Avis Budget Group

Avis Budget Group, Inc. engages in the provision of vehicle sharing and rental services. It operates through the Americas and International segments. The Americas segment licenses the company’s brands to third parties for vehicle rentals and ancillary products and services in North America, South America, Central America, and the Caribbean. The International segment leases out vehicles in Europe, the Middle East, Africa, Asia, and Australasia. The company was founded by Warren E. Avis in 1946 and is headquartered in Parsippany, NJ.

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Avis Budget Group achieves record earnings, eyes M&A for growth

Avis Budget Group delivered exceptional financial performance, marked by record EBITDA, strong revenue generation, and effective cost control. While facing challenges such as seasonal RPD declines and automaker production impacts, the company remains agile and focused on customer experience, fleet optimization, and strategic growth initiatives.

Avis Budget Group achieves record Q1 revenue and EBITDA

Avis Budget Group's Q1 performance showcased robust revenue and earnings growth, driven by strong demand in commercial and international travel segments. The company's cautious approach to electric vehicles and strategic fleet actions underscore its commitment to sustainable growth and capital efficiency. With a focus on diverse market expansion and revenue optimization, Avis Budget Group is poised for continued success in the evolving travel landscape.

Avis Budget Group reports solid Q2 earnings amidst travel recovery

Avis Budget Group's Q2 2023 performance showed revenue growth and strong adjusted EBITDA. The company focused on fleet optimization and profitability, with a renewed marketing push for the Avis brand. Challenges include high depreciation and increased vehicle interest costs. Opportunities lie in strong cross-border and domestic travel demand.

Avis Budget Group posts record Q3 revenue, eyes EV opportunities

Avis Budget Group delivered strong financial performance in Q3 2023, driven by robust revenue and adjusted EBITDA figures.
While facing challenges in the International segment and pricing pressures, the company maintains a focus on cost discipline and margin preservation.
Opportunities lie in segment-specific pricing strategies, EV initiatives, and technology utilization for enhanced efficiencies.

Avis Budget Group posts robust earnings, eyes sustained growth in 2024

Avis Budget Group delivered strong financial performance in Q4 2023 and full-year 2023, managing inflationary pressures and achieving robust pricing strategies.
The company's focus on operational efficiency, data utilization, and fleet management contributed to market share gains and sustained demand strength.
While challenges like managing fleet depreciation and operational costs exist, opportunities in capital allocation, EV fleet expansion, and tax optimization are on the horizon.
Overall, Avis Budget Group anticipates continued strong demand, elevated prices, and efficiency improvements in 2024, positioning the company for growth and resilience.

Avis Budget Group reports Q1 revenue over $2.5B, faces fleet challenges

Avis Budget Group's Q1 performance reflects challenges from fleet right-sizing and interest rate impacts but also strengths in strong demand, liquidity position, and technology initiatives. The company is poised for success with opportunities in improved margins, new digital platforms, and international business enhancements.

Avis Budget Group excels in Q3 earnings, eyes growth opportunities

Avis Budget Group's Q3 performance showcases strong revenue and EBITDA figures, with a focus on fleet discipline and high-margin business. While facing pricing challenges, the company is optimistic about future growth opportunities through operational efficiencies and enhanced customer experience.

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Avis Budget Group, Inc. engages in the provision of vehicle sharing and rental services. It operates through the following segments: Americas, International, and Corporate and Other. The Americas segment includes the vehicle rental and car sharing operations in North America, South America, Central America, and the Caribbean. The International segment is involved in the vehicle rental and car sharing operations in Europe, the Middle East, Africa, Asia, and Australasia. The company was founded in 1946 and is headquartered in Parsippany, NJ.

Avis Budget Group (CAR) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $2.60 per share. This compares to earnings of $11.01 per share a year ago.

Avis Budget Group (CAR) Misses Q2 Earnings and Revenue Estimates

PARSIPPANY, N.J., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for second quarter 2024 today.

Avis Budget Group Reports Second Quarter Results

Avis Budget Group, Inc. CAR is set to release earnings results for its second quarter, after the closing bell on Aug. 5, 2024.

Avis Budget Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Avis Budget (CAR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Avis Budget Group (CAR) to Report a Decline in Earnings: What to Look Out for

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PARSIPPANY, N.J., July 11, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its second quarter 2024 results after the market close on Monday, August 5th, 2024, and to host a conference call for institutional investors to discuss these results on Tuesday, August 6th, 2024 at 8:30 a.m.

Avis Budget Group to Announce Second Quarter 2024 Results on August 5th

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Crown88, Asia's Premier Gaming Provider Collaborates with Taiwanese Influencer Avis in Expansion Endeavors

Dublin, June 17, 2024 (GLOBE NEWSWIRE) -- The "Avis Budget Group (Avis) - Digital Transformation Strategies" company profile has been added to ResearchAndMarkets.com's offering. The report provides comprehensive information and insights into Avis' tech activities, including its digital transformation strategies and innovation programs.

Avis Budget Group Digital Transformation Strategy Analysis Report 2024: Accelerators, Incubators, Technology Centers and Other Innovation Programs

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PARSIPPANY, N.J., May 14, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the “Issuer”), priced a private offering of €200 million aggregate principal amount of additional 7.25% Senior Notes due 2030 (the “Notes”). The Notes will be issued as additional notes under the Indenture, dated as of July 13, 2023, pursuant to which the Issuer previously issued €400 million aggregate principal amount of 7.25% Senior Notes due 2030. The Notes will have a maturity date of July 31, 2030. The closing of the offering of the Notes is expected to occur on May 21, 2024, subject to customary closing conditions. The Notes were priced at 100.25% of their face value and will be guaranteed on a senior unsecured basis by the Company and certain of its U.S. subsidiaries.

Avis Budget Group Announces Pricing of €200 Million of Senior Notes

PARSIPPANY, N.J., May 13, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the “Issuer”), intends, subject to market and other customary conditions, to offer €200 million aggregate principal amount of additional 7.25% Senior Notes due 2030 (the “Notes”) in a private offering. The Notes will be issued as additional notes under the Indenture, dated as of July 13, 2023, pursuant to which the Issuer previously issued €400 million aggregate principal amount of 7.25% Senior Notes due 2030. The Notes will be guaranteed on a senior unsecured basis by Avis Budget Group, Inc. and certain of its U.S. subsidiaries.

Avis Budget Group Announces Intention to Offer €200 Million of Senior Notes

Canadian Apartment Properties Real Estate Investment Trust (OTC:CDPYF) Q1 2024 Earnings Conference Call May 9, 2024 9:00 AM ET Company Participants Nicole Dolan - Investor Relations Mark Kenney - President & Chief Executive Officer Julian Schonfeldt - Chief Investment Officer Stephen Co - Chief Financial Officer Conference Call Participants Jonathan Kelcher - TD Cowen Kyle Stanley - Desjardins Capital Markets Mike Markidis - BMO Capital Markets Jimmy Shan - RBC Capital Markets Sairam Srinivas - Cormark Securities Matt Kornack - National Bank of Canada Financial Markets Operator Good morning. Thank you for attending today's Canadian Apartment Properties REIT First Quarter 2024 Results conference call.

Canadian Apartment Properties Real Estate Investment Trust (CDPYF) Q1 2024 Earnings Call Transcript

Avis Budget (CAR) witnesses a y/y decline in revenues from the Americas, while international revenues increase.

Avis Budget (CAR) Gains 28% Despite Earnings Miss in Q1

Avis Budget topped revenue estimates in the first quarter. The company saw strong demand heading into the peak summer season.

Why Avis Budget Stock Surged Thursday

Shares of Avis Budget Group Inc. rocketed Thursday, bouncing from a three-year low, after the car-rental company reported first-quarter revenue that beat expectations for the first time in a year as what it called continued robust travel demand led to record rental volume.

Avis's stock soars as robust demand and improved pricing fuel revenue beat

Avis Budget Group, Inc. (NASDAQ:CAR ) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants David Calabria - Senior Vice President, Corporate Finance and Treasurer Joe Ferraro - President and Chief Executive Officer Izzy Martins - Executive Vice President and Chief Financial Officer Conference Call Participants Ryan Brinkman - J.P. Morgan John Babcock - Bank of America Chris Stathoulopoulos - Susquehanna Chris Woronka - Deutsche Bank Harold Antor - Jefferies John Healy - Northcoast Research Lizzie Dove - Goldman Sachs Operator Greetings.

Avis Budget Group, Inc. (CAR) Q1 2024 Earnings Call Transcript

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While the top- and bottom-line numbers for Avis Budget (CAR) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Avis Budget (CAR) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

PARSIPPANY, N.J., May 01, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for first quarter 2024 today.

Avis Budget Group Reports First Quarter Results

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Avis Budget Group (NASDAQ: CAR) and Hertz (NYSE: HTZ) stock prices tumbled on Thursday as investors focused on the latter's financial results. Hertz crashed by over 17%, bringing the year-to-date losses to over 54%.

Here's why the Hertz and Avis Budget stocks are tumbling

PARSIPPANY, N.J., April 19, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its first quarter 2024 results after the market close on Wednesday, May 1st, 2024, and to host a conference call for institutional investors to discuss these results on Thursday, May 2nd, 2024 at 8:30 a.m.

Avis Budget Group to Announce First Quarter 2024 Results on May 1st

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Avis Budget Stock Swiftly Quadrupled Bears' Money

Recently, Zacks.com users have been paying close attention to Avis Budget (CAR). This makes it worthwhile to examine what the stock has in store.

Avis Budget Group, Inc. (CAR) is Attracting Investor Attention: Here is What You Should Know

In the latest trading session, Avis Budget Group (CAR) closed at $121.11, marking a -0.93% move from the previous day.

News for Avis Budget Group Stock (CAR)