Avis Budget Group Inc - Company Profile
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Avis Budget Group Inc (Avis Budget) is a provider of mobility solutions. It is primarily involved in vehicle rental and car sharing services. The company's major products and services include car and truck rentals, as well as car sharing options. The company offers its services under brands including Avis, Budget, Payless, France Cars, Maggiore, Turiscar, Morini Rent, ACL Hire, AmicoBlu, McNicoll Hire, Turisprime, and Zipcar. Its services cater to both commercial and leisure customers, serving various applications such as business travel and personal use. Avis Budget operates through a network of company-operated and licensee locations that span North America, Europe, and Australasia. Avis Budget Group is headquartered in Parsippany, New Jersey, the US.
Headquarters
United States of America
Address
379 Interpace Parkway, Parsippany, New Jersey, 07054
Website
avisbudgetgroup.com
Telephone
1 302 6365400
No of Employees
17,000
Industry
Transport and Logistics
Ticker Symbol & Exchange
CAR (NASD)
Revenue (2024)
$11.7B
-1.2%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
51.2%
(2024 vs 2023)
Market Cap*
$5.6B
Net Profit Margin (2024)
XYZ
50.6%
(2024 vs 2023)
* As of and is in US$
Avis Budget Group Inc premium industry data and analytics
Products and Services
| Services | Brands |
|---|---|
| Car Rental Services | Avis |
| Truck Rental Services | Budget |
| Payless | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In June, the company extended its agreement with the PGA Tour until 2028. |
| 2023 | Contracts/Agreements | In May, Avis announced a major partnership with Admiral Mobility to bring electric commercial trucks to the leasing market in the UAE. |
| 2023 | Contracts/Agreements | In March, Avis signed a sponsorship deal with Atletico de Madrid, under which Avis was named an official sponsor of the club for the next three years. |
Competitor Comparison
| Key Parameters | Avis Budget Group Inc | Enterprise Holdings Inc | Ryder System Inc | Hertz Global Holdings Inc | Sixt SE |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | Germany |
| City | Parsippany | St Louis | Coral Gables | Estero | Pullach |
| State/Province | New Jersey | Missouri | Florida | Florida | Bayern |
| No. of Employees | 17,000 | 90,000 | 51,600 | 26,000 | 8,941 |
| Entity Type | Public | Private | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Bernardo Hees | Chairman | Executive Board | 2020 | 56 |
| Jagdeep Pahwa | Vice Chairman | Executive Board | 2025 | 52 |
| Brian Choi | Chief Executive Officer | Senior Management | 2025 | 43 |
| Daniel Cunha | Chief Financial Officer; Executive Vice President | Senior Management | 2025 | 42 |
| Cathleen DeGenova | Senior Vice President; Chief Accounting Officer | Senior Management | 2024 | 64 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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