Rent-A-Center, Inc.

Rent-A-Center, Inc.

Rent-A-Center, Inc.

Overview
Date Founded

2002

Headquarters

5501 Headquarters Drive, Plano, TX, 75024, USA

Type of Company

Public

Employees (Worldwide)

14K

Industries

Consumer Services
Consumer Finance
Appliances & Electronics
Retail: Other
Other Business & Consulting Services

Company Description

Rent-A-Center, Inc. engages in the provision of furniture, electronics, appliances, computers, and smartphones through flexible rental purchase agreements that allow the customer to obtain ownership of the merchandise at the conclusion of an agreed upon rental period. It operates through the following segments: Core U.S., Acceptance Now, Mexico, and Franchising. The Core U.S. segment consists of company-owned rent-to-own stores in the United States, Canada and Puerto Rico. The Acceptance Now segment offers an on-site rent-to-own option at a third-party retailer's location. The Mexico segment consists of its company-owned rent-to-own stores in Mexico. The Franchising segment use Rent-A-Center's, ColorTyme's, and RimTyme's trade names, service marks, trademarks and logos, and operate under distinctive operating procedures and standards. The company was founded by Mark E. Speese on September 16, 1986 and is headquartered in Plano, TX.

Contact Data
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Executives & Employees

Director & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Vice President & Interim General Counsel

Chief Marketing Officer & Executive Vice President

Senior Vice President & Chief Information Officer

Senior Vice President & Assistant General Counsel

Vice President-Assistant General Counsel, Risk Management & Safety & Diversity & Inclusion

General Director of RAC Mexico

Executive Vice President-Franchising

Senior Vice President-Operational Services

Board of Directors

Founding Member at Brown Equity Partners LLC

Former Chief Investment Officer & Assistant Treasurer at Xerox Corporation

Director & Chief Executive Officer at Rent-A-Center, Inc.

Member, Director-Research at Engaged Capital LLC

Former Executive Vice President, Chief Executive Officer of Payment Solutions & Chief Commercial Officer at Synchrony Financial

Former Chief Executive Officer at Renovate America, Inc.

Paths to Rent-A-Center, Inc.
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Rent-A-Center, Inc.
Owners & Shareholders
Details Hidden

Engaged Capital primarily employs a long, 'constructive activist' strategy to identify attractive investment opportunities over the full cycle of market and economic conditions. The firm primarily seeks investments that can be made at discounts to their estimates of intrinsic value as determined by fundamental analysis and where there are identifiable catalysts for recognition of that value within a defined investment timeframe. In conjunction with the long-focused part of their activist strategy, Engaged Capital often hedges their concentrated long investments. This is typically accomplished through the short sale of a basket of equities that is comprised of companies that the firm believes are under-performing, over-valued companies with similar risks to the long position. Investments span a broad spectrum of industries and geographies, generally focusing on companies with small- to mid-market capitalizations. Investments are generally made in public equities in which Engaged Capital either works with management to effect change or, where management is unwilling to do so, they pursue a shareholder activist strategy.Engaged Capital is an activist firm and is included in the SharkWatch50 as one the 50 most prominent activist investors.

Details Hidden

HRCM primarily uses fundamental methods of security analysis. The firm uses include direct interviews with management, inspections of corporate activities, research materials prepared by others, corporate rating services, annual reports, prospectuses, filings with the SEC, company press releases, financial newspapers and magazines as well as proprietary financial models as their main sources of information. They believe that the smaller-cap market is relatively inefficient. The investment strategies used to implement any investment advice given to clients include long-term purchases and short-term purchases. HRCM's research process begins by screening a universe of stocks with future expected earnings growth and a market cap consistent with the range of market caps of each strategy's respective benchmarks. To uncover companies with dominant competitive positions, positive business and market trends, and solid management teams that are committed to enhancing shareholder value, they make an additional research to the most promising purchase candidates.

Details Hidden

Cloverdale Capital Management LLC is a private company headquartered in Dallas, TX, with a presence in the Cayman Islands. The firm provides investment advice. It was founded in 2014 by Christopher Jonathan Gattman, he has been the CEO since the inception date.

Recent Transactions
Details Hidden

Rent-A-Center, Inc. purchases CC Financial Corp.

Details Hidden

goeasy Ltd. purchases Rent A Center, Inc. /14 Canadian Stores from Rent-A-Center, Inc.

Details Hidden

Rent-A-Center, Inc. purchases The Rental Store, Inc.

Transaction Advisors
Auditor

Advised onRent-A-Center, Inc. issued Common Stock

Investment Advisor

Advised onRent-A-Center, Inc. purchases Rent-Way, Inc.

Underwriter

Advised onRent-A-Center, Inc. issued Common Stock

Legal Advisor

Advised onRent-A-Center, Inc. purchases Rent-Way, Inc.

Legal Advisor

Advised onRent-A-Center, Inc. purchases Rent-Way, Inc.

Associate

Advised onRent-A-Center, Inc. purchases Rent-Way, Inc.

Advisors & Consultants
Legal Advisor

Director at Miller Canfield PLC

Legal Advisor

Partner at Simpson Thacher & Bartlett LLP

Key Stats and Financials As of 2018
Market Capitalization
$1.41B
Total Enterprise Value
$1.27B
Earnings Per Share
$0.16
Revenue
$2.66B
EBITDAMargin
6.93%
EBITDA
$184M
Total Debt
$540M
Total Equity
$287M
Net Profit
$8.49M
Three Year Compounded Annual Growth Rate Of Revenue
-6.73%
Five Year Compounded Annual Growth Rate Of Revenue
-3.04%
Enterprise Value Sales
0.48x
Enterprise Value EBITDAOperating
6.87x
TEVNet Income
149.28x
Debt TEV
0.43x
Non-Profit Donations & Grants
Political Donations
$1,000
2014
$1,000
2014
$1,000
2013
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Awards & Honors
Rank #675
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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