Avis Budget Group

CAR

Rental & Leasing Services · Industrials

Also trades as: 0HK4.L

Price

$146.61

+2.63 (+1.83%)

Market Cap

$5.18B

Exchange

NASDAQ

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Strong

Growth

Weak

Cash Flow

Weak

Stability

Weak

Valuation

Data not available

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Share count falling — buybacks

−46.7% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 66.1M (2021) → 35.2M (2025)

Winston Score History

The full picture

Avis Budget Group rents cars and trucks to people who need temporary transportation. Its main brands are Avis, Budget, and Zipcar, serving both business travelers and everyday consumers at airports, train stations, and neighborhood locations. The company is one of the largest car rental operators in the world, competing primarily against Enterprise and Hertz.

The company makes money by charging daily or weekly rental fees, plus add-ons like insurance, GPS, and fuel options. Avis Budget operates across North America, Europe, Australia, and other international markets, with a fleet of hundreds of thousands of vehicles. Its scale and brand recognition provide some competitive advantage, but the business is heavily exposed to vehicle costs — buying, financing, and eventually selling used cars — which means fluctuating used-car prices and rising interest rates are the biggest risks to profitability going forward.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-1.3% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+818.2% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

1.6%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~2 months

$2.1B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Avis Budget Group has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

72.3%

Premium pricing power — 72.3% gross margin

Profit after running costs

Operating Margin

60.2%

Excellent — 60.2% operating margin

Return on the money invested

ROCE

8.6%

Below par — 8.6% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

+0.4%

Nearly flat sales (+0.4% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-117.9%

Burning cash (-117.9%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

N/A

—

Data not available

Covers its interest

Interest Cover

2.89x

Tight — interest eats into profit (2.9x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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