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Last $55.76 USD
Change Today +0.425 / 0.77%
Volume 2.3M
CAR On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 05/4/15 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

Fax:

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 worldwide. 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 car sharing business in North America. 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; and operates the company’s car sharing business in certain of these markets. 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 three of the primary brands in its industry. The company 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, a car rental system worldwide, comprised approximately 5,450 locations worldwide, including in all of the primary commercial airports and cities in the world. The company operates approximately 2,550 Avis car rental locations worldwide, in both the on-airport and off-airport, or local, rental markets. In addition, the company licenses the Avis brand to other independent commercial owners in approximately 2,900 locations worldwide. 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; Avis Signature Series, a selection of luxury vehicles; rental of portable GPS navigation units and in-dash satellite radio service; the availability of premium, sport and performance vehicles, as well as eco-friendly vehicles, including gasoline/electric hybrids; 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 – Android, Apple, BlackBerry, and Microsoft Windows – which Avis is the first car rental company to offer. Budget Budget is a major rental car supplier focused primarily on value-conscious segments of the industry. The company operates or licenses the Budget vehicle rental system (the ‘Budget System’), which includes approximately 3,500 car rental locations. The Budget System includes locations at majority of the largest airports and cities in the world. The company operates approximately 1,700 Budget car rental locations worldwide. It also licenses the Budget System to independent business owners who operate approximately 1,800 locations worldwide. Budget offers its customers various products and programs similar to Avis, such as portable GPS navigation units, roadside assistance, electr

 

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Valuation CAR Industry Range
Price/Earnings 25.0x
Price/Sales 0.7x
Price/Book 8.8x
Price/Cash Flow 13.8x
TEV/Sales NM Not Meaningful
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