Press Releases
PARSIPPANY, N.J., Sept. 30, 2011 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) announced today that it plans to create three new operating regions effective October 3, 2011, when the acquisition of Avis Europe plc (LSE:AVE) is expected to be completed....
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PARSIPPANY, N.J., Sept. 30, 2011 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) (the "Company") today announced the appointment of Alun Cathcart to its Board of Directors effective October 3, 2011. Mr. Cathcart fills a newly created seat and will serve for a term scheduled to end at the...
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PARSIPPANY, N.J., Sept. 21, 2011 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq: CAR - News ) (the "Company") announced today that its wholly-owned subsidiary, AE Escrow Corporation, has priced an offering of $250 million aggregate principal amount of 9.75% senior notes due 2020....
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PARSIPPANY, N.J., Sept. 13, 2011 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq: CAR ) has received CEO Cancer Gold Standard ™ accreditation, in recognition of the Company's extraordinary commitment to the health of their employees and families....
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- Revenue expected to increase 7-8% year-over-year, to $1.6 billion.
- Adjusted EBITDA expected to increase more than 20%, to $265-275 million, excluding certain items.
- Pretax income expected to increase approximately 30%, to $200-210 million, excluding certain items.
Transaction Will Enable the Company to Replace Vehicle-Backed Debt Maturing in 2012 at Substantially Lower Rates...
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Company Deploys RFID Technology to Serve Hourly, Daily and One-Way Rental Needs of Corporate Clients On-Site...
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- Revenue increased 9% compared with second quarter 2010.
- Adjusted EBITDA increased 95%, excluding certain items.
- Net income doubled to $52 million compared with second quarter 2010.