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.

PARSIPPANY, N.J., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today announced financial results for the fourth quarter and full year ended December 31, 2023.

Avis Budget Group Reports Fourth Quarter and Full Year Results

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Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Avis Budget (CAR), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.

Wall Street's Insights Into Key Metrics Ahead of Avis Budget (CAR) Q4 Earnings

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.

Earnings Preview: Avis Budget Group (CAR) Q4 Earnings Expected to Decline

Avis Budget (CAR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Is Trending Stock Avis Budget Group, Inc. (CAR) a Buy Now?

In the latest trading session, Avis Budget Group (CAR) closed at $166.90, marking a -0.63% move from the previous day.

Avis Budget Group (CAR) Stock Falls Amid Market Uptick: What Investors Need to Know

MONTRÉAL, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Terranueva Corporation (CSE: TEQ) (« Terranueva » ou la « Société ») est heureuse d'annoncer que l'assemblée des créanciers tenue aujourd'hui a accepté à 86% la proposition de règlement (le « Règlement ») qui leur a été soumise. De plus, les principaux créanciers de la Société ont réitéré leur appui à cette occasion et maintiennent leur confiance envers le conseil d'administration et la direction. Le Règlement demeure sujet à l'homologation par le tribunal.

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Avis Budget Group (CAR) reachead $159.44 at the closing of the latest trading day, reflecting a +0.07% change compared to its last close.

Avis Budget Group (CAR) Rises As Market Takes a Dip: Key Facts

PARSIPPANY, N.J., Jan. 12, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its fourth quarter 2023 results after the market close on Monday, February 12th, 2024, and to host a conference call for institutional investors to discuss these results on Tuesday, February 13th, 2024 at 8:30 a.m.

Avis Budget Group to Announce Fourth Quarter 2023 Results on February 12th

In the closing of the recent trading day, Avis Budget Group (CAR) stood at $166.47, denoting a -1.46% change from the preceding trading day.

Avis Budget Group (CAR) Falls More Steeply Than Broader Market: What Investors Need to Know

Avis Budget Group (CAR) closed at $166.04 in the latest trading session, marking a +0.04% move from the prior day.

Avis Budget Group (CAR) Increases Yet Falls Behind Market: What Investors Need to Know

Avis Budget (CAR) operates in a diversified market and its shareholder-friendly attitude bodes well for the company.

Reasons Why You Should Hold on to Avis Budget (CAR) For Now

In the most recent trading session, Avis Budget Group (CAR) closed at $179.51, indicating a -0.74% shift from the previous trading day.

Avis Budget Group (CAR) Stock Dips While Market Gains: Key Facts

Nearly 25 Years of Expertise in Fleet Management, Subscription Model Membership and Partnerships Propels Zipcar to Launch EVs in Cities, Universities and Businesses Across the U.S. BOSTON , Dec. 14, 2023 /PRNewswire/ -- As cities, manufacturers and consumers prepare for the future of electric vehicles, the world's leading car-sharing company, has launched an electric vehicle (EV) initiative in Boston, Chicago, New York City, San Francisco, Los Angeles, Portland, Seattle, Baltimore, Denver, and Philadelphia. Zipcar is partnering with cities, university campuses, and commercial and residential businesses nationwide to bring electric vehicles to drivers who need easy, affordable access to a vehicle and, unlike other services, managed professionally by an industry leader with nearly 25 years of operations and member experience.

World's Leading Car-Sharing Network, Zipcar, Unveils Electric Vehicle Initiative in Select Cities Nationwide

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The car rental company says the dividend is payable on Dec. 21 to stockholders of record as of Dec. 15.

Avis Stock Pops on Special Cash Dividend

The special dividend is payable on Dec. 21 to shareholders of record as of the close of business on Dec. 15, the company said Tuesday.

Avis Budget Group announces special dividend of $10 per share

PARSIPPANY, N.J., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) today announced the declaration by its Board of Directors of a special cash dividend of $10.00 per share of common stock.

Avis Budget Group Announces Special Cash Dividend

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

Why Is Avis Budget (CAR) Down 2.2% Since Last Earnings Report?

PARSIPPANY, N.J., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (together, the “Issuers”) priced a private offering of $500 million aggregate principal amount of 8.00% senior notes due 2031 (the “Notes”). The Notes will have a maturity date of February 15, 2031. The closing of the offering of the Notes is expected to occur on November 22, 2023, subject to customary closing conditions. The Notes will be issued at an issue price of 99.341% and guaranteed on a senior unsecured basis by the Company and certain of its U.S. subsidiaries.

Avis Budget Group Announces Pricing of $500 Million of Senior Notes

Avis Budget Group has underperformed the S&P 500 since going public in 1997 but has outperformed over the past 10 years. CAR is a cheap stock as investors are skeptical regarding the company's future prospects. CAR has delivered strong results over the past few years and has repurchased nearly 50% of its outstanding shares over the past 3 years.

Avis Budget Group: Value Play Or Value Trap?

Canadian Apartment Properties Real Estate Investment Trust (OTC:CDPYF) Q3 2023 Earnings Conference Call November 9, 2023 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 Frederic Blondeau - Laurentian Bank Jonathan Kelcher - TD Cowen Kyle Stanley - Desjardins Mike Markidis - BMO Jimmy Shan - RBC Capital Markets Matt Kornack - National Bank Financial Mario Saric - Scotia Bank Operator Good morning, everyone, and thank you for standing by. Welcome to the Canadian Apartment Properties Third Quarter 2023 Results Conference Call.

Canadian Apartment Properties Real Estate Investment Trust (CDPYF) Q3 2023 Earnings Call Transcript

Avis Budget's (CAR) earnings decline year over year in the third quarter of 2023.

Avis Budget (CAR) Q3 Earnings Beat Estimates, Revenues Miss

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Avis Budget Group Inc. (NASDAQ:CAR ) Q3 2023 Earnings Conference Call November 2, 2023 8:30 AM ET Company Participants David Calabria - SVP of Corporate Finance & Treasurer Joe Ferraro - CEO Brian Choi - CFO Conference Call Participants Hans Hoffman - Jefferies Chris Woronka - Deutsche Bank Ryan Brinkman - JP Morgan Operator Good day, everyone and welcome to the Avis Budget Group's Third Quarter 2023 Conference Call. [Operator Instructions] It is now my pleasure to turn today's call over to David Calabria, Treasurer and Senior Vice President of Corporate Finance.

News for Avis Budget Group Stock (CAR)