Hindsight Market

The Graveyard › 2001

Avis Rent A Car

AVI · Auto Services · NYSE · in our data September 24, 1997 to February 28, 2001 (3.4 years)

The first trading day in our data for Avis Rent A Car is September 24, 1997 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on April 3, 1998, the market valued it at $1.2 billion. It left the market when it was bought or merged, last trading at $32.98, -11.9% from its split-adjusted high. Holders got whatever the deal paid, which is not in our price data.

1997-092001-02
Peak market value$1.2 billionApril 3, 1998
Highest split-adjusted share price$37.44February 5, 1998
Last share price$32.98February 28, 2001
From its split-adjusted high to the end-11.9%
Return over the days in our data+46.6%with dividends, before the last trade
Worst single day-20.8%May 24, 1999

Share prices are adjusted for splits and other share changes, so the high and the last price compare like for like; the peak market value is as it was on the day. The return covers the trading days in our data only: it does not include what holders received, or lost, after the last trade (a merger payout, a bankruptcy), and it does not reach back before 1997.

Could you have seen it coming? Play Dot-com

Also gone in 2001: Auto Services