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As of 8:10 PM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

6 Sylvan Way

Parsippany, NJ 07054

United States

Phone: 973-496-3500


Avis Budget Group, Inc. provides vehicle rental and car sharing services under three brands, such as Avis, Budget, and Zipcar. The company is a vehicle rental operator in North America, Europe, Australia, New Zealand, and certain other regions that it serves. The company and its licensees operate the Avis and Budget brands in approximately 175 countries throughout the world. The company operates a truck rental business in the United States. Segments The company categorizes its operations into three segments: North America, International, and Truck Rental. North America This segment provides car rentals in the United States and vehicle rentals in Canada, as well as ancillary products and services, and operates the company’s Zipcar car sharing business International This segment provides and licenses the company’s brands to third parties for vehicle rentals and ancillary products and services primarily in Europe, the Middle East, Africa, Asia, South America, Central America, the Caribbean, Australia, and New Zealand. Truck Rental This segment provides truck rentals and ancillary products and services to consumers and commercial users in the United States. Brands and Operations Brands The company’s Avis, Budget, and Zipcar brands are the primary brands in its industry. It also operates the Apex and Payless brands, which operate in the deep-value segment of the car rental industry and augment its Avis, Budget, and Zipcar brands. Avis The company operates or licenses the Avis car rental system (the ‘Avis System’), a car rental system in the world, including approximately 5,450 locations worldwide, including in virtually all of the largest commercial airports and cities in the world. The company operates approximately 2,650 Avis car rental locations worldwide, in both the on-airport and off-airport, or local, rental markets. The company offers Avis customers various premium services, including Avis Preferred, a counter bypass program available at major airport locations; Avis Preferred Select & Go, a service that allows customers at certain locations to select an alternate vehicle or upgrade their vehicle choice without visiting the rental counter; portable GPS navigation units for rent; premium luxury, sport and performance vehicles available for rent; availability of vehicles, including gas/electric hybrid vehicles; roadside assistance; emailed receipts; a 100% smoke-free car rental fleet in North America; electronic toll collection services that let customers pay highway tolls without waiting in toll booth lines; amenities, such as Avis Access, a range of special products and services for drivers and passengers with disabilities; Avis Interactive, a proprietary management tool that allows corporate clients to view and analyze their rental activity through the Internet, permitting these clients to manage their travel budgets and monitor employee compliance with applicable travel policies; customer loyalty programs; and supporting online interactions with its customers through each of the four major mobile platforms, such as Android, Apple, BlackBerry and Microsoft Windows, which Avis became the first car rental company to offer. Budget The company operates or licenses the Budget vehicle rental system (the ‘Budget System’), which includes approximately 3,350 car rental locations. The Budget System includes locations at various airports and cities in the world. It operates approximately 1,650 Budget car rental locations worldwide. The company also licenses the Budget System to independent business owners who operate approximately 1,700 locations worldwide. Budget offers its customers various products and programs similar to Avis, such as portable GPS navigation units, roadside assistance, electronic toll collection, emailed receipts, and refueling options, as well as special rental rates for frequent renters and Budget’s Fastbreak service, an expedited rental service for frequent travelers. Zipcar Zipcar operates the primary membership-based car sharing network that provides ‘wheels when you want them’ to approximately 860,000 members, also known as ‘Zipsters’, in appr


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