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Avis Budget Group Inc (CAR.OQ)

CAR.OQ on NASDAQ Stock Exchange Global Select Market

42.70USD
13 Dec 2017
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Latest Key Developments (Source: Significant Developments)

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
Monday, 6 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
Friday, 3 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
Wednesday, 15 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
Monday, 26 Sep 2016 

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

Zipcar partners with Yakima Products to bring Yakima bike, ski and surfboard carriers to Zipcars in North America
Wednesday, 17 Aug 2016 

Zipcar :Zipcar says partnering with yakima products inc to bring yakima bike, ski and surfboard carriers to zipcars in north america.  Full Article

Avis Budget Group posts Q2 adj. earnings $0.63/shr
Tuesday, 2 Aug 2016 

Avis Budget Group Inc : Avis budget group reports second quarter results . Qtrly earnings per share $0.38 . Q2 adjusted shr $0.63 . Q2 revenue $2.2 bln vs I/B/E/S view $2.21 bln .Q2 shr view $0.69 -- Thomson Reuters I/B/E/S.  Full Article

Avis Budget Group, TrueCar sign new partnership agreement
Monday, 25 Jul 2016 

Avis Budget Group Inc:Company, TrueCar announced signing of a new partnership agreement.  Full Article

Avis Budget Group Inc gives FY 2016 outlook
Tuesday, 23 Feb 2016 

Avis Budget Group Inc:Sees Fy 2016 revenue will increase 2% to 4% to $8.7 to $8.85 billion.Sees Fy 2016 Adjusted EBITDA is expected to be $820 million to $900 million, including an approximately $30 million negative impact from movements in currency exchange rates and more than $50 million of incremental investments in business.Sees Fy 2016 Adjusted pretax income will be $430 million to $510 million.Estimates Fy 2016 adjusted diluted earnings per share will be $2.70 to $3.30.  Full Article

Avis tests fully connected wireless car fleet in Kansas City

Nov 30 Avis Budget Group Inc said on Thursday it has launched in the Kansas City, Missouri, area its first fleet of cars that are fully connected to the internet, other vehicles, and to the car rental company via wireless technology as it seeks to enhance its fleet-management services.