Business News

Avis Budget Group Announces CEO Succession

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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

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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 […]