(CAR) Avis Budget - Ratings and Ratios

Avis Budget Group, Inc. is a leading provider of vehicle rental and mobility solutions, operating a diverse portfolio of brands that cater to various segments of the travel industry. The company's Avis brand, for instance, focuses on the premium commercial and leisure segments, offering a range of vehicle rental and mobility solutions to discerning customers. In contrast, the Budget brand targets more value-conscious customers, providing affordable vehicle rental and mobility solutions through its Budget car rental and Budget Truck businesses, which boast a fleet of approximately 19,000 vehicles in the continental United States.

The company's operations extend beyond these two core brands, with a network of other car rental brands, including Payless, Apex, Maggiore, Morini Rent, FranceCars, AmicoBlu, Turiscar, and ACL Hire and McNicoll Hire, as well as TurisPrime and RubyCa. This diverse portfolio enables Avis Budget Group to cater to a broad range of customers, from budget-conscious travelers to premium clientele, across various regions, including the Americas, Europe, the Middle East and Africa, Asia, and Australasia. Additionally, the company offers a range of ancillary products and services, such as optional insurance products, fuel service options, roadside assistance services, and electronic toll collection services, to enhance the overall customer experience.

Avis Budget Group also operates the Zipcar brand, a car sharing network that provides customers with access to vehicles for short-term rentals, often by the hour or day. This service is particularly popular among urban dwellers and individuals who require occasional use of a vehicle. Furthermore, the company offers a range of additional services, including access to satellite radio, mobile WiFi devices, GPS navigation, and child safety seat rentals, as well as automobile towing equipment and other moving accessories, such as hand trucks, furniture pads, and moving supplies. For business customers, Avis Budget Group provides a dedicated online portal, Avis Budget Group Business Intelligence, which offers rental summary dashboards, visualizations, and detailed reports to help manage their vehicle rental and mobility needs.

With a history dating back to 1946, Avis Budget Group, Inc. has evolved significantly over the years, having formerly been known as Cendant Corporation before changing its name in September 2006. Today, the company is headquartered in Parsippany, New Jersey, and is listed on the NASDAQ stock exchange under the ticker symbol CAR. As a leading player in the passenger ground transportation industry, Avis Budget Group, Inc. is committed to providing innovative mobility solutions that meet the evolving needs of its customers, while also delivering value to its shareholders.