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Corporation
AUTOMOTIVE & TRANSPORTATION | Transportation Services / Taxi, Limousine & Vehicle Rental Services
avisbudgetgroup.com

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Investments

7

Portfolio Exits

7

Partners & Customers

10

About Avis Budget Group

Avis Budget Group is a global provider of vehicle rental and car sharing services, operating Avis, Budget, and Zipcar. The Company is a leading vehicle rental operator in North America, Europe, Australia, New Zealand and certain other regions. Avis Budget Group and its licensees operate the Avis and Budget brands in approximately 180 countries throughout the world. Avis Budget Group also owns Payless, a car rental brand that operates in the deep-value segment of the industry, Apex a leading deep-value car rental brand in New Zealand and Australia, and Maggiore, Italy's fourth-largest vehicle rental business.

Avis Budget Group Headquarter Location

6 Sylvan Way

Parsippany, New Jersey, 7054,

United States

+1 973 496 4700

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Expert Collections containing Avis Budget Group

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Avis Budget Group in 1 Expert Collection, including Fortune 500 Investor list.

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Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

Avis Budget Group Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Avis Budget Group Rank

Latest Avis Budget Group News

Stocks making the biggest moves after hours: Chegg, Clorox, Devon Energy and more

May 3, 2022

Stocks making the biggest moves after hours: Chegg, Clorox, Devon Energy and more Source: Getty image Chegg — shares tumbled almost 30% after the reading material organization detailed powerless entire year direction notwithstanding surpassing profit assumptions. In its latest quarter, Chegg announced an income of 32 pennies for each offer on incomes of $202 million. Investigators studied by Refinitiv were expecting an income of 24 pennies for every offer on incomes of $201 million. This quarterly report addresses an income shock of 28%. A quarter prior, it was normal that this supplier of online reading material rental administrations would post a profit of $0.31 per share when it really created an income of $0.38, conveying an astonishment of 22.58%. Over the last four quarters, the organization has outperformed agreement EPS appraises multiple times. Chegg, which has a place with the Zacks Internet – Software industry, posted incomes of $202.24 million for the quarter finished March 2022, missing the Zacks Consensus Estimate by 0.36%. This looks at to year-prior incomes of $198.38 million. The organization has topped agreement income appraises twice over the last four quarters. The manageability of the stock’s quick cost development in view of the as of late delivered numbers and future income assumptions will for the most part rely upon the board’s critique on the profit call. Chegg shares have lost around 19.4% since the start of the year versus the S&P 500’s decay of – 13.3%. While Chegg has underperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Clorox — Clorox’s stock cost plunged around 1.9% after the producer of family items cut its entire year gross edge attitude toward inflationary worries. Clorox in any case beat profit assumptions subsequent to announcing an income of $1.31 per share on incomes of $1.81 billion. The organization was supposed to acquire 97 pennies for each offer on incomes of $1.79 billion, as per agreement gauges from Refinitiv. Devon Energy — Shares hopped over 2% after the organization reported a profit and buyback climb. The oil and gas organization announced an income of $1.88 per offer and incomes of $3.8 billion for the quarter finishing March. Experts surveyed by FactSet were expecting a profit of $1.75 per share on incomes of $4 billion. Avis Budget Group — The vehicle organization’s stock cost took off almost 7% after Avis Budget’s quarterly outcomes outperformed investigators’ assumptions. The organization profited from repressed travel requests that prodded buyers to lease vehicles even at greater costs. Avis detailed a profit of $9.99 per share on incomes of $2.4 billion. Investigators surveyed by Refinitiv were gauging income of $3.45 per share on incomes of $2.08 billion.

Avis Budget Group Investments

7 Investments

Avis Budget Group has made 7 investments. Their latest investment was in otonomo as part of their Series C on April 4, 2020.

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Avis Budget Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/30/2020

Series C

otonomo

$46M

Yes

15

12/30/2019

Convertible Note

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$99M

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10

4/30/2011

Convertible Note

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$99M

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10

10/25/2007

Corporate Minority

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$99M

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10

4/17/2000

Series C

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$99M

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10

Date

4/30/2020

12/30/2019

4/30/2011

10/25/2007

4/17/2000

Round

Series C

Convertible Note

Convertible Note

Corporate Minority

Series C

Company

otonomo

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Amount

$46M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

15

10

10

10

10

Avis Budget Group Portfolio Exits

7 Portfolio Exits

Avis Budget Group has 7 portfolio exits. Their latest portfolio exit was Avis Budget Group - Netherlands on December 09, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/9/2021

Divestiture

1

8/17/2021

Reverse Merger

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$99M

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10

1/2/2019

Divestiture

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10

10/9/2012

Acquired

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0

10/1/2009

Acquired - II

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10

Date

12/9/2021

8/17/2021

1/2/2019

10/9/2012

10/1/2009

Exit

Divestiture

Reverse Merger

Divestiture

Acquired

Acquired - II

Companies

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Valuation

$99M

Acquirer

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Sources

1

10

10

0

10

Avis Budget Group Acquisitions

7 Acquisitions

Avis Budget Group acquired 7 companies. Their latest acquisition was Turiscar Group on October 03, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/3/2018

$99M

Acquired

4

9/14/2016

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$99M

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10

4/9/2015

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$99M

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10

7/15/2013

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$99M

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10

3/18/2013

Series E+

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$99M

$99M

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10

Date

10/3/2018

9/14/2016

4/9/2015

7/15/2013

3/18/2013

Investment Stage

Series E+

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acquired

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Sources

4

10

10

10

10

Avis Budget Group Partners & Customers

10 Partners and customers

Avis Budget Group has 10 strategic partners and customers. Avis Budget Group recently partnered with HandsOn Systems on February 2, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

2/19/2021

Vendor

Malta

Avis Budget Malta chooses HandsOn Systems as their telematics supplier - HandsOn Systems

Avis Budget Malta chooses HandsOn Systems as their telematics supplier .

1

1/23/2020

Partner

United Kingdom

Avis to Connect 22K Fiat Vehicles in Europe

Avis Budget Group has formed a new agreement with Fiat Chrysler Automobiles to connect more than 22,000 Fiat Chrysler Automobiles vehicles in Avis Budget Group 's European fleet .

1

12/10/2019

Partner

United States

Avis Budget Group Partners with Verizon and Edison Interactive to Launch New All-in-One Digital Travel Assistant

`` The partnership between Avis Budget Group , Inc. , Verizon Media and Edison Interactive will prove to be incredibly valuable for rental car customers around the globe . ''

3

12/10/2019

Partner

United States

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10

12/10/2019

Partner

United States

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10

Date

2/19/2021

1/23/2020

12/10/2019

12/10/2019

12/10/2019

Type

Vendor

Partner

Partner

Partner

Partner

Business Partner

Country

Malta

United Kingdom

United States

United States

United States

News Snippet

Avis Budget Malta chooses HandsOn Systems as their telematics supplier - HandsOn Systems

Avis Budget Malta chooses HandsOn Systems as their telematics supplier .

Avis to Connect 22K Fiat Vehicles in Europe

Avis Budget Group has formed a new agreement with Fiat Chrysler Automobiles to connect more than 22,000 Fiat Chrysler Automobiles vehicles in Avis Budget Group 's European fleet .

Avis Budget Group Partners with Verizon and Edison Interactive to Launch New All-in-One Digital Travel Assistant

`` The partnership between Avis Budget Group , Inc. , Verizon Media and Edison Interactive will prove to be incredibly valuable for rental car customers around the globe . ''

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Sources

1

1

3

10

10

Avis Budget Group Team

21 Team Members

Avis Budget Group has 21 team members, including current Chief Executive Officer, Josip Voronjecki.

Name

Work History

Title

Status

Josip Voronjecki

Chief Executive Officer

Current

Donald B Taylor

Primus Capital, NuScriptRX, and Healthways

Managing Director

Current

Eric Lepleux

Fabulous Brands, and Singapore Airlines Cargo

Chief Executive Officer

Former

David N Siegel

Chief Executive Officer

Former

Michael J. White

Total Fleet Solutions, and ServiceMaster

President, Senior Vice President

Former

Name

Josip Voronjecki

Donald B Taylor

Eric Lepleux

David N Siegel

Michael J. White

Work History

Primus Capital, NuScriptRX, and Healthways

Fabulous Brands, and Singapore Airlines Cargo

Total Fleet Solutions, and ServiceMaster

Title

Chief Executive Officer

Managing Director

Chief Executive Officer

Chief Executive Officer

President, Senior Vice President

Status

Current

Current

Former

Former

Former

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