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.

Earnings data Q1 2021

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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.

LONDON, Sept.  26, 2019  (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) has announced its Avis Car Rental and Budget Car Rental Licensees of the Year for the International Region, which includes, Europe, the Middle East, Africa, Asia and Asia-Pacific. This year’s recipients of the annual awards are Avis Turkey and Budget Romania. Each honoree accepted the accolade at a celebratory event held in Lisbon, Portugal.

Avis Budget Group Names Avis Car Rental  And Budget Car Rental Licensees of The Year

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Customers can earn free rental day rewards after renting with Avis twice Customers can earn free rental day rewards after renting with Avis twice

Avis Launches Annual “Free Days” Promotion, Rewards Drivers for Loyalty

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The state of car ownership: generations across America believe sharing a vehicle provides greater value than owning one, according to new Zipcar survey

LONDON, Sept.  09, 2019  (GLOBE NEWSWIRE) -- Avis Budget Group, the leading global provider of mobility solutions, has recently appointed Keith Rankin as President of the International region, which includes Europe, the Middle East, Africa (EMEA), Asia, Australia and New Zealand.

Avis Budget Group Appoints Keith Rankin as President of International Region

Avis Budget (CAR) reported earnings 30 days ago. What's next for the stock?

Why Is Avis Budget (CAR) Down 28% Since Last Earnings Report?

BRACKNELL, United Kingdom, Sept.  02, 2019  (GLOBE NEWSWIRE) -- As part of its mission to reinvent rental,  Avis Budget Group, Inc  . (NASDAQ: CAR) today announces an agreement with Ford Commercial Solutions to connect approximately 14,000 Ford Motor Company vehicles in Avis Budget Group’s European fleet.

Avis Budget Group and Ford Team Up to Connect Cars, Reinventing the Rental Experience in Europe

Avis Budget (CAR) second-quarter 2019 revenues benefit from increase in rental days, U.S. rental car pricing and ancillary revenues.

Avis Budget (CAR) Q2 Earnings & Revenues Surpass Estimates

Avis Budget Group's (CAR) CEO Larry De Shon on Q2 2019 Results - Earnings Call Transcript

The car rental company beat estimates on gains in rentals for leisure use, but the stock opened below its 50-day simple moving average.

Avis Budget Reported Between Key Moving Averages

Avis Budget (CAR) delivered earnings and revenue surprises of 8.22% and 0.22%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Avis Budget Group (CAR) Q2 Earnings and Revenues Top Estimates

Avis Budget Group (CAR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Avis Budget Group (CAR)

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Wall Street analysts expect first back-to-back drop in earnings since 2016. For Q2, total earnings are expected to fall 3.4% from the same period last year following a 0.2% earnings decline in Q1.

Wall Street Braces for Q2 Earnings: Top 5 Winners

Shares of the car-rental company rose on improving fundamentals and a favorable market environment.

Why Avis Budget Group Stock Jumped 56% in the First Half of the Year

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Avis Budget Group Inc. (NASDAQ: CAR) shares are up 58.3% year to date, but five unusually large options trades in the past two days suggests at least one trader may believe Avis isn’t quite out of gas just yet.

Avis Has Large Option Traders' Attention Following Strong Travel Data

Bull Of The Day: Avis Budget Group (CAR)

Let's see if Avis Budget (CAR) stock is a good choice for value-oriented investors right now from multiple angles.

Is Avis Budget Group (CAR) a Good Value Investor Stock?

Avis Budget (CAR) saw a big move last session, as its shares jumped nearly 7% on the day, amid huge volumes.

Avis Budget (CAR) Catches Eye: Stock Jumps 6.5%

Avis Budget (CAR) continues to enhance its technology to improve offerings.

Avis Car Rental Adds Split Payment Feature to Mobile App

Avis Budget Group Inc.  said Tuesday that Larry De Shon, the rental car company's chief executive, will step down when a successor is named.

Avis Budget CEO to step down

Avis Budget (CAR) first-quarter 2019 revenues hurt by lower revenues per day and currency exchange movement.

Avis Budget (CAR) Q1 Earnings Top Estimates, Revenues Miss

Avis Budget Group, Inc. (CAR) CEO Larry De Shon on Q1 2019 Results - Earnings Call Transcript

News for Avis Budget Group Stock (CAR)