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 […]
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 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 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 […]