Avis Budget Group Management

Management criteria checks 3/4

Avis Budget Group's CEO is Joe Ferraro, appointed in Jan 2020, has a tenure of 4.58 years. total yearly compensation is $10.27M, comprised of 12.1% salary and 87.9% bonuses, including company stock and options. directly owns 0.74% of the company’s shares, worth MX$427.15M. The average tenure of the management team and the board of directors is 5.1 years and 5.4 years respectively.

Key information

Joe Ferraro

Chief executive officer

US$10.3m

Total compensation

CEO salary percentage	12.1%
CEO tenure	4.6yrs
CEO ownership	0.7%
Management average tenure	5.1yrs
Board average tenure	5.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Joe Ferraro's remuneration changed compared to Avis Budget Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$1b
Dec 31 2023	US$10m	US$1m	US$2b
Sep 30 2023	n/a	n/a	US$2b
Jun 30 2023	n/a	n/a	US$2b
Mar 31 2023	n/a	n/a	US$3b
Dec 31 2022	US$13m	US$1m	US$3b
Sep 30 2022	n/a	n/a	US$3b
Jun 30 2022	n/a	n/a	US$2b
Mar 31 2022	n/a	n/a	US$2b
Dec 31 2021	US$9m	US$1m	US$1b
Sep 30 2021	n/a	n/a	US$813m
Jun 30 2021	n/a	n/a	US$183m
Mar 31 2021	n/a	n/a	-US$696m
Dec 31 2020	US$5m	US$843k	-US$684m
Sep 30 2020	n/a	n/a	-US$452m
Jun 30 2020	n/a	n/a	-US$308m
Mar 31 2020	n/a	n/a	US$235m
Dec 31 2019	US$5m	US$725k	US$302m
Sep 30 2019	n/a	n/a	US$173m
Jun 30 2019	n/a	n/a	US$197m
Mar 31 2019	n/a	n/a	US$161m
Dec 31 2018	US$3m	US$650k	US$165m
Sep 30 2018	n/a	n/a	US$372m
Jun 30 2018	n/a	n/a	US$404m
Mar 31 2018	n/a	n/a	US$381m
Dec 31 2017	US$4m	US$649k	US$361m

Compensation vs Market: Joe's total compensation ($USD10.27M) is above average for companies of similar size in the MX market ($USD1.70M).

Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.

CEO

Joe Ferraro (67 yo)

4.6yrs

Tenure

US$10,274,921

Compensation

Mr. Joseph A. Ferraro, also known as Joe, serves as President at Avis Budget Group, Inc. since June 12, 2020. He has been President & Chief Executive Officer at Budget Rent A Car System, Inc. since June 20...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Joseph Ferraro	CEO & President	4.6yrs	US$10.27m	0.74% $ 427.2m
Izilda Martins	Executive VP & CFO	less than a year	US$2.53m	0.081% $ 47.0m
Brian Choi	Executive VP & Chief Transformation Officer	less than a year	US$3.60m	0.28% $ 160.4m
Ravindra Simhambhatla	Executive VP and Chief Digital & Innovation Officer	2.1yrs	US$2.47m	0.032% $ 18.3m
Cathleen DeGenova	VP & Chief Accounting Officer	5yrs	no data	0.018% $ 10.5m
David Calabria	Treasurer & Senior VP of Corporate Finance	5.6yrs	no data	no data
Jean Sera	Senior VP	18yrs	no data	0.089% $ 51.4m
Vanessa Wolczak	Head of Marketing	6yrs	no data	no data
Edward Linnen	Chief Human Resource Officer & Executive VP	11.5yrs	US$1.51m	0.14% $ 83.6m
Stephen Wright	Senior Vice President of Global Travel	no data	no data	no data
Patrick Rankin	President of International	5.2yrs	US$2.46m	0.19% $ 111.3m

5.1yrs

Average Tenure

54yo

Average Age

Experienced Management: CAR *'s management team is seasoned and experienced (5.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Lynn Krominga	Lead Independent Director	17.8yrs	US$589.07k	0% $ 0
Bernardo Hees	Director	4.5yrs	US$5.54m	1.43% $ 825.6m
Glenn Lurie	Independent Director	6.3yrs	US$428.36k	0% $ 0
Karthik Sarma	Independent Director	4.3yrs	no data	no data
Anu Hariharan	Independent Director	2.6yrs	US$282.85k	0% $ 0
Jagdeep Pahwa	Chairman	6.3yrs	no data	no data

5.4yrs

Average Tenure

52yo

Average Age

Experienced Board: CAR *'s board of directors are considered experienced (5.4 years average tenure).

Avis Budget Group Management

Management criteria checks 3/4

Key information

Recent management updates

Avis Budget Group, Inc., Annual General Meeting, May 22, 2024

CEO & President recently sold Mex$62m worth of stock

Avis Budget Group, Inc. Announces Appointment of Izzy Martins as Chief Financial Officer, Effective January 1, 2024

Avis Budget Group, Inc. Announces Management Changes

Insider recently sold Mex$52m worth of stock

Insider recently sold Mex$33m worth of stock

Recent updates

Avis Budget Group, Inc. to Report Q2, 2024 Results on Aug 05, 2024

New major risk - Earnings quality

First quarter 2024 earnings released: US$3.20 loss per share (vs US$7.88 profit in 1Q 2023)

Avis Budget Group, Inc. to Report Q1, 2024 Results on May 01, 2024

Avis Budget Group, Inc., Annual General Meeting, May 22, 2024

New major risk - Earnings quality

Full year 2023 earnings released: EPS: US$42.61 (vs US$58.44 in FY 2022)

Avis Budget Group, Inc. to Report Q4, 2023 Results on Feb 12, 2024

CEO & President recently sold Mex$62m worth of stock

Avis Budget Group, Inc. Announces Special Cash Dividend, Payable on December 21, 2023

Third quarter 2023 earnings released: EPS: US$16.97 (vs US$22.09 in 3Q 2022)

Avis Budget Group, Inc. Announces Appointment of Izzy Martins as Chief Financial Officer, Effective January 1, 2024

Avis Budget Group, Inc. Announces Management Changes

Avis Budget Group, Inc. to Report Q3, 2023 Results on Nov 01, 2023

Second quarter 2023 earnings released: EPS: US$11.13 (vs US$16.04 in 2Q 2022)

Avis Budget Group, Inc. to Report Q2, 2023 Results on Jul 31, 2023

Investor sentiment improves as stock rises 19%

Insider recently sold Mex$52m worth of stock

Investor sentiment deteriorates as stock falls 26%

Insider recently sold Mex$33m worth of stock

Full year 2022 earnings released: EPS: US$58.44 (vs US$19.80 in FY 2021)

Avis Budget Group, Inc. to Report Q4, 2022 Results on Feb 13, 2023

Insider recently sold Mex$39m worth of stock

Third quarter 2022 earnings released: EPS: US$22.09 (vs US$10.60 in 3Q 2021)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Avis Budget Group, Inc. to Report Q3, 2022 Results on Oct 31, 2022

Now 25% undervalued

Independent Director recently sold Mex$5.4m worth of stock

Now 20% undervalued after recent price drop

Second quarter 2022 earnings released: EPS: US$16.04 (vs US$5.69 in 2Q 2021)

Avis Budget Group, Inc. to Report Q2, 2022 Results on Aug 01, 2022

Investor sentiment deteriorated over the past week

Avis Budget Group, Inc.(NasdaqGS:CAR) dropped from Russell 2000 Dynamic Index

Non-Independent Executive Chairman recently bought Mex$99m worth of stock

Non-Independent Executive Chairman recently bought Mex$97m worth of stock

First quarter 2022 earnings released: EPS: US$9.96 (vs US$2.43 loss in 1Q 2021)

Avis Budget Group, Inc. Announces Resignation Veresh Sita as Executive Vice President and Chief Digital and Innovation Officer, Effective May 13, 2022

Investor sentiment improved over the past week

Avis Budget Group, Inc. to Report Q1, 2022 Results on May 02, 2022

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

CEO & President recently sold Mex$102m worth of stock

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS US$10.60 (vs US$0.65 in 3Q 2020)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Avis Budget Group, Inc.(NasdaqGS:CAR) dropped from Russell 3000 Growth Index

Insider recently bought Mex$3.0m worth of stock

Non-Independent Executive Chairman recently bought Mex$101m worth of stock

First quarter 2021 earnings released: US$2.43 loss per share (vs US$2.17 loss in 1Q 2020)

Chief Financial Officer recently bought Mex$12m worth of stock

Chief Financial Officer recently bought Mex$22m worth of stock

Avis Budget Group, Inc. to Report Q4, 2020 Results on Feb 16, 2021

Third-quarter earnings released: Revenue beats expectations

Third quarter earnings released

Avis Budget Group, Inc. to Report Q3, 2020 Results on Oct 29, 2020

Cendant Corp. completed the acquisition of NRT Inc. from Apollo Advisors, L.P., Irving Place Capital and others for $530 million.

New 90-day high - Mex$726

Avis Budget Group, Inc. to Report Q2, 2020 Results on Jul 28, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team