Avis Budget Group
Parsippany, United States · Travel
Avis Budget Group, Inc. is a leading global provider of transportation solutions, both through its Avis and Budget brands, which have more than 11,000 rental locations in approximately 180 countries around the world, and through its Zipcar brand, which is the world's leading car sharing network, with more than one million members. Avis Budget Group operates most of its car rental offices in N
Key facts
- Headquarters
- Parsippany, United States
- Employees
- 4
- Industries
- Travel
- Status
- Public (CAR)
- Website
- www.avisbudgetgroup.com
- Company page
Recent activity at Avis Budget Group
- : SEC 8-K (1.01): On September 21, 2026, Avis Budget Group, Inc.'s subsidiary, Avis Budget Rental Car Funding (AESOP) LLC, entered into a material definitive agreement by issuing $650 million of asset-backed securities with a maturity of five years. The issuance includes $474.5 million of Series 2026-5 Class A notes at 5.69%, $61.75 million of Class B notes at 5.95%, $47.125 million of Class C notes at 6.44%, and $66.625 million of Class D notes at 8.14%. Additionally, $35.75 million of subordinated Series 2026-5 Class R notes were issued to meet U.S. risk retention requirements. This financing arrangement is strategically significant as it bolsters the company's capital structure and supports its ongoing operations.
- : Avis Budget Group Announces Departure of Chief Digital & Innovation Officer
- : SEC 8-K (5.02): On September 1, 2026, Avis Budget Group, Inc. announced the departure of Ravi Simhambhatla, Executive Vice President and Chief Digital & Innovation Officer. Mr. Simhambhatla will continue in his role until September 30, 2026, to ensure a smooth transition. The company expressed gratitude for his leadership and contributions over the last four years. This change may impact the company's strategic initiatives in digital transformation and innovation efforts moving forward.
- : Avis Budget Group raised $650 million through asset-backed securities across Series 2026-3 and Series 2026-4 to fund its fleet, with Bank of New York Mellon as trustee.
- : Avis Budget Group Appoints Joe Ferraro as Chief Executive Officer
- : Avis Budget Group and Wyndham Vacation Ownership Announce New Multi-Year Partnership to Enhance Car Rental Services.
- : Avis Budget Group Secures $965 Million in Asset-Backed Securities
- : SEC 8-K (1.01): On December 30, 2025, Avis Budget Group, Inc.'s subsidiary, Interpace Funding LLC, entered into a material definitive agreement by issuing $965 million of alternative funding asset-backed securities with a targeted two-year term and a maturity date of June 20, 2028. The issuance includes approximately $844 million of floating rate Class A Notes, $44 million of 5.65% Class B Notes, and $77 million of 7.35% Class C Notes. This transaction is secured by certain vehicles in the domestic fleet and related assets. The agreement highlights strategic financing to enhance the company’s capital structure and operational flexibility.
- : Avis Budget Group Appoints Daniel Cunha as Chief Financial Officer
Avis Budget Group funding history
| Date | Round | Amount |
|---|---|---|
| Jun 2026 | Funding Round | $650.0M |
| Jan 2026 | Funding Round | $965.0M |
Leadership
- Craig Olson, Director, Latin America & Caribbean Licensees
- Gianluca Testa, Senior Vice President Operations EMEA
- Ravi Simhambhatla, Executive Vice President
- Joe Ferraro, Chief Executive Officer
- Heidi Myers, VP, Global Talent Acquisition
- Gerard Insall, Chief Information Officer
- Jean Sera, Senior Vice President
- Brian Choi, Chief Transformation Officer
- Daniel Cunha, Chief Financial Officer
- Izzy Martins, Chief Financial Officer
Verified email and direct lines for Avis Budget Group’s decision-makers are on Fundz. See plans
Employee benefit plans
Avis Budget Group files 14 employee benefit plans with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.
Avis Budget Group in the news
- Avis Budget Group to Announce First Quarter 2026 Results on April 29, 2026 - GlobeNewswire (Apr 22, 2026)
- Avis Budget Group (CAR): Company Profile, Stock Price, News, Rankings - Fortune (Jun 03, 2026)
- Avis Budget Group, Inc. (CAR) Company Profile & Facts - Yahoo! Finance Canada (May 19, 2017)
- Avis Redefines Premium Travel with "Avis First": A Concierge Car Hire Experience That Transforms Your Arrival - PR Newswire UK (Oct 22, 2025)
- Joint Statement from Avis Budget Group and Pentwater Capital Management - GlobeNewswire (Jul 21, 2026)
- Avis Budget Group Reports Record Revenues, Net Income and Adjusted EBITDA - GlobeNewswire (Feb 14, 2022)
- Avis Budget Group Boosts Fleet of Connected Cars With 75,000 In-Vehicle Telematics Units From I.D. Systems - GlobeNewswire (Dec 17, 2018)
- Avis Budget Group Agrees to Acquire Maggiore Group - GlobeNewswire (Mar 02, 2015)
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About Avis Budget Group: questions and answers
What does Avis Budget Group do?
Avis Budget Group, Inc. is a leading global provider of transportation solutions, both through its Avis and Budget brands, which have more than 11,000 rental locations in approximately 180 countries around the world, and through its Zipcar brand, which is the world's leading car sharing network, with more than one million members. Avis Budget Group operates most of its car rental offices in N
Where is Avis Budget Group headquartered?
Avis Budget Group is headquartered in Parsippany, United States.
How many employees does Avis Budget Group have?
Avis Budget Group has about 4 employees.
Has Avis Budget Group raised funding?
Yes. Fundz has recorded 2 funding events for Avis Budget Group. The most recent, Funding Round of $650.0M, was in Jun 2026.
Who leads Avis Budget Group?
Gianluca Testa is a Senior Vice President Operations EMEA at Avis Budget Group.
What is the latest news on Avis Budget Group?
On Sep 21, 2026, SEC 8-K (1.01): On September 21, 2026, Avis Budget Group, Inc.'s subsidiary, Avis Budget Rental Car Funding (AESOP) LLC, entered into a material definitive agreement by issuing $650 million of asset-backed securities with a maturity of five years. The issuance includes $474.5 million of Series 2026-
Is Avis Budget Group a public company?
Yes. Avis Budget Group is publicly traded under the ticker CAR.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy