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Aug 8 2018 Avis Budget Group Reports Strong Second Quarter 2018 Results Revenue grew 4% to a record $2.3 billion in the second quarter
Significant improvements in per-unit fleet costs and utilization
Net Income improved to $26 million and Adjusted Net Income increased 84% to $46 million, or $0.57 per diluted share
Adjusted EBITDA increased 15% to $161 million
Company authorizes additional $250 million of future share repurchases and updates its full-year projected 2018 results
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Industry News

  • Aug 8 2018-Avis Budget Group Reports Str... Revenue grew 4% to a record $2.3 billion in the second quarter
    Significant improvements in per-unit fleet costs and utilization
    Net Income improved to $26 million and Adjusted Net Income increased 84% to $46 million, or $0.57 per diluted share
    Adjusted EBITDA increased 15% to $161 million
    Company authorizes additional $250 million of future share repurchases and updates its full-year projected 2018 results
  • Aug 7 2018-Download PDF Hertz Global Hol... Second Quarter 2018 Compared to Second Quarter 2017:

    Total revenue increased 7%
    Net loss improved by 60%
    Adjusted Corporate EBITDA improved by $58 million
    Highest Q2 U.S. RAC segment revenues since 2014
    Improved trend in U.S. RAC per unit fleet costs continue
  • Jun 22 2018-Latest vehicle recalls... Transport Canada has released its latest vehicle recalls which may affect some GM vehicles.
  • Jun 8 2018-Un-authorized use of Associat... Un-authorized use of Associated Canadian Car Rental Operators (ACCRO) name in marketing materials by a company in Toronto
  • Jun 7 2018-Latest vehicle recalls... Transport Canada has released its latest vehicle recalls which may affect some GM vehicles.
  • Jun 7 2018-Latest vehicle recalls... Transport Canada has released its latest vehicle recalls which may affect some GM vehicles.
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