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.

Although the revenue and EPS for Avis Budget (CAR) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Avis Budget (CAR) Reports Q3 Earnings: What Key Metrics Have to Say

Izzy Martins to be appointed EVP & CFO and Brian Choi to be appointed EVP & Chief Transformation Officer Jagdeep Pahwa to become Chairman and Bernardo Hees to continue as Board Member PARSIPPANY, N.J., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today announced significant changes within its leadership team, reinforcing the company's commitment to its strategic vision and long-term success.

Avis Budget Group Announces Management Realignment

Avis Budget (CAR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Avis Budget Group (CAR) Expected to Beat Earnings Estimates: Should You Buy?

The latest trading day saw Avis Budget Group (CAR) settling at $172.81, representing a -0.65% change from its previous close.

Here's Why Avis Budget Group (CAR) Fell More Than Broader Market

Avis Budget (CAR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Avis Budget (CAR) Beat Estimates Again in Its Next Earnings Report?

Zipcar let customers rent Ford Transit vans that were being recalled, the NHTSA said. The vans were being recalled over a safety issue that could make them lose power on the road. Zipcar has been fined $300,000 over the violation, the NHTSA said.

Zipcar was fined $300,000 for renting out recalled vans that could lose power on the road or move while in park: NHTSA

NEW YORK — Zipcar has been slapped with a $300,000 fine after U.S. regulators found that the car-sharing company allowed customers to rent vehicles that had open recalls, violating federal motor safety law.

Zipcar fined after allowing customers to rent vehicles that had open recalls

PARSIPPANY, N.J., Oct. 09, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its third quarter 2023 results after the market close on Wednesday, November 1st, 2023, and to host a conference call for institutional investors to discuss these results on Thursday, November 2nd, 2023 at 8:30 a.m.

Avis Budget Group to Announce Third Quarter 2023 Results on November 1st

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Car-sharing Bostonians save $8,000 annually on transportation and free city space equivalent of 25 hometown ballparks BOSTON , Sept. 19, 2023 /PRNewswire/ -- September 22 nd marks the worldwide initiative "Car-Free Day," which encourages motorists to take a break from driving and explore environmentally-friendly options like mass transit, biking, scooters and walking.

In Honor of Globally Recognized "Car-Free Day," Zipcar Releases New Data about the Impact of Car Sharing on Traffic and Parking Competition in Boston

Car-sharing Washingtonians spend half as much on transportation than car-owning counterparts and free city spatial equivalent of 70 Lincoln Memorials WASHINGTON , Sept. 19, 2023 /PRNewswire/ -- September 22 marks the worldwide initiative "Car-Free Day," which encourages motorists to take a break from driving and explore environmentally-friendly options like mass transit, biking, scooters and walking.

In Honor of Globally Recognized "Car-Free Day," Zipcar Releases New Data about the Impact of Car Sharing on Traffic and Parking Competition in Washington, D.C.

Car-sharing New Yorkers spend half as much on transportation than car-owning counterparts and free city spatial equivalent of seven hometown baseball stadiums NEW YORK , Sept. 19, 2023 /PRNewswire/ -- September 22 nd marks the worldwide initiative "Car-Free Day," which encourages motorists to take a break from driving and explore environmentally-friendly options like mass transit, biking, scooters and walking.

In Honor of Globally Recognized "Car-Free Day," Zipcar Releases New Data about The Impact of Car Sharing on Traffic and Parking Competition in New York City

Acquisitions and global brands help Avis Budget (CAR) prosper amid currency risks.

Avis Budget (CAR) Gains From Its Ability to Serve the Market

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

Why Is Avis Budget (CAR) Down 3.3% Since Last Earnings Report?

New York state on Tuesday fined Avis Budget Group $275,000 for refusing to rent vehicles to customers who did not have credit cards.

New York fines Avis Budget for denying car rentals to people who lack credit cards

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Avis Budget Group (CAR) Stock Undervalued Right Now?

Avis Budget's (CAR) revenues and earnings down year over year in the second quarter of 2023.

Avis Budget (CAR) Q2 Earnings Beat Estimates but Revenues Missed

Avis Budget Group Inc. (NASDAQ:CAR ) Q2 2023 Earnings Call Transcript August 1, 2023 8:30 AM ET Company Participants David Calabria - Treasurer and Senior VP of Corporate Finance Joe Ferraro - Chief Executive Officer Brian Choi - Chief Financial Officer Brian Choi - Executive VP and CFO Conference Call Participants John Healy - North Coast Research Stephanie Moore - Jefferies Chris Woronka - Deutsche Bank Chris Stathoulopoulos - SIG Ryan Brinkman - JP Morgan Operator Good morning, ladies and gentlemen. And welcome to the Avis Budget Group Second Quarter 2023 Conference Call.

Avis Budget Group Inc. (CAR) Q2 2023 Earnings Call Transcript

Avis Budget Group NASDAQ: CAR stock has been trading within a relatively tight channel for the past year; this can be taken as a sign of indecision from markets facing a directionless market. Despite these initial trends, the underlying transportation industry and its derivatives have shown promising growth in the past few months, aiding the results posted in Avis Budget's second quarter 2023 earnings results.

Is Avis Budget Group A Value Play? Earnings Have This To Say

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The small-cap Russell 2000 led the way again today, +0.82%, followed by +0.32% from the Nasdaq, +0.16% on the Dow and +0.06% for the S&P.

Markets Up, Yum China Beats, Avis Mixed

Avis Budget Group (CAR) came out with quarterly earnings of $11.01 per share, beating the Zacks Consensus Estimate of $9.79 per share. This compares to earnings of $15.94 per share a year ago.

Avis Budget Group (CAR) Q2 Earnings Top Estimates

Shares of Avis Budget Group Inc. CAR, -0.97% rose more than 3% in the after-hours session Monday after the car-rental company's quarterly profit topped Wall Street expectations on strong demand for rentals amid “robust” summer travel. Avis earned $436 million, or $11.01 a share, in the second quarter, down from $774 million, or $15.71 a share, in the year-ago quarter.

Avis stock up 3% after rental-car company sees ‘robust' summer demand

Here is how Avis Budget Group (CAR) and SPX Technologies (SPXC) have performed compared to their sector so far this year.

Are Business Services Stocks Lagging Avis Budget Group (CAR) This Year?

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Wall Street Analysts See Avis Budget (CAR) as a Buy: Should You Invest?

Shares of Avis Budget Group Inc. dropped Thursday, after Deutsche Bank's Chris Wronka downgraded the car-rental company, saying the stock nearly accomplished in just two months what he thought would take a year.

News for Avis Budget Group Stock (CAR)