PARSIPPANY, N.J., Feb. 28, 2014 (GLOBE NEWSWIRE) — Avis Budget Group, Inc.(Nasdaq:CAR) announced today that it will operate the Budget Car Rental brand in Portugal directly, effective immediately. Prior to this announcement, Avis Budget Group’s corporate-operated locations in Portugal had been limited to the Avis Car Rental brand, while the Budget brand had been operated […]
PARSIPPANY, N.J., Feb. 27, 2014 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (Nasdaq:CAR) announced today that it has agreed to acquire its existing Budget Car & Truck Rental licensee in Edmonton, Alberta, Canada, comprising 26 rental locations in seven cities in total. This investment of approximately $30 million, plus the cost of acquired fleet, will enable […]
For the quarter, revenue increased 9% to $1.8 billion. Adjusted EBITDA increased 46% to $114 million, excluding certain items. Diluted earnings per share were $0.15, excluding certain items, on a GAAP net loss of $28 million. Full-year diluted earnings per share were $2.20, excluding certain items, on GAAP net income of $16 million. Free Cash […]
PARSIPPANY, N.J., Feb. 12, 2014 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (Nasdaq:CAR) announced today that it plans to report its fourth quarter and full-year 2013 results after the market close on Wednesday, February 19, 2014, and to host a conference call to discuss such results on Thursday, February 20, 2014 at 8:30 a.m. Eastern […]
PARSIPPANY, N.J., Feb. 10, 2014 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (Nasdaq:CAR) today introduced Avis Direct, a used car sales program exclusively for licensed automobile dealers. With a dedicated website for dealers, this initiative offers dealers a wide selection of late-model, off-rental vehicles for purchase from Avis, Budget, Payless and Zipcar — with no […]
PARSIPPANY, N.J. and PONTE VEDRA BEACH, Fla., Feb. 7, 2014 (GLOBE NEWSWIRE) — PGA TOUR and Avis Car Rental announced today that Zach Johnson has been voted the January PGA TOUR Player of the Month presented by Avis. As the official rental car company of the PGA TOUR and in its third year as sponsor […]
PARSIPPANY, N.J., Feb. 6, 2014 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (Nasdaq:CAR) today announced that it has signed a new partnership agreement with Silver Airways, a U.S.-owned and operated airline with nearly 200 daily scheduled flights. Under the exclusive agreement, Avis Car Rental and Budget Car Rental will be designated as Silver Airways’ preferred […]