Welcome to our dedicated page for Avis Budget news (Ticker: CAR), a resource for investors and traders seeking the latest updates and insights on Avis Budget stock.
Avis Budget Group, Inc. (NASDAQ: CAR) generates frequent news and disclosures as a global provider of mobility solutions in the passenger car rental sector. Through its Avis, Budget, Payless and Zipcar brands, the company reports on developments that span vehicle rental, car sharing, financing activities and broader mobility initiatives. News items often include quarterly earnings releases, capital markets transactions and updates on strategic partnerships.
Investors following CAR stock news can expect regular coverage of financial results, such as first, second and third quarter earnings announcements. These releases typically discuss revenues, net income or loss, Adjusted EBITDA and key operating metrics like rental days, revenue per day, vehicle utilization and per-unit fleet costs. The company also uses news releases to explain non-GAAP financial measures and to highlight factors affecting performance, including fleet rotation strategies and changes in fleet costs.
Avis Budget Group also issues news on strategic and product developments. In 2025, it announced the launch of Avis First, described as a premium, concierge-level car rental experience within the Avis brand, and a multi-year strategic partnership with Waymo to support a fully autonomous ride-hailing service in Dallas as a fleet operations partner. These announcements reflect how the company presents its role in the evolving mobility ecosystem.
Other CAR news items include updates on senior note offerings, amendments to credit agreements, asset-backed securities issuances secured by its vehicle fleet, and governance or shareholder-related matters disclosed via Form 8-K. For readers tracking Avis Budget Group, the news feed provides a centralized view of earnings, financing actions, new product offerings and material corporate events referenced in both press releases and SEC filings.
AVIS has announced a multi-year extension of its partnership with the PGA TOUR, PGA TOUR Champions, and Korn Ferry Tour, continuing through 2028. AVIS will remain the Official Rental Car Company for these events, providing vehicles for players, caddies, employees, and fans. The partnership, which began in 2011, will also feature the AVIS ‘Plan on Us’ campaign to engage fans during the FedExCup season. Additionally, AVIS has signed a two-year partnership with PGA TOUR winner and Olympic Gold Medalist Xander Schauffele, who will serve as a brand ambassador.
Avis Budget Group announced the pricing of €200 million in additional 7.25% Senior Notes due 2030 through its subsidiary, Avis Budget Finance. These Notes will be added to the €400 million previously issued under the same terms. Priced at 100.25% of face value, the offering will close on May 21, 2024, pending standard conditions. Proceeds will be used for general corporate purposes, including debt repayment. The Notes are offered only to qualified institutional buyers under Rule 144A of the Securities Act and will not be registered in the U.S. This announcement does not constitute an offer to sell or buy any securities.
Avis Budget Group, Inc. (NASDAQ: CAR) announced its intention to offer €200 million of Senior Notes through its subsidiary, Avis Budget Finance plc, for general corporate purposes. The Notes will be issued under an existing Indenture and guaranteed by the Company and its U.S. subsidiaries. The offering will target qualified institutional buyers under Rule 144A or non-U.S. persons under Regulation S. This press release is not an offer to buy or sell securities, and the Notes have not been registered under the Securities Act.
Avis Budget Group, Inc. (NASDAQ: CAR) reported strong financial results for the first quarter of 2024, with revenues reaching $2.6 billion driven by robust travel demand. Despite a net loss of $113 million, their Adjusted EBITDA stood at $12 million. The company's liquidity position was strong, with approximately $0.7 billion in cash and $3.8 billion in fleet funding capacity. Avis Budget Group is well-positioned for the upcoming spring and summer travel seasons.
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