 | |
 An Avis Budget Group location in Toronto | |
| Company type | Public |
|---|---|
| Industry | |
| Predecessor | Cendant |
| Founded | 2006; 19 years ago (2006) |
| Founders | |
| Headquarters | , United States |
Number of locations | 10,995 (2025) |
Areas served | Worldwide |
Key people |
|
| Services | Car andtruck rentals |
| Revenue |  US$11.79 billion (2024) |
| US$−1.32 billion (2024) | |
| US$−1.82 billion (2024) | |
| Total assets | US$29.04 billion (2024) |
| Total equity | US$−2.32 billion (2024) |
Number of employees | 23,996 (2025) |
| Subsidiaries | |
| Website | avisbudgetgroup |
| Footnotes / references [1][2] | |
Avis Budget Group, Inc. is an Americancar rental agencyholding company headquartered inParsippany, New Jersey. It is the parent company of several brands includingAvis Car Rental,[3]Budget Rent a Car,[4]Budget Truck Rental,Payless Car Rental, andZipcar.[5]
The company also operates several smaller, regional brands including ACL Hire, Apex Car Rentals,[6] AmicoBlu, France Cars, Maggiore Group,[7] MoriniRent, TurisCar and TurisPrime.[5]
It is one of the three big rental car holding companies in the United States. During 2018 Avis along with 90 additionalFortune 500 companies "paid an effective federal tax rate of 0% or less" as a result of Donald Trump´sTax Cuts and Jobs Act of 2017.[8] In 2021 it held a 26% market share, placing it behind both theHertz Global Holdings andEnterprise Holdings.[9]
Following the decision to dissolve theCendant company name and split into four separate companies, the vehicle rental division of Cendant became Avis Budget Group in 2006.[10]
In 2011, Avis Budget Group acquiredAvis Europe, an independently owned company licensee, globally reuniting the Avis and Budget brands.[11]
On September 5, 2012, Avis Budget Group acquired Apex Car Rentals of New Zealand.[12]
On March 14, 2013, Avis Budget Group purchasedcarsharing companyZipcar for aboutUS$500 million in cash.[13][14]
On April 9, 2015, Avis Budget Group announced it had completed the acquisition of Maggiore Group, Italy's fourth-largest vehicle rental company.[15]During 2018 Avis along with 90 additionalFortune 500 companies "paid an effective federal tax rate of 0% or less" as a result of Donald Trump´sTax Cuts and Jobs Act of 2017.[8]
The company's stock value rose dramatically due to increased demand for car rentals during theCOVID-19 pandemic[16] and it became ameme stock in November 2021, with shares at one point doubling in a single day.[17] Despite rising revenues, the value of the stock began to decline in 2024 due to rising federal interest rates and declining values for used cars.[18]
