Avis Budget Group, Inc.
0HK4.L
London Stock Exchange150.05
USD
-4.73
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Avis Budget Group, Inc.
0HK4.L
(London Stock Exchange)
Recent
price
150.05
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Avis Budget Group, Inc. is a global provider of mobility solutions headquartered in Parsippany, New Jersey, founded in 1958. The company operates through several well-known brands including Avis Car Rental, Budget Rent a Car, Budget Truck Rental, Payless Car Rental, and Zipcar, the world’s leading car-sharing network. Its core products and services include passenger car and truck rentals, car-sharing services, and ancillary mobility services such as GPS navigation, mobile Wi-Fi, SiriusXM radio, and child safety seats. Avis Budget Group operates approximately 10,250 rental locations across about 180 countries, with direct operations concentrated in North America, Europe, and Australasia, while deploying licensee models in other regions. The company’s fleet consists of roughly 695,000 vehicles, including a substantial number of connected vehicles aimed at advancing sustainable mobility. In the last 1-2 years, Avis Budget Group has strategically accelerated its fleet rotation, introducing more affordable 2025 model year vehicles to enhance vehicle utilization and reduce costs, while exiting older, higher-cost vehicles. This fleet rotation initiative led to a $2.5 billion impairment charge recognized in late 2024 but positions the company for adjusted EBITDA growth from 2025 onward. The company has also launched a new customer rental app in October 2024 to improve the rental experience through enhanced trip management and integration with its products. Avis Budget Group continues to leverage artificial intelligence and technology innovations to optimize operations and enhance customer service. Recent financial reports indicate revenue of $11.8 billion for the full year 2024, with ongoing emphasis on expanding international inbound and cross-border leisure travel profitability through differentiated pricing strategies. Avis Budget Group serves leisure and business travelers worldwide with various offerings tailored to different customer segments, including price-conscious travelers through Payless Car Rental and tech-savvy, on-demand urban users via Zipcar. The company remains focused on maintaining and expanding its market presence by integrating technology, improving fleet efficiency, and pursuing global operational excellence. This profile reflects Avis Budget Group's comprehensive product and service suite along with key recent strategic initiatives including its fleet modernization, technology enhancements, and continued geographic and brand expansion.