Avis Budget Group (NASDAQ:CAR) is a leading global provider of mobility solutions, offering vehicle rental, car-sharing and other transportation services under its flagship brands Avis, Budget and Zipcar, as well as regional brands including Payless, Apex and Maggiore. The company serves both leisure and corporate customers, delivering a range of rental vehicles from compact cars to premium sedans, SUVs and specialty vehicles. Additional services include chauffeur drives, car subscriptions and long-term rental options designed to meet diverse customer needs.
Operating in more than 180 countries and territories, Avis Budget Group maintains an extensive network of company-owned locations, franchisees and licensees across North America, Europe, Asia, Latin America, the Middle East, Africa and Oceania. The company’s distribution channels span traditional airport and urban rental outlets, digital platforms and mobile applications, enabling customers to reserve, modify and manage rentals seamlessly. Strategic partnerships with travel agencies, online travel platforms and corporate travel programs further enhance its market reach.
Originally founded as Avis Rent a Car in 1946 and Budget Rent a Car in 1958, the two companies merged in 2006 to form Avis Budget Group, combining complementary strengths in premium and value-oriented segments. Over the decades, the company has expanded its offerings through acquisitions, brand launches and technology investments. In 2013, it entered the car-sharing market with Zipcar, broadening its portfolio into on-demand, membership-based mobility services.
Governed by a board of directors and supported by a senior leadership team, Avis Budget Group continues to focus on innovation, fleet optimization and digital transformation. Key initiatives include the integration of connected-vehicle technology, the rollout of electric vehicles and the enhancement of self-service channels. Through these efforts, the company aims to deliver operational efficiency, sustainability and enhanced customer experience across its global footprint.
