OverviewSuggest Edit

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
Founded1946
HQParsippany-Troy Hills, US
Websiteavisbudgetgroup.com
Employee Ratings3.1
Culture scoreD

Latest Updates

Employees (est.) (Dec 2019)21,200
Job Openings19
Revenue (FY, 2019)$9.2 B
Share Price (May 2020)$16.7

Key People/Management at Avis Budget Group

Chris Cerruto

Chris Cerruto

Vice President of Global Enterprise Architecture and Analytics
Tracey Zhen

Tracey Zhen

President, Zipcar
Inderpal S. Lall

Inderpal S. Lall

Legal Director, International
Beth Kinerk

Beth Kinerk

Senior Vice President of Sales
Valerie Chenivesse

Valerie Chenivesse

Vice President, Fleet Services – International
Ohad Zeira

Ohad Zeira

Vice President of Fleet Ventures
Show more

Avis Budget Group Office Locations

Avis Budget Group has offices in Parsippany-Troy Hills and Tulsa
Parsippany-Troy Hills, US (HQ)
6 Sylvan Way, Parsippany
Show all (2)

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 (Q1, 2020)

1.8b

Net income (Q1, 2020)

(158.0m)

Market capitalization (22-May-2020)

1.2b

Closing stock price (22-May-2020)

16.7

Cash (31-Mar-2020)

679.0m

EV

4.0b
Avis Budget Group's current market capitalization is $1.2 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
USDY, 2020

EV/CFO

10.8 x

Financial Leverage

80.7 x
Show all financial metrics

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
Show all operating metrics

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 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

Learn more on Comparably

Avis Budget Group News and Updates

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...

Thinking about buying stock in Avis Budget Group, Enphase Energy, First Solar, Groupon, or Tilray?

NEW YORK, Feb. 20, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CAR, ENPH, FSLR, GRPN, and TLRY. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Avis Budget Group Appoints Bernardo Hees chairman of the Board of Directors

PARSIPPANY, N.J., Feb. 10, 2020 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) today announced that Bernardo Hees has been appointed to the Company’s Board of Directors (the “Board”) and named Independent Chairman of the Board and Chair of the Board’s Executive Committee…

Avis Budget Group adopts one-year shareholder rights plan

Avis Budget Group Inc. said Tuesday a special committee formed by its board to manage its engagement with shareholder SRS Investment Management has agreed to adopt a one-year shareholder rights plan. The plan seeks to prevent SRS from gaining control of the company without paying a premium. SRS is …

Avis Budget Group and Fiat Chrysler Automobiles Sign New Connected Car Agreement, Giving a More Streamlined, Self-Serve and On-Demand Rental Experience in Europe

BRACKNELL, United Kingdom, Jan. 23, 2020 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today announces a new agreement with Fiat Chrysler Automobiles (FCA) Group to connect more than 22,000 Fiat vehicles in Avis Budget Group’s European fleet.
Show more

Avis Budget Group Blogs

Avis Budget Group, Inc. Changes to Virtual Meeting Format for the 2020 Annual Meeting of Shareholders

Avis Budget Group, Inc. Changes to Virtual Meeting Format for the 2020 Annual Meeting of Shareholders Content Import Tue, 04/21/2020 - 16:15 Avis Budget Group, Inc. Changes to Virtual Meeting Format for the 2020 Annual Meeting of Shareholders Apr 21, 2020 Thi…

AVIS BUDGET GROUP PROVIDES UPDATE RELATED TO CORONAVIRUS

AVIS BUDGET GROUP PROVIDES UPDATE RELATED TO CORONAVIRUS Content Import Mon, 03/23/2020 - 09:08 AVIS BUDGET GROUP PROVIDES UPDATE RELATED TO CORONAVIRUS Mar 23, 2020 This release is a backfill from a News Wire Financial News …

Avis Budget Group Delivers Record Fourth Quarter Revenue Driven By Overperformance in the Americas

PARSIPPANY, N.J., Feb. 19, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today reported a record fourth quarter and results for the full year ended December 31, 2019, driven by the strong performance in the Americas. We are also providing our outlook for 2020. Fourth Quarter 2019 ove…

Bernardo Hees

Bernardo Hees Matthew.Callan… Mon, 02/10/2020 - 11:38 Chair of the Executive Committee Bernardo Hees Chairman of the Board Bernardo Hees served as Chief Executive Officer of The KraftHeinz Company from 2015 to June 2019. He served as Chief …

Avis Budget Group Named One of Canada’s Best Employers

Ranking recognizes employee satisfaction levels and likelihood to recommend their place of work PARSIPPANY, N.J., Jan. 29, 2020 (GLOBE NEWSWIRE) -- Avis Budget Group has been named to the Forbes list of Canada’s Best Employers 2020. Developed in collaboration with analytics firm Statista, the 2020

Avis Budget Group Adopts Short-Term Shareholder Rights Plan to Protect the Company and its Shareholders

Avis Budget Group Adopts Short-Term Shareholder Rights Plan to Protect the Company and its Shareholders Content Import Tue, 01/28/2020 - 08:30 Avis Budget Group Adopts Short-Term Shareholder Rights Plan to Protect the Company and its Shareholders Jan 28, 2020 …
Show more

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 Chris Cerruto, Tracey Zhen and Inderpal S. Lall.

  • 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 Hertz Global, Europcar and Omio.

  • 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.