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Avis Budget Group and SK Group’s EverCharge Launch Large-Scale Electric Vehicle Charging Solution at Houston Airport

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The partnership supports Avis Budget Group’s strategy of establishing the infrastructure needed to meet growing rental demand for EVs Palo Alto, Calif. and Parsippany, N.J. (January 26, 2023) – Avis Budget Group (Nasdaq: CAR) and EverCharge, an SK Group company and a leading provider of large-scale electric vehicle (EV) charging devices and management systems, has […]

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Avis Budget Group Reports Record First Quarter Results

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PARSIPPANY, N.J., May 2, 2022 – Avis Budget Group, Inc. (NASDAQ: CAR) today announced  financial results for first quarter 2022.   We ended the quarter with revenues 77% above the first quarter 2021, at $2.4 billion. Our  revenues were driven by rental days as demand improved throughout the quarter and  increased revenue per day.   Net income was […]

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Avis Budget Group Removes More than $2.5 billion of Costs Setting the Stage for Future Recovery

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PARSIPPANY, N.J., February 16, 2021 – 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 through disciplined cost  […]