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.

Shares of Avis Budget Group Inc. took a dive Tuesday, after the car rental company reported upbeat fourth-quarter earnings, but investors focused instead on disappointing revenue per day and rental fleet metrics.

Earnings Results: Avis stock sinks as bears focus on revenue per day disappointment over earnings beat

The shares of Avis Budget Group Inc (NASDAQ:CAR) are experiencing a sharp pullback this morning, down 14% to trade at $167.55 at last glance, despite fourth-quarter top- and bottom-line beats.

Avis Budget Group Stock Plummets Despite Strong Results

Avis Budget Group Inc. reported higher sales in the fourth quarter as revenue per day and rental days continued to increase from the third quarter.

Dow Jones Newswires: Avis Budget earnings and sales continued to benefit from higher car-rental prices in holiday quarter

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PARSIPPANY, N.J., Feb. 14, 2022 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today announced financial results for fourth quarter and full year ended December 31, 2021.

Avis Budget Group Reports Record Revenues, Net Income and Adjusted EBITDA

The Dow Jones Transportation Average DJT, +1.04% charged up 157 points, or 1.1%, in afternoon trading, but with just 9 of its 20 components gaining ground, to as the rally in Avis Budget Group Inc.'s CAR, +10.18% stock provided the boost the index needed to buck the selloff in the broader stock market. The car rental company's stock shot up 10.6% in afternoon trading, and the $19.18 price gain added roughly 117 points to the Dow transports' price.

Dow transports surge on back of Avis Budget's stock strength, to buck the broader-market selloff

Avis Budget's (CAR) fourth-quarter 2021 earnings and revenues are likely to have increased year over year.

What's in the Cards for Avis Budget (CAR) in Q4 Earnings?

Avis Budget Group (CAR) closed at $187.33 in the latest trading session, marking a +0.21% move from the prior day.

Avis Budget Group (CAR) Gains But Lags Market: What You Should Know

JPMorgan sees value in Avis' cheap stock.

Why Avis Budget Stock Zoomed 6.5% Today

Shares of Avis Budget Group Inc. CAR, +7.98% charged up 6.7% in afternoon trading Wednesday, enough to pace the Dow Jones Transportation Average's DJT, +1.18% gainers, after J.P. Morgan analyst Ryan Brinkman backed away from bearish call after the selloff to a three-month low.

Avis Budget stock bounces, as erasing all of the November 'short squeeze' surge triggers upgrade at JPMorgan

A J.P. Morgan analyst upgraded Avis Budget stock to Neutral from Underweight. The stock has significantly come down since early November.

Avis Stock Jumps After Upgrade From J.P. Morgan

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Barclays analyst Brian Johnson lowered Hertz Global Holdings Inc (NASDAQ:HTZ) price target to $26 from $28 and maintained an Overweight rating on the shares. The analyst also lowered Avis Budget Group Inc (NASDAQ:CAR) price target to $168 from $217 and maintained an Underweight rating on the shares.

Barclays Cuts Price Targets On These Two Car Rental Companies

Avis's efforts to expand its rental fleet enables the company to continue growing its top line.

Avis Lands After A 215% Spike

Avis Budget Group (CAR) closed at $195.31 in the latest trading session, marking a +1.77% move from the prior day.

Avis Budget Group (CAR) Outpaces Stock Market Gains: What You Should Know

Conference Call to Discuss Results Scheduled for February 15th, 2022 Conference Call to Discuss Results Scheduled for February 15th, 2022

Avis Budget Group to Announce Fourth Quarter 2021 Results on February 14th

In the latest trading session, Avis Budget Group (CAR) closed at $199.60, marking a +1.29% move from the previous day.

Avis Budget Group (CAR) Gains As Market Dips: What You Should Know

Deutsche Bank analyst Chris Woronka upgraded Avis Budget Group Inc. (NASDAQ:CAR) to Hold from Sell, and the price target remained unchanged at $210 (an upside of 3.7%). Woronka mentions that, since a downgrade of the shares post-market on November 2, the stock's estimated 2023 enterprise value to EBITDA multiple has contracted by nearly seven turns, to 9.4 times.

Deutsche Bank Upgrades This Mobility Solutions Provider

Two Wall Street bankers just buddied up to boost Avis stock.

Why Avis Budget Stock Stomped on the Gas Today

Shares of Avis Budget Group Inc. rallied Thursday, after Deutsche Bank analyst Chris Woronka said the stock has fallen enough in the past two months that he no longer recommends investors sell.

The Ratings Game: Avis Budget stock bounces after analyst says investors can stop selling after recent price drop

Avis Budget (CAR) remains focused on structurally improving its business amid the pandemic through cost discipline and operational efficiencies.

5 Reasons to Add Avis Budget Group (CAR) Stock in Your Portfolio

In the latest trading session, Avis Budget Group (CAR) closed at $206.56, marking a -1.78% move from the previous day.

Avis Budget Group (CAR) Stock Sinks As Market Gains: What You Should Know

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The shares of Avis Budget Group Inc. (NASDAQ:CAR) are slipping today, last seen down 2.8% to trade at $217.56.

News for Avis Budget Group Stock (CAR)