PARSIPPANY, N.J., Aug. 28, 2013 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (Nasdaq:CAR) today announced that its Ultimate Test Drive car sales program is now available in Georgia and Illinois. In collaboration with AutoNation, Inc., America’s largest automotive retailer, Ultimate Test Drive offers consumers a no-haggle, no-hassle process and features a wide selection of late-model […]
PARSIPPANY, N.J., Aug. 26, 2013 (GLOBE NEWSWIRE) — Avis Car Rental is celebrating more than 300,000 vehicle exchange/upgrade transactions for Avis Preferred® Select & Go, the Company’s vehicle selection service. Launched in June 2012 and now available at top airport locations in North America, Avis Preferred Select & Go empowers frequent renters to select the vehicle that […]
PARSIPPANY, N.J., Aug. 15, 2013 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (Nasdaq:CAR) today announced that it has been selected as the exclusive car rental provider for AARP members. The new multi-year agreement gives Avis Budget Group the opportunity to promote its Avis Car Rental, Budget Car Rental and Budget Truck Rental brands, products, services […]
PARSIPPANY, N.J. and PONTE VEDRA BEACH, Fla., Aug. 13, 2013 (GLOBE NEWSWIRE) — PGA TOUR and Avis Car Rental announced today that Open Championship winner Phil Mickelson has been voted the July PGA TOUR Player of the Month presented by Avis. As the official rental car company of the PGA TOUR, Avis will make a […]
PARSIPPANY, N.J., Aug. 12, 2013 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (Nasdaq:CAR) announced today that is has agreed to acquire a 50% ownership stake in its existing Brazilian licensee. This investment of approximately $50 million will enable the Company to significantly increase the presence of its Avis and Budget brands in the fast-growing Brazilian […]
PARSIPPANY, N.J., Aug. 8, 2013 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (Nasdaq:CAR) has been honored by USAA, a leading financial services provider for military members and their families, for its support of the military community. Part of USAA’s Supplier Recognition Program, the “Military Community Supporter Award” is presented to the supplier who has programs, […]
Revenue increased 7% to $2.0 billion. Pricing in North America increased 1% year-over-year. Adjusted EBITDA was $179 million, excluding certain items. Diluted earnings per share were $0.50, excluding certain items, on a GAAP net loss of $28 million. Company updates its full-year earnings outlook. Company authorizes $200 million share repurchase program. PARSIPPANY, N.J., Aug. 6, […]
PARSIPPANY, N.J., Aug. 5, 2013 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (Nasdaq:CAR) announced today that its wholly-owned subsidiary, Avis Budget Car Rental, LLC, has amended its corporate revolving credit facility, extending the maturity date to 2018, expanding borrowing capacity to $1.65 billion, and reducing its borrowing spread under the facility by 75 basis points. […]