Avis Budget Group operates two brands in the global vehicle rental industry through Avis and Budget. Avis is a rental car supplier positioned to serve the commercial and leisure segments of the travel industry, and Budget is a rental car supplier focused primarily on more value-conscious segments of the industry. It operates in three segments: North America, International and United States.

TypePublic
HQParsippany, US
Founded1946
Size (employees)30,000 (est)
Websiteavisbudgetgroup.com
Avis Budget Group was founded in 1946 and is headquartered in Parsippany, US
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Key People/Management at Avis Budget Group

Mark J. Servodidio

Mark J. Servodidio

President, International
Larry De Shon

Larry De Shon

Chief Executive Officer and Chief Operating Officer
Scott Deaver

Scott Deaver

Executive Vice President and Chief Marketing Officer
Michael K. Tucker

Michael K. Tucker

Executive Vice President and General Counsel
Gerard Insall

Gerard Insall

Executive Vice President and Chief Information Officer
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Avis Budget Group Office Locations

Avis Budget Group has an office in Parsippany
Parsippany, US (HQ)
6 Sylvan Way
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Avis Budget Group Financials and Metrics

Avis Budget Group Revenue

Avis Budget Group's revenue was reported to be $8.66 b in FY, 2016 which is a 1.8% increase from the previous period.
USD

Revenue (Q2, 2018)

4.3b

Net income (Q2, 2018)

(61.0m)

Market capitalization (15-Oct-2018)

2.6b

Closing stock price (15-Oct-2018)

32.5

Cash (30-Jun-2018)

489.0m

EV

5.6b
Avis Budget Group's current market capitalization is $2.6 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

7.9b8.5b8.5b8.7b

Revenue growth, %

7%0%2%

Cost of goods sold

4.1b4.3b4.3b4.4b

Gross profit

3.9b4.2b4.2b4.3b
Quarterly
USDQ1, 2018Q2, 2018

Revenue

2.0b4.3b

General and administrative expense

296.0m617.0m

Operating expense total

2.1b4.4b

Interest expense

46.0m95.0m
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

482.0m911.0m534.0m606.0m693.0m624.0m452.0m490.0m

Current Assets

1.9b1.8b1.6b1.8b

PP&E

614.0m638.0m681.0m685.0m

Goodwill

691.0m842.0m973.0m1.0b
Quarterly
USDQ1, 2018Q2, 2018

Cash

544.0m489.0m

Current Assets

2.1b2.2b

PP&E

716.0m715.0m

Goodwill

1.1b1.0b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

16.0m245.0m313.0m163.0m

Accounts Payable

(28.0m)(3.0m)(79.0m)(9.0m)

Cash From Operating Activities

2.3b2.6b2.6b2.6b

Cash From Investing Activities

(2.2b)(2.8b)(2.8b)(2.1b)
Quarterly
USDQ1, 2018Q2, 2018

Net Income

(87.0m)(61.0m)

Accounts Payable

109.0m141.0m

Cash From Operating Activities

503.0m1.1b

Cash From Investing Activities

(1.7b)(3.7b)
USDY, 2018

EV/CFO

5 x

Financial Leverage

56.2 x
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Avis Budget Group Operating Metrics

FY, 2014FY, 2015Nov, 2016FY, 2016May, 2017Aug, 2017

Car Rental Locations

10 k11 k11 k11 k11 k11 k

Locations

2.55 k2.70 k2.75 k

Transactions

35 m38 m33 m39 m34 m34 m

Vehicle Fleet

545 k580 k56 k600 k580 k580 k
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Avis Budget Group Revenue Breakdown

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Avis Budget Group revenue breakdown by geographic segment: 29.3% from International and 70.7% from Americas

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Avis Budget Group Online and Social Media Presence

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Avis Budget Group News and Updates

Avis Budget Group to Announce Third Quarter 2018 Results on November 5

Conference Call to Discuss Results Scheduled for November 6, 2018 Conference Call to Discuss Results Scheduled for November 6, 2018

Avis Budget Group Partners With Brightline to Support Multi-Modal Transportation

Company to make Avis and Zipcar vehicles available at train stations in Miami, Fort Lauderdale and West Palm Beach to enable last-mile connectivity Company to make Avis and Zipcar vehicles available at train stations in Miami, Fort Lauderdale and West Palm Beach to enable last-mile connectivity

Car Rentals 2018 Global Market Key Players - Payless Car Rental, EuropCar, The Hertz Corporation, Avis Budget Group, Inc., Al-Futtaim Group......

Car Rentals – Global Market Growth, Opportunities, Analysis of Top Key Players and Forecast to 2023 Posted via Industry Today. Follow us on Twitter @IndustryToday

Avis Budget Group Asia, 제29회 연례 TTG 트래블 어워즈 2018에서 최고의 자동차 렌탈 회사로 선정

태국 방콕, Sept. 28, 2018 (GLOBE NEWSWIRE) -- Avis Budget Group Asia가 TTG 트래블 트레이드 퍼블리싱(TTG Travel Trade Publishing) 독자들이 투표한 제29회 연례 TTG 트래블 어워즈(Annual TTG Travel Awards) 2018에서 ‘최고의 자동차 렌탈 회사(Best Car Rental Company)’로 선정됐다.

Avis Budget Group Asia Dinobatkan Sebagai Syarikat Kereta Sewa Terbaik pada Anugerah Pelancongan TTG Tahunan ke-29 2018

BANGKOK, Thailand, Sept. 28, 2018 (GLOBE NEWSWIRE) -- Avis Budget Group Asia telah terpilih sebagai Syarikat Kereta Sewa Terbaik pada Anugerah Pelancongan TTG Tahunan ke-29 2018, yang diundi oleh pembaca penerbitan bercetak dan dalam talian TTG Travel Trade Publishing.
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Avis Budget Group Blogs

Avis Budget Group Acquires Turiscar Group in Portugal

Avis Budget Group Acquires Turiscar Group in Portugal Neil.Lawrence@… Wed, 10/03/2018 - 15:09 Avis Budget Group Acquires Turiscar Group in Portugal Oct 03,2018 This release is a backfill from a News Wire Financial News …

Gen Z and Millennials Say There’s So Much More to College Than Life on Campus, According to New Zipcar Study

Zipcar survey reveals today’s students seek off-campus experiences to enhance college years BOSTON , Oct. 01, 2018 (GLOBE NEWSWIRE) -- According to a new survey by Zipcar, the world’s leading car-sharing network, in conjunction with OnePoll, four times as many recent grads and college students

Avis Budget Group Announces Intention to Offer €350 Million of Senior Notes

PARSIPPANY, N.J. , Sept. 25, 2018 (GLOBE NEWSWIRE) --  Avis Budget Group, Inc. (NASDAQ: CAR) announced today that its wholly-owned subsidiary, Avis Budget Finance plc , intends, subject to market and other customary conditions, to offer €350 million aggregate principal amount of senior notes due

Avis Budget Group Company Life and Culture

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