Avis Budget Group Reports First Quarter Results
Avis Budget Group, Inc. (CAR)
Last avis budget group, inc. earnings: 2/19 04:00 pm
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US:NASDAQ Investor Relations:
ir.avisbudgetgroup.com
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Source: GlobeNewswire
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 to our euro note repayment in April 2024, will have no meaningful maturities until 2027. “The strong travel demand from last year continued into the first quarter with record volume in the Americas as well as improved pricing trends as the quarter progressed,” said Joe Ferraro, Avis Budget Group Chief Executive Officer. “We took the necessary actions to get our fleet size in-line by disposing a record number of vehicles in the quarter allowing us to exit March with utilization in-li
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News
- Avis Budget Group Announces Pricing of €200 Million of Senior NotesGlobeNewswire
- Avis Budget Group Announces Intention to Offer €200 Million of Senior NotesGlobeNewswire
- Avis Budget (CAR) Gains 28% Despite Earnings Miss in Q1 [Yahoo! Finance]Yahoo! Finance
- Avis Budget Group: Company Getting Very Attractive Now But Caution Warranted [Seeking Alpha]Seeking Alpha
- Avis Budget Group, Inc. (NASDAQ:CAR) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
CAR
Earnings
- 5/1/24 - Miss
CAR
Sec Filings
- 5/2/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/3/24 - Form DEFA14A
- CAR's page on the SEC website