reports
Avis Budget Group to Announce First Quarter 2024 Results on May 1st
Avis Budget Group to Announce First Quarter 2024 Results on May 1st Conference Call to Discuss Results Scheduled for May 2nd, 2024 PARSIPPANY, N.J., April 19, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its first quarter 2024 results after the market close on Wednesday, May 1st, 2024, and to host a conference call for institutional investors to discuss these results on Thursday, May 2nd, 2024 at 8:30 a.m. Eastern time. Investors may access the call at ir.avisbudgetgroup.com, or by dialing (877)-407-2991. Investors are encourage...
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., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the “Issuer”), priced a private offering of €600 million aggregate principal amount of 7.00% senior notes due 2029 (the “Notes”), which represents a €200 million increase from the previously announced size of the offering. The Notes will have a maturity date of February 28, 2029. The closing of the offering of the Notes is expected to occur on ...
Avis Budget Group Announces Intention to Offer €400 Million of Senior ...
Avis Budget Group Announces Intention to Offer €400 Million of Senior Notes PARSIPPANY, N.J., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the “Issuer”), intends, subject to market and other customary conditions, to offer €400 million aggregate principal amount of senior notes due 2029 (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. subsidiaries. The Company intends to use the...
Avis Budget Group Reports Fourth Quarter and Full Year Results
Avis Budget Group Reports Fourth Quarter and Full Year Results PARSIPPANY, N.J., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today announced financial results for the fourth quarter and full year ended December 31, 2023. We ended 2023 with fourth quarter revenues of $2.8 billion, driven by strong demand. Net income was $260 million and Adjusted EBITDA1 was $311 million. Full year revenues of $12.0 billion was a new record for the Company. Net income was $1.6 billion and Adjusted EBITDA was $2.5 billion, both second highest full year records for the Company. ...
- MarketLine Department
Hertz Global Holdings, Inc - Mergers & Acquisitions (M&A), Partnership...
Summary Marketline's Hertz Global Holdings, Inc Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Hertz Global Holdings, Inc - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Allianc...
Avis Budget Group to Announce Fourth Quarter 2023 Results on February ...
Avis Budget Group to Announce Fourth Quarter 2023 Results on February 12th Conference Call to Discuss Results Scheduled for February 13th, 2024 PARSIPPANY, N.J., Jan. 12, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its fourth quarter 2023 results after the market close on Monday, February 12th, 2024, and to host a conference call for institutional investors to discuss these results on Tuesday, February 13th, 2024 at 8:30 a.m. Eastern time. Investors may access the call at ir.avisbudgetgroup.com, or by dialing (877)-407-2991. In...
- Dave Nicoski
- Ross LaDuke
Vermilion Int'l Compass: Global Equity Strategy
Upgrading Mexico to Overweight Recent developments have continued to reinforce our bullish outlook on global equities (MSCI ACWI). There is no reason to fight this bullish trend, and we continue to expect more upside into the early part of 2024. Upgrading Mexico to Overweight. We are upgrading Mexico to overweight; Mexico's S&P/BMV IPC index is breaking out to all-time highs, and RS is bottoming -- add exposure. Our other country overweights include Europe, Japan, India, Poland, Greece, and Br...
Avis Budget Group Announces Special Cash Dividend
Avis Budget Group Announces Special Cash Dividend PARSIPPANY, N.J., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) today announced the declaration by its Board of Directors of a special cash dividend of $10.00 per share of common stock. The special cash dividend is payable on December 21, 2023 to stockholders of record as of the close of business on December 15, 2023. In addition, the Company has purchased approximately 1.3 million shares of its common stock to date in the fourth quarter of 2023 for an aggregate purchase price of approximately $2...
Avis Budget Group Announces Pricing of $500 Million of Senior Notes
Avis Budget Group Announces Pricing of $500 Million of Senior Notes PARSIPPANY, N.J., Nov. 15, 2023 (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 $500 million aggregate principal amount of 8.00% senior notes due 2031 (the “Notes”). The Notes will have a maturity date of February 15, 2031. The closing of the offering of the Notes is expected to occur on November 22, 2023, subject to customary closing...
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., Nov. 15, 2023 (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 2031 (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....
Avis Budget Group Announces Management Realignment
Avis Budget Group Announces Management Realignment Izzy Martins to be appointed EVP & CFO and Brian Choi to be appointed EVP & Chief Transformation Officer Jagdeep Pahwa to become Chairman and Bernardo Hees to continue as Board Member PARSIPPANY, N.J., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today announced significant changes within its leadership team, reinforcing the company's commitment to its strategic vision and long-term success. Effective January 1, 2024, Izzy Martins, currently serving as EVP Americas, will assume the role of EVP & Chief Finan...
Avis Budget Group Reports Third Quarter Results
Avis Budget Group Reports Third Quarter Results PARSIPPANY, N.J., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for third quarter 2023 today. We ended the quarter with revenues of $3.6 billion, driven by peak demand and seasonal revenue per day increases. Net income was $627 million and our Adjusted EBITDA1 was $907 million. Our liquidity position at the end of the quarter was approximately $1.0 billion, with an additional $1.1 billion of fleet funding capacity. We have well-laddered corporate debt with no meaningful maturities until...
Avis Budget Group to Announce Third Quarter 2023 Results on November 1...
Avis Budget Group to Announce Third Quarter 2023 Results on November 1st Conference Call to Discuss Results Scheduled for November 2nd, 2023 PARSIPPANY, N.J., Oct. 09, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its third quarter 2023 results after the market close on Wednesday, November 1st, 2023, and to host a conference call for institutional investors to discuss these results on Thursday, November 2nd, 2023 at 8:30 a.m. Eastern time. Investors may access the call at ir.avisbudgetgroup.com, or by dialing (800)-274-8461 and r...
- MarketLine Department
U-Haul Holding Co - Strategy, SWOT and Corporate Finance Report
Summary U-Haul Holding Co - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights U-Haul Holding Co (U-Haul), formerly AMERCO, is a holding company. It offers moving and storage services, protection packages, property and casualty insurance, real estate services, storage ...
Avis Budget Group Reports Second Quarter Results
Avis Budget Group Reports Second Quarter Results PARSIPPANY, N.J., July 31, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for second quarter 2023 today. We ended the quarter with revenues of $3.1 billion, driven by strong demand and seasonal revenue per day increase. Net income was $436 million and our Adjusted EBITDA1 was $737 million. Utilization was up 50 basis points compared to second quarter 2022, at 70.5%, as our fleet continues to be well positioned to meet growing demand. Our liquidity position at the end of the quarter was approxim...
Avis Budget Group To Announce Second Quarter 2023 Results On July 31st
Avis Budget Group To Announce Second Quarter 2023 Results On July 31st Conference Call to Discuss Results Scheduled for August 1st, 2023 PARSIPPANY, N.J., July 07, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced today that it plans to report its second quarter 2023 results after the market close on Monday, July 31st, 2023, and to host a conference call for institutional investors to discuss these results on Tuesday, August 1st, 2023 at 8:30 a.m. Eastern time. Investors may access the call at ir.avisbudgetgroup.com, or by dialing (877)-407-2991. Investors are enc...
Avis Budget Group Announces Pricing of €400 Million of Senior Notes
Avis Budget Group Announces Pricing of €400 Million of Senior Notes PARSIPPANY, N.J., July 06, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the “Issuer”) priced a private offering of €400 million aggregate principal amount of 7.25% senior notes due 2030 (the “Notes”). The Notes will have a maturity date of July 31, 2030. The closing of the offering of the Notes is expected to occur on July 13, 2023, subject to customary closing conditions. The Notes will be issued at par and guaran...
Avis Budget Group Announces Intention to Offer €400 Million of Senior ...
Avis Budget Group Announces Intention to Offer €400 Million of Senior Notes PARSIPPANY, N.J., July 05, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the “Issuer”), intends, subject to market and other customary conditions, to offer €400 million aggregate principal amount of senior notes due 2030 (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. subsidiaries. The Company intends to use the...
- MarketLine Department
Localiza Rent A Car SA - Strategy, SWOT and Corporate Finance Report
Summary Localiza Rent A Car SA - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Localiza Rent a Car SA (Localiza) is a provider of car rental services. The company also carries out used car sales and franchising services in Latin America. It also offers fleet manag...
Avis Budget Group Reports First Quarter Results
Avis Budget Group Reports First Quarter Results PARSIPPANY, N.J., May 01, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for first quarter 2023 today. We ended the quarter with revenues 5% above the first quarter 2022, at $2.6 billion, driven by strong demand and revenue per day in-line with prior year. Net income was $312 million and our Adjusted EBITDA1 was $535 million. Utilization was up a point compared to first quarter 2022, at 68.4%, as our fleet continues to be well positioned to meet growing demand. Our liquidity position at the end ...
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