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: 6 SYLVAN WAY
PARSIPPANY NJ 07054
Tel: N/A
Website: www.avisbudgetgroup.com
IR: See website
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Key People
Bernardo Hees
Independent Chairman of the Board
Joseph A. Ferraro
Interim President and Chief Executive Officer
John F. North
Chief Financial Officer, Executive Vice President
Izilda P. Martins
Interim President, Americas
Keith Rankin
President - International
Edward P. Linnen
Chief Human Resource Officer, Executive Vice President
Michael K. Tucker
Executive Vice President, Chief Compliance Officer, General Counsel
Cathleen DeGenova
Chief Accounting Officer
 
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 nine months ended 30 September 2019, Avis Budget Group Inc. revenues decreased 1% to $7.01B. Net income increased 5% to $160M. Revenues reflect International segment decrease of 5% to $2.19B. Net income reflects Depreciation expense decrease of 5% to $1.46B (expense), Gain on Sale of Vehicles increase of 97% to $69M (income). Basic Earnings per Share excluding Extraordinary Items increased from $1.95 to $2.13.
Employees: 30,000 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $17,510M as of Sep 30, 2019
Annual revenue (TTM): $9,060M as of Sep 30, 2019
EBITDA (TTM): $3,661M as of Sep 30, 2019
Net annual income (TTM): $173.00M as of Sep 30, 2019
Free cash flow (TTM): -$10,938M as of Sep 30, 2019
Net Debt Last Fiscal Year: $14,460M as of Sep 30, 2019
Shares outstanding: 74,000,000 as of Sep 30, 2019
Index Membership: Dow Transportation, S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization