|
66%
agree
9 votes
|
Valuation is low |
|
100%
agree
1 votes
|
Avis will have difficulty in making its debt paymentss |
|
50%
agree
8 votes
|
Do not expect growing profits in this environment. |
May 25, 2013
Avis Budget Group (NYSE: CAR) is the largest publicly-traded car rental company in the U.S. It manages a fleet of approximately 350,000 cars and trucks through 6,500 locations and two highly recognized brands, Avis and Budget. In 2009, Avis Budget generated over 81% of its revenue from airport locations.[1] Its Avis and Budget brands combined have a significant market share in the airport car rental business when compared to competitors such as Hertz. However, privately-held Enterprise Rent-a-car is more than twice as large as runner-up Avis Budget by market share. Enterprise generates most of its revenue from local, off-airport locations.
The Avis brand represented about 61% of 2009 revenues, followed by Budget's 32%, and finally 7% by Budget Trucks.[1] In 2009, the company completed over 23 million vehicle rental transactions, and earned $4.0 billion in total car rental revenue.
(Read more at Wikinvest
) - Business Overview
- Financial Performance
- Business Financials
- Business Segments
- Domestic Car Rental (77.3% of 2009 Revenues)[3]
- International Car Rental (15.8%)[3]
- Truck Rental (6.9%)[3]
- Business strategy
- Trends and Forces
- Airline Travel
- The company is subject to problems associated with domestic auto manufacturers
- Demand for asset-backed securities largely determines the attractiveness of financing available for the company's fleet
- Competition
- Footnotes
