Full-Time
Posted on 12/13/2025
Global car rental and sharing provider
$16.50/hr
Indianapolis, IN, USA
In Person
Avis Budget Group provides mobility solutions through its brands Avis, Budget, and Zipcar. It offers traditional car rentals and car sharing to people who need temporary transportation. The company operates a global network with about 10,250 rental locations in roughly 180 countries, managing most rental offices in North America, Europe, and Australasia and using licensees elsewhere. Revenue comes mainly from rental fees. The different brands target different customers: Avis as a premium option, Budget as a value option, and Zipcar for urban car sharing. The company aims to give customers flexible vehicle access globally by combining owned and licensed locations with a mix of rental and sharing services.
Company Size
10,001+
Company Stage
IPO
Headquarters
Parsippany-Troy Hills, New Jersey
Founded
1946
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Paid Vacation
401(k) Retirement Plan
401(k) Company Match
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Commuter Benefits
Employee Discounts
Employee Assistance Program
Partnership signed between Winair and Avis/Budget. Post on: April 23, 2026 Philipsburg - April 23, 2026 - The airline Winair announces the signing of a partnership with Avis/Budget, now designated as its preferred partner for vehicle rental. This collaboration aims to improve the overall passenger experience by offering a simple and reliable ground transportation solution upon arrival. Through a dedicated online booking platform, travelers can now pre-arrange their vehicle rentals, facilitating their transition from the plane to their final destination. "This partnership with Avis/Budget is fully aligned with our commitment to simplifying and optimizing the travel experience for our passengers," emphasizes Manuel Esu, Commercial Director of Winair. "By giving them access to a recognized provider, we offer them a practical and reliable solution from the moment they arrive." Customers can access this service via the Winair website, under the "Car Rental" section. With an international presence, Avis/Budget is renowned for the quality of its services and the diversity of its fleet, suitable for both business and leisure travel. This partnership will allow Winair passengers to benefit from a simplified booking process and efficient mobility solutions at their destination. About Winair. For 65 years, Windward Islands Airways International NV (Winair) has played a vital role in Caribbean connectivity, linking key destinations in the region with a reliable and accessible air transport offering. With more than 500 weekly flights to 17 destinations, the company actively contributes to the development of tourism and regional economic dynamism. Press contacts. Pascalle Wong-A-Foe Marketing and Communications Manager [email protected] Share:
Avis Budget Group surged to a nearly four-year high on Tuesday, reaching $256.99 in intraday trading before closing up 20 per cent at $255.15. The rally was driven by increased short interest and investor bets that rental car companies would benefit from travel disruptions caused by Middle East tensions. The heavily shorted company, with at least 20 per cent of its float sold short, reported a narrowed net loss of $889 million for 2025, down 51 per cent from $1.82 billion the previous year. Revenues declined 1.6 per cent to $11.6 billion from $11.79 billion year-on-year. In the fourth quarter, Avis Budget's attributable net loss fell 61.8 per cent to $747 million, whilst revenues dipped 1.7 per cent to $2.66 billion.
Ground transportation stocks reported a softer fourth quarter, with the 15 companies tracked missing revenue consensus estimates by 0.8% on average. However, share prices have risen 9.9% on average since the latest earnings results. Avis Budget Group reported revenues of $2.66 billion, down 1.7% year on year and missing analysts' expectations by 2.9%. Despite the disappointing quarter, the stock has surged 75% since reporting and currently trades at $215.76. XPO delivered the strongest performance among peers, with revenues of $2.01 billion, up 4.7% year on year and beating expectations by 2.9%. The stock has risen 11.4% since reporting to $199.98. The ground transportation industry continues investing in data analytics and autonomous fleets whilst navigating challenges from economic cycles and fuel costs.
Avis Budget Group (NASDAQ: CAR) launches 5,000,000-share at-the-market stock offering. Filing Impact (Moderate) Filing Sentiment Rhea-AI filing summary. Avis Budget Group entered into an Equity Distribution Agreement that allows it to sell up to 5,000,000 shares of its common stock from time to time through or to a syndicate of sales agents in at-the-market offerings under an existing shelf registration. Sales can be made on the Nasdaq Global Select Market, through market makers, or in negotiated transactions, with commissions to the agents capped at 2.00% of the gross sales price per share. The company may also sell shares to the agents acting as principals under separate terms agreements and can suspend the program at any time. Avis Budget expects to use any net proceeds for general corporate purposes. Insights. Avis Budget establishes an at-the-market equity program that could incrementally add capital but also modest dilution over time. Avis Budget Group put in place an Equity Distribution Agreement permitting sales of up to 5,000,000 common shares via multiple major banks in at-the-market transactions. This structure lets the company tap equity capital gradually under its existing automatic shelf registration. The agreement caps sales agent commissions at 2.00% of the gross sales price per share and can be suspended at any time, giving management flexibility over issuance timing and size. Any net proceeds are earmarked for general corporate purposes, without specific projects disclosed. The potential impact depends on how much of the 5,000,000-share capacity is ultimately used and at what prices. Subsequent disclosures in company filings will show actual shares sold and proceeds realized under this program. 8-K event classification. 2 items: 8.01, 9.01 03/27/2026 - 05:25 PM Faq. What equity program did Avis Budget Group (CAR) establish on march 27, 2026? Avis Budget Group established an Equity Distribution Agreement allowing sales of up to 5,000,000 common shares. These shares may be issued over time in at-the-market offerings through a group of sales agents under an existing shelf registration statement. How will Avis Budget Group (CAR) sell shares under the new Equity Distribution Agreement? Shares may be sold in at-the-market offerings directly on or through the Nasdaq Global Select Market, through market makers, or in negotiated transactions. Sales can occur at prevailing market prices, prices related to them, or at separately negotiated prices. What commissions will sales agents receive in Avis Budget Group's (CAR) ATM program? For shares sold through the sales agents acting as agents, Avis Budget Group will pay a commission at a mutually agreed rate not exceeding 2.00% of the gross sales price per share. The company will also cover certain offering-related expenses for the sales agents. Can Avis Budget Group (CAR) suspend or limit sales under the Equity Distribution Agreement? Avis Budget Group is not obligated to sell any shares under the Equity Distribution Agreement and may suspend the offering at any time. This provides management flexibility to adjust or halt issuance depending on market conditions or corporate needs. How does Avis Budget Group (CAR) plan to use proceeds from ATM share sales? Avis Budget Group expects to use net proceeds from any sales of shares under the Equity Distribution Agreement for general corporate purposes. The filing does not allocate proceeds to specific projects, leaving flexibility for a range of corporate funding needs. Which financial institutions act as sales agents in Avis Budget Group's (CAR) ATM program? Sales agents include BofA Securities, BNP Paribas Securities, Credit Agricole Securities (USA), J.P. Morgan Securities, Morgan Stanley & Co., RBC Capital Markets, Scotia Capital (USA), SG Americas Securities, Truist Securities, and Wells Fargo Securities, among others named in the agreement. Filing exhibits & attachments. 5 documents
RLI, a specialty insurance company founded in 1965, stands out with a 30% trailing 12-month operating margin and strong financial performance. The company has achieved 13.7% annual revenue growth over the past five years, with net premiums earned expanding 13.3% annually during the same period. RLI underwrites property, casualty and surety products through wholesale brokers, independent agents and carrier partnerships. Its market-beating return on equity demonstrates management's ability to invest in profitable ventures and gain market share. In contrast, analysts caution against Avis Budget Group, which has seen revenue decline 1.5% annually over two years with waning returns on capital, and Trimble, whose sales fell 2.8% annually whilst free cash flow margin dropped 9.2 percentage points over five years.