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Last $44.31 USD
Change Today +0.21 / 0.48%
Volume 2.7M
CAR On Other Exchanges
As of 5:20 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

avis budget group inc (CAR) Snapshot

Previous Close
Day High
Day Low
52 Week High
08/18/14 - $69.76
52 Week Low
07/1/15 - $43.82
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
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 3,500 car rental locations, which serve the value-conscious segments of the industry; and Zipcar, a membership-based car sharing network that provides vehicles to approximately 915,000 members. The company also operates the Payless brand, which comprises approximately 160 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. In addition, it is involved in the local and one-way truck rental businesses with a fleet of approximately 23,000 trucks, which are rented through a network of approximately 1,150 dealers and 400 company-operated locations that serve the consumer and light commercial sectors. Further, the company provides a range of optional insurance products and coverages, such as supplemental liability insurance, personal accident insurance, personal effects protection, automobile towing protection, and cargo insurance. Avis Budget Group, Inc. was founded in 1946 and is headquartered in Parsippany, New Jersey.

22,500 Employees
Last Reported Date: 02/23/15
Founded in 1946

avis budget group inc (CAR) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.2M
Chief Financial Officer and Senior Executive ...
Total Annual Compensation: $700.0K
President of International
Total Annual Compensation: $700.0K
Compensation as of Fiscal Year 2014.

avis budget group inc (CAR) Key Developments

Avis Budget Signs New Partnership Marketing Agreement with Southwest Airlines

Avis Budget Group, Inc. signed an expanded, new multi-year partnership marketing agreement with Southwest Airlines which will enable the company to promote Avis Car Rental, Budget Car Rental and Payless Car Rental offers, products and services to Southwest customers. As part of the new agreement, Avis, Budget and Payless will have advertising placement on the Southwest Airlines website as well as merchandising placement throughout the airline reservation process. The car rental brands will also be featured on airline confirmation pages and pre-trip emails to customers. Special car rental discount offers, such as bonus Rapid Rewards credits for completed rentals will also be presented on

JetBlue Airways Signs Multi-Year Preferred Partnership Agreement with Avis Budget Group Inc

JetBlue Airways signed multi-year preferred partnership agreement with Avis Budget Group Inc. The agreement expands the existing marketing affiliation between the two companies. Avis Budget Group will promote its Avis Car Rental, Budge Car Rental and Payless Car Rental brands directly to JetBlue customers and TrueBlue members. The three brands will also be features on JetBlue's online booking channel. Separately JetBlue also announced it will add additional flights of its Mint experience from New York's John F. Kennedy Airport to Los Angeles International Airport and San Francisco International Airport. Beginning October 25, JetBlue will offer up to six daily Mint flights between New York and San Francisco. JetBlue will also add additional service between New York and Los Angeles beginning October 25, with up to 10 daily flights by February when the airline takes delivery of its newest A321 Mint aircraft.

Avis Budget Rental Car Funding (AESOP) LLC Issues $550 Million of Asset-Backed Securities Notes

On May 27, 2015, Avis Budget Rental Car Funding (AESOP) LLC issued $550 million of asset-backed securities with a maturity of five years, comprised of approximately $438 million aggregate principal amount of Series 2015-2 2.63% Rental Car Asset Backed Notes, Class A, $63 million aggregate principal amount of Series 2015-2 3.42% Rental Car Asset Backed notes, Class B and $49 million aggregate principal amount of Series 2015-2 3.93% Rental Car Asset Backed Notes, Class C. The notes were issued under the Series 2015-2 Supplement dated May 27, 2015, between Avis Budget Rental Car Funding (AESOP) LLC and The Bank of New York Mellon Trust Company, N.A. as trustee and as Series 2015-2 Agent, to the Second Amended and Restated Base Indenture, dated as of June 3, 2004, as amended. The notes are secured under the Second Amended and Restated Base Indenture primarily by vehicles in its domestic fleet and other related assets. The foregoing summary of the notes is qualified in its entirety by reference to the full text of the Series 2015-2 Supplement.


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Valuation CAR Industry Range
Price/Earnings 20.9x
Price/Sales 0.6x
Price/Book 9.0x
Price/Cash Flow 11.1x
TEV/Sales NM Not Meaningful

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