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Avis Budget Group, Inc. - Company Profile

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Avis Budget Group, Inc. - Overview

Brands
Apex, Avis, Budget, FranceCars, Maggiore, Morini Rent, Payless, Turiscar, Zipcar
Description
Avis Budget is a public company headquartered in New Jersey with an estimated 21,000 employees. In the US, the company has a notable market share in at least three industries: Real Estate and Rental and Leasing, Car Rental, Car Sharing Providers and Real Estate and Rental and Leasing. Their largest market share is in the Car Sharing Providers industry, where they account for an estimated 29.2% of total industry revenue.
Company Details

Registered Name: Avis Budget Group, Inc.

Company Type: Operating

Exchange: Nasdaq

Headquarters: 6 Sylvan Way Parsippany NJ 07054

Website: https://avisbudgetgroup.com/

Employees: 21000

Avis Budget Group, Inc. - Operating Industries and Main Competitors

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Avis Budget Group, Inc. - Products and Services

  • Car Rental in the US

    • Of the 5 core revenue-generating products and services in the Car Rental in the US industry, Avis Budget Group, Inc. offers:
    • Business car rental
    • Car leasing
    • Car sharing
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  • Car Sharing Providers in the US

    • Of the 3 core revenue-generating products and services in the Car Sharing Providers in the US industry, Avis Budget Group, Inc. offers:
    • Sedans and compact cars
    • Sports utility vehicles
    • Vans
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Avis Budget Group, Inc. - Analyst Insights

Avis speeds to its best annual performance in 75-year history in 2021

Avis Budget Group, Inc. (Avis) net revenue increased 72.0% in 2021 compared to the year prior, indicating the company’s robust recovery following crushed demand for rental cars during the COVID-19 (coronavirus) pandemic. A return to travel in 2021 shot the cost of rental cars up, leading Avis to record its highest net income on record as well. Company growth was contested by the emergence of the Omicron variant in late 2021, although redistribution of the company’s fleet to regions where travel remained robust sustained demand.

COVID|Labor|New Activity|ESG|Discontinued Activity


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Avis Budget Group, Inc. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Avis Budget Group, Inc.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Real Estate and Rental and Leasing in the US, Car Rental in the US, and Car Sharing Providers in the US industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
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Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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Avis Budget Group, Inc. - Financial Statements & Ratios

pie_chartAvis Budget Group, Inc. Income Statement

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Revenue9,313.05,402.09,172.09,124.08,848.08,659.0
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
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pie_chartAvis Budget Group, Inc. Balance Sheet

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Cash and Equivalents534.0692.0686.0615.0611.0490.0
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

pie_chartAvis Budget Group, Inc. Cash Flow

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Net Income1,283.0-684.0302.0165.0361.0163.0
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
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