NASDAQ Framework: Avis Budget Group Inc.
Global provider of transportation and mobility solutions 1.
1: Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers in the Americas, Europe, the Middle East and Africa, Asia, and Australasia. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; and the Zipcar brand, a car sharing network, as well as the Budget brand, a supplier of vehicle rental and other mobility solutions focused primarily on more value-conscious customers comprising Budget car rental, and Budget Truck, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 19,000 vehicles, which are rented through a network of dealer-operated and company-operated locations that serve the light commercial and consumer sectors in the continental United States. The company also operates various other car rental brands, such as Payless, Apex, Maggiore, Morini Rent, FranceCars, AmicoBlu, Turiscar, and ACL Hire and McNicoll Hire, as well as TurisPrime and RubyCa. In addition, it offers optional insurance products and coverages, such as supplemental liability, personal accident, personal effects protection, emergency sickness protection, automobile towing protection, and cargo insurance products; fuel service options, roadside assistance services, electronic toll collection services; and access to satellite radio, mobile WiFi devices, GPS navigation, and child safety seat rentals; automobile towing equipment and other moving accessories, such as hand trucks, furniture pads, and moving supplies; and Avis Budget Group Business Intelligence, an online portal complete with rental summary dashboards, visualizations, and detailed reports. The company was formerly known as Cendant Corporation and changed its name to Avis Budget Group, Inc. in September 2006. Avis Budget Group, Inc. was founded in 1946 and is based in Parsippany, New Jersey. View Source
Avis Budget Group Inc., headquartered in Parsippany, New Jersey, is a leading global provider of transportation solutions through its well-recognized brands: Avis, Budget, and Zipcar 2. The company offers a range of services including car and truck rentals, car sharing, and ancillary products and services to both businesses and consumers across the Americas, Europe, the Middle East, Africa, Asia, and Australasia 3. Avis caters to the premium commercial and leisure segments, while Budget focuses on value-conscious customers 4. Additionally, the company operates a network of rental locations directly and through licensees, and its Zipcar brand provides car-sharing services with a fleet available for hourly rental 5.
2: Avis Budget Group, Inc. is a leading global provider of transportation solutions, both through its Avis and Budget brands, which have more than 11,000 rental locations in approximately 180 countries around the world, and through its Zipcar brand, which is the world's leading car sharing network, with more than one million members. Avis Budget Group operates most of its car rental offices in North America, Europe and Australasia directly, and operates primarily through licensees in other parts of the world. Avis Budget Group is headquartered in Parsippany, N.J. View Source3: Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers in the Americas, Europe, the Middle East and Africa, Asia, and Australasia. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; and the Zipcar brand, a car sharing network, as well as the Budget brand, a supplier of vehicle rental and other mobility solutions focused primarily on more value-conscious customers comprising Budget car rental, and Budget Truck, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 19,000 vehicles, which are rented through a network of dealer-operated and company-operated locations that serve the light commercial and consumer sectors in the continental United States. The company also operates various other car rental brands, such as Payless, Apex, Maggiore, Morini Rent, FranceCars, AmicoBlu, Turiscar, and ACL Hire and McNicoll Hire, as well as TurisPrime and RubyCa. In addition, it offers optional insurance products and coverages, such as supplemental liability, personal accident, personal effects protection, emergency sickness protection, automobile towing protection, and cargo insurance products; fuel service options, roadside assistance services, electronic toll collection services; and access to satellite radio, mobile WiFi devices, GPS navigation, and child safety seat rentals; automobile towing equipment and other moving accessories, such as hand trucks, furniture pads, and moving supplies; and Avis Budget Group Business Intelligence, an online portal complete with rental summary dashboards, visualizations, and detailed reports. The company was formerly known as Cendant Corporation and changed its name to Avis Budget Group, Inc. in September 2006. Avis Budget Group, Inc. was founded in 1946 and is based in Parsippany, New Jersey. View Source4: Avis Budget Group Inc is a provider of automotive vehicle rental and car-sharing services. Its brands include Avis, Budget, and Zipcar. Avis is targeted to serve the premium commercial and leisure segments of the travel industry, while Budget is focused on value-conscious customers. The company operates its own network of rental locations and licenses its brands to franchisees. Zipcar is a car-sharing service that allows members to use the company-owned Zipcar fleet at an hourly rate. The company's largest region by revenue is the Americas. View Source5: Avis Budget Group Inc is a provider of automotive vehicle rental and car-sharing services. Its brands include Avis, Budget, and Zipcar. Avis is targeted to serve the premium commercial and leisure segments of the travel industry, while Budget is focused on value-conscious customers. The company operates its own network of rental locations and licenses its brands to franchisees. Zipcar is a car-sharing service that allows members to use the company-owned Zipcar fleet at an hourly rate. The company's largest region by revenue is the Americas. View Source
NO
Avis Budget Group Inc. is not led by its founders, nor are the founders heavily involved. The company was originally known as Cendant Corporation and changed its name to Avis Budget Group, Inc. in 2006 6. The current leadership includes executives such as Ferraro Joseph A., the President and CEO, who are not the founders 7.
Avis Budget Group Inc. is not led by its founders, nor are the founders heavily involved. The company was originally known as Cendant Corporation and changed its name to Avis Budget Group, Inc. in 2006 6. The current leadership includes executives such as Ferraro Joseph A., the President and CEO, who are not the founders 7.
6: Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers in the Americas, Europe, the Middle East and Africa, Asia, and Australasia. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; and the Zipcar brand, a car sharing network, as well as the Budget brand, a supplier of vehicle rental and other mobility solutions focused primarily on more value-conscious customers comprising Budget car rental, and Budget Truck, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 19,000 vehicles, which are rented through a network of dealer-operated and company-operated locations that serve the light commercial and consumer sectors in the continental United States. The company also operates various other car rental brands, such as Payless, Apex, Maggiore, Morini Rent, FranceCars, AmicoBlu, Turiscar, and ACL Hire and McNicoll Hire, as well as TurisPrime and RubyCa. In addition, it offers optional insurance products and coverages, such as supplemental liability, personal accident, personal effects protection, emergency sickness protection, automobile towing protection, and cargo insurance products; fuel service options, roadside assistance services, electronic toll collection services; and access to satellite radio, mobile WiFi devices, GPS navigation, and child safety seat rentals; automobile towing equipment and other moving accessories, such as hand trucks, furniture pads, and moving supplies; and Avis Budget Group Business Intelligence, an online portal complete with rental summary dashboards, visualizations, and detailed reports. The company was formerly known as Cendant Corporation and changed its name to Avis Budget Group, Inc. in September 2006. Avis Budget Group, Inc. was founded in 1946 and is based in Parsippany, New Jersey. View Source7: Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 3.08 percent of Avis Budget Group Inc shares are owned by insiders, and 97.99 percent are held by financial institutions. Ferraro Joseph A., the President and CEO at Avis Budget Group Inc (CAR) has sold 18,460 shares of firm on Dec 15 ’23 at a price of $195.41 against the total amount of $3.61 million. In another inside trade, Martins Izilda P, EVP, Americas of Avis Budget Group Inc (NASDAQ:CAR) sold 3,950 shares of the firm on Dec 15 ’23 for a total worth of $0.77 million at a price of $195.86. View Source
MEDIUM RISK
Avis Budget Group Inc. has shown both strengths and weaknesses in its financial situation. On the positive side, the company ended the first quarter of 2024 with revenues of $2.6 billion, driven by strong travel demand, and maintains a liquidity position of approximately $0.7 billion with an additional $3.8 billion of fleet funding capacity 8. However, the company also reported a net loss of $113 million and a significant drop in EBITDA for the same period 9. Additionally, the company's stock has experienced fluctuations, with recent earnings misses and a decline in stock price 1011. Given these mixed indicators, Avis Budget Group Inc. is considered to be at medium risk.
Avis Budget Group Inc. has shown both strengths and weaknesses in its financial situation. On the positive side, the company ended the first quarter of 2024 with revenues of $2.6 billion, driven by strong travel demand, and maintains a liquidity position of approximately $0.7 billion with an additional $3.8 billion of fleet funding capacity 8. However, the company also reported a net loss of $113 million and a significant drop in EBITDA for the same period 9. Additionally, the company's stock has experienced fluctuations, with recent earnings misses and a decline in stock price 1011. Given these mixed indicators, Avis Budget Group Inc. is considered to be at medium risk.
8: Avis Budget Group to Announce Second Quarter 2024 Results on August 5th Conference Call to Discuss Results Scheduled for August 6th, 2024PARSIPPANY, N.J., July 11, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its second quarter 2024 results after the market close on Monday, August 5th, 2024, and to host a conference call for institutional investors to discuss these results on Tuesday, August 6th, 2024 at 8:30 a.m. Eastern time. Investors may access the call at ir.avisbudgetgroup.com, or by dialing (877)-407-2 GlobeNewswire • 13 days ago CAR Q1 Earnings Highs And Lows: Avis Budget Group (NASDAQ:CAR) Vs The Rest Of The Ground Transportation Stocks Let's dig into the relative performance of Avis Budget Group (NASDAQ:CAR) and its peers as we unravel the now-completed Q1 ground transportation earnings season. StockStory • 15 days ago CAR ULH UHAL-B Hertz’s Bond Deal Can’t Slow Its Stock Selloff Hertz Global Holdings shares and bonds are driving lower today as the company issues a new $750 million high-yield bond deal to investors. The new funds are meant to bolster the ailing car rental company’s balance sheet, but Hertz’s stock has been tanking since management announced the deal two weeks ago. Hertz shares fell about 4% today and are down 44% over the past month. The Wall Street Journal • last month CAR HTZ HTZWW AVIS extends PGA TOUR marketing partnership, adds Xander Schauffele as ambassador AVIS has served as the Official Rental Car Company of the PGA TOUR since 2011PONTE VEDRA BEACH, Fla. and PARSIPPANY, N.J., June 17, 2024 (GLOBE NEWSWIRE) -- AVIS, one of the world’s best known car rental brands, has today announced a multi-year extension of its partnership as the Official Rental Car Company of the PGA TOUR, PGA TOUR Champions and Korn Ferry Tour. The agreement, through 2028, will continue to provide rental vehicles for players, caddies, employees and fans at PGA TOUR-sanctioned GlobeNewswire • last month CAR Hertz Global, Avis Budget Group's Valuations Revised Amid Market Uncertainty, BofA Says Hertz Global, Avis Budget Group's Valuations Revised Amid Market Uncertainty, BofA Says PREMIUM MT Newswires • last month CAR HTZWW Avis Budget (CAR) Down 2.3% Since Last Earnings Report: Can It Rebound? Avis Budget (CAR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues. Zacks • last month CAR Avis Budget Group (NASDAQ:CAR) Is Looking To Continue Growing Its Returns On Capital If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to... Simply Wall St. • last month CAR Car-Rental Prices Roll Downhill in April, Defying Predictions Car-rental prices are sliding, despite major companies in the space forecasting an improvement. The data goes against the forecasts of major car-rental companies, which said with first-quarter results that pricing trends had improved late in the quarter. Hertz said it expected sequential improvements in prices in March to continue into April, while Avis Budget Group said it had seen positive signs on future pricing. Barrons.com • 2 months ago CAR Avis Budget Group Announces Pricing of €200 Million of Senior Notes PARSIPPANY, N.J., May 14, 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 €200 million aggregate principal amount of additional 7.25% Senior Notes due 2030 (the “Notes”). The Notes will be issued as additional notes under the Indenture, dated as of July 13, 2023, pursuant to which the Issuer previously issued €400 million aggregate principal amount GlobeNewswire • 2 months ago CAR Avis Budget Group Announces Intention to Offer €200 Million of Senior Notes PARSIPPANY, N.J., May 13, 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 €200 million aggregate principal amount of additional 7.25% Senior Notes due 2030 (the “Notes”) in a private offering. The Notes will be issued as additional notes under the Indenture, dated as of July 13, 2023, pursuant to which the Iss GlobeNewswire • 2 months ago CAR Avis Budget (CAR) Gains 28% Despite Earnings Miss in Q1 Avis Budget (CAR) witnesses a y/y decline in revenues from the Americas, while international revenues increase. Zacks • 2 months ago CAR APTV TT Bank of America Throws Its Weight Behind These 2 ‘Strong Buy’ Stocks We’ve received some mixed messages from the market recently. The S&P 500 finished April with a 4% loss, its first monthly loss after five straight months of gains. But the month of May has started with gains in trading, and the earnings season for 1Q24 has turned out better than expected. In addition, the Federal Reserve has indicated that it will be keeping interest rates ‘higher for longer,’ while inflation remains stubborn. A rate cut this year is still considered possible, but not likely unt TipRanks • 2 months ago CAR ^GSPC KKR Avis Budget Group, Inc. (NASDAQ:CAR) Q1 2024 Earnings Call Transcript Avis Budget Group, Inc. (NASDAQ:CAR) Q1 2024 Earnings Call Transcript May 2, 2024 Avis Budget Group, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Greetings. Welcome to the Avis Budget Group First Quarter 2024 Earnings Conference Call. At this […] Insider Monkey • 2 months ago CAR Why Avis Budget Stock Surged Thursday Shares of the rental car company jumped on a solid earnings report. Motley Fool • 2 months ago CAR Avis Budget Group Inc (CAR) (Q1 2024) Earnings Call Transcript Highlights: Navigating ... Despite a significant drop in EBITDA, Avis Budget Group Inc (CAR) showcases strategic adjustments and robust demand in the first quarter of 2024. GuruFocus.com • 2 months ago CAR Auto & Transport Roundup: Market Talk Gain insight AltaGas, Air Canada, Aston Martin, Tesla and more in the latest Market Talks covering the Auto and Transport sector. The Wall Street Journal • 2 months ago BDRAF BDRBF BDRPF Avis Budget (CAR) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates While the top- and bottom-line numbers for Avis Budget (CAR) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. Zacks • 2 months ago CAR Avis Budget Group Inc (CAR) Reports Q1 2024 Earnings: Misses Analyst Revenue and Earnings Estimates Amidst Strong Travel Demand, Avis Faces Financial Challenges GuruFocus.com • 2 months ago CAR Avis Budget Group Reports First Quarter Results PARSIPPANY, N.J., May 01, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for first quarter 2024 today. We ended the quarter with revenues of $2.6 billion, driven by strong travel demand. Net loss was $113 million and our Adjusted EBITDA1 was $12 million. Our liquidity position at the end of the quarter was approximately $0.7 billion, with an additional $3.8 billion of fleet funding capacity. We have well-laddered corporate debt, and after giving effect GlobeNewswire • 2 months ago CAR Fed rate decision, Qualcomm earnings: What to Watch Market Domination Overtime anchors Julie Hyman and Josh Lipton preview the top headlines for investors for tomorrow, Wednesday, May 1, 2024. Federal Reserve officials will issue their latest interest rate policy decision coming out of their FOMC meeting tomorrow afternoon, followed by a press conference by Fed Chair Jerome Powell. On the earnings front, a slew of companies are set to release quarterly reports, including names like DoorDash (DASH), Mastercard (MA), and Qualcomm (QCOM). For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith Yahoo Finance Video • 2 months ago DASH CVNA QCOM View Source9: Avis Budget Group to Announce Second Quarter 2024 Results on August 5th Conference Call to Discuss Results Scheduled for August 6th, 2024PARSIPPANY, N.J., July 11, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its second quarter 2024 results after the market close on Monday, August 5th, 2024, and to host a conference call for institutional investors to discuss these results on Tuesday, August 6th, 2024 at 8:30 a.m. Eastern time. Investors may access the call at ir.avisbudgetgroup.com, or by dialing (877)-407-2 GlobeNewswire • 13 days ago CAR Q1 Earnings Highs And Lows: Avis Budget Group (NASDAQ:CAR) Vs The Rest Of The Ground Transportation Stocks Let's dig into the relative performance of Avis Budget Group (NASDAQ:CAR) and its peers as we unravel the now-completed Q1 ground transportation earnings season. StockStory • 15 days ago CAR ULH UHAL-B Hertz’s Bond Deal Can’t Slow Its Stock Selloff Hertz Global Holdings shares and bonds are driving lower today as the company issues a new $750 million high-yield bond deal to investors. The new funds are meant to bolster the ailing car rental company’s balance sheet, but Hertz’s stock has been tanking since management announced the deal two weeks ago. Hertz shares fell about 4% today and are down 44% over the past month. The Wall Street Journal • last month CAR HTZ HTZWW AVIS extends PGA TOUR marketing partnership, adds Xander Schauffele as ambassador AVIS has served as the Official Rental Car Company of the PGA TOUR since 2011PONTE VEDRA BEACH, Fla. and PARSIPPANY, N.J., June 17, 2024 (GLOBE NEWSWIRE) -- AVIS, one of the world’s best known car rental brands, has today announced a multi-year extension of its partnership as the Official Rental Car Company of the PGA TOUR, PGA TOUR Champions and Korn Ferry Tour. The agreement, through 2028, will continue to provide rental vehicles for players, caddies, employees and fans at PGA TOUR-sanctioned GlobeNewswire • last month CAR Hertz Global, Avis Budget Group's Valuations Revised Amid Market Uncertainty, BofA Says Hertz Global, Avis Budget Group's Valuations Revised Amid Market Uncertainty, BofA Says PREMIUM MT Newswires • last month CAR HTZWW Avis Budget (CAR) Down 2.3% Since Last Earnings Report: Can It Rebound? Avis Budget (CAR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues. Zacks • last month CAR Avis Budget Group (NASDAQ:CAR) Is Looking To Continue Growing Its Returns On Capital If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to... Simply Wall St. • last month CAR Car-Rental Prices Roll Downhill in April, Defying Predictions Car-rental prices are sliding, despite major companies in the space forecasting an improvement. The data goes against the forecasts of major car-rental companies, which said with first-quarter results that pricing trends had improved late in the quarter. Hertz said it expected sequential improvements in prices in March to continue into April, while Avis Budget Group said it had seen positive signs on future pricing. Barrons.com • 2 months ago CAR Avis Budget Group Announces Pricing of €200 Million of Senior Notes PARSIPPANY, N.J., May 14, 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 €200 million aggregate principal amount of additional 7.25% Senior Notes due 2030 (the “Notes”). The Notes will be issued as additional notes under the Indenture, dated as of July 13, 2023, pursuant to which the Issuer previously issued €400 million aggregate principal amount GlobeNewswire • 2 months ago CAR Avis Budget Group Announces Intention to Offer €200 Million of Senior Notes PARSIPPANY, N.J., May 13, 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 €200 million aggregate principal amount of additional 7.25% Senior Notes due 2030 (the “Notes”) in a private offering. The Notes will be issued as additional notes under the Indenture, dated as of July 13, 2023, pursuant to which the Iss GlobeNewswire • 2 months ago CAR Avis Budget (CAR) Gains 28% Despite Earnings Miss in Q1 Avis Budget (CAR) witnesses a y/y decline in revenues from the Americas, while international revenues increase. Zacks • 2 months ago CAR APTV TT Bank of America Throws Its Weight Behind These 2 ‘Strong Buy’ Stocks We’ve received some mixed messages from the market recently. The S&P 500 finished April with a 4% loss, its first monthly loss after five straight months of gains. But the month of May has started with gains in trading, and the earnings season for 1Q24 has turned out better than expected. In addition, the Federal Reserve has indicated that it will be keeping interest rates ‘higher for longer,’ while inflation remains stubborn. A rate cut this year is still considered possible, but not likely unt TipRanks • 2 months ago CAR ^GSPC KKR Avis Budget Group, Inc. (NASDAQ:CAR) Q1 2024 Earnings Call Transcript Avis Budget Group, Inc. (NASDAQ:CAR) Q1 2024 Earnings Call Transcript May 2, 2024 Avis Budget Group, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Greetings. Welcome to the Avis Budget Group First Quarter 2024 Earnings Conference Call. At this […] Insider Monkey • 2 months ago CAR Why Avis Budget Stock Surged Thursday Shares of the rental car company jumped on a solid earnings report. Motley Fool • 2 months ago CAR Avis Budget Group Inc (CAR) (Q1 2024) Earnings Call Transcript Highlights: Navigating ... Despite a significant drop in EBITDA, Avis Budget Group Inc (CAR) showcases strategic adjustments and robust demand in the first quarter of 2024. GuruFocus.com • 2 months ago CAR Auto & Transport Roundup: Market Talk Gain insight AltaGas, Air Canada, Aston Martin, Tesla and more in the latest Market Talks covering the Auto and Transport sector. The Wall Street Journal • 2 months ago BDRAF BDRBF BDRPF Avis Budget (CAR) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates While the top- and bottom-line numbers for Avis Budget (CAR) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. Zacks • 2 months ago CAR Avis Budget Group Inc (CAR) Reports Q1 2024 Earnings: Misses Analyst Revenue and Earnings Estimates Amidst Strong Travel Demand, Avis Faces Financial Challenges GuruFocus.com • 2 months ago CAR Avis Budget Group Reports First Quarter Results PARSIPPANY, N.J., May 01, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for first quarter 2024 today. We ended the quarter with revenues of $2.6 billion, driven by strong travel demand. Net loss was $113 million and our Adjusted EBITDA1 was $12 million. Our liquidity position at the end of the quarter was approximately $0.7 billion, with an additional $3.8 billion of fleet funding capacity. We have well-laddered corporate debt, and after giving effect GlobeNewswire • 2 months ago CAR Fed rate decision, Qualcomm earnings: What to Watch Market Domination Overtime anchors Julie Hyman and Josh Lipton preview the top headlines for investors for tomorrow, Wednesday, May 1, 2024. Federal Reserve officials will issue their latest interest rate policy decision coming out of their FOMC meeting tomorrow afternoon, followed by a press conference by Fed Chair Jerome Powell. On the earnings front, a slew of companies are set to release quarterly reports, including names like DoorDash (DASH), Mastercard (MA), and Qualcomm (QCOM). For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith Yahoo Finance Video • 2 months ago DASH CVNA QCOM View Source10: Avis Budget (CAR) Gains 28% Despite Earnings Miss in Q1 View Source11: Avis Budget (CAR) Down 2.3% Since Last Earnings Report: Can It Rebound? View Source
NO
There is no evidence to suggest that Avis Budget Group Inc. is launching any new product offerings at this time. The provided facts do not mention any new products being introduced by the company.
There is no evidence to suggest that Avis Budget Group Inc. is launching any new product offerings at this time. The provided facts do not mention any new products being introduced by the company.
Avis Budget Group Inc. plans to continue its growth and expansion strategy through 2024 to 2026 by leveraging its well-established brands and enhancing its service offerings. The company aims to maintain its strong presence in the premium and value-conscious segments of the travel industry through its Avis and Budget brands, respectively, while expanding its car-sharing services via Zipcar [fERROR][fERROR]Avis Budget Group Inc. plans to continue its growth and expansion strategy through 2024 to 2026 by leveraging its well-established brands and enhancing its service offerings. The company aims to maintain its strong presence in the premium and value-conscious segments of the travel industry through its Avis and Budget brands, respectively, while expanding its car-sharing services via Zipcar [fERROR, fERROR]. Additionally, Avis Budget Group is focused on strategic partnerships and marketing initiatives, such as its multi-year extension with the PGA TOUR and the addition of Xander Schauffele as an ambassador, to strengthen brand visibility and customer engagement 12. The company is also committed to improving operational efficiencies and customer experiences, as evidenced by the introduction of self-service kiosks across Europe 13.
12: Avis Budget Group to Announce Second Quarter 2024 Results on August 5th Conference Call to Discuss Results Scheduled for August 6th, 2024PARSIPPANY, N.J., July 11, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its second quarter 2024 results after the market close on Monday, August 5th, 2024, and to host a conference call for institutional investors to discuss these results on Tuesday, August 6th, 2024 at 8:30 a.m. Eastern time. Investors may access the call at ir.avisbudgetgroup.com, or by dialing (877)-407-2 GlobeNewswire • 13 days ago CAR Q1 Earnings Highs And Lows: Avis Budget Group (NASDAQ:CAR) Vs The Rest Of The Ground Transportation Stocks Let's dig into the relative performance of Avis Budget Group (NASDAQ:CAR) and its peers as we unravel the now-completed Q1 ground transportation earnings season. StockStory • 15 days ago CAR ULH UHAL-B Hertz’s Bond Deal Can’t Slow Its Stock Selloff Hertz Global Holdings shares and bonds are driving lower today as the company issues a new $750 million high-yield bond deal to investors. The new funds are meant to bolster the ailing car rental company’s balance sheet, but Hertz’s stock has been tanking since management announced the deal two weeks ago. Hertz shares fell about 4% today and are down 44% over the past month. The Wall Street Journal • last month CAR HTZ HTZWW AVIS extends PGA TOUR marketing partnership, adds Xander Schauffele as ambassador AVIS has served as the Official Rental Car Company of the PGA TOUR since 2011PONTE VEDRA BEACH, Fla. and PARSIPPANY, N.J., June 17, 2024 (GLOBE NEWSWIRE) -- AVIS, one of the world’s best known car rental brands, has today announced a multi-year extension of its partnership as the Official Rental Car Company of the PGA TOUR, PGA TOUR Champions and Korn Ferry Tour. The agreement, through 2028, will continue to provide rental vehicles for players, caddies, employees and fans at PGA TOUR-sanctioned GlobeNewswire • last month CAR Hertz Global, Avis Budget Group's Valuations Revised Amid Market Uncertainty, BofA Says Hertz Global, Avis Budget Group's Valuations Revised Amid Market Uncertainty, BofA Says PREMIUM MT Newswires • last month CAR HTZWW Avis Budget (CAR) Down 2.3% Since Last Earnings Report: Can It Rebound? Avis Budget (CAR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues. Zacks • last month CAR Avis Budget Group (NASDAQ:CAR) Is Looking To Continue Growing Its Returns On Capital If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to... Simply Wall St. • last month CAR Car-Rental Prices Roll Downhill in April, Defying Predictions Car-rental prices are sliding, despite major companies in the space forecasting an improvement. The data goes against the forecasts of major car-rental companies, which said with first-quarter results that pricing trends had improved late in the quarter. Hertz said it expected sequential improvements in prices in March to continue into April, while Avis Budget Group said it had seen positive signs on future pricing. Barrons.com • 2 months ago CAR Avis Budget Group Announces Pricing of €200 Million of Senior Notes PARSIPPANY, N.J., May 14, 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 €200 million aggregate principal amount of additional 7.25% Senior Notes due 2030 (the “Notes”). The Notes will be issued as additional notes under the Indenture, dated as of July 13, 2023, pursuant to which the Issuer previously issued €400 million aggregate principal amount GlobeNewswire • 2 months ago CAR Avis Budget Group Announces Intention to Offer €200 Million of Senior Notes PARSIPPANY, N.J., May 13, 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 €200 million aggregate principal amount of additional 7.25% Senior Notes due 2030 (the “Notes”) in a private offering. The Notes will be issued as additional notes under the Indenture, dated as of July 13, 2023, pursuant to which the Iss GlobeNewswire • 2 months ago CAR Avis Budget (CAR) Gains 28% Despite Earnings Miss in Q1 Avis Budget (CAR) witnesses a y/y decline in revenues from the Americas, while international revenues increase. Zacks • 2 months ago CAR APTV TT Bank of America Throws Its Weight Behind These 2 ‘Strong Buy’ Stocks We’ve received some mixed messages from the market recently. The S&P 500 finished April with a 4% loss, its first monthly loss after five straight months of gains. But the month of May has started with gains in trading, and the earnings season for 1Q24 has turned out better than expected. In addition, the Federal Reserve has indicated that it will be keeping interest rates ‘higher for longer,’ while inflation remains stubborn. A rate cut this year is still considered possible, but not likely unt TipRanks • 2 months ago CAR ^GSPC KKR Avis Budget Group, Inc. (NASDAQ:CAR) Q1 2024 Earnings Call Transcript Avis Budget Group, Inc. (NASDAQ:CAR) Q1 2024 Earnings Call Transcript May 2, 2024 Avis Budget Group, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Greetings. Welcome to the Avis Budget Group First Quarter 2024 Earnings Conference Call. At this […] Insider Monkey • 2 months ago CAR Why Avis Budget Stock Surged Thursday Shares of the rental car company jumped on a solid earnings report. Motley Fool • 2 months ago CAR Avis Budget Group Inc (CAR) (Q1 2024) Earnings Call Transcript Highlights: Navigating ... Despite a significant drop in EBITDA, Avis Budget Group Inc (CAR) showcases strategic adjustments and robust demand in the first quarter of 2024. GuruFocus.com • 2 months ago CAR Auto & Transport Roundup: Market Talk Gain insight AltaGas, Air Canada, Aston Martin, Tesla and more in the latest Market Talks covering the Auto and Transport sector. The Wall Street Journal • 2 months ago BDRAF BDRBF BDRPF Avis Budget (CAR) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates While the top- and bottom-line numbers for Avis Budget (CAR) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. Zacks • 2 months ago CAR Avis Budget Group Inc (CAR) Reports Q1 2024 Earnings: Misses Analyst Revenue and Earnings Estimates Amidst Strong Travel Demand, Avis Faces Financial Challenges GuruFocus.com • 2 months ago CAR Avis Budget Group Reports First Quarter Results PARSIPPANY, N.J., May 01, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for first quarter 2024 today. We ended the quarter with revenues of $2.6 billion, driven by strong travel demand. Net loss was $113 million and our Adjusted EBITDA1 was $12 million. Our liquidity position at the end of the quarter was approximately $0.7 billion, with an additional $3.8 billion of fleet funding capacity. We have well-laddered corporate debt, and after giving effect GlobeNewswire • 2 months ago CAR Fed rate decision, Qualcomm earnings: What to Watch Market Domination Overtime anchors Julie Hyman and Josh Lipton preview the top headlines for investors for tomorrow, Wednesday, May 1, 2024. Federal Reserve officials will issue their latest interest rate policy decision coming out of their FOMC meeting tomorrow afternoon, followed by a press conference by Fed Chair Jerome Powell. On the earnings front, a slew of companies are set to release quarterly reports, including names like DoorDash (DASH), Mastercard (MA), and Qualcomm (QCOM). For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith Yahoo Finance Video • 2 months ago DASH CVNA QCOM View Source13: Avis Budget Group 157,548 followers 1d Report this post We’re in Atlanta, GA for the 2024 #GBTA Convention! Plan on an unforgettable experience – stop by Booth #3832 if you want to set up an appointment to meet with an Avis team member. #GBTA #GBTA2024 #AvisGBTA2024 #PlanOnUs #AvisCashCar 37 Like Comment Share Avis Budget Group 157,548 followers 1w Report this post We are honored when customers repeatedly entrust us with their travel plans. Every day, our employees inspire confidence, ensuring our customers that our only plan is to make sure they keep theirs. As a customer service representative in Raleigh, North Carolina, Rhonda has consistently demonstrated unwavering passion and dedication to her job. She even came out of retirement to help her former team when they needed it most. “Rhonda returned to assist us when we were short-handed. Not only did she make a significant personal sacrifice, but she also maintained the highest NPS in her workgroup,” said her Operations Manager, Jordan F. Thank you, Rhonda, for being Driven to be the Best! #EmployeeSpotlight #TeamAppreciation #DiscoverYourDriveABG #AvisBudgetGroup 256 12 Comments Like Comment Share Avis Budget Group 157,548 followers 2w Report this post We are thrilled to share how our team at Avis Budget Group has come together to support a wonderful initiative by the Maruzza Foundation, a charity in Italy. This organization supports children suffering from incurable diseases, so they can receive services that allow them to have a better life. The Maruzza Foundation hosted its third Giro d’Italia (a cycling tour of Italy) to raise awareness of the urgent need to provide the best possible quality of life and care for every child with a life-limiting or life-threatening condition in Italy. We support accompanying families taking part in the tour from Termini Station in Rome to the Fondazione per l’infanzia Ronald McDonald Italia House in Palidoro. Thank you to everyone involved in this initiative and our ongoing commitment to positively and meaningfully impact society!💖 #AvisBudgetGroup #CommunitySupport #CorporateResponsibility #ABG #DisneylandParis #DriveToDoGood 185 3 Comments Like Comment Share Avis Budget Group 157,548 followers 2w Report this post Happy Fourth of July! 🇺🇸 Today, we celebrate the spirit of freedom, unity, and resilience that defines our nation. As we enjoy the festivities, let's also take a moment to honor those who have contributed to our liberty and remember the values that make our country great. Wishing everyone a safe and joyous Independence Day! Book your 4th of July adventure with us: https://lnkd.in/epJTAKcY #AvisBudgetGroup #FourthOfJuly #IndependenceDay 163 5 Comments Like Comment Share Avis Budget Group 157,548 followers 4w Report this post We are fighting childhood cancer one cup at a time! At Avis Budget Group as a part of our Drive to Do Good, we're raising awareness and donations for @AlexsLemonade to help kids with cancer during #LemonadeDays! Reserve now (use link below) to enjoy up to 25% off your rental and 5% will be donated to Alex’s Lemonade Stand Foundation. https://lnkd.in/d-u-bK-P #AvisBudgetGroup #LemonadeDays #AlexsLemonade 109 3 Comments Like Comment Share Avis Budget Group 157,548 followers 1mo Report this post At Avis Budget Group, we are proud to foster a culture of inclusion and strive for continuous change both internally and within our communities. Through education, we aim to build awareness of each individual's unique experiences, promoting an equitable and inclusive workplace where everyone feels valued and respected. This Juneteenth, we commemorate the emancipation of enslaved people in the United States and the arrival of federal troops in Galveston, Texas, in 1865, ensuring the freedom of all enslaved individuals. #AvisBudgetGroup #Juneteenth #Inclusion #Diversity 90 2 Comments Like Comment Share Avis Budget Group 157,548 followers 1mo Report this post The PGA TOUR is officially here and with it, we are excited to introduce AVIS’s two-year partnership with eight-time PGA TOUR Winner and defending Olympic Gold Medalist, Xander Schauffele. To celebrate the partnership, Schauffele will be sporting AVIS throughout future PGA TOUR events for the next two years. #AvisBudgetGroup #PGATour #PlanonUs 476 17 Comments Like Comment Share Avis Budget Group 157,548 followers 1mo Report this post This June, we are celebrating 🌈 PRIDE month with a series of exciting activities, including: (1) Interviews with our #PowerofPRIDE employee resource group, helping us to foster a culture of inclusion and diversity. (2) A "Stories of Resilience" webinar focused on the challenges the LGBTQ+ community still face. (3) Our ZipQueers roundtable discussion with BAGLY on "Everyday Queerness," to explore and celebrate the daily lives and experiences of queer individuals. At Avis Budget Group, we are committed to creating a supportive and inclusive environment for everyone. #AvisBudgetGroup #EmployeeSpotlight #PrideMonth #LGBTQ #Equality 146 2 Comments Like Comment Share Avis Budget Group 157,548 followers 1mo Report this post Exciting News! This week, we kicked off our 2024 Accelerate Corporate and Field Internship programs! We are thrilled to welcome 27 talented interns, including 10 Operation Manager Interns and 17 Corporate Headquarter Interns. These bright minds bring passion, fresh ideas, and unique perspectives to our team. We're excited to see their growth and accomplishments over the next 10 weeks. Stay tuned for updates on their incredible journey! #AvisBudgetGroup #DiscoverYourDriveABG #SummerIntern #HRInternship #InternshipProgram 149 4 Comments Like Comment Share Avis Budget Group 157,548 followers 1mo Edited Report this post We are committed to delivering a seamless journey, minimizing queues, and expediting the vehicle collection process for an efficient and enjoyable rental experience. Customers are in full control of their travel itinerary and can retrieve their rental vehicle keys quickly using our Self-Service Kiosks at locations across Europe. Become an Avis Preferred member to enjoy the Avis Self-Service Kiosk offering at no additional charge. Download the Avis app to book your next rental and experience our Avis Self-Service Kiosk for yourself here: https://lnkd.in/gG_Qwg9D #SelfServiceKiosk …see more 162 8 Comments Like Comment Share View Source