Izzy Martins to be appointed EVP & CFO and Brian Choi to be appointed EVP & Chief Transformation Officer Jagdeep Pahwa to become Chairman and Bernardo Hees to continue as Board Member PARSIPPANY, N.J., November 1, 2023 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today announced significant changes within its leadership team, reinforcing […]
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 […]
PARSIPPANY, N.J., July 31, 2023 – Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for second quarter 2023 today. We ended the quarter with revenues of $3.1 billion, driven by strong demand and seasonal revenue per day increase. Net income was $436 million and our Adjusted EBITDA1 was $737 million. Utilization was up 50 […]
PARSIPPANY, N.J., May 1, 2023 – Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for first quarter 2023 today. We ended the quarter with revenues 5% above the first quarter 2022, at $2.6 billion, driven by strong demand and revenue per day in-line with prior year. Net income was $312 million and our Adjusted […]
PARSIPPANY, N.J., February 13, 2023 – Avis Budget Group, Inc. (NASDAQ: CAR) today announced financial results for fourth quarter and full year ended December 31, 2022. We ended 2022 with fourth quarter revenues 8% above prior year and 28% above fourth quarter 2019, at $2.8 billion. Our revenues were driven by increased revenue per day […]
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 […]
PARSIPPANY, N.J., October 31, 2022 – Avis Budget Group, Inc. (NASDAQ: CAR) today announced financial results for third quarter 2022. We ended the quarter with revenues 18% above third quarter 2021, at $3.5 billion, a new quarterly revenue record, surpassing our second quarter 2022 record, driven by continued strong demand and increased revenue per day. […]
PARSIPPANY, N.J., August 1, 2022 – Avis Budget Group, Inc. (NASDAQ: CAR) today announced financial results for second quarter 2022. We ended the quarter with revenues 37% above second quarter 2021, at $3.2 billion, making it our best quarter revenue in Company history. Our revenues were driven by continued strong demand and increased revenue per […]
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 […]
PARSIPPANY, N.J., February 14, 2022 – Avis Budget Group, Inc. (NASDAQ: CAR) today announced financial results for fourth quarter and full year ended December 31, 2021. We ended 2021 with fourth quarter revenues 90% above prior year and 19% above fourth quarter of 2019, at $2.6 billion. Our revenues were driven by increased revenue per […]