Avis Budget Group

Avis Budget Group, Inc. (Avis Budget) 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, consisting of its Avis and Budget car rental operations in the United States and its Avis and Budget vehicle rental operations in Canada; International, consisting of its Avis and Budget vehicle rental operations in Europe, the Middle East, Asia, Africa, South America, central America, the Caribbean, Australia and New Zealand, and Truck Rental, consisting of its Budget truck rental operations in the United States. On October 3, 2011, the Company acquired Avis Europe plc. In July 2013, Avis Budget Group Inc acquired Payless Car Rental.
Company Growth (employees)
Type
Public
HQ
Parsippany, US
Founded
1946
Size (employees)
30,000 (est)
Avis Budget Group was founded in 1946 and is headquartered in Parsippany, US

Key People at Avis Budget Group

Mark Servodidio

Mark 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 Tucker

Michael Tucker

Executive Vice President and General Counsel
Gerard Insall

Gerard Insall

Executive Vice President and Chief Information Officer
David Wyshner

David Wyshner

President and Chief Financial Officer

Avis Budget Group Office Locations

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

Avis Budget Group Metrics

Avis Budget Group Financial Metrics

Revenue (2016)

$8.7 b

Revenue growth (2015-16), %

2%

Gross profit

$4.3 b

Gross profit margin (2016), %

49%

Net income (2016)

$163 m

Market capitalization (21-Mar-2017)

$2.6 b

Closing share price (21-Mar-2017)

$32

Cash (31-Dec-2016)

$490 m
Avis Budget Group's current market capitalization is $2.6 b.
Avis Budget Group's revenue was reported to be $8.7 b in FY, 2016 which is a 1.8% increase from the previous period.
FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$7.9 b$8.5 b$8.5 b$8.7 b

Revenue growth, %

7%0%2%

Cost of goods sold

$4.1 b$4.3 b$4.3 b$4.4 b

Gross profit

$3.9 b$4.2 b$4.2 b$4.3 b

Gross profit Margin, %

49%50%50%49%

Pre tax profit

$97 m$392 m$382 m$279 m

Net Income

$16 m$245 m$313 m$163 m
Y, 2009Y, 2010Y, 2011Y, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$482 m$911 m$534 m$606 m$693 m$624 m$452 m$490 m

Current Assets

$1.9 b$1.8 b$1.6 b$1.8 b

PP&E

$614 m$638 m$681 m$685 m

Goodwill

$691 m$842 m$973 m$1 b

Total Assets

$16.3 b$17 b$17.6 b$17.6 b

Accounts Payable

$1.5 b$1.5 b$1.5 b$1.5 b

Total Debt

$3.3 b$3.4 b$3.4 b$3.2 b

Current Liabilities

$1.6 b$1.5 b$1.5 b$1.8 b

Additional Paid-in Capital

$7.9 b$7.2 b$7 b$6.9 b

Retained Earnings

($2.4 b)($2.1 b)($1.8 b)($1.6 b)

Total Equity

$439 m$221 m

Debt to Equity Ratio

7.8 x14.7 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x0.2 x

Financial Leverage

40.2 x79.8 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$16 m$245 m$313 m$163 m

Accounts Payable

($28 m)($3 m)($79 m)($9 m)

Cash From Operating Activities

$2.3 b$2.6 b$2.6 b$2.6 b

Cash From Investing Activities

($2.2 b)($2.8 b)($2.8 b)($2.1 b)

Short-term Borrowings

($36 m)$5 m($22 m)$4 m

Cash From Financing Activities

$76 m$182 m$115 m($438 m)

Income Taxes Paid

($14 m)$37 m($18 m)$5 m

Avis Budget Group Market Value History

Avis Budget Group Online Presence

Avis Budget Group News

Avis Budget Group Company Life

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