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 Second Quarter Results

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 basis points compared […]

Avis Budget Group Reports First Quarter Results

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 EBITDA1 was $535 million. […]

Avis Budget Group Reports Full Year Record Revenues, Net Income and Adjusted EBITDA

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 and strong demand […]

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

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 launched a significant number of EV charging stations at the George Bush International Airport (IAH) in Houston, Texas. The stations will power Avis and […]

Avis Budget Group Reports Record Third Quarter Results

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. Net income was […]

Avis Budget Group Reports Record Second Quarter Results

PARSIPPANY, N.J., Aug. 01, 2022 (GLOBE NEWSWIRE) — 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 […]

Avis Budget Group To Announce Second Quarter 2022 Results on August 1st

Conference Call to Discuss Results Scheduled for August 2nd, 2022 PARSIPPANY, N.J., July 07, 2022 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its second quarter 2022 results after the market close on Monday, August 1st, 2022, and to host a conference call for institutional investors to discuss these […]

Avis Budget Group Reports Record First Quarter Results

PARSIPPANY, N.J., May 02, 2022 (GLOBE NEWSWIRE) — 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. […]

Avis Budget Group to Announce First Quarter 2022 Results on May 2nd

Conference Call to Discuss Results Scheduled for May 3rd, 2022 PARSIPPANY, N.J., April 08, 2022 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its first quarter 2022 results after the market close on Monday, May 2nd, 2022, and to host a conference call for institutional investors to discuss these […]