Avis Budget Group Capitalizes on Continued Economic Recovery
PARSIPPANY, N.J., May 03, 2021 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today announced first quarter 2021 financial results. Despite revenue being down 22% for the first quarter compared to prior year, and net loss of $170 million, we achieved Adjusted EBITDA of $47 million in the first quarter through cost discipline and […]
Avis Budget Group to Announce First Quarter 2021 Results on May 3rd
Conference Call to Discuss Results Scheduled for May 4th, 2021 PARSIPPANY, N.J., April 14, 2021 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its first quarter 2021 results after the market close on Monday, May 3rd, 2021, and to host a conference call for institutional investors to discuss these […]
Avis Budget Group Announces Pricing of $500 Million of Senior Notes
PARSIPPANY, N.J., March 09, 2021 (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 an offering of $500 million aggregate principal amount of 4.75% senior notes due 2028 (the “Notes”) in a private offering, […]
Avis Budget Group Announces Intention to Offer $350 Million of Senior Notes
PARSIPPANY, N.J., March 09, 2021 (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 $350 million aggregate principal amount of senior notes due 2028 (the […]
Avis Budget Group Announces Intention to Offer $600 Million of Senior Notes
PARSIPPANY, N.J., Feb. 17, 2021 (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 $600 million aggregate principal amount of senior notes due 2029 (the […]
Avis Budget Group Announces Pricing of $600 Million of Senior Notes
PARSIPPANY, N.J., Feb. 17, 2021 (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 an offering of $600 million aggregate principal amount of 5.375% senior notes due 2029 (the “Notes”) in a private offering. […]
Avis Budget Group Removes More than $2.5 billion of Costs Setting the Stage for Future Recovery
PARSIPPANY, N.J., Feb. 16, 2021 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today announced financial results for fourth quarter and full year ended December 31, 2020. Despite revenue being down 37% for the fourth quarter compared to prior year, and a net loss of $90 million, we generated positive Adjusted EBITDA of $74 million […]
Avis Budget Group to Announce Fourth Quarter & Full Year 2020 Results on February 16th
Conference Call to Discuss Results Scheduled for February 17th, 2021 PARSIPPANY, N.J., Jan. 14, 2021 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its fourth quarter and full year 2020 results after the market close on Tuesday, February 16th, 2021, and to host a conference call for institutional investors […]
Avis Budget Group Reports Positive Earnings and Removes an Additional $1 Billion of Expenses in Third Quarter
PARSIPPANY, N.J., Oct. 29, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today announced third quarter 2020 financial results, with Net income of $45 million and Adjusted net income of $79 million. Despite revenue being down 44% compared to the same period in the prior year, we achieved positive Adjusted EBITDA of $220 […]
Avis Budget Group to Announce Third Quarter 2020 Results on October 29th
Conference Call to Discuss Results Scheduled for October 30th, 2020 PARSIPPANY, N.J., Oct. 13, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its third quarter 2020 results after the market close on Thursday, October 29th, 2020, and to host a conference call for institutional investors to discuss these […]