(CAR) Avis Budget - Ratings and Ratios

Avis Budget Group Inc. (NASDAQ:CAR) is a leading global provider of mobility solutions, operating through a diverse portfolio of brands that cater to both premium and value-conscious customers. The company’s core offerings include car and truck rentals, car sharing services, and a range of ancillary products designed to enhance the rental experience. Its flagship brands—Avis, Budget, and Zipcar—serve distinct market segments, with Avis targeting the premium commercial and leisure traveler, Budget focusing on cost-sensitive customers, and Zipcar operating as a car-sharing network for urban, short-term rentals.

The company’s operational footprint spans the Americas, Europe, the Middle East and Africa, Asia, and Australasia, with a fleet of approximately 500,000 vehicles. Budget Truck, a key component of the Budget brand, specializes in local and one-way truck and cargo van rentals, with a fleet of about 19,000 vehicles. This segment primarily serves the light commercial and consumer sectors in the continental United States through a network of dealer-operated and company-operated locations. In addition to its main brands, Avis Budget Group operates several regional car rental brands, including Payless, Apex, Maggiore, Morini Rent, FranceCars, AmicoBlu, Turiscar, ACL Hire, McNicoll Hire, TurisPrime, and RubyCa, allowing it to maintain a strong presence in niche markets.

Beyond vehicle rentals, the company generates significant revenue from ancillary products and services. These include optional insurance products (e.g., supplemental liability, personal accident, and cargo insurance), fuel service options, roadside assistance, electronic toll collection, and accessories like GPS navigation, satellite radio, and child safety seats. Avis Budget Group also offers moving accessories such as hand trucks and furniture pads through its Budget Truck division. For corporate clients, the company provides Avis Budget Group Business Intelligence, an online portal with detailed rental analytics and reporting tools to help businesses manage their mobility costs and optimize fleet utilization.

Founded in 1946 and headquartered in Parsippany, New Jersey, Avis Budget Group Inc. has a