Avis Budget Group, Inc. (CAR)

NASDAQ: CAR · IEX Real-Time Price · USD
122.03
-1.20 (-0.98%)
Mar 28, 2024, 2:43 PM EDT - Market open

Company Description

Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers in the Americas, Europe, the Middle East and Africa, Asia, and Australasia.

It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; and the Zipcar brand, a car sharing network, as well as the Budget brand, a supplier of vehicle rental and other mobility solutions focused primarily on more value-conscious customers comprising Budget car rental, and Budget Truck, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 19,000 vehicles, which are rented through a network of dealer-operated and company-operated locations that serve the light commercial and consumer sectors in the continental United States.

The company also operates various other car rental brands, such as Payless, Apex, Maggiore, Morini Rent, FranceCars, AmicoBlu, Turiscar, and ACL Hire and McNicoll Hire, as well as TurisPrime and RubyCa.

In addition, it offers optional insurance products and coverages, such as supplemental liability, personal accident, personal effects protection, emergency sickness protection, automobile towing protection, and cargo insurance products; fuel service options, roadside assistance services, electronic toll collection services; and access to satellite radio, mobile WiFi devices, GPS navigation, and child safety seat rentals; automobile towing equipment and other moving accessories, such as hand trucks, furniture pads, and moving supplies; and Avis Budget Group Business Intelligence, an online portal complete with rental summary dashboards, visualizations, and detailed reports.

The company was formerly known as Cendant Corporation and changed its name to Avis Budget Group, Inc. in September 2006.

Avis Budget Group, Inc. was founded in 1946 and is based in Parsippany, New Jersey.

Avis Budget Group, Inc.
Avis Budget Group logo
Country United States
Founded 1946
Industry Rental & Leasing Services
Sector Industrials
Employees 24,500
CEO Joseph A. Ferraro

Contact Details

Address:
379 Interpace Parkway
Parsippany, New Jersey 07054
United States
Phone 973-496-4700
Website avisbudgetgroup.com

Stock Details

Ticker Symbol CAR
Exchange NASDAQ
Fiscal Year January - December
Reporting Currency USD
CIK Code 0000723612
CUSIP Number 053774105
ISIN Number US0537741052
Employer ID 06-0918165
SIC Code 7510

Key Executives

Name Position
Bernardo Vieira Hees Non-Independent Executive Chairman
Joseph A. Ferraro Chief Executive Officer and President
Izilda P. Martins Executive Vice President and Chief Financial Officer
Brian J. Choi Executive Vice President and Chief Transformation Officer
Ravindra Simhambhatla Executive Vice President and Chief Digital and Innovation Officer
David T. Calabria Treasurer and Senior Vice President of Corporate Finance
Jean M. Sera Senior Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary
Vanessa Wolczak Head of Marketing
Edward P. Linnen Chief Human Resource Officer and Executive Vice President
Stephen Wright Senior Vice President of Global Travel, Partnerships and Government

Latest SEC Filings

Date Type Title
Mar 18, 2024 8-K Current Report
Mar 8, 2024 8-K Current Report
Feb 29, 2024 8-K Current Report
Feb 16, 2024 10-K Annual Report
Feb 13, 2024 SC 13G/A [Amend] Statement of acquisition of beneficial ownership by individuals
Feb 12, 2024 8-K Current Report
Feb 9, 2024 SC 13G/A [Amend] Statement of acquisition of beneficial ownership by individuals
Jan 18, 2024 8-K Current Report
Jan 3, 2024 8-K Current Report
Dec 15, 2023 144 Filing