|Exchange:||NASDAQ national market|
|Stock:||Avis Budget Group Inc|
|Industry:||Rental & Leasing Services|
|Avis Budget Group, Inc. is a Delaware Corporation. It operates two of the most recognized brands in the global vehicle rental industry through Avis and Budget. It categorizes its operations in three operating segments: domestic car rental, consisting of its Avis and Budget U.S. car rental operations; international car rental, consisting of its international Avis and Budget vehicle rental operations; and truck rental, consisting of its Budget truck rental operations in the United States. Avis is a rental car supplier to the premium commercial and leisure segments of the travel industry and Budget is a rental car supplier to the value-conscious segments of the industry. It is a vehicle rental operator in North America, Australia, New Zealand and certain other regions it serves, based on published airport statistics. It maintains a share of airport car rental revenue and operates the consumer truck rental businesses in the United States. The Domestic Car Rental provides car rentals and ancillary products and services in the United States. The International Car Rental provides vehicle rentals and ancillary products and services mainly in Argentina, Australia, Canada, New Zealand, Puerto Rico and the U.S. Virgin Islands. The Truck Rental provides truck rentals and related services to consumers and light commercial users in the United States. It competes mainly with the following companies namely Hertz Global Holdings, Inc., which operates the Hertz and Advantage brands; Dollar Thrifty Automotive Group; Enterprise Rent-A-Car Company, which also operates the National Car Rental and Alamo brands; Europcar, U-Haul International, Inc., Penske Truck Leasing Corporation, Ryder System, Inc., Enterprise Rent-A-Car Company and many others. It is subject to federal, state and local laws and regulations, including those relating to taxing and licensing of vehicles, franchising, consumer credit, consumer protection, environmental protection, insurance, privacy and labor matters.|
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