Last $59.99 USD
Change Today +0.56 / 0.94%
Volume 745.8K
CAR On Other Exchanges
As of 8:10 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

avis budget group inc (CAR) Snapshot

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52 Week High
07/3/14 - $61.95
52 Week Low
08/30/13 - $26.57
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Current Stock Chart for AVIS BUDGET GROUP INC (CAR)

avis budget group inc (CAR) Details

Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers worldwide. The company has three segments: North America, International, and Truck Rental. It operates the Avis car rental system with approximately 5,450 locations, that supply rental cars to the premium commercial and leisure segments of the travel industry; the Budget vehicle rental system with approximately 3,350 car rental locations, which serve the value-conscious segments of the industry; Zipcar, a membership-based car sharing network that provides vehicles to approximately 860,000 members; and the Payless brand, which comprises approximately 125 vehicle rental locations, as well as operates Apex brand primarily in the deep-value segment of the car rental industry with approximately 19 rental locations. The company also operates local and one-way truck rental businesses with a fleet of approximately 23,000 trucks, which are rented through a network of approximately 1,300 dealers and 350 company-operated locations that serve the consumer and light commercial sectors. In addition, it provides a range of optional insurance products and coverages, such as supplemental liability insurance, personal accident insurance, personal effects protection, physical damage waivers, automobile towing protection, and cargo insurance. Avis Budget Group, Inc. was founded in 1946 and is headquartered in Parsippany, New Jersey.

22,000 Employees
Last Reported Date: 02/21/14
Founded in 1946

avis budget group inc (CAR) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.2M
Global Chief Financial Officer and Senior Exe...
Total Annual Compensation: $680.8K
President of Europe, Middle East and Africa
Total Annual Compensation: $680.8K
President of North America
Total Annual Compensation: $680.8K
President of Latin America/Asia-Pacific
Total Annual Compensation: $516.2K
Compensation as of Fiscal Year 2013.

avis budget group inc (CAR) Key Developments

Avis Budget Group, Inc. Rolls Out Mobile Wi-Fi Across Europe

Avis Budget Group, Inc. announced that Avis Car Rental and Budget Car Rental customers can now rent portable Wi-Fi devices in twelve European countries. The new offering provides customers with access to 1GB of data per day without the fear of incurring roaming charges when traveling throughout Europe. Users can connect up to five devices at the same time, including smartphones, tablets, laptops and other Wi-Fi-enabled gadgets. The units offer a download speed of 21.6 Mbps for a simple, fast and reliable way to conduct video conferences, access documents, surf the web, stream movies and access social media sites. Mobile Wi-Fi is available in Austria, Belgium, the Czech Republic, France, Germany, Italy, Luxembourg, the Netherlands, Portugal, Spain, Switzerland and the United Kingdom. The service can be rented by requesting it at the counter. For customers' safety, Wi-Fi devices should never be used by the driver while the vehicle is in operation. Wi-Fi service should be used only by passengers or while the vehicle is parked.

Avis Budget Mulls Acquisitions

Avis Budget Group, Inc. (NasdaqGS:CAR) is looking for acquisitions. David Wyshner, Senior Executive Vice President and Chief Financial Officer of Avis, said, “Our plans for capital allocation remain the same. We continue to hunt for attractive, synergistic tuck-in acquisitions, expect our spending on tuck-in deals over the first half of the year will be around $50 million in total.”

Avis Budget Group, Inc. Presents at Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference, Jun-02-2014 10:15 AM

Avis Budget Group, Inc. Presents at Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference, Jun-02-2014 10:15 AM. Venue: Goldman Sachs Conference Center, New York, New York, United States. Speakers: David B. Wyshner, Global Chief Financial Officer and Senior Executive Vice President.


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Valuation CAR Industry Range
Price/Earnings 100.0x
Price/Sales 0.8x
Price/Book 8.9x
Price/Cash Flow 27.8x
TEV/Sales NM Not Meaningful

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