Budget Rent A Car

Budget Rent A Car is one of the largest car rental companies in the world, and has been in operation since 1958. Operating in approximately 2,750 locations in more than 120 countries, Budget is a wholly-owned subsidiary of Avis Budget Group, Inc. The Avis Budget Group operates approximately 750 Budget locations themselves, the remaining locations are licensed operators of what's known as the "Budget System". Of the 800 Budget locations in the U.S., 600 are operated by the Avis Budget Group, the remaining 200 are licensees, and may offer different vehicles and deals that those at the company-operated locations. Internationally the count is 150 company-operated locations versus 1,800 licensees.

Budget History

Budget was founded in 1958 in Los Angeles, California, by Morris Mirkin. The company grows quickly, both nationally and internationally, and was purchased in 1986 by Transamerica Corp. In 1997 Budget was purchased by Team Rental Group, Budget's largest U.S. franchisee, and changed it's name to Budget Group, Inc., and begin trading on the NYSE. In 1998 Budget introduced "Fastbreak", its express service. In 2002 Budget Group was de-listed from the NYSE and sold all its worldwide assets (other than Europe) to Cendant Corporation. European assets were sold to Avis Europe, Plc. In 2006, Cendant Corporation separated into four independent companies: the real estate division became Realogy, Inc., the hospitality division became Wyndham Worldwide, the travel distribution services division became Travelport, Inc., and was sold to The Blackstone Group. The remainder of Cendant was comprised of the vehicle rental services division, and was renamed Avis Budget Group.

Website Information

Website: Budget.com
Locations: Budget location search
Specials: Budget specials

Frequent Renter Information

Called Fastbreak, Budget's frequent renter program let's you rent with one click online, and bypass the counter when picking up your vehicle. You must rent at least three times each calendar year to stay as a member of Fastbreak. Additionally, with the Rent More, Save More program, you save 10-20% off future rentals after completion of your first eligible rental (for a period of 365 days after your last completed eligible rental).

Frequent Renter URL: Fastbreak

Financial Information

The Avis Budget group trades on the NYSE under the symbol CAR.

View the full CAR chart at Wikinvest

Budget Rent a Car News


Zawya (registration)

Budget Rent a Car boosts presence at UAE airports
Zawya (registration)
Budget Rent a Car said it has boosted its presence at UAE airports by opening a new outlet at the Ras Al Khaimah International Airport. With this addition, Budget will have presence at four international airports in UAE — Dubai, Abu Dhabi, Sharjah and ...


WILBERT LEE TAYLOR v. BUDGET RENT A CAR, INC. ET AL
Maryland Daily Record (subscription)
Workers' compensation -- Burdens of production and persuasion -- Causation Wilbert L. Taylor, appellant and cross-appellee, appeals from a jury verdict in the Circuit Court for Baltimore City, affirming a decision of the Workers' Compensation ...


Avis Budget Group Becomes Exclusive Car Rental Partner for JetBlue
Nasdaq
PARSIPPANY, N.J., Jan. 12, 2016 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR) today announced that it is now the exclusive car rental partner of JetBlue (NASDAQ:JBLU) and JetBlue's TrueBlue loyalty rewards program. The partnership ...
Avis Budget Group Inc. (NYSE:CAR) Given Average Recommendation of "Hold" by BrokeragesEMQ

all 7 news articles »

Avis Budget Group Inc. (CAR) Stake Cut by DUPONT CAPITAL MANAGEMENT Corp
Financial Market News
Avis Budget Group logo DUPONT CAPITAL MANAGEMENT Corp decreased its position in Avis Budget Group Inc. (NYSE:CAR) by 83.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional ...
Avis Budget Group Incorporated (NASDAQ:CAR) Sellers Covered 1.79% of Their Shortsfdanewsalert.com
Analysts Set Avis Budget Group Inc. (NYSE:CAR) Price Target at $53.40Intercooler Financial

all 4 news articles »

Parking fees at city hotels can stall car-rental plans
Chicago Tribune
You may be used to renting a car during your vacation, but you could save money and parking hassles by skipping the rental. Depending on your destination, and how much you'd be driving, it may make more sense to use an alternative form of transportation.


kmmsam

How To Create A Budget That Works
kmmsam
List your mortgage or rent, any healthcare or insurance, credit cards, utilities, car payment, student loans, etc. Always, always, always, pay more than the minimum on credit cards even if it's just a couple of dollars more. Pick the one with the ...

and more »

Avis Budget Group Strengthens Relationship With American Airlines
GlobeNewswire (press release)
Under the new multi-year agreement, Avis Car Rental, Budget Car Rental and now Payless Car Rental have been named the preferred car rental partners of American's AAdvantage program. This preferred status improves the reward-earning benefits for ...
Recent Broker Updates On Avis Budget Group, Inc. (NASDAQ:CAR)Risers & Fallers
Deltec Asset Management LLC Sells 31735 Shares of Avis Budget Group Inc. (CAR)Financial Market News
Trending Stock Analyst Review: Avis Budget Group, Inc. (CAR)CWRU Observer

all 18 news articles »

11 tips for getting a great vacation in 2016
Chicago Tribune
Once you've figured out which trips fit both your schedule and your budget, you're ready for the next step. 3.) Get ready to pounce: The last-minute deals of years past are largely gone, swept away by companies that ... Talk to a human being: If you're ...


Lariat Saddleback College

Minimum wage is up
Lariat Saddleback College
So learning how to budget on such a small amount can make living difficult. Most rent prices for ... “I try to save a decent amount of money, but I really only pay my car payment, it's nice not having to worry about rent, but I still spend it on going ...


Avis, Budget Reach Deal In Travel Rewards Class Action
Law360 (subscription)
Law360, New York (January 22, 2016, 7:28 PM ET) -- Avis and Budget have struck a settlement potentially worth more than $13.7 million, not including legal fees, in class action litigation in New Jersey in which consumers have accused the rental car ...

References

1. Milestone Events, The history of Budget Rent a Car, Inc.: Budget Rent a Car. Retrieved May 2, 2011.
2. 2010 Annual Report: Avis Budget Group. Retrieved May 3, 2011.
3. Our Factsheet: Budget Rent a Car. Retrieved May 3, 2011.
3. Company Information: Avis Budget Group. Retrieved May 3, 2011.