Avis Budget Group, Inc. CAR

Company Overview

Avis Budget Group, Inc. is a global provider of vehicle rental and mobility solutions, operating primarily in the travel and transportation services industry. The company is best known for offering short-term vehicle rentals to business and leisure travelers through its flagship brands Avis, Budget, and Zipcar. Its core revenue is generated from vehicle rentals, ancillary products such as insurance and fuel services, and fleet management efficiencies tied to vehicle acquisition and resale.

The company serves a broad customer base that includes corporate accounts, government agencies, leisure travelers, and urban consumers seeking flexible car-sharing options. Avis is positioned as a premium brand, Budget targets value-conscious customers, and Zipcar operates as a membership-based car-sharing service with hourly and daily rental options. Avis Budget Group was founded in 1946 with the launch of Avis Rent A Car and has evolved through multiple ownership changes and strategic acquisitions, culminating in its current structure as a publicly traded company following its separation from Cendant Corporation in 2006.