Avis Budget Group
Investments
7Portfolio Exits
7Partners & Customers
10About 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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Avis Budget Group Web Traffic
Avis Budget Group Rank
Latest Avis Budget Group News
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.
Avis Budget Group Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
4/30/2020 | Series C | otonomo | $46M | Yes | 15 | |
12/30/2019 | Convertible Note | |||||
4/30/2011 | Convertible Note | |||||
10/25/2007 | Corporate Minority | |||||
4/17/2000 | Series C |
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 | ||||
Amount | $46M | ||||
New? | Yes | ||||
Co-Investors | |||||
Sources | 15 |
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 | |||
Date | 12/9/2021 | ||||
---|---|---|---|---|---|
Exit | Divestiture | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 |
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 | Acquired | 4 | ||||
9/14/2016 | ||||||
4/9/2015 | ||||||
7/15/2013 | ||||||
3/18/2013 | Series E+ |
Date | 10/3/2018 | 9/14/2016 | 4/9/2015 | 7/15/2013 | 3/18/2013 |
---|---|---|---|---|---|
Investment Stage | Series E+ | ||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acquired | ||||
Sources | 4 |
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 | Edison Interactive, and Yahoo | United States | `` 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 | ||||
12/10/2019 | Partner |
Date | 2/19/2021 | 1/23/2020 | 12/10/2019 | 12/10/2019 | 12/10/2019 |
---|---|---|---|---|---|
Type | Vendor | Partner | Partner | Partner | Partner |
Business Partner | Edison Interactive, and Yahoo | ||||
Country | Malta | United Kingdom | 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 . | `` 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 . '' | ||
Sources | 1 | 1 | 3 |
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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