Avis Budget Group targets $1B adjusted EBITDA in 2025 with fleet rotation strategy
Q4 2024 Management View CEO Joseph Ferraro highlighted the company’s accelerated fleet rotation strategy, resulting in a $2.5 billion non-cash impairment charge. This decision involved replacing ...
Analysts Conflicted on These Industrial Goods Names: Masco (MAS) and Avis Budget (CAR)
Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Masco (MAS – Research Report) and Avis Budget (CAR – ...
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Avis Budget Group (NASDAQ:CAR) Misses Q4 Sales Targets
Car rental services provider Avis (NASDAQ:CAR) in Q4 CY2024, with sales falling 2% year on year to $2.71 billion. Its GAAP ...
Avis Budget Swings to 4Q Loss Due to Fleet Rotation Acceleration
The loss reflects a change in strategy to accelerate fleet rotations, which resulted in shortening the life of most of the vehicles in the Americas' segment, Avis said. The financial impact was a ...
Avis Budget CEO Joe Ferraro to Step Down, Brian Choi Named Successor
Avis Budget's Chief Executive Officer Joe Ferraro is stepping down and will be succeeded by Brian Choi, its chief transformation officer. The Parsippany, N.J.-based car-rental company on Tuesday said ...