Avis Budget Group Inc (CAR) Stock Split History

Avis Budget Group Inc has split its stock 8 times since its initial public offering (IPO). The first stock split occurred on March 19, 1985 with the ratio of 3-for-2, meaning that for 2 shares of CAR owned pre-split, shareholders then owned 3 shares. 7 more splits have been implemented since then. The most recent stock split took place on September 05, 2006 on a 1-for-10 basis.

These splits have increased CAR stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Avis Budget Group Inc's total market capitalization.

For more detailed information of Avis Budget Group Inc's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Avis Budget Group Inc has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when CAR stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Avis Budget Group Inc's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.