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Avis Budget Group Inc (CAR.OQ)

CAR.OQ on NASDAQ Stock Exchange Global Select Market

26.47USD
16 Aug 2019
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$0.27 (+1.03%)
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Latest Key Developments (Source: Significant Developments)

Avis Budget Group Reports Q2 2019 Results
Tuesday, 6 Aug 2019 

Aug 5 (Reuters) - Avis Budget Group Inc ::AVIS BUDGET GROUP REPORTS SECOND QUARTER 2019 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.79.Q2 EARNINGS PER SHARE $0.81.Q2 REVENUE $2.3 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.35 BILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.73 -- REFINITIV IBES DATA.REAFFIRM PROJECTED FULL-YEAR 2019 GUIDANCE.FY2019 EARNINGS PER SHARE VIEW $4.08, REVENUE VIEW $9.24 BILLION -- REFINITIV IBES DATA.  Full Article

Avis Budget Group Announces Intention To Offer $400 Million Of Senior Notes
Wednesday, 19 Jun 2019 

June 19 (Reuters) - Avis Budget Group Inc ::AVIS BUDGET GROUP ANNOUNCES INTENTION TO OFFER $400 MILLION OF SENIOR NOTES.AVIS BUDGET GROUP INC - UNITS TO OFFER $400 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2027.AVIS BUDGET GROUP - INTENDS TO USE PROCEEDS, WITH CASH TO REDEEM PORTION OF OUTSTANDING 5.50% SENIOR NOTES DUE 2023.  Full Article

Avis Budget Group Reports Fourth Quarter Results
Thursday, 21 Feb 2019 

Feb 20 (Reuters) - Avis Budget Group Inc ::Q4 ADJUSTED EARNINGS PER SHARE $0.53.Q4 EARNINGS PER SHARE $0.16.Q4 REVENUE $2.1 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.04 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.37 -- REFINITIV IBES DATA.SEES 2019 REVENUES $9,200 MILLION TO $9,500 MILLION.SEES 2019 ADJUSTED DILUTED EARNINGS PER SHARE $3.35 TO $4.20.FY2019 EARNINGS PER SHARE VIEW $3.79, REVENUE VIEW $9.32 BILLION -- REFINITIV IBES DATA.DELIVERED A 6% IMPROVEMENT IN OVERALL PER-UNIT FLEET COSTS IN QUARTER.AMERICAS PER-UNIT FLEET COSTS WERE 7% LOWER FOR BOTH QUARTER AND YEAR EXCLUDING EXCHANGE RATE EFFECTS.3% INCREASE IN VOLUME IN QUARTER.  Full Article

Avis Budget Group - On Feb 13, Avis Budget Rental Car Funding LLC Subsidiary Issued $600 Mln Of Asset-Backed Securities
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - Avis Budget Group Inc ::AVIS BUDGET GROUP-ON FEB 13, AVIS BUDGET RENTAL CAR FUNDING (AESOP) LLC SUBSIDIARY ISSUED $600 MILLION OF ASSET-BACKED SECURITIES WITH MATURITY OF 3 YEARS.AVIS BUDGET GROUP INC - ALSO ISSUED $33.0 MILLION AGGREGATE PRINCIPAL AMOUNT OF SERIES 2019-1 6.192% CLASS R NOTES - SEC FILING.  Full Article

Avis Budget Group Intends To Offer 350 Mln Euros Of Senior Notes
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - Avis Budget Group Inc ::AVIS BUDGET GROUP ANNOUNCES INTENTION TO OFFER €350 MILLION OF SENIOR NOTES.AVIS BUDGET GROUP INC - UNIT INTENDS TO OFFER EUR 350 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2026 IN A PRIVATE OFFERING.AVIS BUDGET GROUP INC - NOTES WILL BE GUARANTEED ON A SENIOR UNSECURED BASIS BY AVIS BUDGET GROUP, INC. AND CERTAIN OF ITS U.S. SUBSIDIARIES.AVIS BUDGET - INTENDS TO USE NET PROCEEDS FROM NOTES OFFERING, TOGETHER WITH CASH ON HAND, TO REDEEM ALL OUTSTANDING 5.125% SENIOR NOTES DUE 2022.  Full Article

Avis Budget Says Lyft Drivers Will Be Able To Reserve Avis Vehicle From Within Lyft App
Monday, 6 Aug 2018 

Aug 6 (Reuters) - Avis Budget Group Inc ::AVIS BUDGET GROUP SAYS PARTNERS WITH LYFT TO PROVIDE DRIVERS WITH ON-DEMAND ACCESS TO AVIS VEHICLES.AVIS BUDGET GROUP SAYS WILL ADD THOUSANDS OF VEHICLES TO THE LYFT EXPRESS DRIVE PROGRAM IN CITIES ACROSS NORTH AMERICA.AVIS BUDGET GROUP SAYS LYFT DRIVERS WILL BE ABLE TO RESERVE AN AVIS RENTAL VEHICLE FROM WITHIN THE LYFT APP.  Full Article

Waymo starting trials to ferry shoppers to Walmart stores in Phoenix, Arizona
Thursday, 26 Jul 2018 

July 25 (Reuters) - :ALPHABET INC'S WAYMO SAYS EXPANDING PARTNERSHIPS IN METRO PHOENIX.WAYMO SAYS LAUNCHING TWO PILOTS WITH WALMART AND DDR CORP; EXPANDING ITS EXISTING PARTNERSHIPS WITH AUTONATION AND AVIS BUDGET GROUP.  Full Article

Avis Budget Brings Connected Cars To Europe With Groupe PSA Partnership
Monday, 30 Apr 2018 

April 30 (Reuters) - Avis Budget Group Inc ::AVIS BUDGET GROUP BRINGS CONNECTED CARS TO EUROPE WITH GROUPE PSA PARTNERSHIP.AVIS BUDGET - ADDITION OF 6,000 PEUGEOT, CITROËN & DS VEHICLES TO CONNECTED CAR RENTAL FLEET IN EUROPE, WITH EXTRA 5,000 CARS EXPECTED LATER THIS YEAR.AVIS BUDGET GROUP INC - EXPECTS ALL OF ITS PEUGEOT, CITROËN AND DS VEHICLES TO BE CONNECTED BY 2020..  Full Article

Avis Budget Group Enters Into New Cooperation Agreement With SRS Investment Management
Monday, 16 Apr 2018 

April 16 (Reuters) - Avis Budget Group Inc ::AVIS BUDGET GROUP ENTERS INTO NEW COOPERATION AGREEMENT WITH SRS INVESTMENT MANAGEMENT.AVIS BUDGET GROUP INC - COMPANY TO TERMINATE SHAREHOLDER RIGHTS PLAN.AVIS BUDGET GROUP INC - SRS AGREES TO SUPPORT ALL COMPANY NOMINEES AT 2018 ANNUAL MEETING.AVIS BUDGET GROUP INC - JAGDEEP PAHWA AND CARL SPARKS APPOINTED TO BOARD.AVIS BUDGET GROUP INC - APPOINTMENT OF JAGDEEP PAHWA AND CARL SPARKS EFFECTIVE APRIL 20, 2018 WILL TEMPORARILY EXPAND BOARD TO 14 MEMBERS.AVIS BUDGET GROUP INC - SRS INVESTMENT MANAGEMENT WILL BE PERMITTED TO INCREASE ITS EQUITY OWNERSHIP STAKE IN COMPANY TO 20% OF SHARES OUTSTANDING.AVIS BUDGET GROUP INC - COMPANY'S SLATE FOR ELECTION AT 2018 ANNUAL MEETING ALSO INCLUDES GLENN LURIE AND FRANCIS SHAMMO, NEW INDEPENDENT NOMINEES.AVIS BUDGET GROUP INC - COUPLED WITH ADDITION OF LURIE AND SHAMMO, WILL REDUCE SIZE OF BOARD TO 13 DIRECTORS.AVIS BUDGET GROUP - AGREED THAT AT 2019 ANNUAL MEETING, ONE INCUMBENT DIRECTOR WILL NOT STAND FOR REELECTION, REDUCING SIZE OF BOARD TO 12 DIRECTORS.AVIS BUDGET - SRS AGREED TO STANDSTILL & VOTING COMMITMENTS BEGINNING ON DATE OF NEW COOPERATION AGREEMENT AND ENDING ON EARLIER OF JANUARY 25, 2020.  Full Article

Avis Budget To Continue To Expand Operations With Waymo
Thursday, 22 Feb 2018 

Feb 22 (Reuters) - Avis Budget Group Inc ::AVIS BUDGET GROUP SEES ABOUT $20 MILLION HIGHER VEHICLE INTEREST EXPENSE IN 2018, PARTLY RESULTING FROM RISING U.S. INTEREST RATES."WILL CONTINUE TO EXPAND OUR OPERATIONS WITH WAYMO" - CONF CALL‍​.TALKING TO OTHER MOBILITY SOLUTION PROVIDERS, SEE SOME OF THOSE UNFOLD AS WELL OVER 2018 AND INTO 2019 - CONF CALL‍​.COST HEADWINDS IN 2018 WILL BE PARTIALLY OFFSET BY HIGH UTILIZATION - CONF CALL.WE'RE NOT LOSING SHARE IN CORPORATE BUSINESS, WE ARE STARTING TO SEE MORE LEISURE BUSINESS COMING THROUGH.  Full Article