AVIS BUDGET GROUP, INC. (CAR)

Avis Budget Group, Inc. engages in the provision of vehicle sharing and rental services. It operates through the following segments: Americas, International, and Corporate and Other. The Americas segment includes the vehicle rental and car sharing operations in North America, South America, Central America, and the Caribbean. The International segment is involved in the vehicle rental and car sharing operations in Europe, the Middle East, Africa, Asia, and Australasia. The company was founded in 1946 and is headquartered in Parsippany, NJ.

Address

379 INTERPACE PARKWAY
PARSIPPANY, NJ 07054

Founded

1946

Number of Employees

24,500

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )
$210,494 $276,883 $289,994 $126,725 $128,606 $58,781 $112,817 - - - - $172,043
Average Price $53.15 $46.93 $30.43 $29.95 $37.14 $27.45 $22.49 - - - - $35.17
# Shares Purchased 3,960,643 5,899,844 9,530,005 4,231,265 3,462,932 2,141,267 5,016,847 - - - - 4,891,829
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date 43.0% 61.9% 149.8% 153.8% 104.6% 176.9% 238.0% - - - - 116.1%
S&P 500 Return to Date 181.9% 173.0% 168.6% 129.7% 104.9% 93.1% 74.8% - - - - 132.3%
Excess Total Return -138.9% -111.0% -18.8% 24.0% -0.2% 83.7% 163.1% - - - - -16.2%
Quartile Rank
Percentile Rank 45% 51% 70% 78% 74% 86% 91% - - - - 86%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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