Last $61.27 USD
Change Today -1.66 / -2.64%
Volume 1.1M
CAR On Other Exchanges
As of 8:10 PM 01/23/15 All times are local (Market data is delayed by at least 15 minutes).

avis budget group inc (CAR) Snapshot

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52 Week High
08/18/14 - $69.76
52 Week Low
02/3/14 - $35.56
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Current Stock Chart for AVIS BUDGET GROUP INC (CAR)

avis budget group inc (CAR) Details

Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers worldwide. The company has three segments: North America, International, and Truck Rental. It operates the Avis car rental system with approximately 5,450 locations, that supply rental cars to the premium commercial and leisure segments of the travel industry; the Budget vehicle rental system with approximately 3,350 car rental locations, which serve the value-conscious segments of the industry; Zipcar, a membership-based car sharing network that provides vehicles to approximately 860,000 members; and the Payless brand, which comprises approximately 125 vehicle rental locations, as well as operates Apex brand primarily in the deep-value segment of the car rental industry with approximately 19 rental locations. The company also operates local and one-way truck rental businesses with a fleet of approximately 23,000 trucks, which are rented through a network of approximately 1,300 dealers and 350 company-operated locations that serve the consumer and light commercial sectors. In addition, it provides a range of optional insurance products and coverages, such as supplemental liability insurance, personal accident insurance, personal effects protection, physical damage waivers, automobile towing protection, and cargo insurance. Avis Budget Group, Inc. was founded in 1946 and is headquartered in Parsippany, New Jersey.

22,000 Employees
Last Reported Date: 02/21/14
Founded in 1946

avis budget group inc (CAR) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.2M
Global Chief Financial Officer and Senior Exe...
Total Annual Compensation: $680.8K
President of International
Total Annual Compensation: $680.8K
Compensation as of Fiscal Year 2013.

avis budget group inc (CAR) Key Developments

Avis Budget Group, Inc. Announces Combination of Operating Regions; Announces Executive Changes

Avis Budget Group, Inc. announced that it plans to combine its three operating regions into two, the Americas and International. This realignment of the company's operations will take effect on January 1, 2015. The company announced Patric Siniscalchi, president, Latin America/Asia-Pacific, will retire from his current position effective December 31, 2014, following 43-year career at the company. Mr. Siniscalchi is expected to continue to be involved with the company's joint ventures in China and Brazil through a consulting arrangement and to assist with the transition. Thomas Gartland, president, North America, will retire from his current position effective December 31, 2014, after an impactful six-year career with the company. Mr. Gartland is expected to stay on with the company in a consulting capacity to assist with the transition. Joseph Ferraro, Senior Vice President, North America Operations, will assume the role of president, Americas, effective January 1, 2015. In this role, he will have responsibility for the company's operations in North and South America, including Latin America and the Caribbean. Mr. Ferraro has held positions of increasing responsibility in the company's North America operations since joining Avis in 1979. Larry De Shon, currently president, Europe, Middle East and Africa (EMEA), will assume responsibility for the company's Asia-Pacific operations, and will assume the title of president, International effective January 1, 2015. Mr. Ferraro will continue to be based in Avis Budget Group's World Headquarters in Parsippany, N.J. and will report directly to Mr. Nelson.

Avis Budget Group, Inc. Presents at Barclays Global Automotive Conference, Nov-20-2014 09:10 AM

Avis Budget Group, Inc. Presents at Barclays Global Automotive Conference, Nov-20-2014 09:10 AM. Venue: Barclays Headquarters, New York, New York, United States. Speakers: Ronald L. Nelson, Chairman, Chief Executive Officer, President, Chief Operating Officer and Chairman of Executive Committee.

Avis Budget Group, Inc. Presents at Northcoast Fall Management Forum, Nov-05-2014

Avis Budget Group, Inc. Presents at Northcoast Fall Management Forum, Nov-05-2014 . Venue: Grand Hyatt Hotel, New York, New York, United States.


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Valuation CAR Industry Range
Price/Earnings 33.8x
Price/Sales 0.8x
Price/Book 8.7x
Price/Cash Flow 17.6x
TEV/Sales NM Not Meaningful

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