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)

14.5K

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. 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 sells rental merchandise to its franchisees. 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

Executive Vice President, General Counsel & Corporate Secretary

Executive Vice President-Chief Marketing Officer

Chief Development Officer & Executive Vice President

Chief Information Officer & Senior Vice President

Chief Human Resources Officer & Senior Vice President

Senior Vice President & Assistant General Counsel

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

Senior Director Information Management

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.

Principal Lecturer, Department of Marketing & Logistics at University of North Texas - G. Brint Ryan College of Business

Member, Director-Research at Engaged Capital LLC

Independent Director at Rent-A-Center, Inc.

Former Chief Executive Officer at Renovate America, Inc.

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

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

Engaged Capital employs s a long “constructive activist” strategy to identify attractive investment opportunities over the full cycle of market and economic conditions. They seek investments that can be made at discounts to our estimates of intrinsic value as determined by fundamental analysis and where there are one or more identifiable catalysts for recognition of that value within a defined investment timeframe. The firm utilizes multiple sources of information in analyzing investments, including financial newspapers and magazines, inspections of corporate activities, research material prepared by others, corporate rating services, annual reports, prospectuses, filings with the SEC, and company press releases. They also use industry magazines, third party consultants, regulatory filings filed with US regulators, contacts at major companies and corporate executives, commercial and investment banks, financial intermediaries, other investment and advisory institutions, other direct and indirect contacts, and corporate performance measurement and valuation screening software.

Details Hidden

FTAM uses both fundamental and quantitative research as methods of analysis for their investment strategies; however, their investment approach does not fall into either the traditional fundamental or quantitative categories. The firm’s strategies primarily invest in US listed companies and are a long only in stocks that they believe, based on its analysis, are undervalued. FTAM’s investment strategies include small-cap growth, small-cap value, small-cap core, behavioral small-cap equity, behavioral mid-cap value, micro-cap, behavioral unconstrained equity, behavioral small-mid core equity, and behavioral all-cap equity.

Details Hidden

HRCM manages Small-Cap Growth and Small/Mid-Cap Growth equity portfolios. The firm primarily uses fundamental methods of security analysis. The investment strategies used to implement any investment advice given to clients include long-term purchases and short-term purchases. Their portfolio is constructed on an organic, bottom-up basis driven by the firm’s original research.

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.

Insider Transactions
Details Hidden
Details Hidden
Transaction Advisors
Auditor

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

Investment Advisor

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

Underwriter

Advised onRent-A-Center, Inc. issued USD 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

Clients

Acer, Inc. engages in the research and development of user interface, industrial design, information and communication technologies related software and hardware, and electronic sports related applications. Its products include computers, laptops, smartphones, smart cameras, virtual reality, web servers, and browsing tools. It also offers software and repair services. The company was founded by Chen Jung Shih on August 1, 1976 and is headquartered in Taipei, Taiwan.

Key Stats and Financials As of 2019
Market Capitalization
$2.81B
Total Enterprise Value
$2.06B
Earnings Per Share
$3.1
Revenue
$2.67B
Net Profit
$174M
Total Debt
$516M
Total Equity
$459M
TEVNet Income
11.87x
Debt TEV
0.25x
Enterprise Value / Sales
0.77x
EBITDA
$254M
EBITDAMargin
9.52%
Enterprise Value EBITDAOperating
6.98x
Three Year Compounded Annual Growth Rate Of Revenue
-3.42%
Non-Profit Donations & Grants
Political Donations
$1,000
2014
$1,000
2014
$1,000
2013
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Whirlpool Corp. Appliances & Electronics | Benton Harbor, MI

Whirlpool Corp. is engaged in manufacturing and marketing home appliances. The company's products include home laundry appliances, home refrigerators and freezers, home cooking appliances, home dishwashers, and room air-conditioning equipment, mixers, and portable household appliances. Its brands include Whirlpool, KitchenAid, Maytag, Consul, Brastemp,Amana, Bauknecht, JennAir, and Indesit. The company operates through the following segments: North America; Europe, Middle East & Africa; Latin America; and Asia. Whirlpool was founded by Emory Upton, Fred Upton, and Louis C. Upton in 1898 and is headquartered in Benton Harbor, MI.

LG Electronics, Inc. Appliances & Electronics | Seoul, South Korea

LG Electronics, Inc. engages in the manufacturing of display devices, home appliances, multimedia goods, electronic parts and develops software. It operates through the following business areas: Home Entertainment, Mobile Communications, Home Appliance, Air-Conditioning, Energy Solution and Independent business area. The Home Entertainment business area provides products such as televisions, monitors, personal computers for IT, Car Infotainment and produces Chemical and Electronic Materials. The Mobile Communications business area offers products such as handsets and tablets. The Home Appliance business area provides products such as refrigerators, washing machines, cooking and cleaning and health care appliances. The Air Conditioning and Energy Solution business area manufactures products such as Light Emitting Diode (LED) lightings, residential and system air conditioners. The Independent business area provides products such as compressors, storage devices, PC, telematics and solar cells. The company was founded by In-Hwoi Koo on Oct 1, 1958 and is headquartered in Seoul, South Korea.

Competitors
Berkshire Hathaway, Inc. Other Insurance Services - Greenwich, Connecticut

Berkshire Hathaway, Inc. provides property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services. It operates through following segments: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing. The GEICO segments involves in underwriting private passenger automobile insurance mainly by direct response methods. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share and facultative reinsurance worldwide. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies for primarily commercial accounts. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and real estate brokerage activities. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment provides fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and various retailing businesses, including automobile dealerships, and trailer and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

Ashley Furniture Industries, Inc. Furniture - Arcadia, Wisconsin

Ashley Furniture Industries, Inc. manufactures furniture. It offers living room furniture such as chairs and ottomans, entertainment centers, occasional tables, recliners, reclining sofas, sectionals, sofas and loveseats. It also offers bedroom, home accents, dining room, and home office furniture, and mattresses. The company was founded by Carlyle Weinberger in 1945 and is headquartered in Arcadia, WI.

Rooms To Go, Inc. Furniture - Seffner, Florida

Rooms To Go, Inc. owns and operates furniture retail stores. Its products include mattresses, sofas, chairs, tables, queen beds, and sectionals. The company was founded by Jeffrey R. Seaman and Morty Seaman in 1991 and is headquartered in Seffner, FL.

Awards & Honors
Rank #675
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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