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.
| 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 |
| Cathleen DeGenova | Vice President and Chief Accounting 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 |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| May 2, 2024 | 10-Q | Quarterly Report |
| May 1, 2024 | 8-K | Current Report |
| Apr 3, 2024 | DEFA14A | Additional definitive proxy soliciting materials and Rule 14(a)(12) material |
| Apr 3, 2024 | DEF 14A | Other definitive proxy statements |
| 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 |