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.

Avis Budget Group Inc. CAR, +0.90% named a new independent chairman of the board, and got a $15 million stock investment to boot.

Avis Budget's new chairman buys $15 million worth of stock

PARSIPPANY, N.J., Feb.  10, 2020  (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) today announced that Bernardo Hees has been appointed to the Company’s Board of Directors (the “Board”) and named Independent Chairman of the Board and Chair of the Board’s Executive Committee, effective immediately. Over the last 15 years, Mr. Hees has served as CEO of The Kraft Heinz Company, Burger King Worldwide Holdings, Inc., and America Latina Logistica. He succeeds Independent Chairman Leonard Coleman, who will continue as a Director. Mr. Coleman has been a long-standing member of the Board and has provided continuity of leadership during a period of significant change in the company.

Avis Budget Group Appoints Bernardo Hees chairman of the Board of Directors

Ranking recognizes employee satisfaction levels and likelihood to recommend their place of work Ranking recognizes employee satisfaction levels and likelihood to recommend their place of work

Avis Budget Group Named One of Canada’s Best Employers

Avis Budget Group Inc. CAR, -4.24% said Tuesday a special committee formed by its board to manage its engagement with shareholder SRS Investment Management has agreed to adopt a one-year shareholder rights plan.

Avis Budget Group adopts one-year shareholder rights plan

SRS Investment Management Refuses to Renew Cooperation Agreement on Acceptable Terms SRS Investment Management Refuses to Renew Cooperation Agreement on Acceptable Terms

Avis Budget Group Adopts Short-Term Shareholder Rights Plan to Protect the Company and its Shareholders

Fiat Chrysler

BRACKNELL, United Kingdom, Jan.  23, 2020  (GLOBE NEWSWIRE) --  Avis Budget Group, Inc  . (NASDAQ: CAR) today announces a new agreement with Fiat Chrysler Automobiles (FCA) Group to connect more than 22,000 Fiat vehicles in Avis Budget Group’s European fleet.

Avis Budget Group and Fiat Chrysler Automobiles Sign New Connected Car Agreement, Giving a More Streamlined, Self-Serve and On-Demand Rental Experience in Europe

Ferraro succeeds Larry De Shon, whose planned departure as announced in May, as the interim CEO of Avis Budget (CAR).

Avis Budget Appoints Joe Ferraro as Interim Chief Executive

Avis Budget Group Inc. CAR, -0.86% said Monday that it has named Joe Ferraro, the car rental company's Americas president, to the interim chief executive post.

Avis Budget Group names Joe Ferraro interim CEO

Joe Ferraro Named Interim Chief Executive Officer Joe Ferraro Named Interim Chief Executive Officer

Avis Budget Group Provides Leadership Update

Hertz

Lyft said on Thursday that it's launching a car rental service within its main app.

Lyft announces car rental service; Hertz and Avis shares plunge

BRACKNELL, United Kingdom, Dec.  10, 2019  (GLOBE NEWSWIRE) -- Leading car rental brand, Avis, has been named the world’s leading car rental company for the second year in a row at the World Travel Awards 2019 Grand Final. The award was announced at an awards ceremony in Muscat, Oman on 28th November 2019.

Avis Named World’s Leading Car Rental Company at World Travel Awards 2019

Avis mobile app ranked highest in customer satisfaction in J.D. Power 2019 U.S. Travel App Satisfaction Study Avis mobile app ranked highest in customer satisfaction in J.D. Power 2019 U.S. Travel App Satisfaction Study

Avis Named #1 Rental Car Travel App by J.D. Power

WINiT names Avis Budget Group’s Senior Vice President of Sales, Beth Kinerk, among Top 40 Women in Travel WINiT names Avis Budget Group’s Senior Vice President of Sales, Beth Kinerk, among Top 40 Women in Travel

UPDATE - Avis Budget Group Recognized for Support of Women in the Workplace at Inaugural WINiT Awards Gala

WINiT names Avis Budget Group’s Vice President of Sales, Beth Kinerk, among Top 40 Women in Travel WINiT names Avis Budget Group’s Vice President of Sales, Beth Kinerk, among Top 40 Women in Travel

Avis Budget Group Recognized for Support of Women in the Workplace at Inaugural WINiT Awards Gala

Led by Los Angeles Mayor Eric Garcetti, Urban Movement Labs is America’s first public-private partnership charged with bringing new mobility solutions to L.A. communities Led by Los Angeles Mayor Eric Garcetti, Urban Movement Labs is America’s first public-private partnership charged with bringing new mobility solutions to L.A. communities

Avis Budget Group Announces Role as Founding Partner of Urban Movement Labs, Driving Transportation Innovation in Los Angeles

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Mayor Eric Garcetti's new approach to jumpstarting transportation innovation in the most traffic-clogged metropolis in the U. S. is a public-private alliance that opens up the city to mobility startups and experimentation.

L.A.’s Quest For Transportation Fixes Pulls Waymo, Lyft And Verizon Into ‘Urban Movement Labs’ Alliance

Bear of the Day: Avis Budget Group (CAR)

Avis Budget (CAR) third-quarter 2019 earnings and revenues decline year over year.

Why Avis Budget (CAR) Stock is Down 4% Since Q3 Earnings

Avis Budget Group, Inc. (CAR) CEO Larry De Shon on Q3 2019 Results - Earnings Call Transcript

Avis Budget (CAR) delivered earnings and revenue surprises of -18.90% and -3.23%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Avis Budget Group (CAR) Q3 Earnings and Revenues Lag Estimates

Avis Budget Group (NASDAQ: CAR) announces its next round of earnings this Thursday.

A Preview Of Avis Budget Group's Earnings

AARP members can save on their next trip with rental car discounts and benefits AARP members can save on their next trip with rental car discounts and benefits

Avis Budget Group Renews Exclusive AARP Relationship

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.

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

CAR operates in a oligopoly-type industry.

Avis Budget Group: Watch The Debt Load Before You Reach For The FCF Yield

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.

News for Avis Budget Group Stock (CAR)