Company
Avis Budget Group, Inc.
Headquarters: Parsippany, NJ, United States
Founded: 2006
Employees: 16,000
CEO: Mr. Joseph A. Ferraro
Market Cap
$7.00 Billion
USD as of Jan. 1, 2023
Avis Budget Group, Inc. Categories
United States
languages
Industrials
languages
Rental & Leasing Services
United States Industrials
United States Rental & Leasing Services
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Detailed Description
Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 20,000 vehicles, which are rented through a network of approximately 465 dealer-operated and 385 company-operated locations that serve the consumer and light commercial sectors in the continental United States; and the Zipcar brand, a car sharing network. The company also operates various other car rental brands, such as Budget, Payless, Apex, Maggiore, MoriniRent, FranceCars, Amicoblue, Turiscar, and ACL Hire. In addition, it offers optional insurance products and coverages, such as supplemental liability, personal accident, personal effects protection, emergency sickness protection, and automobile towing protection and cargo insurance products; fuel service options, 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. Avis Budget Group, Inc. operates in approximately 10,400 locations worldwide. The company was formerly known as Cendant Corporation and changed its name to Avis Budget Group, Inc. in September 2006. Avis Budget Group, Inc. was founded in 1946 and is headquartered in Parsippany, New Jersey.
Stocks & Indices
Avis Budget Group, Inc. has the following listings and related stock indices.
Stock: NASDAQ: CAR
Stock: BCBA: CAR
Product & Services
Car and truck rentals
Key People
Founder(s): Henry Silverman, Warren Avis, Julius Lederer
Bernardo Hees (Executive Chairman) Joe Ferraro (President and CEO)
Financials
Revenue: US$9.172 billion (2019)
Operating income: US$788 million (2019)
Net income: US$302 million (2019)
Total assets: US$23.126 billion (2019)
Total equity: US$656 million (2019)