PARSIPPANY, N.J., May 13, 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 €200 million aggregate principal amount of additional 7.25% Senior Notes due 2030 (the "Notes") in a private offering. The Notes will be issued as additional notes under the Indenture, dated as of July 13, 2023, pursuant to which the Issuer previousl ...

Avis Budget Group, Inc. (CAR) reported mixed first-quarter 2024 results, wherein earnings missed the Zacks Consensus Estimate but revenues beat the same. The stock has gained 28.3% since its earnings release on May 1 despite the earnings miss. CAR’s adjusted loss was $3.2 per share compared with the Zacks Consensus Estimate of a loss of $3.15 and year-ago earnings of $7.72. Total revenues of $2.6 billion beat the consensus estimate by a slight margin but decreased marginally year over year. Avis Budget’s sh ...

财务数据和关键指标变化 - 公司在第一季度实现了超过25亿美元的收入和1200万美元的调整后EBITDA,与上年同期的5.35亿美元调整后EBITDA相比大幅下降 [10][42][43] - 公司加快了车辆处置,在第一季度创下历史纪录,导致了约4000万美元的损失,而上年同期则有2.5亿美元的车队收益 [43][44] - 直线折旧从2.76亿美元增加到2.98亿美元,负面影响8000万美元,主要是2024年车型的吸收和残值下降 [44][45] - 车辆利息费用增加1.06亿美元,主要是由于去年的车辆融资在2023年全年反映,以及新的ASAP和EMEA融资成本上升 [46][47] 各条业务线数据和关键指标变化 美洲业务 - 美洲业务实现近20亿美元收入和4400万美元调整后EBITDA [14] - 美洲业务交易日创历史新高,同比增长5% [14] - 航空旅客量持续高于2023年同期,带动了租车需求的增长 [14] - 价格同比下降6%,但仍高于2019年第一季度25% [16] - 3月价格同比下降不到4%,4月持续改善,预计第二季度末将基本持平 [16][22] - 第一季度处置了创纪录数量的车辆,提高了利用率,3月利用率约70% [19][20] 国际业务 - 国际业务收入增长3%至5.58亿美元 [23][25] - 租赁日同比增长4%,仅比2019年同期下降17% [23] - 跨境旅行和北美入境量同比分别增长11%和17% [23][24] - 价格同比下降不到1%,1月下降3%,3月略有上涨 [26][27] - 将于6月完成在欧洲推出自有需求车队定价系统,预计将带来收益 [27] - 利用率在季度内保持良好,预计进入第二季度和夏季旺季将继续保持良好 [28] 公司战略和发展方向及行业竞争 - 公司加快车队处置,以更好地匹配供需,提高利用率和灵活性 [10][17][18][19] - 公司认为2024年春夏旺季将表现强劲,并有信心捕捉这一机会 [13][39][56] - 公司正在投资于技术改善,如数据分析、车辆损坏检测、自助服务等,以提高生产率和效率 [29][30][31][32][35][36][37][38] - 公司认为2025年车型采购成本有望下降,将有利于改善折旧成本 [20][45][46] - 公司正在试点直接面向消费者的二手车销售平台,以提高车辆处置价值 [109][110][111] 管理层对经营环境和未来前景的评论 - 公司认为旅游需求持续强劲,第二季度美洲业务预计同比增长低个位数,国际业务预计同比增长高个位数 [54] - 公司预计第二季度末价格将基本持平去年同期,为进入第三季度旺季奠定良好基础 [54][56] - 公司认为第三季度价格有望同比改善,因为旅游需求持续强劲 [22] - 公司相信通过技术改善和成本管控措施,已为余下一年做好准备 [55] 问答环节重要的提问和回答 问题1 **Ryan Brinkman提问** 公司未来的资本配置策略,是否会更多地考虑偿还债务、股票回购还是其他用途 [60][61][62] **Izzy Martins回答** 公司认为目前股票价值被低估,但在处理车队处置策略、技术投资和利率上升影响方面需要优先考虑。未来将根据情况灵活配置资本,包括M&A、资本支出、债务偿还、股息和股票回购等 [61][62] 问题2 **John Babcock提问** 公司是否有任何融资需求,以及对未来利率环境的看法 [92][93] **Izzy Martins回答** 公司目前融资头寸充足,有约28亿美元的备用融资能力。对于未来利率环境的影响,已经在折旧成本预测中进行了相应调整 [93] 问题3 **Chris Woronka提问** 公司在第一季度在直接经营费用方面的表现,未来是否有进一步改善的空间 [94][95] **Izzy Martins回答** 公司通过技术改善和生产率提升措施,在创纪录的车辆处置情况下,仍将直接经营费用控制在较低水平。未来随着这些措施的进一步推广,有望带来持续的成本优化 [95]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File No. 001-10308 Avis Budget Group, Inc. (Exact name of registrant as specified in its charter) Delaware 06-0918165 (State ...

For the quarter ended March 2024, Avis Budget Group (CAR) reported revenue of $2.55 billion, down 0.2% over the same period last year. EPS came in at -$3.21, compared to $7.72 in the year-ago quarter. The reported revenue represents a surprise of +0.75% over the Zacks Consensus Estimate of $2.53 billion. With the consensus EPS estimate being -$3.15, the EPS surprise was -1.90%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determ ...

Avis Budget Group Reports First Quarter Results PARSIPPANY, N.J., May 1, 2024 - Avis Budget Group, Inc. (NASDAQ: CAR) announced financial results for first quarter 2024 today. We ended the quarter with revenues of $2.6 billion, driven by strong travel demand. Net loss was $113 million and our Adjusted EBITDA1 was $12 million. Our liquidity position at the end of the quarter was approximately $0.7 billion, with an additional $3.8 billion of fleet funding capacity. We have well-laddered corporate debt, and af ...

Avis Budget Group (NASDAQ: CAR) and Hertz (NYSE: HTZ) stock prices tumbled on Thursday as investors focused on the latter’s financial results. Hertz crashed by over 17%, bringing the year-to-date losses to over 54%. It has retreated by over 65% in the past 12 months. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins. Avis, on the other hand, has fallen by 45% this year and by 38% in the past 12 months amid rising concerns about the car rental industry. ...

财务表现 - Avis Budget Group (CAR) 预计在2024年3月份的季度报告中，盈利将同比下降，营收也将减少[1] - 如果关键数据超过预期，股价可能会上涨；反之，如果未达预期，股价可能会下跌[2] - 公司的最准确估计值低于Zacks共识估计值，表明分析师最近对公司的盈利前景变得悲观，这导致了-15.18%的盈利预期偏差[12] - 分析师最近对该公司的季度亏损预期进行了下调，显示出他们对公司盈利前景持悲观态度[4]

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 encouraged to dial in approximately 10 minutes prior to the c ...

公司业绩 - Avis Budget Group, Inc.计划在2024年5月1日市场收盘后公布2024年第一季度业绩[1] - 机构投资者可在ir.avisbudgetgroup.com或拨打(877)-407-2991参加电话会议[2] 公司信息 - Avis Budget Group是全球领先的移动解决方案提供商，拥有大约10,250个租车点，总部位于新泽西州Parsippany[3] 联系方式 - 请联系David Calabria，邮箱为IR@avisbudget.com[4]