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Last $51.00 USD
Change Today -1.33 / -2.54%
Volume 3.0M
CAR On Other Exchanges
As of 8:10 PM 05/29/15 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
10/13/14 - $45.94
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 Group, Inc. Announces Management Changes

Avis Budget Group announced the appointment of Mark Servodidio to the newly-created role of managing director, Europe, reporting to Larry De Shon, president, International. Servodidio will assume responsibility for all aspects of the company's vehicle rental operations, including customer service and fleet management, across Austria, Belgium, Czech Republic, Denmark, France, Germany, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom. Servodidio brings 14 years of experience at Avis Budget Group to his new position. Most recently, he served as Managing Director for Denmark, Norway, Sweden and the UK, overseeing the recent acquisition of the company's Scandinavian licensees. His prior positions include executive vice president, Franchisee and Corporate Services for Europe, Middle East and Africa (EMEA), and global roles including Chief Administrative Officer and Chief Human Resources Officer. As a result of the move, Nina Bell, who formerly served as the Company's EMEA strategy director, has been appointed managing director, Northern Region, with oversight of Denmark, Norway, Sweden and the UK.

Avis Budget Group Introduces Tablet Rentals

Avis Budget Group announced that Avis Car Rental and Budget Car Rental customers can now rent tablets at participating locations across the United States. Tablets available for rent include wall chargers and car chargers. Customers will also benefit from 4G LTE network coverage and the following notable features: International Voice over Internet Protocol (VoIP) technology for placing and transmitting telephone calls and texts over an IP network. Tablets are pre-loaded with 60 credits per day, which equates to 30 minutes of international calling or 60 minutes of domestic calling. Text messages are charged at a rate of one credit per text. Additional credits are available for purchase; Wi-Fi hotspot for up to five devices with unlimited data; Advanced navigation with voice-activated turn-by-turn directions; Entertainment options such as a language translator, camera, internet access, popular applications and more.

Avis Budget Group Wins a Contract Award from National Procurement Service (Welsh Government) for the Supply of Vehicles

Avis Budget Group, Bracknell, won a GBP 27.2 million (excluding VAT) multiple awardees contract award from National Procurement Service (Welsh Government) for the supply of vehicles (Geographical Zones) (Contract Award Notice No.: 2015/S 086-155352; Lot No.: 1). The Agreement will be for a period of two years (with an option to extend the agreement for a further period of up to 2 years in multiples not exceeding 12 months).


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Industry Average

Valuation CAR Industry Range
Price/Earnings 24.8x
Price/Sales 0.7x
Price/Book 10.6x
Price/Cash Flow 13.2x
TEV/Sales NM Not Meaningful

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