STOCK TITAN

Avis Budget - CAR STOCK NEWS

Welcome to our dedicated page for Avis Budget news (Ticker: CAR), a resource for investors and traders seeking the latest updates and insights on Avis Budget stock.

Avis Budget Group, Inc. (CAR) delivers innovative mobility solutions through its Avis, Budget, and Zipcar brands worldwide. This news hub provides investors and industry observers with timely updates on corporate developments shaping the vehicle rental and car-sharing sectors.

Access official press releases, financial disclosures, and strategic announcements covering key operational areas. Track updates on fleet management innovations, partnership expansions, and market leadership initiatives across North America, Europe, and Australasia.

Our curated news collection enables informed analysis of the company's premium rental services (Avis), value-focused solutions (Budget), and urban mobility platforms (Zipcar). Discover updates on licensing agreements, technological advancements in digital booking systems, and sustainability efforts within the transportation sector.

Bookmark this page for centralized access to CAR's evolving position in the competitive mobility landscape. Monitor critical updates including quarterly earnings reports, leadership changes, and industry recognition that impact long-term strategic positioning.

Rhea-AI Summary
Avis Budget Group, Inc. (NASDAQ: CAR) announced a private offering of $500 million aggregate principal amount of 8.00% senior notes due 2031. The Notes will be issued at an issue price of 99.341% and guaranteed by the Company and certain subsidiaries. The net proceeds will be used for redeeming outstanding senior notes, repaying a portion of a term loan, and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.5%
Tags
none
-
Rhea-AI Summary
Avis Budget Group, Inc. (NASDAQ: CAR) announced a private offering of $500 million aggregate principal amount of senior notes due 2031 to redeem outstanding senior notes due 2025, repay a portion of its floating rate term loan, and cover general corporate purposes. The Notes and related guarantees are being offered to qualified institutional buyers under Rule 144A or to non-U.S. persons under Regulation S. The offering is not registered under the Securities Act and is for informational purposes only.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.6%
Tags
none
-
Rhea-AI Summary
Avis Budget Group, Inc. (NASDAQ: CAR) reported Q3 2023 financial results with revenues of $3.6 billion, net income of $627 million, and Adjusted EBITDA of $907 million. The company ended the quarter with a liquidity position of $1.0 billion and additional fleet funding capacity of $1.1 billion. Q3 highlights include rental days up 5% compared to the same period last year and strong demand in the Americas and International segments. Avis Budget Group also repurchased 2.2 million shares of common stock for $487 million during the quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.01%
Tags
Rhea-AI Summary
Avis Budget Group announces significant changes within its leadership team. Izzy Martins will become EVP & CFO, Brian Choi will become EVP & Chief Transformation Officer, Jagdeep Pahwa will become Chairman, and Bernardo Hees will continue as a Board Member. The changes will be effective from January 1, 2024. Avis Budget Group is a leading global provider of mobility solutions with rental locations in approximately 180 countries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.01%
Tags
none
-
Rhea-AI Summary
Avis Budget Group to report Q3 2023 results and host conference call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.68%
Tags
-
Rhea-AI Summary
Car-sharing Washingtonians contribute to the environmental and social health of Washington D.C. by eliminating additional cars on the road, congestion, parking competition, and carbon emissions. Nearly 30% of Zipcar members in Washington D.C. have ditched their personal cars, eliminating an estimated 8,000 vehicles from the streets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.1%
Tags
none
Rhea-AI Summary
Car-sharing Chicagoans save over $6,000 on transportation and free city space equivalent of Millennium Park
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.1%
Tags
none
-
Rhea-AI Summary
Car-sharing New Yorkers save 50% on transportation costs and eliminate 37,000 vehicles from streets, positively impacting environment and congestion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.1%
Tags
none
-
Rhea-AI Summary
Avis Budget Group announces strong Q2 2023 financial results with revenues of $3.1 billion and net income of $436 million. Adjusted EBITDA was $737 million. Utilization increased by 50 basis points compared to Q2 2022. Liquidity position at the end of the quarter was $1.1 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.94%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.05%
Tags
Avis Budget

Nasdaq:CAR

CAR Rankings

CAR Stock Data

2.98B
33.98M
2.98%
101.72%
10.75%
Rental & Leasing Services
Services-auto Rental & Leasing (no Drivers)
Link
United States
PARSIPPANY