Split History
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Avis Budget Group (CAR) has 4 splits in our CAR split history database. The first split for CAR took place on October 28, 1987. This was a 2 for 1 split, meaning for each share of CAR owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. CAR's second split took place on May 07, 1992. This was a 3 for 1 split, meaning for each share of CAR owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 6000 share position following the split. CAR's third split took place on September 05, 2006. This was a 1 for 10 reverse split, meaning for each 10 shares of CAR owned pre-split, the shareholder now owned 1 share. For example, a 6000 share position pre-split, became a 600 share position following the split. CAR's 4th split took place on August 01, 2006. This was a 100 for 16 split, meaning for each 16 shares of CAR owned pre-split, the shareholder now owned 100 shares. For example, a 600 share position pre-split, became a 3750 share position following the split.
When a company such as Avis Budget Group splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. When a company such as Avis Budget Group conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the CAR split history from start to finish, an original position size of 1000 shares would have turned into 3750 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Avis Budget Group shares, starting with a $10,000 purchase of CAR, presented on a split-history-adjusted basis factoring in the complete CAR split history.
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 10/07/2013 | |
| End date: | 10/04/2023 | |
| Start price/share: | $29.52 | |
| End price/share: | $169.69 | |
| Dividends collected/share: | $0.00 | |
| Total return: | 474.83% | |
| Average Annual Total Return: | 19.12% | |
| Starting investment: | $10,000.00 | |
| Ending investment: | $57,496.14 | |
| Years: | 10.00 | |
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| About Avis Budget Group |
| Avis Budget Group is a provider of mobility solutions through its three brands, Avis, Budget and Zipcar, together with several other brands. Co.'s segments are: Americas, which provides and licenses its brands to third parties for vehicle rentals and ancillary products and services in North America, South America, Central America and the Caribbean, and operates its car sharing business in certain of these markets; and International, which provides and licenses its brands to third parties for vehicle rentals and ancillary products and services in Europe, the Middle East, Africa, Asia and Australasia, and operates its car sharing business in certain of these markets. According to our CAR split history records, Avis Budget Group has had 4 splits. |
| CAR Split History Table | |
| Date | Ratio |
| 10/28/1987 | 2 for 1 |
| 05/07/1992 | 3 for 1 |
| 09/05/2006 | 1 for 10 |
| 08/01/2006 | 100 for 16 |
| Services Stock Splits |
| CAR is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:
CASY Split History Also explore: CAR shares outstanding history
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