CAR - Sector: Services---Industry: Rental & Leasing

[setravis]

Profile:  

 
Avis Budget Group, Inc.
6 Sylvan Way
Parsippany, NJ 07054
United States - Map
Phone: 973-496-4700
Fax: 212-413-1924
Web Site: http://www.avisbudgetgroup.com

DETAILS  
Index Membership: N/A
Sector: Services
Industry: Rental & Leasing Services
Full Time Employees: 17,000


BUSINESS SUMMARY  
Avis Budget Group, Inc. provides car and truck rentals, and ancillary services to businesses and consumers in the United States and internationally. The company supplies rental cars to the premium commercial and leisure segments of the travel industry under the Avis brand name; and to the price-conscious segments of the industry under the Budget brand name. It also provides Avis Preferred, a counter bypass program; Where2, a GPS navigation system; Avis Cool Cars, a line of fun-to-drive vehicles; Roving Rapid Return, a wireless technology, which permits customers to obtain a printed charge record from service agents; Avis Access, a program for drivers and passengers with disabilities; Avis Interactive, a management tool for corporate clients to view and analyze their rental activity via Internet through account analysis and activity reports; Avis First Program, a customer loyalty program that rewards customers with additional benefits for frequent rentals; and Chauffeur Drive, a service, which allows customers to hire a professional driver to drive their Avis rental car. In addition, the company offers Fastbreak, an expedited rental service for frequent travelers; Budget Small Business Program, a program for small businesses that offers discounted rates and central billing options; and Unlimited Budget, a loyalty program for travel professionals. Further, it engages in the sale and/or rental of supplemental equipment, loss damage waivers, additional/supplemental liability insurance, personal accident/effects insurance, fuel service options, fuel service charges, and electronic toll collection. It was formerly known as Cendant Corporation and changed its name to Avis Budget Group, Inc. in August 2006. Avis Budget Group was founded in 1946 and is based in Parsippany, New Jersey.

[setravis]

Double Bottom (Reversal) Pattern...

The double bottom is a major reversal pattern that forms after an extended downtrend. As its name implies, the pattern is made up of two consecutive troughs that are roughly equal, with a moderate peak in-between.

Although there can be variations, the classic double bottom usually marks an intermediate or long-term change in trend. Many potential double bottoms can form along the way down, but until key resistance is broken, a reversal cannot be confirmed.

It is important to remember that the double bottom is an intermediate to long-term reversal pattern that will not form in a few days. Even though formation in a few weeks is possible, it is preferable to have at least 4 weeks between lows. Bottoms usually take longer than tops to form and patience can often be a virtue. Give the pattern time to develop and look for the proper clues. The advance off of the first trough should be 10-20%. The second trough should form a low within 3% of the previous low and volume on the ensuing advance should increase. Volume indicators such as Chaikin Money Flow, OBV and Accumulation/Distribution can be used to look for signs of buying pressure. Just as with the double top, it is paramount to wait for the resistance breakout. The formation is not complete until the previous reaction high is taken out.


Technicals
Last Price Quote is:
66.19%above 13-day MA
86.72%above 50-day MA
RS Rating: 93 

Fundamentals
Key Data:
Market Cap (M): $96.49 
P/E Ratio: 12.19 
PEG Ratio: -0.128571 
Next Earnings: 05/05/2009
Last Analyst Rating: Underweight


Below are the 6 month and 1 year charts...

[setravis]

Avis Budget Group Obtains Commitment for Approximately $325 Million in Lease Financing
On Tuesday May 26, 2009, 8:00 am EDT

PARSIPPANY, NJ--(MARKET WIRE)--May 26, 2009 -- Avis Budget Group, Inc. (NYSE:CAR - News) announced today that it has obtained commitments for approximately $325 million of operating lease financing for vehicles it plans to add to its U.S. car rental fleet over the next four months.

"This transaction represents another important step in the evolution and expansion of our fleet financing to reflect the changes that have occurred in the credit markets," said David B. Wyshner, Avis Budget Group Executive Vice President and Chief Financial Officer. "With this financing, we are not only obtaining additional liquidity at competitive rates; we are also executing against a funding strategy that anticipates a rebound in car rental demand in 2010."

Forward-Looking Statements

Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", "may increase", "may fluctuate", "forecast" and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. Any statements that refer to expectations or other characterizations of future events, circumstances or results, including all statements related to 2009, are forward-looking statements.

Various risks that could cause future results to differ from those expressed by the forward-looking statements included in this press release include, but are not limited to, a weaker-than-anticipated economic environment, the high level of competition in the vehicle rental industry, greater-than-expected cost increases for new vehicles, disposition of vehicles not covered by manufacturer repurchase programs, the financial condition of the manufacturers of our cars, including Chrysler, which has filed for Chapter 11 bankruptcy protection, and General Motors, which has been given until June by the Treasury Department to work out a restructuring plan, a greater-than-anticipated downturn in airline passenger traffic, an occurrence or threat of terrorism, our ability to obtain financing for our operations, including the funding of our vehicle fleet via the asset-backed securities market, including our ability to issue debt under the TALF program and the financial condition of financial-guaranty firms that have insured a portion of our outstanding vehicle-backed debt, higher-than-expected fuel costs, fluctuations related to the mark-to-market of derivatives which hedge our exposure to exchange rates, interest rates and fuel costs, the Company's ability to meet or amend financial covenants associated with its borrowings and the Company's ability to accurately estimate its future results and implement its strategy for cost savings and growth, particularly in the current environment. Other unknown or unpredictable factors also could have material adverse effects on Avis Budget Group's performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this press release may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this press release. Important assumptions and other important factors that could cause actual results to differ materially from those in the forward-looking statements are specified in Avis Budget Group's Annual Report on Form 10-K for the year ended December 31, 2008 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2009 included under headings such as "Forward-Looking Statements", "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and in other filings and furnishings made by the company with the SEC from time to time. Except for the Company's ongoing obligations to disclose material information under the federal securities laws, the Company undertakes no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events unless required by law.

About Avis Budget Group, Inc.

Avis Budget Group is a leading provider of vehicle rental services, with operations in more than 70 countries. Through its Avis and Budget brands, the company is the leading general-use vehicle rental company in each of North America, Australia, New Zealand and certain other regions based on published airport statistics. Avis Budget Group is headquartered in Parsippany, N.J. and has more than 26,000 employees. For more information about Avis Budget Group, visit www.avisbudgetgroup.com.

Contact:
     Media Contact
     John Barrows
     (973) 496-7865
     
     Investor Contact
     David Crowther
     (973) 496-7277
     

[setravis]

Air Canada Names Avis and Budget Rent A Car as Preferred Car Rental Suppliers Worldwide
On Wednesday May 27, 2009, 11:17 am EDT

PARSIPPANY, NJ--(MARKET WIRE)--May 27, 2009 -- Avis Budget Group, Inc. today announced that Avis and Budget have been exclusively selected as Air Canada's preferred worldwide car rental suppliers. Air Canada customers can now reserve a rental car from Avis or Budget with greater ease and convenience by shopping and selecting their Avis or Budget vehicle on aircanada.com.

"Air Canada customers can make Avis and Budget rental reservations faster and with fewer steps," said Stephen Wright, vice president of key accounts for North America. "Business and leisure travelers alike will benefit from renting from Avis, a premium brand with its world-renowned 'We try harder' service, as well as Budget, the best value in the market."

Air Canada customers will also enjoy special offers and benefits that will allow them to customize their car rental experience, including time-saving amenities such as where2® GPS navigation, electronic toll collection solutions, a paperless alternative to rental receipts with e-Receipt, an automated car rental return process, and express rental service with Avis Preferred and Budget Fastbreak.

Ben Smith, executive vice president and chief commercial officer at Air Canada, added: "Air Canada customers will now have more choice and convenience than ever before though our alliance with two of the world's best known car rental companies. The Avis and Budget brands resonate with and are trusted by travelers the world over, and this agreement enables us to further enhance the one-stop shopping experience provided by aircanada.com. Customers can now take advantage of great car rental rates at Avis and Budget locations in Canada, the United States and Europe."

About Air Canada

Montreal-based Air Canada provides scheduled and charter air transportation for passengers and cargo to more than 170 destinations on five continents. Canada's flag carrier is the 14th largest commercial airline in the world and serves 32 million customers annually with a fleet consisting of 340 aircraft. Air Canada is a founding member of Star Alliance, providing the world's most comprehensive air transportation network.

About Avis Budget Group

Avis Budget Group, Inc. (NYSE:CAR - News) is a leading provider of vehicle rental services, with operations in more than 70 countries. Through its Avis and Budget brands, the Company is the largest general-use vehicle rental company in each of North America, Australia, New Zealand and certain other regions based on published airport statistics. Avis Budget Group is headquartered in Parsippany, N.J. and has more than 26,000 employees. For more information about Avis Budget Group, visit www.avisbudgetgroup.com.


     

[setravis]

Chart School...Flag & Pennant continuation pattern.
Now that was a Very Powerful Continuation Pattern...

Technicals
Last Price Quote is:
36.78%above 13-day MA
107.06%above 50-day MA
RS Rating: 99 

Fundamentals
Key Data:
Market Cap (M): $387.78 
P/E Ratio: 12.19 
PEG Ratio: N/A 
Next Earnings: 08/05/2009
Last Analyst Rating: Underweight

[setravis]

Picture of Power ^^^ - Momentum Investing Insight Equity Research Group

Three keys to becoming a successful equity trader/investor:

1. Trading System / Your Edge (surprisingly, the least important)
2. Money Management (Timing the Entry, Position Size, Booking Gains, Cuting Losses)
3. Trading State Management - A Thinking System

+ There is an 'Internal Dialogue' that can let you flow in and out of trades taking away the anxiety to investing.
+ With the proper 'Thinking System' a trader/investor can 'pull' more and bigger profits out of the market - long or short.
+ Become a 'MASTER' at Momentum and Market Timing- 'Map Syntax'.
+ 'Rules of Engagement' - Know when to enter, when to stay put and when to close the trade. Build an assembly line for profits.
+ Trade what you see, not what you think.

*************************************************************
IE PARTNERSHIP PROGRAM - Rid yourself of 'Boom to Bust' and get on a path to 'CONSISTENT' Profitablity ^^^^ 

Stocks are chosen using a proprietary investment methodology based on 'historical precedent analysis' of past stock market winners. InSight Equity is a 'Performance Driven' research effort that focuses on finding the best stocks the market has to offer based upon price strength foremost and fundamentals secondly.

All charts are strictly for illustrative purposes.No investment decisions should be made based on the analysis here.
WARNING: Momentum investing can lead to large losses. Very important to have a sound money management strategy that emphasizes stop losses.

Flags and Pennants are short-term continuation patterns that mark a small consolidation before the previous move resumes. These patterns are usually preceded by a sharp advance or decline with heavy volume, and mark a mid-point of the move.

[setravis]

Updated chart look...
The Golden Cross

[setravis]

zoom...zoom...zoom 

•Rental car stocks jump after Hertz issues outlook...
•Auto Rental Stocks Jump On Hertz Guidance...
Hertz comments about car rentals stabilizing. Hertz [HTZ  8.129    1.119  (+15.96%)   ] up 13 percent, Thrifty [DTG  13.64    2.68  (+24.45%)   ] up 23 percent, Avis [CAR  5.29    0.84  (+18.88%)   ] up 17 percent. Hertz says U.S. and European demand is stabilizing and the outlook for summer reservations has improved. Full year guidance is well ahead of Street estimates, and seems to be based on an actual improvement in demand, not just cost savings or higher prices.


Technicals
Last Price Quote is:
16.59%above 13-day MA
44.27%above 50-day MA
RS Rating: 99 

Fundamentals
Key Data:
Market Cap (M): $449.86 
P/E Ratio: 12.19 
PEG Ratio: N/A 
Next Earnings: 08/05/2009
Last Analyst Rating: Equal Weight

[setravis]

Avis Cool Car Collection Welcomes Legendary Chevrolet Camaro to the Streets
Press Release
Source: Avis Rent A Car System, LLC
On Thursday June 25, 2009, 10:28 am EDT

Avis Rent A Car System, LLC today announced that the much-anticipated Chevrolet Camaro joins the Company's 'Cool Car' collection, a series of popular vehicles that can be reserved by specific make and model.

One of America's great muscle cars, the Chevrolet Camaro debuted in 1967. Featured in films and songs throughout its 35-year life, the Camaro remained popular even after its production ceased in 2002. In 2006, General Motors announced plans to reintroduce the Camaro and new models began production in 2009.

The 2010 Chevrolet Camaro is available with automatic transmission. Renters can choose from the Camaro LT that features a 304-horsepower 3.6-liter V6 engine or the Camaro SS with a 426-horsepower 6.2-liter V8 engine and rear spoiler. The vehicles are available at select Avis airport locations in the United States.

"We are thrilled to be the only car rental company to offer the long-awaited Camaro," said Becky Alseth, senior vice president of marketing for Avis Budget Group, Inc., parent company of Avis. "Leisure travelers and car enthusiasts who come to Avis will be among the first to drive one of the coolest cars of all-time."

The Camaro joins a diverse fleet of Avis vehicles, including more than 100 different makes and models offered in an expanded variety of car classes. Other popular vehicles in the Cool Car collection include the Chevrolet Corvette, Cadillac CTS, Ford Mustang and Toyota Prius.

For more information or to make a reservation, visit www.avis.com/camaro.

About Avis

Avis Rent A Car System, LLC and its subsidiaries operate one of the world's leading car rental brands, providing business and leisure customers with a wide range of services at approximately 2,200 locations in the United States, Canada, Australia, New Zealand and the Latin American / Caribbean region. The company is a wholly owned subsidiary of Avis Budget Group, Inc. (NYSE:CAR - News). For more information, visit www.avis.com.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1011277

[setravis]

zoom...zoom...zoom 

updated chart scene...   

[setravis]

zoom...zoom...zoom    
Keeps on keeping on...


52wk Range: N/A
Volume: 3,004,559
Avg Vol (3m): N/A

Technicals
Last Price Quote is:
16.24%above 13-day MA
44.39%above 50-day MA
RS Rating: 99 

Fundamentals
Key Data:
Market Cap (M): $584.21 
P/E Ratio: 12.19 
PEG Ratio: N/A 
Next Earnings: 08/05/2009
Last Analyst Rating: Equal Weight

[setravis]

updated chart scene...

Avis Budget Group Reports Results for Second Quarter 2009
-- Second quarter revenue totaled $1.3 billion. -- Second quarter EBITDA was $67 million and pretax income was $6 million excluding restructuring costs. -- Second quarter pretax loss was $2 million. -- Continued to be in full compliance with the financial covenants under its senior credit facility. -- Achieving targeted cost savings, which are now expected to be at a $400 million annual run-rate by year-end.


Technicals
Last Price Quote is:
18.97%above 13-day MA
56.83%above 50-day MA
RS Rating: 99 

Fundamentals
Key Data:
Market Cap (M): $870.21 
P/E Ratio: 12.19 
PEG Ratio: N/A 
Next Earnings: 11/05/2009
Last Analyst Rating: Equal Weight

[setravis]

updated chart look...

[setravis]

updated chart scene...
zoom zoom zoom ! 

[setravis]

took a dip, presented the buy in opportunity...