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Avis Budget Group Inc (CAR.OQ)

CAR.OQ on NASDAQ Stock Exchange Global Select Market

41.81USD
22 Jun 2018
Change (% chg)

$0.56 (+1.36%)
Prev Close
$41.25
Open
$41.62
Day's High
$43.21
Day's Low
$41.62
Volume
1,123,925
Avg. Vol
930,464
52-wk High
$50.86
52-wk Low
$21.82

Latest Key Developments (Source: Significant Developments)

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

Avis Budget Group Sees FY 2017 Revenue About $8.85 Billion
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Avis Budget Group Inc ::AVIS BUDGET GROUP ANNOUNCES ESTIMATED FULL-YEAR 2017 RESULTS.SEES FY 2017 REVENUE ABOUT $8.85 BILLION.- EXPECTS ADJUSTED EBITDA TO BE WITHIN A RANGE OF $730 MILLION TO $740 MILLION FOR FULL-YEAR ENDED DECEMBER 31, 2017.AVIS BUDGET GROUP - EXPECTS TO CONTINUE TO FACE CERTAIN ONGOING HEADWINDS IN 2018, INCLUDING INCREMENTAL IMPACT OF RISING INTEREST RATES & OTHER ITEMS.FY2017 REVENUE VIEW $8.80 BILLION -- THOMSON REUTERS I/B/E/S.- COMPANY'S FINANCIAL PLANNING AND BUDGETING PROCESS FOR FISCAL 2018 IS STILL UNDERWAY.  Full Article

Avis Budget Group Named Exclusive Car Rental Partner Of Hawaiian Airlines
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Avis Budget Group Inc ::AVIS BUDGET GROUP INC SAYS IT IS NOW THE EXCLUSIVE CAR RENTAL PARTNER OF HAWAIIAN AIRLINES.  Full Article

Avis Budget Group signs qualified vendor agreement with Choice Hotels Hnternational
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Avis Budget Group Inc ::Avis Budget Group signs qualified vendor agreement with Choice Hotels International.Under exclusive multi-year agreement, Avis and Budget named preferred car rental partners for Choice Privileges rewards program​.  Full Article

Avis Budget group reports record third quarter 2017 results
Tuesday, 7 Nov 2017 

Nov 6 (Reuters) - Avis Budget Group Inc :Avis Budget Group reports record third quarter 2017 results.Q3 adjusted earnings per share $3.10.Q3 earnings per share $2.91.Q3 revenue $2.8 billion versus I/B/E/S view $2.78 billion.Q3 earnings per share view $3.04 -- Thomson Reuters I/B/E/S.Avis Budget Group Inc - sees 2017 ‍ revenues $8,800 million - $8,900 million​.Avis Budget Group Inc - sees ‍2017 adjusted diluted earnings per share $2.45 - $2.65​.FY2017 earnings per share view $2.68, revenue view $8.81 billion -- Thomson Reuters I/B/E/S.  Full Article

Avis Budget Group subsidiary entered into agreement with General Motors
Saturday, 4 Nov 2017 

Nov 3 (Reuters) - Avis Budget Group Inc :Avis Budget Group Inc - on oct 31, 2017, co's subsidiary Avis Budget Car Rental, LLC entered into letter agreement with General Motors LLC -SEC filing.Avis Budget Group Inc - agreement for the purchase of vehicles from dealers for the 2018 vehicle model year.  Full Article

Avis Budget Q4 adjusted earnings per share $0.15
Thursday, 16 Feb 2017 

Avis Budget Group Inc : Avis Budget Group reports fourth quarter and full-year 2016 results . Q4 adjusted earnings per share $0.15 . Q4 loss per share $0.35 . Q4 revenue $1.9 billion versus i/b/e/s view $1.96 billion . Q4 earnings per share view $0.17 -- Thomson Reuters I/B/E/S . Sees fy 2017 adjusted earnings per share $3.05 to $3.75 . Avis Budget group inc says total company per-unit fleet costs are expected to be $280 to $290 per month in 2017, compared to $285 in 2016 . Avis Budget Group Inc - expects that it will generate $450 to $500 million of free cash flow in 2017 . Sees full-year 2017 revenue to increase 2% to 3%, to $8.8 to $8.95 billion . Avis Budget Group - movements in currency exchange rates are currently expected to negatively impact revenue growth by approximately $130 million for 2017 . Avis Budget Group Inc - will repurchase $300 million or more of common stock this year . Avis Budget Group Inc - sees full year 2017 adjusted pretax income will be $430 million to $510 million .Fy2017 earnings per share view $3.45, revenue view $9.01 billion -- Thomson Reuters I/B/E/S.  Full Article

Avis Budget Group announces closing of €300 million senior notes offering
Tuesday, 27 Sep 2016 

Avis Budget Group Inc :Avis Budget Group announces closing of €300 million senior notes offering.  Full Article

Factbox: Hurricane season U.S. stocks to watch

NEW YORK Several Atlantic Ocean hurricanes in 2017 wrought heavy damage in the Caribbean and U.S. mainland, but for U.S. stocks in several industries, including hotels and transportation, they were a tailwind.