Avis Budget Group Inc (OQ:CAR)
Business Focus: Passenger Car rental
| Sector: Industrials | Industry: Passenger Transportation, Ground & Sea |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 379 INTERPACE PARKWAY PARSIPPANY NJ 07054 |
| Tel: | N/A |
| Website: | https://avisbudgetgroup.com |
| IR: | See website |
| Key People | ||
| Bernardo Hees Executive Chairman of the Board | Cathleen Degenova Chief Accounting Officer, Vice President | Joseph A. Ferraro President, Chief Executive Officer |
| Jagdeep Pahwa Vice Chairman of the Board | Izilda P. Martins Chief Financial Officer, Executive Vice President | Patrick Kenneth Rankin President - International |
| Edward P. Linnen Chief Human Resource Officer, Executive Vice President | Brian J. Choi Executive Vice President, Chief Transformation Officer | Ravi Simhambhatla Executive Vice President, Chief Digital and Innovation Officer | Jean M. Sera Senior Vice President, Chief Compliance Officer, General Counsel, Corporate Secretary |
| Business Overview |
| Avis Budget Group, Inc. is a provider of mobility solutions through its three brands, Avis, Budget and Zipcar, as well as several other brands. Its brands offer a range of options, from car and truck rental to car sharing. Its segments include Americas and International. The Americas segment consists primarily of vehicle rental operations in North America, South America, Central America and the Caribbean, and operates a car sharing business in these markets. The International segment consists of vehicle rental operations in Europe, the Middle East, Africa, Asia and Australasia, and operates a car sharing business in these markets. The Avis brand provides vehicle rental and other mobility solutions at price points generally above non-branded and value-branded vehicle rental companies and serves the premium commercial and leisure segments of the travel industry. Its other brands include Payless, Maggiore and Morini Rent, FranceCars, Apex, Turiscar and ACL Hire and McNicoll Hire. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Avis Budget Group Inc revenues increased less than 1% to $12.01B. Net income decreased 41% to $1.63B. Revenues reflect International segment increase of 6% to $2.66B, Other Foreign segment increase of 7% to $3.23B, also reflect Americas segment decrease of 1% to $9.35B, United States segment decrease of 2% to $8.78B. |
| Employees: | 18,000 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $26,841M as of Dec 31, 2023 |
| Annual revenue (TTM): | $12,008M as of Dec 31, 2023 |
| EBITDA (TTM): | $4,785M as of Dec 31, 2023 |
| Net annual income (TTM): | $1,632M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$11,630M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $23,205M as of Dec 31, 2023 |
| Shares outstanding: | 35,647,164 as of Mar 28, 2024 |
| Index Membership: | Dow Transportation, S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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