Business News

Avis Budget Group Reports Second Quarter 2019 Results

Posted on

Avis Budget Group, Inc. (NASDAQ: CAR) today reported results for its second quarter ended June 30, 2019. Second Quarter Highlights: Record second quarter revenues of $2.3 billion, including the negative impact of $46 million, or 2%, from currency exchange rate movements Net income increased to $62 million, a $36 million increase from prior year, for diluted […]

Business News

Avis Budget Group Announces CEO Succession

Posted on

PARSIPPANY, N.J., May 28, 2019 — Avis Budget Group, Inc. (NASDAQ: CAR) today announced the planned departure of President and Chief Executive Officer Larry De Shon after a 13-year career with the Company.  Mr. De Shon will remain in his current positions until his successor has been named and will continue to be employed by […]

Business News

Avis Budget Group Reports First Quarter 2019 Results

Posted on

PARSIPPANY, N.J., May 1, 2019 – Avis Budget Group, Inc. (NASDAQ: CAR) today reported results for its first quarter ended March 31, 2019. First Quarter Highlights: Revenues were $1.9 billion, down 2% due to the impact of currency exchange rate movements Net loss was $91 million or a diluted loss of $1.20 per share Adjusted EBITDA […]

Business News

Avis Dominates Its Category For Customer Loyalty For 20th Consecutive Year

Posted on

The 2019 Brand Keys Customer Loyalty Engagement Index Awards Avis Car Rental As Best In Category For Customer Relationships PARSIPPANY, N.J., March 21, 2019 (GLOBE NEWSWIRE) — Avis has once again achieved top car rental company status in the Brand Keys Customer Loyalty Engagement Index.®  The 2019 study examined brands in 90 categories to identify the drivers that […]

Business News

Avis Budget Group Announces Appointment of Chief Financial Officer

Posted on

Download PDF PARSIPPANY, N.J., Feb. 19, 2019 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today announced that, effective March 18, 2019, John F. North III will join the Company as Chief Financial Officer. Mr. North will oversee all financial aspects of the Company, including financial planning and analysis, accounting and financial reporting, tax, internal audit, investor […]