Patrick Keith Rankin net worth and biography

Patrick Rankin Biography and Net Worth

Insider of Avis Budget Group

Keith Rankin is President of International, at Avis Budget Group. In this role, he is responsible for overall leadership of the company’s international region, which includes Europe, the Middle East, Africa (EMEA), Asia, Australia and New Zealand.

Mr. Rankin joined the Company in June 2019 from Barloworld in South Africa, where he held the position of Chief Executive for the automotive division since March 2015. Barloworld is a distributor of leading global brands, providing integrated rental, fleet management, product support and logistics solutions – and a licensee partner of Avis Budget Group.

Mr. Rankin began his career at Avis in 1998 and was appointed Chief Executive of Avis Car Rental Southern Africa in 2004. In 2007, he was appointed Chief Executive Officer of car rental, part of Barloworld’s automotive division that included southern Africa and Scandinavian car rental operations.

Mr. Rankin holds B.Com and B.Com (Honors) degrees from the University of Stellenbosch, in Stellenbosch, South Africa.

What is Patrick Keith Rankin's net worth?

The estimated net worth of Patrick Keith Rankin is at least $8.12 million as of November 22nd, 2022. Mr. Rankin owns 41,935 shares of Avis Budget Group stock worth more than $8,119,035 as of December 6th. This net worth approximation does not reflect any other investments that Mr. Rankin may own. Additionally, Mr. Rankin receives a salary of $1,460,000.00 as Insider at Avis Budget Group. Learn More about Patrick Keith Rankin's net worth.

How old is Patrick Keith Rankin?

Mr. Rankin is currently 52 years old. There are 4 older executives and no younger executives at Avis Budget Group. The oldest executive at Avis Budget Group is Mr. Joseph A. Ferraro, CEO & Pres, who is 65 years old. Learn More on Patrick Keith Rankin's age.

What is Patrick Keith Rankin's salary?

As the Insider of Avis Budget Group, Inc., Mr. Rankin earned a total compensation package of $2,457,490.00 in 2021. Mr. Rankin earned a salary of $550,250.00, stock awards of $1,000,056.00, non-equity compensation of $800,599.00, and other compensation of $106,585.00.There are 2 executives that earn more than Mr. Rankin. The highest earning executive at Avis Budget Group is Mr. Joseph A. Ferraro, CEO & Pres, who commands a salary of $3,590,000.00 per year. Learn More on Patrick Keith Rankin's salary.

How do I contact Patrick Keith Rankin?

The corporate mailing address for Mr. Rankin and other Avis Budget Group executives is 6 SYLVAN WAY, PARSIPPANY NJ, 07054. Avis Budget Group can also be reached via phone at (973) 496-4700 and via email at [email protected] Learn More on Patrick Keith Rankin's contact information.

Has Patrick Keith Rankin been buying or selling shares of Avis Budget Group?

During the last ninety days, Patrick Keith Rankin has sold $2,300,500.00 of Avis Budget Group stock. Most recently, Patrick K. Rankin sold 10,000 shares of the business's stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $230.05, for a transaction totalling $2,300,500.00. Following the completion of the sale, the insider now directly owns 41,935 shares of the company's stock, valued at $9,647,146.75. Learn More on Patrick Keith Rankin's trading history.

Who are Avis Budget Group's active insiders?

Avis Budget Group's insider roster includes Brian Choi (CFO), Cathleen Degenova (CAO), Bernardo Hees (Chairman), Lynn Krominga (Director), Edward Linnen (EVP), Glenn Lurie (Director), Patrick Rankin (Insider), Jean Sera (SVP), and Veresh Sita (EVP). Learn More on Avis Budget Group's active insiders.

Are insiders buying or selling shares of Avis Budget Group?

During the last year, Avis Budget Group insiders bought shares 3 times. They purchased a total of 83,734 shares worth more than $14,792,434.52. During the last year, insiders at the business services provider sold shares 5 times. They sold a total of 30,469 shares worth more than $6,622,467.06. The most recent insider tranaction occured on November, 22nd when insider Patrick K Rankin sold 10,000 shares worth more than $2,300,500.00. Insiders at Avis Budget Group own 37.3 % of the company. Learn More about insider trades at Avis Budget Group.

Information on this page was last updated on 11/22/2022.

Patrick Keith Rankin Insider Trading History at Avis Budget Group

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
11/22/2022Sell10,000$230.05$2,300,500.0041,935View SEC Filing Icon  
11/5/2021Sell4,275$277.46$1,186,141.50View SEC Filing Icon  
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Patrick Keith Rankin Buying and Selling Activity at Avis Budget Group

This chart shows Patrick K Rankin's buying and selling at Avis Budget Group by year and by quarter.

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Avis Budget Group Company Overview

Avis Budget Group logo
Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 20,000 vehicles, which are rented through a network of approximately 465 dealer-operated and 385 company-operated locations that serve the consumer and light commercial sectors in the continental United States; and the Zipcar brand, a car sharing network. The company also operates various other car rental brands, such as Budget, Payless, Apex, Maggiore, MoriniRent, FranceCars, Amicoblue, Turiscar, and ACL Hire. In addition, it offers optional insurance products and coverages, such as supplemental liability, personal accident, personal effects protection, emergency sickness protection, and automobile towing protection and cargo insurance products; fuel service options, roadside assistance services, electronic toll collection services, curbside delivery, tablet rentals, access to satellite radio, portable navigation units, and child safety seat rentals; automobile towing equipment and other moving accessories, such as hand trucks, furniture pads, and moving supplies; and Business Intelligence solution, an online portal for corporate travel. Avis Budget Group, Inc. operates in approximately 10,400 locations worldwide. The company was formerly known as Cendant Corporation and changed its name to Avis Budget Group, Inc. in September 2006. Avis Budget Group, Inc. was founded in 1946 and is headquartered in Parsippany, New Jersey.
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Today's Range

Now: $193.63
Low: $190.70
High: $199.36

50 Day Range

MA: $206.00
Low: $143.58
High: $243.34

2 Week Range

Now: $193.63
Low: $131.83
High: $327.80

Volume

32,700 shs

Average Volume

579,336 shs

Market Capitalization

$8.03 billion

P/E Ratio

3.60

Dividend Yield

N/A

Beta

2.23