CAR Avis Budget Group Inc.

Is Car Ownership Threatening the Future of Cities? New Zipcar Impact Report Sounds the Alarm

Is Car Ownership Threatening the Future of Cities? New Zipcar Impact Report Sounds the Alarm
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07/10/2020

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CARAvis Budget Group Inc.

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Reports on Avis Budget Group Inc.

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Avis Budget Group Announces Chief Financial Officer Transition

Avis Budget Group Announces Chief Financial Officer Transition PARSIPPANY, N.J., June 09, 2025 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today announced the appointment of Daniel Cunha as Chief Financial Officer, effective July 1, 2025. Mr. Cunha will lead ABG’s finance functions and partner with other senior leaders to set and deliver on the Company's long-term strategic and financial objectives. Izzy Martins will be leaving the Company on June 30, 2025, to pursue another opportunity. Mr. Cunha joins ABG from Orion Services Group, a private equity owned commercial field ...

June 9, 2025 1 EN
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05/27/25 May 27, 2025 1 EN
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Avis Budget Group Announces Pricing Of $600 Million Of Senior Notes

Avis Budget Group Announces Pricing Of $600 Million Of Senior Notes PARSIPPANY, N.J., May 14, 2025 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (together, the “Issuers”), priced a private offering of $600 million aggregate principal amount of 8.375% senior notes due 2032 (the “Notes”), which represents a $100 million increase from the previously announced size of the offering. The Notes will have a maturity date of June 15, 2032. The closing of the off...

May 14, 2025 1 EN
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Avis Budget Group Announces Intention to Offer $500 Million of Senior ...

Avis Budget Group Announces Intention to Offer $500 Million of Senior Notes PARSIPPANY, N.J., May 14, 2025 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (together, the “Issuers”), intend, subject to market and other customary conditions, to offer $500 million aggregate principal amount of senior notes due 2032 (the “Notes”) in a private offering. The Notes will be guaranteed on a senior unsecured basis by Avis Budget Group, Inc. and certain of its U.S....

May 14, 2025 1 EN
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Avis Budget Group Reports First Quarter Results

Avis Budget Group Reports First Quarter Results PARSIPPANY, N.J., May 07, 2025 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for first quarter 2025 today. We ended the quarter with revenues of $2.4 billion, net loss of $505 million, and an Adjusted EBITDA1 loss of $93 million. During the first quarter, as anticipated, we recorded a non-cash fleet charge of $390 million related to the disposition of certain vehicles within the Americas. We do not expect further charges related to our accelerated fleet rotation strategy. “We made substantial ...

May 7, 2025 1 EN

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