Avis Budget Group, Inc. (CAR)

Avis Budget Group, Inc. is a leading global provider of mobility solutions, primarily known for its car rental services through its iconic brands Avis, Budget, and Zipcar. The company was founded in 2006 following the merger of Avis and Budget Rent a Car, combining efficiencies and broadening its market presence. As of 2023, the CEO is Joe Ferraro, who has been with the company since 2020 and has played a crucial role in driving its strategic growth and digital transformation. Headquartered in Parsippany, New Jersey, Avis Budget Group operates in approximately 180 countries, offering a wide array of rental vehicles to suit diverse customer needs, from economy cars to luxury vehicles. In 2022, the company reported revenues upwards of $11 billion, reflecting its strong position in the global car rental and sharing market. Avis Budget Group is committed to innovation and sustainability, investing in technology to enhance the customer experience and expanding its fleet of electric vehicles to meet environmental goals.