Company
Rent-A-Center, Inc.
Headquarters: Plano, TX, United States
Founded: 1973
Employees: 14,290
CEO: Mr. Mitchell E. Fadel
Market Cap
$1.49 Billion
USD as of April 1, 2023
Rent-A-Center, Inc. Categories
United States Industrials Rental & Leasing ServicesUnited States Industrials United States Rental & Leasing Services
Top Competitors by Market Capitalization
Industry: Rental & Leasing Services
| Company | Market Cap (USD) |
|---|---|
| Nesco Holdings, Inc. | $49.32 B |
| United Rentals, Inc. | $43.93 B |
| Ashtead Group plc | $28.22 B |
| Hertz Global Holdings, Inc. | $19.38 B |
| AMERCO | $11.97 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| General Electric | $178.42 B |
| Caterpillar | $160.58 B |
| Siemens | $149.99 B |
| Schneider Electric | $138.86 B |
| Honeywell | $138.35 B |
Detailed Description
Rent-A-Center, Inc., together with its subsidiaries, leases household durable goods to customers on a lease-to-own basis. The company operates in four segments: Rent-A-Center Business, Acima, Mexico, and Franchising. It offers furniture and accessories, appliances, consumer electronics, computers, tablets and smartphones, tools, tires, handbags, and other accessories under rental purchase agreements. The company also provides merchandise on an installment sales basis; and the lease-to-own transaction to consumers who do not qualify for financing from the traditional retailer through kiosks located within retailer's locations. It operates retail installment sales stores under the Get It Now and Home Choice names; lease-to-own and franchised lease-to-own stores under the Rent-A-Centre, ColorTyme, and RimTyme names; and rentacenter.com, an e-commerce platform. As of December 31, 2021, the company owned and operated approximately 1,846 stores in the United States and Puerto Rico, including 45 retail installment sales stores; 35 Acima staffed locations in North Carolina; and 123 stores in Mexico, as well as franchised 466 lease-to-own stores in 32 states. Rent-A-Center, Inc. was founded in 1960 and is headquartered in Plano, Texas.
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Stocks & Indices
Rent-A-Center, Inc. has the following listings and related stock indices.
Stock: NASDAQ: RCII wb_incandescent
Stock: FSX: RAC wb_incandescent
Product & Services
Provides furniture, electronics, computers and household appliances available under rent-to-own agreements
Key People
Mitchell Fadel Chief Executive Officer (CEO) Maureen Short Chief Financial Officer (CFO) Ann Davids Chief Marketing Officer, Chief Customer Officer (CMO, CCO) Mike Santimaw Chief Information Officer (CIO) Cathy Skula Executive Vice President Franchising Jason Hogg Executive Vice President Acima
Financials
Revenue: US$2.6 billion (2019)
Operating income: US$193 million (2019)
Net income: US$125 million (2019)
Total assets: US$1.58 billion (2019)
Total equity: US$459 million (2019)