OverviewSuggest Edit

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.
TypePublic
Founded1946
HQParsippany-Troy Hills, US
Websiteavisbudgetgroup.com
Employee Ratings3.3
Overall CultureD

Latest Updates

Employees (est.) (Dec 2019)21,200
Job Openings206
Revenue (FY, 2019)$9.2 B
Share Price (Nov 2020)$36.7 (+5%)
Cybersecurity ratingAMore

Key People/Management at Avis Budget Group

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
Brian Choi

Brian Choi

Chief Financial Officer
Inderpal S. Lall

Inderpal S. Lall

Legal Director, International
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Avis Budget Group Office Locations

Avis Budget Group has offices in Parsippany-Troy Hills, Tulsa and Bracknell
Parsippany-Troy Hills, US (HQ)
6 Sylvan Way, Parsippany
Tulsa, US
Tulsa, OK
Bracknell, GB
Park Rd
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Avis Budget Group Financials and Metrics

Avis Budget Group Revenue

Avis Budget Group's revenue was reported to be $9.17 b in FY, 2019
USD

Revenue (Q3, 2020)

1.5b

Net income (Q3, 2020)

45.0m

Market capitalization (13-Nov-2020)

2.6b

Closing stock price (13-Nov-2020)

36.7

Cash (30-Sept-2020)

1.6b

EV

5.2b
Avis Budget Group's current market capitalization is $2.6 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

8.5b8.5b8.7b8.8b9.1b9.2b

Revenue growth, %

7%0%2%2%3%

Cost of goods sold

4.3b4.3b4.4b

Gross profit

4.2b4.2b4.3b
Annual
USDY, 2009Y, 2010FY, 2010Y, 2011FY, 2011FY, 2012Y, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

482.0m911.0m911.0m534.0m534.0m606.0m606.0m693.0m624.0m452.0m490.0m611.0m615.0m686.0m

Accounts Receivable

315.0m507.0m553.0m922.0m955.0m911.0m

Prepaid Expenses

282.0m179.0m174.0m196.0m604.0m548.0m

Current Assets

1.6b1.5b1.7b1.9b1.8b1.6b1.8b2.1b2.2b2.1b
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

54.0m(29.0m)290.0m16.0m245.0m313.0m163.0m361.0m165.0m302.0m

Depreciation and Amortization

88.0m21.0m197.0m

Accounts Payable

108.0m20.0m(28.0m)(28.0m)(3.0m)(79.0m)(9.0m)49.0m48.0m84.0m

Cash From Operating Activities

1.6b1.6b1.9b2.3b2.6b2.6b2.6b2.6b2.6b2.6b
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Avis Budget Group Operating Metrics

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

Countries

175 180 180

Locations

2.55 k2.70 k2.75 k

Transactions

35 m38 m33 m39 m34 m34 m

Vehicle Fleet

545 k580 k562 k600 k580 k580 k
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Avis Budget Group Revenue Breakdown

Embed Graph

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

Avis Budget Group Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

SecurityScorecard logo

Avis Budget Group Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Avis Budget Group Online and Social Media Presence

Embed Graph

Avis Budget Group Company Culture

  • Overall Culture

    D

    57/100

  • CEO Rating

    D

    60/100

  • Compensation

    F

    43/100

  • Diversity

    D+

    58/100

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Avis Budget Group News and Updates

Avis Budget Group beats Q3 estimates but profit and sales hit by pandemic effect on travel

Avis Budget Group Inc. shares jumped 4% in after-hours trade Thursday, after the rental car company topped earnings estimates for the third quarter, even as profit and revenue slid sharply as travel slowed significantly during the pandemic. The company said it had net income of $45 million, or 63 c…

Avis Budget Group champions contactless rental experience with new digital check-in

Avis Budget Group has introduced digital check-in as part of its relentless commitment to ensure the safety of its customers and its employees and promoting contactless rental experience. The post Avis Budget Group champions contactless rental experience with new digital check-in appeared first on …

Avis Budget Group elevates interim CEO Joe Ferraro to the role permanently with immediate effect

Avis Budget Group Inc. said Monday it has made interim Chief Executive Joe Ferraro its permanent CEO with immediate effect. Ferraro has been leading the company since the start of the year, coming to the role from his position as president of the Americas, where he spent five years managing the com…

Is Avis Budget Group Safe Despite Hertz’s Bankruptcy?

Avis Budget Group’s stock (NASDAQ: CAR) has declined by 12% since the beginning of the year. The car rental industry is rattled, and Avis Budget is no exception. A Covid recession will impact the company’s revenues, cash flows, and ability to pay dividends...

Avis Budget Group Enters into New Cooperation Agreement with SRS Investment Management

Board will Ultimately Be Comprised of Nine Directors, Including Three SRS Representatives Board will Ultimately Be Comprised of Nine Directors, Including Three SRS Representatives

Global Car Rental Market Outlook 2020-2025 - Key Players are Enterprise Rent-a-Car, Hertz Group, Avis Budget Group, Uber, Europcar Mobility Group, Redcap Tour, ANI Technologies, and Sixt

DUBLIN, Feb. 21, 2020 /PRNewswire/ -- The "Car Rental Industry Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering. The global car rental industry is expected to reach an estimated $120 billion by 2025 with a CAGR of 6.1% from 2020...
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Avis Budget Group Blogs

Avis Budget Group Reports Positive Earnings and Removes an Additional $1 Billion of Expenses in Third Quarter

PARSIPPANY, N.J., Oct. 29, 2020 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. ( NASDAQ: CAR ) today announced third quarter 2020 financial results, with Net income of $45 million and Adjusted net income of $79 million. Despite revenue being down 44% compared to the same period in the prior year, we

Avis Budget Group To Announce Third Quarter 2020 Results On October 29th

Conference Call to Discuss Results Scheduled for October 30th, 2020 PARSIPPANY, N.J., October 13th, 2020 — Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its third quarter 2020 results after the market close on Thursday, October 29th, 2020, and to host a conference cal…

Avis Budget Group to Announce Third Quarter 2020 Results on October 29th

Conference Call to Discuss Results Scheduled for October 30th, 2020 PARSIPPANY, N.J., Oct. 13, 2020 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its third quarter 2020 results after the market close on Thursday, October 29th, 2020, and to host a

Avis Budget Group Announces Chief Financial Officer Transition

PARSIPPANY, N.J., Aug. 13, 2020 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today announced that John F. North III will transition from Chief Financial Officer to pursue other interests. Brian Choi will assume the role of Chief Financial Officer on August 24, 2020.

Avis Budget Group Announces Pricing of $350 Million of Senior Notes

PARSIPPANY, N.J., Aug. 04, 2020 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (together, the “Issuers”), priced an offering of $350 million aggregate principal

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

Avis Budget Group Announces Intention to Offer $350 Million of Senior Notes Content Import Mon, 08/03/2020 - 08:08 Avis Budget Group Announces Intention to Offer $350 Million of Senior Notes Aug 3, 2020 This release is a backfill from a News Wire …
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Avis Budget Group Frequently Asked Questions

  • When was Avis Budget Group founded?

    Avis Budget Group was founded in 1946.

  • Who are Avis Budget Group key executives?

    Avis Budget Group's key executives are Joe Ferraro, Keith Rankin and Tracey Zhen.

  • How many employees does Avis Budget Group have?

    Avis Budget Group has 21,200 employees.

  • What is Avis Budget Group revenue?

    Latest Avis Budget Group annual revenue is $9.2 b.

  • What is Avis Budget Group revenue per employee?

    Latest Avis Budget Group revenue per employee is $432.6 k.

  • Who are Avis Budget Group competitors?

    Competitors of Avis Budget Group include Fox Rent A Car, Europcar and Sixt SE.

  • Where is Avis Budget Group headquarters?

    Avis Budget Group headquarters is located at 6 Sylvan Way, Parsippany, Parsippany-Troy Hills.

  • Where are Avis Budget Group offices?

    Avis Budget Group has offices in Parsippany-Troy Hills, Tulsa and Bracknell.

  • How many offices does Avis Budget Group have?

    Avis Budget Group has 3 offices.