Steven Knight, Author at Avis Budget Group

Avis Budget Group Reports First Quarter Results

PARSIPPANY, N.J., May 1, 2024 – Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for first quarter 2024 today. We ended the quarter with revenues of $2.6 billion, driven by strong travel demand. Net loss was $113 million and our Adjusted EBITDA1 was $12 million. Our liquidity position at the end of the quarter was approximately […]

Avis Budget Group to Announce First Quarter 2024 Results on May 1st

Conference Call to Discuss Results Scheduled for May 2nd, 2024 PARSIPPANY, N.J., April 19, 2024 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its first quarter 2024 results after the market close on Wednesday, May 1st, 2024, and to host a conference call for institutional investors to discuss these […]

Avis Budget Group Announces Pricing of €600 Million of Senior Notes

PARSIPPANY, N.J., Feb. 21, 2024 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the “Issuer”), priced a private offering of €600 million aggregate principal amount of 7.00% senior notes due 2029 (the “Notes”), which represents a €200 million increase from the previously announced […]

Avis Budget Group Announces Intention to Offer €400 Million of Senior Notes

PARSIPPANY, N.J., Feb. 20, 2024 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the “Issuer”), intends, subject to market and other customary conditions, to offer €400 million aggregate principal amount of senior notes due 2029 (the “Notes”) in a private offering. The Notes […]

Avis Budget Group Reports Fourth Quarter and Full Year Results

PARSIPPANY, N.J., February 12, 2024 – Avis Budget Group, Inc. (NASDAQ: CAR) today announced financial results for the fourth quarter and full year ended December 31, 2023. We ended 2023 with fourth quarter revenues of $2.8 billion, driven by strong demand. Net income was $260 million and Adjusted EBITDA(1) was $311 million. Full year revenues of $12.0 […]