Craft

Avis Budget Group

Stock Price

$82

2024-08-30

Market Capitalization

$3.2 B

2024-08-26

Revenue

$12 B

FY, 2023

Avis Budget Group Summary

Company Summary

Overview
Avis Budget Group is a provider of car and truck rentals, car sharing, and ancillary services to businesses and consumers. It operates the Avis brand, a vehicle rental system that supplies rental cars to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local and one-way truck rental business; and the Zipcar brand, a car sharing network. The company also operates other car rental brands, such as Payless, Apex, Maggiore, Morini Rent, FranceCars, and Turiscar. In addition, it offers optional insurance products and coverages, such as supplemental liability, personal accident, personal effects protection, emergency sickness protection, and cargo insurance products; fuel service options, chauffeur drive services, roadside assistance services, electronic toll collection services, curbside delivery, tablet rentals, access to satellite radio, portable navigation units, and child safety seat rentals; automobile towing equipment and other moving accessories, such as hand trucks, furniture pads, and moving supplies; and Business Intelligence solution, an online portal for corporate travel.
Type
Public
Status
Active
Founded
1946
HQ
Parsippany-Troy Hills, NJ, US | view all locations
Website
http://avisbudgetgroup.com
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key People

  • Joe Ferraro

    Joe Ferraro, President and Chief Executive Officer

    • Keith Rankin

      Keith Rankin, President, International

      • Tracey Zhen

        Tracey Zhen, President, Zipcar

        • Izzy Martins

          Izzy Martins, Executive Vice President, Americas

        Operating MetricsView all

        Car Rental Locations

        10.6K
        3.6%

        FY, 2020

        Locations (Other Brands)

        580

        FY, 2020

        Locations (Budget Brand)

        3.8K
        3.2%

        FY, 2020

        LocationsView all

        2 locations detected

        • Parsippany-Troy Hills, NJ HQ

          United States

          6 Sylvan Way, Parsippany

        • Tulsa, OK

          United States

          Tulsa, OK

        Avis Budget Group Financials

        Summary Financials

        Revenue (Q2, 2024)
        $3.0B
        Net income (Q2, 2024)
        $15.0M
        Cash (Q2, 2024)
        $511.0M
        Enterprise value
        $7.9B

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