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Avis Budget Group provides vehicle rental and car sharing services, operating under three brands: Avis, Budget and Zipcar. Co. also provides Unlimited Budget, a loyalty incentive program for travel agents, and the Budget Small Business Program, a program with discounted rates, central billing options and rental credits to its members. Co. has three segments: North America, which provides car rentals in the U.S. and vehicle rentals in Canada, and ancillary products and services; International, which provides and licenses Co.'s brands to third parties for vehicle rentals and ancillary products and services; and Truck Rental, which provides truck rentals and ancillary products and services. According to our CAR split history records, Avis Budget Group has had 4 splits.
CAR split history picture
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 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 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 0 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 6000 share position pre-split, became a 37500 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 37500 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. CAR split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 11/29/2004
End date: 11/26/2014
Start price/share: $35.92
End price/share: $60.83
Starting shares: 278.40
Ending shares: 299.47
Dividends reinvested/share: $2.54
Total return: 82.17%
Average Annual Total Return: 6.18%
Starting investment: $10,000.00
Ending investment: $18,211.93
Years: 10.00
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 11/29/2004
End date: 11/26/2014
Start price/share: $35.92
End price/share: $60.83
Dividends collected/share: $2.54
Total return: 76.41%
Average Annual Total Return: 5.84%
Starting investment: $10,000.00
Ending investment: $17,637.25
Years: 10.00
Date Ratio
10/28/19872 for 1
05/07/19923 for 1
09/05/20061 for 10
08/01/2006100 for 16
CAR is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:

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