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., Aug. 03, 2021 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today announced second quarter 2021 financial results.

Avis Budget Group Reports Record Net Income and Adjusted EBITDA

Shares of Avis Budget Group Inc. surged Monday, after Deutsche Bank analyst Chris Woronka boosted his earning estimate and stock price target a day before the rental car company reveals second-quarter results, saying a "big beat" is likely.

The Ratings Game: Avis Budget stock surges ahead of earnings after analyst says ‘big beat' likely

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The vehicle rental industry is ever changing, post-pandemic, with travel and ownership costs fueling growth. However, Avis Budget holds a tough balance sheet and faces tough competitive pressures, putting a lid on the potential return on investment at current levels.

Avis Budget Group: Good Growth, Bad Business, Okay Investment

Avis Budget Group's stock, a global car rental provider, has declined around 23% over the last twenty-one trading days (one month) and currently stands at $72. It should be noted that the broader S&P500 returned a 3% growth during the same period.

What's Next For Avis Budget Stock After A 23% Drop In A Month?

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Conference Call to Discuss Results Scheduled for August 4th, 2021

Avis Budget Group to Announce Second Quarter 2021 Results on August 3rd

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Avis Budget Group Inc. board of directors has approved a $325 million increase to the car-rental company's share buyback authorization, the company said in a filing Friday. With that, Avis has about $391 million of available repurchase authorization.

Avis Budget board OKs share buyback increase

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

Why Is Avis Budget (CAR) Up 7.4% Since Last Earnings Report?

Avis Budget (CAR) first-quarter 2021 revenues decline year over year.

Avis Budget (CAR) Reports Loss in Q1, Stock Declines 5.8%

Avis budget group, a car rental industry company, saw its stock rise by 257% since the end of 2018 compared to the S&P500 which has increased by 69% in the same period.

Time To Sell Avis Budget Group Stock?

Avis Budget Group, Inc. (CAR) CEO Joe Ferraro on Q1 2021 Results - Earnings Call Transcript

Avis Budget (CAR) delivered earnings and revenue surprises of 80.67% and 10.74%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Avis Budget Group (CAR) Reports Q1 Loss, Tops Revenue Estimates

U.S. rental car company Avis Budget Group Inc on Monday posted a bigger first-quarter loss, as fewer people traveled during the COVID-19 pandemic.

U.S. rental car firm Avis Budget posts bigger loss

Avis Budget Group Inc. late Monday reported another quarterly loss and sales that dropped 22%, but the results were better than expected and the stock fell about 1% in the extended session. Avis said it lost $170 million, or $2.43 a share, in the quarter, compared with a loss of $158 million, or $2.16 a share, in the year-ago quarter.

Avis' quarterly loss deepens, sales drop 22% in Q1

PARSIPPANY, N.J., May 03, 2021 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today announced first quarter 2021 financial results.

Avis Budget Group Capitalizes on Continued Economic Recovery

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

Should You Buy Avis Budget Group (CAR) Ahead of Earnings?

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BOSTON, April 21, 2021 /PRNewswire/ -- Today, Zipcar, the world's leading car-sharing network, is building on its partnership with the City of Philadelphia and the Philadelphia Parking Authority with the addition of nearly 50 Zipcar vehicles to convenient, designated on-street parking spots across the city. Since 2007, Zipcar has been providing members in Philadelphia with access to a vehicle without the cost or hassles of car ownership.

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Conference Call to Discuss Results Scheduled for May 4th, 2021 Conference Call to Discuss Results Scheduled for May 4th, 2021

News for Avis Budget Group Stock (CAR)