Avis Budget Group
 | |
Type | Public |
|---|---|
| Traded as | NASDAQ: CAR DJTA Component S&P 400 Component |
| Industry | Rental & leasing services |
| Founded | 2006 |
| Founder | Henry Silverman, Warren Avis, Julius Lederer |
| Headquarters | Parsippany, New Jersey, United States |
Key people |
|
| Products | Car rental |
| Revenue |  US$ 8.66 billion (2016)[1] |
Operating income |  US$ 509 million (2016)[1] |
Net income | US$ 163 million (2016)[1] |
| Total assets | US$ 17.64 billion (2016)[1] |
| Total equity | US$ 221 million (2016)[1] |
Number of employees | 26,300 [2] (2017) |
| Website | www.avisbudgetgroup.com |
Avis Budget Group
Avis Budget Group, Inc. is the American parent company of Avis Car Rental,[3]Budget Car Rental,[3]Budget Truck Rental, Payless Car Rental, Apex Car Rentals,[4] Maggiore Group[5] and Zipcar.[6] The company's headquarters are located in Parsippany, New Jersey, United States.
As of 2011,[needs update] Avis Budget is the leading general-use vehicle rental company in North America, Australia and New Zealand.[7]
Contents
1 History
2 References
3 In popular culture
4 External links
History
Following the decision to dissolve the Cendant company name and split into four separate companies, the vehicle rental division of Cendant became Avis Budget Group in 2006.[8] At the end of 2008, Avis Budget became the first vehicle rental company to begin deployment RFID transponders in their fleet using a product from TransCore which includes an active RFID tag that can work with nearly all electronic toll collections systems in the United States, including E-ZPass in the Northeast, TxTag (Texas) and SunPass (Florida).[9]
On September 5, 2012, Avis Budget Group acquired Apex Car Rentals of New Zealand. [4][10]
On 14 March 2013 Avis Budget Group purchased Zipcar for about US$500 million in cash. Zipcar now operates as a subsidiary of Avis Budget Group. Scott Griffith, who had run the company for the previous 10 years, resigned the day after the acquisition closed, and passed the reins to a new company President, Mark Norman.[11]
On April 9, 2015, Avis Budget Group announced it had completed the acquisition of Maggiore Group, Italy's fourth-largest vehicle rental company.[5][12]
References
^ abcdefg "US SEC: Form 10-K Avis Budget Group". United States Securities and Exchange Commission. Missing or empty|url=(help);|access-date=requires|url=(help).mw-parser-output cite.citation{font-style:inherit}.mw-parser-output .citation q{quotes:"""""""'""'"}.mw-parser-output .citation .cs1-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration{color:#555}.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration span{border-bottom:1px dotted;cursor:help}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Wikisource-logo.svg/12px-Wikisource-logo.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output code.cs1-code{color:inherit;background:inherit;border:inherit;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;font-size:100%}.mw-parser-output .cs1-visible-error{font-size:100%}.mw-parser-output .cs1-maint{display:none;color:#33aa33;margin-left:0.3em}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-right{padding-right:0.2em}
^ "Avis Budget Group". Fortune. Retrieved 2018-12-07.
^ ab "Avis Car Rental and Budget Car Rental Recognized Among Top 50 'Green' Brands". avisbudgetgroup.com.
^ ab "Avis Budget Group Announces Agreement to Acquire Apex Car Rentals of New Zealand". avisbudgetgroup.com.
^ ab "Avis Budget Group Completes Acquisition of Maggiore Group". avisbudgetgroup.com.
^ "Avis Budget to buy Zipcar for $500 mln". Reuters. Retrieved 2 January 2013.
^ "Avis Beats on Better Travel Trends". Zacks Investment Research. May 4, 2011. Retrieved 2011-05-14.
^ "Cendant to become Avis. Budget". Pacific Business News. August 29, 2006. Retrieved 18 August 2012.
^ "Avis Budget Group Plans to Put Interoperable Toll Transponders on the Road". RFID Journal. December 23, 2008. Retrieved 2011-05-14.
^ "Archived copy". Archived from the original on 2015-05-18. Retrieved 2015-05-09.CS1 maint: Archived copy as title (link)
^ Rebecca Greenfield (2013-03-15). "Uh Oh, ZipCar's CEO Stepped Down Right After Its Merger with Avis". theatlanticwire.com.
^ Emily Bader (9 April 2015). "Avis completes $160M acquisition of Italian vehicle rental business". NJBIZ.
In popular culture
In the Seth MacFarlane's TV series The Orville, Avis is referenced as a Car Rental Company as well as the God of an alien species called The Krill.
External links
- Official website
- Business data for Avis Budget Group: Google Finance
- Yahoo! Finance
- Reuters
- SEC filings
- Business data for Avis Budget Group: Google Finance
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