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Last €29.12 EUR
Change Today -0.07 / -0.24%
Volume 0.0
RAC On Other Exchanges
Symbol
Exchange
Frankfurt
As of 2:00 AM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

rent-a-center inc (RAC) Snapshot

Open
€29.12
Previous Close
€29.19
Day High
€29.12
Day Low
€29.12
52 Week High
01/27/15 - €32.80
52 Week Low
07/22/14 - €17.65
Market Cap
1.5B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
53.0M
EX-Date
03/31/15
P/E TM
--
Dividend
€0.98
Dividend Yield
2.65%
Current Stock Chart for RENT-A-CENTER INC (RAC)

rent-a-center inc (RAC) Related Businessweek News

No Related Businessweek News Found

rent-a-center inc (RAC) Details

Rent-A-Center, Inc., together with its subsidiaries, leases household durable goods to customers on a rent-to-own basis. The company operates in four segments: Core U.S., Acceptance Now, Mexico, and Franchising. It offers durable products, such as consumer electronics, appliances, computers, furniture, and accessories under rental purchase agreements. The company also provides merchandise on an installment sales basis; and offers the rent-to-own transaction to consumers who do not qualify for financing from the traditional retailer through kiosks within retailer’s locations. It operates retail installment sales stores under the Get It Now and Home Choice names; and rent-to-own and franchised rent-to-own stores under the Rent-A-Centre names. As of February 26, 2015, the company owned and operated approximately 3,170 stores in the United States, Mexico, Canada, and Puerto Rico; and approximately 1,355 Acceptance Now kiosk locations in the United States and Puerto Rico, as well as franchised approximately 180 rent-to-own stores under the Rent-A-Center, ColorTyme, and RimTyme trade names. Rent-A-Center, Inc. was founded in 1986 and is headquartered in Plano, Texas.

22,200 Employees
Last Reported Date: 03/2/15
Founded in 1986

rent-a-center inc (RAC) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $750.0K
President and Chief Operating Officer
Total Annual Compensation: $642.1K
Co-Founder, Chairman and Member of Finance Co...
Total Annual Compensation: $81.9K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $475.0K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $405.6K
Compensation as of Fiscal Year 2014.

rent-a-center inc (RAC) Key Developments

Rent-A-Center, Inc. Promotes Jonathan Parks to Vice President of Global Logistics and Distribution

Rent-A-Center, Inc. announced the promotion of Jonathan Parks to vice president of global logistics and distribution. Reporting to John Butler, Rent-A-Center senior vice president, supply chain, Parks is responsible for the design, management and optimization of distribution and logistics operations both internationally and domestically. Parks joined Rent-A-Center in 2010 as a member of the strategic-planning team and was quickly promoted to director of distribution and logistics. In 2014 Parks was promoted to senior director of distribution and logistics. Prior to joining Rent-A-Center, Parks held similar logistics positions with The Container Store and UPS where he was responsible for various business functions including process development and improvement, training and forecasting.

Rent-A-Center Promotes Mitch Jones to Vice President Operations Support

Rent-A-Center, Inc. announced the promotion of Mitch Jones to vice president of operations support. Reporting to Jeff White, Rent-A-Center executive vice president of domestic rent-to-own, Jones is responsible for leading the day-to-day support of Rent-A-Center’s core rent-to-own operations. Additional duties include oversight of initiatives tied to operational improvement, cost savings, and technological enhancements. After joining Rent-A-Center in 2002 as a store manager, Jones was promoted to district manager the following year. In 2009, Jones moved to Rent-A-Center’s field support center where he was named senior manager of strategic planning. Jones quickly ascended the corporate ladder, holding positions including director of strategic planning and senior director of strategic initiatives.

Aaron's Reportedly Thwarts Rent-A-Center's Approaches

Aaron's, Inc. (NYSE:AAN) turned down several informal takeover approaches in the last 12 months from Rent-A-Center, Inc. (NasdaqGS:RCII), according to people familiar with the matter. The sources added that Rent-A-Center's took place earlier this year but did not lead to serious discussions between the two companies. Aaron's opposed the approaches as it favors its standalone prospects and does not view Rent-A-Center's stock as a valuable acquisition currency. The sources added that there are currently no active talks between the companies. A representative for Aaron's declined to comment while Rent-A-Center did not immediately respond to requests for comment, Reuters added.

 

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Industry Analysis

RAC

Industry Average

Valuation RAC Industry Range
Price/Earnings 17.6x
Price/Sales 0.5x
Price/Book 1.2x
Price/Cash Flow 9.2x
TEV/Sales 0.2x
 | 

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