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Avis Budget Group Inc - CAR STOCK NEWS

Welcome to our dedicated news page for Avis Budget Group (Ticker: CAR), a resource for investors and traders seeking the latest updates and insights on Avis Budget Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Avis Budget Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Avis Budget Group's position in the market.

News
Avis Budget Group Announces Management Realignment
Rhea-AI Summary
Avis Budget Group announces significant changes within its leadership team. Izzy Martins will become EVP & CFO, Brian Choi will become EVP & Chief Transformation Officer, Jagdeep Pahwa will become Chairman, and Bernardo Hees will continue as a Board Member. The changes will be effective from January 1, 2024. Avis Budget Group is a leading global provider of mobility solutions with rental locations in approximately 180 countries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.01%
Tags
none
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News
Avis Budget Group to Announce Third Quarter 2023 Results on November 1st
Rhea-AI Summary
Avis Budget Group to report Q3 2023 results and host conference call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.68%
Tags
earnings
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News
In Honor of Globally Recognized "Car-Free Day," Zipcar Releases New Data about the Impact of Car Sharing on Traffic and Parking Competition in Washington, D.C.
Rhea-AI Summary
Car-sharing Washingtonians contribute to the environmental and social health of Washington D.C. by eliminating additional cars on the road, congestion, parking competition, and carbon emissions. Nearly 30% of Zipcar members in Washington D.C. have ditched their personal cars, eliminating an estimated 8,000 vehicles from the streets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.1%
Tags
none
News
In Honor of Globally Recognized "Car-Free Day," Zipcar Releases New Data about the Impact of Car Sharing on Traffic and Parking Competition in Chicago
Rhea-AI Summary
Car-sharing Chicagoans save over $6,000 on transportation and free city space equivalent of Millennium Park
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.1%
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none
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News
In Honor of Globally Recognized "Car-Free Day," Zipcar Releases New Data about The Impact of Car Sharing on Traffic and Parking Competition in New York City
Rhea-AI Summary
Car-sharing New Yorkers save 50% on transportation costs and eliminate 37,000 vehicles from streets, positively impacting environment and congestion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.1%
Tags
none
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News
Avis Budget Group Reports Second Quarter Results
Rhea-AI Summary
Avis Budget Group announces strong Q2 2023 financial results with revenues of $3.1 billion and net income of $436 million. Adjusted EBITDA was $737 million. Utilization increased by 50 basis points compared to Q2 2022. Liquidity position at the end of the quarter was $1.1 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.94%
Tags
earnings
News
Avis Budget Group To Announce Second Quarter 2023 Results On July 31st
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.05%
Tags
earnings
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News
Avis Budget Group Announces Pricing of €400 Million of Senior Notes
Rhea-AI Summary
Avis Budget Group, Inc. announced a private offering of €400 million aggregate principal amount of 7.25% senior notes due 2030. The offering is expected to close on July 13, 2023. The proceeds will be used to redeem outstanding senior notes due 2024 and for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.53%
Tags
none
-
News
Avis Budget Group Announces Intention to Offer €400 Million of Senior Notes
Rhea-AI Summary
Avis Budget Group, Inc. plans to offer €400 million aggregate principal amount of senior notes due 2030 in a private offering. The net proceeds will be used to redeem the Issuer's outstanding 4.125% senior notes due 2024 and for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.97%
Tags
none
News
The New American Dream? More than 1/3 of Americans Consider Ditching Car Ownership by 2030
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.98%
Tags
none
Stock CAR logo
Avis Budget Group Inc

Nasdaq:CAR

CAR Rankings

#1409 Ranked by Market Cap
#3953 Ranked by Stock Gains
#2115 Ranked by Dividends

CAR Stock Data

4.09B
17.27M
2.81%
97.08%
9.22%
Passenger Car Rental
Real Estate and Rental and Leasing
Link
US
Parsippany

About CAR

avis budget group, inc. is a leading global provider of vehicle rental services, both through its avis and budget brands, which have more than 10,000 rental locations in approximately 175 countries around the world, and through its zipcar brand, which is the world's leading car sharing network, with more than 900,000 members. avis budget group operates most of its car rental offices in north america, europe and australia directly, and operates primarily through licensees in other parts of the world. avis budget group has approximately 30,000 employees and is headquartered in parsippany, n.j.