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Avis Budget Group Inc.

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  • Avis Budget Group, Inc. F2Q08 (Qtr End 06/30/08) Earnings Call Transcript

    Seeking Alpha - 2008-08-07

    Question-and-Answer Session Operator Operator Instructions Your first question comes from the line of Chris Agnew - Goldman Sachs Chris Agnew - Goldman Sachs On the timing of your free cash flow through the rest of this year, should we expect the seasonal pattern that we saw last year...

    Tags: Avis Budget Group Inc.

  • Avis Budget Group Q1 2008 Earnings Call Transcript

    Seeking Alpha - 2008-05-07

    Question-and-Answer Session Operator Operator Instructions Your first question is from Chris Agnew with Goldman Sachs. Your line is open. Chris Agnew - Goldman Sachs Thank you. Good morning, gentlemen. First question, could you comment on what specifically caused the weakness in pricing in January and sort of reiterate why...

    Tags: Avis Budget Group Inc.

  • Avis Budget Group Inc. Q4 2007 Earnings Call Transcript

    Seeking Alpha - 2008-04-07

    Question-and-Answer Session Operator Operator Instructions The first question comes from Chris Agnew - Goldman Sachs. Chris Agnew - Goldman Sachs Off-airport business, you’re seeing good growth particularly in insurance replacement. What gives you confidence you can continue to grow in 2008? What is the...

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  • Avis Budget Group Q4 2006 Earnings Call Transcript

    Seeking Alpha - 2007-02-21

    Question-and-Answer SessionOperator Operator Instructions Our first question comes from Jeff Kessler with Lehman Brothers. You may begin. Jeff Kessler - Lehman Brothers Thank you. I actually have about 40 questions but I will, instead of boring everybody, I will just ask a couple....

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  • Avis Budget Group Q3 2006 Earnings Call Transcript

    Seeking Alpha - 2006-11-09

    Question-and-Answer SessionOperator Thank you. Operator Instructions. Let’s take our first question from Jeff Kessler with Lehman Brothers. Jeff Kessler - Lehman Brothers Thank you. First, with regards to the Truck Rental business, it’s a question that has probably been asked you before, but when you folks...

    Tags: Avis Budget Group Inc.

Additional Resources

  • Avis Budget Group Completes Asset-Backed Conduit Financing Renewal and Amendment to Senior Credit Facilities

    - 2008-12-24

    Avis Budget Group, Inc. (NYSE: CAR), aleading provider of vehicle rental services, today announced that it hascompleted the renewal of its principal asset-backed bank conduit facilityand its seasonal conduit facility, which are used to finance cars for itsrental fleet. The facilities provide for $1.35 billion and $1.1 billion offinancing,...

  • Avis Budget Group Receives Continued Listing Standards Notice From the New York Stock Exchange

    - 2008-12-23

    Avis Budget Group, Inc. (NYSE: CAR), aleading provider of vehicle rental services, today announced that it hasreceived notification from the New York Stock Exchange that the Company hadfallen below the continued listing standard which requires a minimumaverage closing price of $1.00 per share over 30 consecutive trading days. The Company...

  • Avis Budget Group Obtains Commitments to Renew Asset-Backed Conduit Financing and Launches Amendment to Senior Credit Facilities

    - 2008-12-23

    Avis Budget Group, Inc. (NYSE: CAR), aleading provider of vehicle rental services, today announced that it hasreceived commitments to renew its $1.45 billion principal asset-backed bankconduit facility and its $1 billion seasonal conduit facility, which areused to finance cars for its rental fleet. The commitments provide for areallocation of $100...

  • Fitch Downgrades Avis Budget Group's IDR to 'B+'; Outlook Negative

    - 2008-12-23

    NEW YORK -- Fitch Ratings has downgraded Avis Budget Group's ABG Issuer Default Rating IDR and debt ratings as follows: Avis Budget Car Rental, LLC --IDR to 'B+' from 'BB-'; --Senior secured debt to 'BB-/RR3' from 'BB+'; --Senior unsecured debt to 'B-/RR6'...

  • Roundarch and Avis Rent A Car Share the Success of Their Current Collaboration

    - 2008-12-19

    DALLAS -- Roundarch, the leader in large scale Website design and development, was a sponsor and participant at Forrester's Consumer Forum titled "Keeping Ahead of Tomorrow's Customer." The forum, held October 28-29, included research presentations by leading Forrester analysts as well as speaking sessions from a number of other leaders...

  • Avis Budget Group to Roll Out TransCore's eZGo Anywhere Wireless Toll Transponders for U.S. Car Fleet

    - 2008-12-16

    PARSIPPANY, N.J. -- Avis Budget Group today announced that it has teamed up with TransCore and Highway Toll Administration HTA to supply eZGo Anywhere[TM] wireless toll collection transponders for its car and truck rental fleet of vehicles to serve customers of Avis Rent A Car, Budget Rent A Car and...

  • Avis Offers up to $50 Savings on Cargo Van Rentals

    - 2008-12-11

    Have donations you want to deliver to peoplein need this holiday season? Need more space for purchased gifts than yourvehicle provides? Let Avis help. Avis Rent A Car today announced amoney-saving offer on cargo van rentals. Now through March 31, 2009,customers can save $10 on a one-day...

  • Avis Budget Group Comments on Progress of Fourth Quarter Cost-Saving Initiatives

    - 2008-12-04

    Avis Budget Group (NYSE: CAR) today provideddetails of the progress the Company has achieved to date from the costreduction initiatives announced on November 6. "Since unveiling our five-point plan, we have taken immediate action andremain on track to lower our cost base by approximately $150-$200 millionannually by the middle of...

  • Avis and Budget to Offer Vehicles With Snow Tires in Canada

    - 2008-12-01

    Avis Budget Group today announced that Avis andBudget will offer customers across Canada vehicles equipped with snowtires. Now through April 15, 2009, snow tires will be available on allAvis and Budget passenger vehicles in Quebec, as required by law. Beginningtoday, snow tires will also be available on certain vehicles...

  • Avis Hopes Rate Hike Will Put Brakes on Losses

    - 2008-12-01

    PARSIPPANY - Vehicle rental company Avis Budget Group Ine, based in the Morris County township, said it would increase rates by $3 per day and $20 per week on certain retail car rentals, effective Dec. 1 . The rate hike goes into effect across the country for airport and certain...

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  • Revenue (Fiscal Year) $5.9B
  • Profit (Fiscal Year) ($916.0M)
  • Market Cap $97.3M
  • Incorporated: 1973
  • CEO: Mr. Ronald L. Nelson

Avis Budget Group is engaged in the vehicle rental industry via its Avis and Budget brands. Avis is a rental car supplier to the commercial and leisure segments of the travel industry and Budget is a rental car supplier to the price-conscious segments of the industry. At Dec 31 2007, Co. had about 6,900 car and truck rental locations in, among others, the U.S., Canada, Australia, Latin America and the Caribbean. Co. operates in three segments: domestic car rental, consisting of its Avis and Budget U.S. car rental operations; international car rental, consisting of its international Avis and Budget car rental operations; and truck rental, consisting of its Budget truck rental operations.

Stock Quote

Board of Directors

Mr. Ronald L. Nelson Chairman

Ms. Mary C. Choksi

Mr. Leonard S. Coleman Jr.

Mr. Martin L. Edelman

Mr. John D. Hardy Jr.

Ms. Lynn Krominga

Mr. Eduardo G. Mestre

Mr. F. Robert Salerno

Mr. Stender E. Sweeney

Contact Information

9 West 57th Street

New York, NY

http://www.cendant.com

212 413-1800

NAICS Code

Passenger Car Rental: 532111

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