Avis Budget Group, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Company Description
- CEO
- Brian J. Choi
- Full Time Employees
- 21,000
- Sector
- Industrials
- Industry
- Rental & Leasing Services
- Address
- 379 Interpace Parkway Parsippany NJ United States of America 07054
- IPO Date
- Sep 14, 1983
- CIK
- 0000723612
- Website
- avisbudgetgroup.com
- Similar Companies
- Business
- Avis Budget Group, Inc. operates as a global provider of mobility solutions through three leading brands: Avis, Budget, and Zipcar. The company specializes in car rental services including standard car and truck rentals, corporate and leisure vehicle rentals, and on-demand car-sharing services primarily through its Zipcar brand. Its product offerings include a diverse fleet ranging from economy to premium and luxury vehicles, cargo vans, moving trucks (under Budget Truck), and specialty rentals such as child safety seats and GPS navigation systems. Avis Budget Group caters to a broad customer base including leisure and business travelers, event planners, and governments, operating extensively across North America, Europe, and select international markets. Founded in 1946 and headquartered in Parsippany, New Jersey, the company has developed value-added services such as Avis First, a premium car rental product introduced in 2025, which provides frictionless curbside pick-up and drop-off with dedicated concierge services. Recent strategic developments within the last two years include the launch of Avis First, reflecting a shift towards a premium service model intended to enhance customer experience and operational excellence. Avis Budget Group has focused on fleet modernization with a disciplined approach to vehicle acquisition, including managing the impact of vehicle recalls on fleet utilization and depreciation. The company emphasizes technological innovation through partnerships, notably with Waymo, to advance autonomous vehicle fleet management. Additionally, it has undertaken focused cost discipline measures to sustain profitability amid a mixed demand environment, especially addressing challenges in commercial and government segments. Future outlook anticipates growth aligned with key global events in 2026, including the World Cup and America's 250th anniversary, aimed at driving increased demand and revenue. Avis Budget Group maintains a significant presence through its integrated rental, truck, and car-sharing platforms, leveraging an extensive, connected vehicle fleet. It reinforces its market position through ongoing customer experience enhancements, digital innovation including artificial intelligence for service personalization, and strategic operational adjustments to meet evolving mobility needs worldwide. Recent executive management realignment in 2024 further reflects the company’s focus on financial discipline and growth execution. In summary, Avis Budget Group combines comprehensive vehicle rental solutions, premium service offerings, robust fleet management, and innovative technology partnerships to serve a diversified global customer base in the mobility industry. Its latest initiatives underscore a strategic pivot to upscale customer experience while maintaining operational efficiency and preparing for key market demand drivers in the near future.
Company News
Bronstein, Gewirtz & Grossman LLC Urges Avis Budget Group, Inc. Investors to Act: Class Action Filed Alleging Investor Harm
Avis Budget Group Shareholder Alert: ClaimsFiler Reminds Investors With Losses In Excess Of $100,000 Of Lead Plaintiff Deadline In Class Action Lawsuit Against Avis Budget Group, Inc. - CAR
CAR FINAL DEADLINE: ROSEN, A GLOBALLY RESPECTED LAW FIRM, Encourages Avis Budget Group, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important September 29 Deadline in Securities Class Action Against Pentwater Capital Management LP - CAR
CAR Deadline: Rosen Law Firm Urges Avis Budget Group, Inc. (NASDAQ: CAR) Stockholders with Losses in Excess of $100K to Contact the Firm for Information About Their Rights
CAR Deadline: Rosen Law Firm Urges Avis Budget Group, Inc. (NASDAQ: CAR) Stockholders with Losses in Excess of $100K to Contact the Firm for Information About Their Rights
CAR Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in Avis Budget Group, Inc. Securities Lawsuit - Contact SueWallSt
Ligand and AvenCell Therapeutics Enter Financing Agreement to Advance Pipeline of Next-Generation CAR-T Therapies for Up to $47 Million
AVIS DEADLINE: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Avis Budget Group, Inc. Investors to Secure Counsel Before Important September 29 Deadline in Securities Class Action Against Pentwater Capital Management LP - CAR
Kaplan Fox Reminds Avis Budget Group, Inc. (CAR) Investors of an Approaching Securities Class Action Deadline on September 29, 2026
CAR Shareholder Alert: September 29, 2026 Lead Plaintiff Deadline in Avis Budget Group, Inc. Securities Class Action - Contact Levi & Korsinsky
Kaplan Fox Alerts Investors of Avis Budget Group, Inc. (NASDAQ: CAR) with Significant Losses to a Securities Class Action Deadline on September 29, 2026
Avis Budget Group, Inc. Notice of September 29, 2026 Application Deadline for Class Action Lawsuit - Contact Lewis Kahn, Esq. at Kahn Swick & Foti, LLC, Before Application Deadline
Pomerantz Law Firm Announces the Filing of a Class Action on Behalf of Investors in Avis Budget Group, Inc. – CAR
Kaplan Fox Alerts Investors of Avis Budget Group, Inc. (CAR) to an Upcoming Deadline of September 29, 2026 in the Securities Class Action
Portnoy Law Firm Announces Class Action on Behalf of Avis Budget Group, Inc. Investors
AVIS DEADLINE: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Avis Budget Group, Inc. Investors to Secure Counsel Before Important September 29 Deadline in Securities Class Action Against Pentwater Capital Management LP - CAR
CAR Investor Alert: Avis Budget Group, Inc. Securities Class Action Notice - Contact SueWallSt
Avis Budget Deadline: CAR Investors Have Opportunity to Lead Avis Budget Group, Inc. Securities Fraud Lawsuit Against Pentwater Capital Management LP
CAR DEADLINE: ROSEN, NATIONAL INVESTOR COUNSEL, Encourages Avis Budget Group, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important September 29 Deadline in Securities Class Action Against Pentwater Capital Management LP - CAR
Kaplan Fox Notifies Avis Budget Group, Inc. (CAR) Investors of a Securities Class Action Lawsuit - Deadline is September 29, 2026