Avis Budget Group to Announce Fourth Quarter 2023 Results on February 12
Conference Call to Discuss Results Scheduled for February 13, 2024 PARSIPPANY, N.J., Jan. 12, 2024 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its fourth quarter 2023 results after the market close on Monday, February 12, 2024, and to host a conference call for institutional investors to discuss these […]
Avis Budget Group Announces Special Cash Dividend
PARSIPPANY, N.J., Dec. 05, 2023 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) today announced the declaration by its Board of Directors of a special cash dividend of $10.00 per share of common stock. The special cash dividend is payable on December 21, 2023 to stockholders of record as of the close […]
Avis Budget Group Announces Intention to Offer $500 Million of Senior Notes
PARSIPPANY, N.J., Nov. 15, 2023 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (together, the “Issuers”), intend, subject to market and other customary conditions, to offer $500 million aggregate principal amount of senior notes due 2031 (the […]
Avis Budget Group Announces Pricing of $500 Million of Senior Notes
PARSIPPANY, N.J., Nov. 15, 2023 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (together, the “Issuers”) priced a private offering of $500 million aggregate principal amount of 8.00% senior notes due 2031 (the “Notes”). The Notes will […]
Avis Budget Group Reports Third Quarter Results
PARSIPPANY, N.J., November 1, 2023 – Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for third quarter 2023 today. We ended the quarter with revenues of $3.6 billion, driven by peak demand and seasonal revenue per day increases. Net income was $627 million and our Adjusted EBITDA(1) was $907 million. Our liquidity position at the […]
Avis Budget Group Announces Management Realignment
PARSIPPANY, N.J., November 1, 2023 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today announced significant changes within its leadership team, reinforcing the company’s commitment to its strategic vision and long-term success. Effective January 1, 2024, Izzy Martins, currently serving as EVP Americas, will assume the role of EVP & Chief Financial Officer, succeeding Brian Choi, […]
Avis Named Best Car Rental Company in Europe and Worldwide
Avis was named Best Car Rental Company in the European and Worldwide categories at the 2023 Business Traveller Awards. The two awards mark the seventh win in a row for the company in both categories.
Avis Budget Group Reports Second Quarter Results
PARSIPPANY, N.J., July 31, 2023 – Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for second quarter 2023 today. We ended the quarter with revenues of $3.1 billion, driven by strong demand and seasonal revenue per day increase. Net income was $436 million and our Adjusted EBITDA1 was $737 million. Utilization was up 50 basis points compared […]
Avis Budget Group Reports First Quarter Results
PARSIPPANY, N.J., May 1, 2023 – Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for first quarter 2023 today. We ended the quarter with revenues 5% above the first quarter 2022, at $2.6 billion, driven by strong demand and revenue per day in-line with prior year. Net income was $312 million and our Adjusted EBITDA1 was $535 million. […]
Avis Budget Group Reports Full Year Record Revenues, Net Income and Adjusted EBITDA
PARSIPPANY, N.J., February 13, 2023 – Avis Budget Group, Inc. (NASDAQ: CAR) today announced financial results for fourth quarter and full year ended December 31, 2022. We ended 2022 with fourth quarter revenues 8% above prior year and 28% above fourth quarter 2019, at $2.8 billion. Our revenues were driven by increased revenue per day and strong demand […]