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Avis Budget Group Inc   (CAR)
Other Ticker:  
 
    Sector  Services    Industry Rental & Leasing
   Industry Rental & Leasing
   Sector  Services
 
Price: $184.6000 $9.92 5.679%
Day's High: $183.45 Week Perf: -13.26 %
Day's Low: $ 176.89 30 Day Perf: -38.07 %
Volume (M): 68 52 Wk High: $ 545.11
Volume (M$): $ 12,084 52 Wk Avg: $172.81
Open: $184.59 52 Wk Low: $65.87



 Market Capitalization (Millions $) 10,057
 Shares Outstanding (Millions) 54
 Employees 30,000
 Revenues (TTM) (Millions $) 10,373
 Net Income (TTM) (Millions $) 1,980
 Cash Flow (TTM) (Millions $) -2
 Capital Exp. (TTM) (Millions $) 0

Avis Budget Group Inc

We operate two of the most recognized brands in the global vehicle rental industry through Avis and Budget. Avis is a leading rental car supplier to the premium commercial and leisure segments of the travel industry and Budget is a leading rental car supplier to the price-conscious segments of the industry. We believe we are the largest general-use vehicle rental operator in each of North America, Australia, New Zealand and certain other regions we serve, based on total revenue. We maintain the leading share of airport car rental revenue and we believe we operate the second largest consumer truck rental business in the United States based on available information.

Our car rental operations generate significant benefits from operating two distinctive brands that target different industry segments but share the same fleet, maintenance facilities, systems, technology and administrative infrastructure. We believe that Avis and Budget both enjoy complementary demand patterns with mid-week commercial demand balanced by weekend leisure demand.

Our operations have an extended global reach that includes approximately 6,700 car and truck rental locations in the United States, Canada, Australia, New Zealand, Latin America, the Caribbean and parts of the Pacific region. On average, our rental fleet totaled more than 410,000 vehicles. We rent our fleet of approximately 30,500 Budget trucks through a network of approximately 2,400 dealer operated, 210 company operated and 100 franchisee operated locations throughout the continental United States. We also license the use of the Avis and Budget trademarks to multiple licensees in areas in which we do not operate. The Avis and/or Budget vehicle rental systems in Europe, Africa, the Middle East and parts of Asia are operated at approximately 3,700 locations by subsidiaries and sub-licensees of an independent third party primarily under virtually royalty-free trademark license agreements.

In general, concession fees for on-airport locations are based on a percentage of total commissionable revenue (as defined by each airport authority), subject to minimum annual guaranteed amounts. Concessions are typically awarded by airport authorities every three to five years based upon competitive bids. Our concession agreements with the various airport authorities generally impose certain minimum operating requirements, provide for relocation in the event of future construction and provide for abatement of the minimum annual guarantee in the event of extended low passenger volume.

Competition

The car rental industry is characterized by intense price and service competition. Competition in the U.S. vehicle rental operations business is based primarily upon price, reliability, vehicle availability, national distribution, usability of booking systems, ease of rental and return and other elements of customer service. In addition, competition is influenced strongly by advertising, marketing and brand reputation. We compete primarily with the following car rental companies: Hertz Global Holdings, Inc., Vanguard Car Rental USA Group, which operates the National Car Rental and Alamo brands, Dollar Thrifty Automotive Group and Enterprise Rent-A-Car Company.

The truck rental industry is characterized by intense price and service competition. We compete with a large number of truck rental companies throughout the country, including U-Haul International, Inc., Penske Truck Leasing Corporation, Ryder System, Inc., Enterprise Rent-A-Car Company and many others.



   Company Address: 6 Sylvan Way Parsippany, 7054 NJ
   Company Phone Number: 496-4700   Stock Exchange / Ticker: NASDAQ CAR
   CAR is expected to report next financial results on August 03, 2022.


Customers Net Income grew by CAR's Customers Net Profit Margin grew to


7.55 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

Year to Date Decrease / Increase
     
R   -4.4%    
F   -41.07%    
• View Complete Report
   



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Avis Budget Group Inc 's Segments
 
Domestic Car Rental
 Segment    68.92 % of total Revenue
International Car Rental
 Segment    31.08 % of total Revenue
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Avis Budget Group Inc does not provide revenue guidance.

Earnings Outlook
Cleantech Acquisition Corp. does not provide earnings estimates.

 
Geographic Revenue Dispersion
United States 64.48 %
Other 35.52 %

Avis Budget Group Inc 's Operating Statistics Decrease / Increase
       
• View Complete Report


       
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