Edition:
United States

Avis Budget Group Inc (CAR.OQ)

CAR.OQ on NASDAQ Stock Exchange Global Select Market

35.01USD
17 Nov 2017
Change (% chg)

$0.68 (+1.98%)
Prev Close
$34.33
Open
$34.25
Day's High
$35.04
Day's Low
$34.25
Volume
1,334,020
Avg. Vol
1,045,581
52-wk High
$42.36
52-wk Low
$20.71

Latest Key Developments (Source: Significant Developments)

Avis Budget group reports record third quarter 2017 results
Monday, 6 Nov 2017 04:15pm EST 

Nov 6 (Reuters) - Avis Budget Group Inc :Avis Budget Group reports record third quarter 2017 results.Q3 adjusted earnings per share $3.10.Q3 earnings per share $2.91.Q3 revenue $2.8 billion versus I/B/E/S view $2.78 billion.Q3 earnings per share view $3.04 -- Thomson Reuters I/B/E/S.Avis Budget Group Inc - sees 2017 ‍ revenues $8,800 million - $8,900 million​.Avis Budget Group Inc - sees ‍2017 adjusted diluted earnings per share $2.45 - $2.65​.FY2017 earnings per share view $2.68, revenue view $8.81 billion -- Thomson Reuters I/B/E/S.  Full Article

Avis Budget Group subsidiary entered into agreement with General Motors
Friday, 3 Nov 2017 04:57pm EDT 

Nov 3 (Reuters) - Avis Budget Group Inc :Avis Budget Group Inc - on oct 31, 2017, co's subsidiary Avis Budget Car Rental, LLC entered into letter agreement with General Motors LLC -SEC filing.Avis Budget Group Inc - agreement for the purchase of vehicles from dealers for the 2018 vehicle model year.  Full Article

‍Zipcar announces launch of its service in Costa Rica​
Wednesday, 6 Sep 2017 10:00am EDT 

Sept 6 (Reuters) - Zipcar : :‍Zipcar - Announced launch of its service in Costa Rica​.  Full Article

Avis Budget Group unit enters agreement with Ford
Thursday, 31 Aug 2017 04:54pm EDT 

Aug 31 (Reuters) - Avis Budget Group Inc ::Avis Budget Group - ‍on Aug 29, unit entered agreement with Ford for purchase of vehicles from Ford dealers for 2018 vehicle model year​ - SEC filing.  Full Article

Avis Budget Holdings, Avis Budget Car Rental enter amendment
Thursday, 24 Aug 2017 05:01pm EDT 

Aug 24 (Reuters) - Avis Budget Group Inc ::Avis Budget - Avis Budget Holdings, Llc and Avis Budget Car Rental, Llc entered amendment to 4th amended and restated credit agreement, dated Oct 7, 2016​.Avis Budget Group Inc - ‍second amendment extends current leverage ratio until September 2018 - SEC filing​.  Full Article

Avis Budget group Q2 earnings per share $0.04
Monday, 7 Aug 2017 04:15pm EDT 

Aug 7 (Reuters) - Avis Budget Group Inc :Avis budget group reports second quarter 2017 results.Q2 earnings per share $0.04.Q2 revenue $2.2 billion versus i/b/e/s view $2.28 billion.Q2 adjusted earnings per share $0.30.Q2 earnings per share view $0.55 -- Thomson Reuters I/B/E/S.Avis budget group inc sees full-year 2017 adjusted diluted earnings per share $2.40 - $2.85.Avis budget group inc sees 2017 revenue $8,800 million - $8,950 million.Avis budget group inc sees 2017 adjusted free cash flow approx. $350 million.Fy2017 earnings per share view $2.77, revenue view $8.78 billion -- Thomson Reuters I/B/E/S.  Full Article

Avis announces Google Home integration with AI capabilities
Monday, 31 Jul 2017 11:30am EDT 

July 31 (Reuters) - Avis Car Rental ::Avis announces Google Home integration with Artificial Intelligence (AI) capabilities.Says to launch a Google Assistant action for Google Home, available next month​.Through a secure integration with Avis, travelers can use Google Home to make or modify current reservations and review past trips.  Full Article

‍Avis Car Rental announces its integration with Amazon Alexa​
Monday, 17 Jul 2017 09:00am EDT 

July 17 (Reuters) - Amazon.Com Inc :Avis Budget Group Inc - ‍company's offering with Amazon Alexa will be available to public by end of August​.Avis Budget Group - ‍with new skill for Alexa-enabled devices, Avis customers will be able to make car rental reservation among others​.  Full Article

Avis Budget Group to partner with Waymo for self-driving car program
Monday, 26 Jun 2017 10:33am EDT 

June 26 (Reuters) - Avis Budget Group Inc ::Avis Budget Group enters into partnership with Waymo to support its self-driving car program.Agreement to offer fleet support, maintenance services for Waymo’s self-driving car program at Avis car rental, budget car rental locations.  Full Article

Waymo reached an agreement for Avis to manage fleet of autonomous vehicles - Bloomberg
Monday, 26 Jun 2017 10:27am EDT 

June 26 (Reuters) - :Waymo, the self-driving car unit of Alphabet, has reached an agreement for Avis Budget Group to manage its fleet of autonomous vehicles - Bloomberg.Deal with Avis Budget Group is limited to Waymo's vehicles in Phoenix - Bloomberg.  Full Article

Hurricanes hurt Avis outlook, shares plunge

DETROIT Avis Budget Group Inc on Monday posted a better-than-expected net profit thanks to strong summer demand, but the car rental company's shares fell more than 10 percent in after-market trading as it lowered its full-year earnings forecast citing the impact of hurricanes.