Avis Budget Group Inc. (OQ:CAR)

Sector:  Industrials Industry:  Passenger Transportation, Ground & Sea
See Regulatory Filings on SEC
Company Contact
Address: 6 SYLVAN WAY
Tel: N/A
Website: www.avisbudgetgroup.com
IR: See website
Key People
Bernardo Hees
Executive Chairman of the Board
Joseph A. Ferraro
President, Chief Executive Officer
Jagdeep Pahwa
Vice Chairman of the Board
Brian J. Choi
Chief Financial Officer
Keith Rankin
President - International
Edward P. Linnen
Chief Human Resource Officer, Executive Vice President
Izilda P. Martins
Executive Vice President, Americas
Jean M. Sera
Senior Vice President, General Counsel, Secretary
Cathleen DeGenova
Chief Accounting Officer, Vice President
Business Overview
Avis Budget Group Inc. is a provider of vehicle rental and car sharing services. The Company operates three brands, which include Avis, Budget and Zipcar. Avis and Budget are rental car suppliers. It also owns Payless, which is a car rental brand; Apex, which is a car rental brand in New Zealand and Australia; Maggiore, a vehicle rental brand in Italy, and France Cars, which operates light commercial vehicle fleets in France. The Company operates in two segments: Americas and International. The Americas segment provides and licenses the Company's brands to third parties for vehicle rentals and ancillary products and services in North America, South America, Central America and the Caribbean, and operates its car sharing business in certain of these markets. The International segment provides and licenses the Company's brands to third parties for vehicle rentals and ancillary products and services in Europe, the Middle East, Africa, Asia, Australia and New Zealand.
Financial Overview
For the six months ended 30 June 2020, Avis Budget Group Inc. revenues decreased 41% to $2.51B. Net loss increased from $29M to $639M. Revenues reflect North america segment decrease of 38% to $1.82B, International segment decrease of 47% to $691M. Higher net loss reflects Restructuring and other related charges increase of 64% to $72M (expense), Gain on Sale of Vehicles decrease of 59% to $13M (income).
Employees: 30,000 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $15,341M as of Jun 30, 2020
Annual revenue (TTM): $7,428M as of Jun 30, 2020
EBITDA (TTM): $2,235M as of Jun 30, 2020
Net annual income (TTM): -$308.00M as of Jun 30, 2020
Free cash flow (TTM): -$6,594M as of Jun 30, 2020
Net Debt Last Fiscal Year: $13,185M as of Jun 30, 2020
Shares outstanding: 69,668,363 as of Jul 27, 2020
Index Membership: Dow Transportation, S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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