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, NJ, US
Websiteavisbudgetgroup.com
Employee Ratings3.4
Overall CultureD

Latest Updates

Employees (est.) (Dec 2020)20,000(-5%)
Job Openings2,161
Revenue (FY, 2020)$5.4 B(-41%)
Share Price (Apr 2022)$273.1
Cybersecurity ratingAMore
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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 and Tulsa
Parsippany-Troy Hills, NJ, US (HQ)
6 Sylvan Way, Parsippany
Tulsa, OK, US
Tulsa, OK
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Avis Budget Group Financials and Metrics

Avis Budget Group Revenue

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Avis Budget Group's revenue was reported to be $5.4 b in FY, 2020 which is a 41.1% decrease from the previous period.
USD

Revenue (Q2, 2021)

2.4b

Net income (Q2, 2021)

398.0m

Market capitalization (30-Apr-2022)

14.3b

Closing stock price (30-Apr-2022)

273.1

Cash (30-Jun-2021)

1.3b

EV

17.3b
Avis Budget Group's current market capitalization is $14.3 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

9.1b9.2b5.4b

Revenue growth, %

3%1%(41%)

Cost of goods sold

2.2b2.1b1.4b

Gross profit

6.9b7.1b4.0b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

1.9b2.3b2.8b1.8b760.0m1.5b1.4b2.4b

Cost of goods sold

485.0m543.0m551.0m459.0m374.0m256.0m254.0m

Gross profit

1.4b1.8b2.2b1.3b386.0m1.3b1.1b

Gross profit Margin, %

75%77%80%74%51%83%81%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

615.0m686.0m692.0m

Accounts Receivable

955.0m911.0m647.0m

Current Assets

2.2b2.1b1.8b

PP&E

736.0m792.0m657.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

540.0m534.0m615.0m679.0m1.3b1.6b576.0m1.3b

Accounts Receivable

915.0m920.0m872.0m712.0m537.0m601.0m786.0m797.0m

Prepaid Expenses

248.0m

Current Assets

2.1b2.3b2.1b1.9b2.2b2.6b1.9b2.7b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

165.0m302.0m(684.0m)

Depreciation and Amortization

2.2b3.1b2.6b

Accounts Payable

48.0m84.0m(181.0m)

Cash From Operating Activities

2.6b2.6b691.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

(91.0m)(29.0m)160.0m(158.0m)(639.0m)(594.0m)(170.0m)228.0m

Depreciation and Amortization

718.0m1.6b2.4b714.0m1.3b2.0b563.0m32.0m

Accounts Payable

97.0m72.0m41.0m(96.0m)(98.0m)(59.0m)181.0m428.0m

Cash From Operating Activities

440.0m965.0m1.9b370.0m350.0m632.0m336.0m1.3b
USDFY, 2018

Revenue/Employee

430.4k

Debt/Equity

33.3 x

Debt/Assets

0.7 x

Financial Leverage

46.3 x
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Avis Budget Group Operating Metrics

FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021

Car Rental Locations

11 k11 k10.6 k

Locations (Avis Brand)

5.5 k5.4 k5.3 k

Transactions

40 m41 m22 m

Vehicle Fleet

650 k650 k650 k650 k660 k660 k660 k660 k533 k533 k
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Avis Budget Group Acquisitions / Subsidiaries

Company NameDateDeal Size
France CarsDecember 20, 2016
MaggioreApril 09, 2015$160 m
Payless Car RentalJune 15, 2013
ZipcarMarch 14, 2013$500 m
Apex Car RentalsSeptember 05, 2012
Avis Europe PlcOctober 03, 2011
Orbitz WorldwideSeptember 01, 2004$1.3 b
2233516 Ontario, Inc.
AAA France Cars SAS
AB Canada Holdings III Limited Partnership
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Avis Budget Group Revenue Breakdown

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Avis Budget Group revenue breakdown by business segment: 35.3% from Budget Brand, 54.8% from Avis Brand and 9.9% from Other

Avis Budget Group revenue breakdown by geographic segment: 20.9% from Europe, Middle East and Africa, 73.4% from Americas and 5.7% from Asia and Australasia

Human Capital Metrics

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Avis Budget Group Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

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

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Avis Budget Group Company Culture

  • Overall Culture

    D

    59/100

  • CEO Rating

    D

    60/100

  • Compensation

    D-

    46/100

  • Diversity

    D+

    58/100

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Avis Budget Group News and Updates

Avis Budget Group to Announce First Quarter 2022 Results on May 2nd

Conference Call to Discuss Results Scheduled for May 3rd, 2022

Global Car Rental Market Report 2022-2027: Profiles of Key Players Avis Budget Group, Enterprise Rent-A-Car, Europcar, Hertz and Eco rent a car

Dublin, March 07, 2022 (GLOBE NEWSWIRE) -- The "Car Rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global car rental market reached a value of US$ 76.7 Billion in 2021. The market is fo…

Avis Budget Group Reports Record Revenues, Net Income and Adjusted EBITDA

PARSIPPANY, N.J., Feb. 14, 2022 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today announced financial results for fourth quarter and full year ended December 31, 2021.

NuVinAir Global Taps Former Avis Budget Group District Manager As New Franchisee, Expands Nationwide Footprint to North Carolina

RALEIGH, N.C., Jan. 18, 2022 /PRNewswire/ -- NuVinAir Global, which offers a suite of patented and proprietary products that safely create healthy vehicle interiors, today announced the company's expansion of its franchise program to North Carolina. Brad Scott, who joins from Avis Budget...

Avis Budget Group to Announce Fourth Quarter 2021 Results on February 14th

Conference Call to Discuss Results Scheduled for February 15th, 2022 Conference Call to Discuss Results Scheduled for February 15th, 2022

Earnings Preview: What To Expect From Avis Budget Group Today

Earnings Preview: What To Expect From Avis Budget Group Today. Here is a closer look
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Avis Budget Group Blogs

Avis Budget Group Reports Record First Quarter Results

PARSIPPANY, N.J., May 2, 2022 – Avis Budget Group, Inc. (NASDAQ: CAR) today announced  financial results for first quarter 2022.   We ended the quarter with revenues 77% above the first quarter 2021, at $2.4 billion. Our  revenues were driven by rental days as demand improved throughout the quarter …

Avis Budget Group Reports New Record Net Income and Adjusted EBITDA

PARSIPPANY, N.J., Nov. 01, 2021 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. ( NASDAQ: CAR ) today announced its third quarter 2021 financial results. We ended the third quarter with revenues almost double the prior year and 9% above the third quarter 2019, at $3.0 billion.

Avis Budget Group Reports Record Net Income and Adjusted EBITDA

PARSIPPANY, N.J., Aug. 03, 2021 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. ( NASDAQ: CAR ) today announced second quarter 2021 financial results. We ended the second quarter with revenues up more than three times prior year and 1% above second quarter 2019, at $2.4 billion.

Avis Budget Group Capitalizes on Continued Economic Recovery

PARSIPPANY, N.J., May 3, 2021 – Avis Budget Group, Inc. (NASDAQ: CAR) today announced. first quarter 2021 financial results. Despite revenue being down 22% for the first quarter compared to prior year, and net loss of $170 million, we achieved Adjusted EBITDA of $47 million in the first quarter thro…

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…
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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 20,000 employees.

  • What is Avis Budget Group revenue?

    Latest Avis Budget Group annual revenue is $5.4 b.

  • What is Avis Budget Group revenue per employee?

    Latest Avis Budget Group revenue per employee is $270.1 k.

  • Who are Avis Budget Group competitors?

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

  • 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 and Tulsa.

  • How many offices does Avis Budget Group have?

    Avis Budget Group has 2 offices.