Avis Budget Group (NASDAQ:CAR) Is Looking To Continue Growing Its Returns On Capital [Yahoo! Finance]
Avis Budget Group, Inc. (CAR)
Last avis budget group, inc. earnings: 2/19 04:00 pm
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US:NASDAQ Investor Relations:
ir.avisbudgetgroup.com
Company Research
Source: Yahoo! Finance
In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. So on that note, Avis Budget Group NASDAQ:CAR ) looks quite promising in regards to its trends of return on capital. Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. To calculate this metric for Avis Budget Group, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.068 = US$2.1b ÷ (US$34b - US$2.9b) (Based on the trailing twelve months to June 2024) Therefore, Avis Budget Group has an ROCE of 6.8%. On its own that's a low return on capital but it's in line with the industry's average re
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- Avis Budget Group, Inc. (NASDAQ: CAR) was downgraded by analysts at Northcoast Research from a "buy" rating to a "neutral" rating.MarketBeat
CAR
Earnings
- 10/31/24 - Miss
CAR
Sec Filings
- 11/12/24 - Form SC
- 11/12/24 - Form SC
- 11/4/24 - Form SC
- CAR's page on the SEC website