust | 0.07% | 3,145 NS | July 31, 2026 | N-PORT |
| PTMC · Pacer Funds Trust | 0.07% | 1,881 NS | July 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.06% | 257,194 SH | Aug. 19, 2026 | Daily |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.06% | 5,901 NS | July 31, 2026 | N-PORT |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.05% | 3,937 SH | Oct. 2, 2026 | Daily |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.05% | 7,648 NS | July 31, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.05% | 2,150 NS | July 31, 2026 | N-PORT |
| VPL · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.05% | 384,397 SH | Aug. 19, 2026 | Daily |
| MIDU · Direxion Shares ETF Trust | 0.05% | 249 NS | July 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.05% | 10,348 SH | Sept. 11, 2026 | Daily |
| IVOV · VANGUARD ADMIRAL FUNDS | 0.04% | 4,368 SH | Aug. 19, 2026 | Daily |
| VYMI · VANGUARD WHITEHALL FUNDS | 0.04% | 410,019 SH | Aug. 19, 2026 | Daily |
| IYC · iShares Trust | 0.04% | 3,432 SH | Sept. 11, 2026 | Daily |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0.03% | 2,886 SH | Oct. 2, 2026 | Daily |
| SMMD · iShares Trust | 0.03% | 9,259 SH | Sept. 11, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.03% | 194,465 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.03% | 405,464 SH | Aug. 19, 2026 | Daily |
| VFMO · VANGUARD WELLINGTON FUND | 0.03% | 3,613 SH | Aug. 19, 2026 | Daily |
| IEFA · iShares Trust | 0.03% | 2,797,818 SH | Sept. 11, 2026 | Daily |
| IDEV · iShares Trust | 0.02% | 432,534 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.02% | 3,564 NS | July 31, 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0.02% | 19,589 SH | Oct. 2, 2026 | Daily |
| FIDU · FIDELITY COVINGTON TRUST | 0.02% | 3,473 NS | July 31, 2026 | N-PORT |
| VEU · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.02% | 844,371 SH | Aug. 19, 2026 | Daily |
| VEA · VANGUARD TAX-MANAGED FUNDS | 0.02% | 3,497,810 SH | Aug. 19, 2026 | Daily |
| VIS · VANGUARD WORLD FUND | 0.02% | 12,939 SH | Aug. 19, 2026 | Daily |
| VSGX · VANGUARD WORLD FUND | 0.02% | 73,409 SH | Aug. 19, 2026 | Daily |
| IWP · iShares Trust | 0.02% | 29,900 SH | Sept. 11, 2026 | Daily |
| IMFL · Invesco Exchange-Traded Self-Indexe… | 0.02% | 13,489 SH | Oct. 2, 2026 | Daily |
| IWR · iShares Trust | 0.02% | 72,722 SH | Sept. 11, 2026 | Daily |
| IXUS · iShares Trust | 0.02% | 527,002 SH | Sept. 11, 2026 | Daily |
| IWS · iShares Trust | 0.01% | 17,925 SH | Sept. 11, 2026 | Daily |
| NEAR · iShares U.S. ETF Trust | 0.01% | 714,000 SH | Sept. 9, 2026 | Daily |
| VXUS · VANGUARD STAR FUNDS | 0.01% | 5,321,708 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 350,566 SH | Aug. 19, 2026 | Daily |
| VEGN · ETF Series Solutions | 0.01% | 102 NS | July 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.01% | 269 NS | July 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.01% | 6,792 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.01% | 18,410 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.01% | 1,283 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 4,147 NS | July 31, 2026 | N-PORT |
| IUSG · iShares Trust | 0.00% | 10,566 SH | Sept. 11, 2026 | Daily |
| IWD · iShares Trust | 0.00% | 26,749 SH | Sept. 11, 2026 | Daily |
| DSI · iShares Trust | 0.00% | 1,626 SH | Sept. 11, 2026 | Daily |
| IWB · iShares Trust | 0.00% | 12,398 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.00% | 22,841 SH | Sept. 11, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.00% | 4,296 NS | July 31, 2026 | N-PORT |
| IYY · iShares Trust | 0.00% | 662 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 4,307 SH | Sept. 11, 2026 | Daily |
| IUSV · iShares Trust | 0.00% | 4,384 SH | Sept. 11, 2026 | Daily |
| IWF · iShares Trust | 0.00% | 19,565 SH | Sept. 11, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 561,013 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.00% | 2,830 SH | Aug. 19, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.00% | 7,284 SH | Aug. 19, 2026 | Daily |
| VONG · VANGUARD SCOTTSDALE FUNDS | 0.00% | 8,349 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 1,432 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.00% | 3,932 SH | Aug. 19, 2026 | Daily |
| IJH · iShares Trust | · | 595,122 SH | Sept. 11, 2026 | Daily |
| IJK · iShares Trust | · | 69,025 SH | Sept. 11, 2026 | Daily |
| IJJ · iShares Trust | · | 25,883 SH | Aug. 21, 2026 | Daily |
| XJH · iShares Trust | · | 2,305 SH | Sept. 8, 2026 | Daily |
| ISCB · iShares Trust | · | 774 SH | Sept. 11, 2026 | Daily |
| ISCV · iShares Trust | · | 3,838 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 12,317 SH | Sept. 11, 2026 | Daily |
CAR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 16 analysts
HOLD
Median target
$136.00
+22.3%
0 0.0%
Strong Buy
0 0.0%
Buy
9 56.2%
Hold
6 37.5%
Sell
1 6.2%
Strong Sell
12-Month Price Target
7 analysts · 2026-09-29Mean target $128.57 +15.6%
Now
Current price $111.22
Low$94.00
Mean$128.57
High$160.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
Latest News Recent headlines mentioning this company
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Avis Budget (CAR) Hits New All-Time High, Stock Firm Despite ‘Sell’ Reco
Yahoo Finance · 5 months, 1 week ago
Avis stock surges again, bringing monthly gains north of 600% as short squeeze risk remains high
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Source: SEC 10-Q filed Jul 29, 2026